Dell, Others Ask High Court To Enforce Discovery Stay In State Court Securities Suit

Mealey's (June 9, 2021, 8:36 AM EDT) -- WASHINGTON, D.C. — In a June 7 reply brief supporting their petition for certiorari, Dell Technologies Inc., a subsidiary and other parties that were sued for securities violations related to the subsidiary’s initial public offering (IPO) ask the U.S. Supreme Court to find that a discovery stay provision in the Private Securities Litigation Reform Act (Reform Act) applies to securities lawsuits filed in state courts and not just in federal courts, as California trial and appeals courts have found....