Conn. Court Throws Lifeline To Discovery Stays Post-Cyan
By Rachel Graf (May 21, 2019, 7:33 PM EDT) -- Following a U.S. Supreme Court decision that state courts can hear public offering disputes, a Connecticut court has ruled that defendants can win the same discovery stays pending dismissal bids that they are entitled to in federal courts, a decision that could prove influential because of its thoroughness.
Discovery stays became the subject of debate after the high court's Cyan ruling last year. The justices held that state courts could continue to hear certain securities class actions brought under federal law, stoking concerns among defense attorneys that they wouldn't have access in state court to protections that are guaranteed in federal...
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