Legal Opinion
In Re Initial Public Offering Securities Litigation
District Court, S.D. New York
Decided May 20, 2002No. 21 MC 92(SAS)PublishedCited by 5 opinions
1Opinion of the Court
ORDER
SCHEINDLIN, District Judge.
The Private Securities Litigation Reform Act (“PSLRA”) mandates that “all discovery and other proceedings shall be stayed during the pendency of any motion to dismiss [a complaint brought under the 1933 Securities Act or the 1934 Exchange Act], unless the court finds upon the motion of any party that particularized discovery is necessary to preserve evidence or to prevent undue prejudice to that party.” 15 U.S.C. § 77z1(b)(3) (emphasis added). Plaintiffs have argued that they will be unduly prejudiced unless the stay on discovery is lifted but admit that the…
2Cases cited3 opinions
- Artuz v. BennettSupreme Court of the United States · 2000
- In Re Initial Public Offering Securities LitigationDistrict Court, S.D. New York · 2001
- In Re CFS-Related Securities Fraud LitigationDistrict Court, N.D. Oklahoma · 2001
3Cited by5 opinions
- In Re DOT Hill Systems Corp. Securities LitigationDistrict Court, S.D. California · 2008
- Jiang v. Avaya Holdings Corp.District Court, S.D. New York · 2024
- Nam v. Permanent Mission of the Republic of Korea to the United NationsDistrict Court, S.D. New York · 2022
- Short v. City of RochesterDistrict Court, W.D. New York · 2024
- The Mangrove Partners Master Fund, Ltd. v. Navios Maritime Containers L.P.District Court, S.D. New York · 2020