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In re PMI Group

January 21, 2010

IN RE THE PMI GROUP, INC. SECURITIES LITIGATION


The opinion of the court was delivered by: The Honorable Susan Illston United States District Judge

CLASS ACTION THIS DOCUMENT RELATES TO: STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO FILE ALL ACTIONS ANSWER TO FIRST AMENDED COMPLAINT

STIPULATION

WHEREAS, on July 24, 2009, Lead Plaintiff filed the First Amended Complaint For Violation Of The Federal Securities Laws ("First Amended Complaint");

WHEREAS, on September 2, 2009, defendants The PMI Group, Inc., L. Stephen Smith, Bradley M. Shuster, David H. Katkov and Donald P. Lofe, Jr. (collectively, "Defendants") filed a motion to dismiss the First Amended Complaint;

WHEREAS, on November 2, 2009, the Court entered an Order Denying Defendants' Motion to Dismiss First Amended Complaint;

WHEREAS, on November 16, 2009, pursuant to the parties' stipulation, the Court entered an order extending Defendants' time to file their Answer to the First Amended Complaint to December 21, 2009;

WHEREAS, on December 14, 2009, pursuant to the parties' stipulation, the Court entered an order extending Defendants' time to file their Answer to the First Amended Complaint to January 21, 2010;

WHEREAS, the parties have met and conferred and have agreed that Defendants may have an additional extension of time to respond to the First Amended Complaint, which will not otherwise affect the schedule for the case, including discovery;

WHEREAS, discovery has commenced, and the parties exchanged their initial disclosures pursuant to Federal Rule of Civil Procedure 26 on December 21, 2009;

NOW, THEREFORE, the undersigned parties hereby stipulate and agree, and respectfully request that the Court enter an order, as follows:

1. Defendants shall file their Answer to the First Amended Complaint on or before February 11, 2010.

IT IS SO STIPULATED.

O'MELVENY & MYERS LLP Dated: January __, 2010 Meredith N. Landy Attorneys for Defendants

The PMI Group, Inc., L. Stephen Smith, Bradley M. Shuster, David H. Katkov and Donald P. Lofe, Jr. COUGHLIN STOIA GELLER RUDMAN & ROBBINS LLP Dated: January __, 2010 ...


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