After Lengthy Abeyance, Supreme Court Dismisses Securities Discovery Suit

Mealey's (February 24, 2023, 8:36 AM EST) -- WASHINGTON, D.C. — Almost a year and a half after placing a dispute over the discovery stay provision of the Private Securities Litigation Reform Act (Reform Act) in abeyance at the parties’ request, the U.S. Supreme Court granted the parties’ joint motion to dismiss the case, to which certiorari had initially been granted, in light of a recently approved $2.75 million settlement,...