News & Analysis as of

Private Securities Litigation Reform Act of 1995 Securities

A&O Shearman

New York Appellate Court Holds That PSLRA Discovery Stay Applies To Securities Act Actions Initiated In New York State Court

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On November 2, 2023, the New York Appellate Division, First Department, held that the automatic discovery stay in the Private Securities Litigation Reform Act (“PSLRA”) applies to actions brought in New York state court...more

A&O Shearman

Northern District Of California Denies Motion To Dismiss Putative Class Action Against Software Company, Finding Plaintiff...

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On April 18, 2023, Judge William H. Orrick of the United States District Court for the Northern District of California denied a motion to dismiss a putative securities class action alleging a software company (the “Company”)...more

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