High Court Will Consider Enforcement Of Discovery Stay In State Court Securities Suit

Mealey's (July 2, 2021, 12:00 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on July 2 granted a petition for certiorari filed by Dell Technologies Inc., a subsidiary and other parties that were sued for securities violations related to the subsidiary’s initial public offering (IPO), in which they asked the 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 found....