Gray v. First Winthrop Corp.

MEMORANDUM AND ORDER DENYING MOTION TO STAY DISCOVERY

VUKASIN, District Judge.

INTRODUCTION

Defendants’ Motion to Stay Discovery was scheduled to be heard on October 25, 1990. After a review of the briefs, this court considered it appropriate to submit the motion on the pleadings pursuant to Local Rule 220-1, and now DENIES the motion.

BACKGROUND

This is a securities class action arising out of a real estate limited partnership. Plaintiffs, who are investors in the limited partnership, allege numerous federal and common law claims against defendants, who are the offeror and other parties involved…