Judge Refuses To Lift Stay In Securities Suit

Law360, New York (July 23, 2007, 12:00 AM EDT) -- A judge has decided not to lift the stay in a securities suit filed against Aspen Technology Inc., denying the plaintiffs’ request to access documents provided by the company to regulators before the court rules on the defendants’ motions to dismiss.

Judge John F. Keenan of the U.S. District Court for the Southern District of New York ruled on Wednesday that the plaintiffs, former employees and shareholders of AspenTech, failed to show that a stay in the case would “cause them to suffer undue prejudice,” and...
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