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

Katten Muchin Rosenman LLP
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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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