NY Discovery Stay Ruling Empowers Securities Defendants

By Katherine Kelly Fell and Jeremy Wertz (January 26, 2024, 2:53 PM EST) -- On Nov. 2, 2023, a New York state appeals court held, in a matter of first impression for the court, that New York state courts hearing claims under the Securities Act of 1933 are required to stay discovery pending the resolution of a motion to dismiss under the Private Securities Litigation Reform Act of 1995.[1]...

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