In Re LaBranche Securities Litigation
District Court, S.D. New York
1Opinion of the Court
OPINION
SWEET, District Judge.
Lead Plaintiffs Anthony Johnson, Clyde Farmer, Edwin Walthall, Donald Stahl, and City of Harper Woods Retirement Systems (collectively, the “Lead Plaintiffs”) have moved to modify the discovery stay set forth in Section 21D(b)(3)(B) of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995 (the “PSLRA”), 15 U.S.C. § 78u-4(b)(3)(b). For the reasons set forth below, the motion is granted.
Prior Proceedings
The Complaint in this action was filed on October 16, 2003 and has alleged that defendant LaBranehe & Co. Inc.…
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