Abeyance Sought In Supreme Court Cert-Granted Suit Over Securities Discovery Stay

Mealey's (September 1, 2021, 9:35 AM EDT) -- WASHINGTON, D.C. — Even though certiorari had been granted and merits briefing was already under way in a U.S. Supreme Court suit focusing on the proper application of the discovery stay provision in the Private Securities Litigation Reform Act (Reform Act), the parties on Aug. 27 filed a motion asking the high court to remove the case from its upcoming November argument slot and to hold the case in abeyance while they finalize and seek approval of a settlement that they just reached....