Craig Waldman Authors NYLJ Article on PSLRA’s Discovery Stay Jurisdiction
11.15.19
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Litigation Partner Craig Waldman authored an article titled, “The PSLRA’s Discovery Stay During the Pendency of a Motion To Dismiss Applies in State Court Actions Asserting 1933 Act Claims,” which was published by New York Law Journal. The article discussed the growing divergence of authority on whether the Private Securities Litigation Reform Act’s (PSLRA) discovery stay pending a motion to dismiss applies to state court actions brought under the Securities Act of 1933, and highlighted how two New York state court judges have reached opposite conclusions on this question. In the article, Craig also noted that both the language and the purpose of the PSLRA’s discovery stay demonstrate that it reaches state court actions as well as federal court actions.
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