Law360 (August 7, 2019, 8:17 PM EDT) -- A New York state judge on Tuesday halted discovery pending a decision about whether to dismiss allegations involving an initial public offering, the latest in a string of disparate rulings as state courts wrestle with an issue the U.S. Supreme Court introduced last year.
Discovery stays became the subject of debate after the high court’s Cyan ruling in March 2018. 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 court under the...
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