Discovery Stay To Remain Intact In Zero-Emissions Auto Maker Investor Suit

Mealey's (April 28, 2022, 2:17 PM EDT) -- PHOENIX — The lead plaintiff in a securities class action against a zero-emissions automobile manufacturer and others stemming from the defendants’ alleged misrepresentation of the financial health and prospects of the company will not be unduly prejudiced if a Private Securities Litigation Reform Act (PSLRA) discovery stay is not lifted because the lead plaintiff has failed to show that it will not be able to obtain the information it seeks within due time, a federal judge in Arizona ruled April 21 in denying the lead plaintiff’s motion....