Public Records Requests Aren't Discovery: 7th Circ.

Law360, New York (December 1, 2010, 7:21 PM EST) -- A federal appeals court has struck down a stay in a putative securities class action against the city of Menasha, Wis., that allowed the city to withhold from American Bank large volumes of records related to a municipal power plant project, ruling that the stay ran afoul of public records and securities laws.

A three-judge panel of the U.S. Court of Appeals for the Seventh Circuit said in an opinion Monday that a lower court erred in granting the stay, saying American Bank was entitled to...
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