A recent decision by the First Department of the New York Appellate Division held that the Private Securities Litigation Reform Act's automatic stay of discovery applies in state court, but not during the pendency of an...more
A recent decision by the New York Commercial Division held that the Private Securities Litigation Reform Act's automatic stay of discovery pending a motion to dismiss applies to Securities Act claims pursued in state court,...more
8/21/2019
/ Automatic Stay ,
Class Action ,
Commercial Court ,
Cyan Inc v Beaver Cty Emps Ret Fund ,
Discovery ,
Jurisdiction ,
Motion to Dismiss ,
NY Supreme Court ,
Private Securities Litigation Reform Act of 1995 ,
PSLRA ,
Securities Act of 1933 ,
Securities Litigation ,
SLUSA ,
Stays
The Situation: The Director of the U.S. Securities and Exchange Commission's Division of Corporate Finance, William Hinman, has weighed in on when digital assets will be characterized as securities.
The Result: In...more
6/26/2018
/ Bitcoin ,
Cryptocurrency ,
Digital Assets ,
Ether ,
Goods or Services ,
Howey ,
Initial Coin Offering (ICOs) ,
Investment Adviser ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Token Sales