Stay of Discovery Under PSLRA Does Not Apply During All Motions to Dismiss

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9/1/2010

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Plaintiff brought a claim for securities fraud against a medical device corporation and certain employees, officers and board members of the corporation. Several defendants (the moving defendants) filed motions to dismiss the plaintiff’s complaint on February 11, 2009. On September 4, 2009, the motions were granted in part and denied in part.

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Published In: Civil Procedure Updates, Health Law Updates, Personal Injury Updates, Securities Law Updates, Business Organization Updates

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.