In Re Fannie Mae Securities Litigation

MEMORANDUM OPINION AND ORDER

LEON, District Judge.

Plaintiffs move for a partial lift of the automatic discovery stay provided for in the Private Securities Litigation Reform Act (“PSLRA”) in order to obtain copies of the documents that Fannie Mae has produced to the Office of Federal Housing Enterprise Oversight (“OFEHO”) and other government agencies investigating alleged securities fraud. The PSLRA provides that:

In any private action arising under this subchapter, all discovery and other proceedings shall be stayed during the pen-dency of any motion to dismiss, unless the court ñnds, upon…