Modernizing Delivery Requirements Under the Federal Securities Laws (SIFMA and SIFMA AMG)
SIFMA and SIFMA AMG provided comments to the U.S. Securities and Exchange Commission (SEC) requesting that the SEC take necessary steps…
Court:
U.S. Supreme Court
Amicus Issue:
Whether the PSLRA’s automatic discovery-stay provision – which stays all discovery in “any private action arising under [the Securities Act]” until a trial court has denied a motion to dismiss, 15 U.S.C. § 77z-1(b)(1) – applies in state court.
Counsel of Record:
Hogan Lovells US LLP
William M. Regan
Allison M. Wuertz
Other Amici:
None.
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