Vigdor et al v. Super Lucky Casino, Inc. et al
Filing
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ORDER by Judge Haywood S. Gilliam, Jr. DENYING 46 MOTION TO PARTIALLY LIFT DISCOVERY STAY.(ndrS, COURT STAFF) (Filed on 7/5/2017)
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UNITED STATES DISTRICT COURT
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NORTHERN DISTRICT OF CALIFORNIA
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DAN VIGDOR, et al.,
Plaintiffs,
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United States District Court
Northern District of California
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v.
Case No. 16-cv-05326-HSG
ORDER DENYING MOTION TO
PARTIALLY LIFT DISCOVERY STAY
Re: Dkt. No. 46
SUPER LUCKY CASINO, INC., et al.,
Defendants.
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Pending before the Court is Plaintiffs’ motion to partially lift the Private Securities
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Litigation Reform Act (“PSLRA”) discovery stay. Dkt. No. 46. The Court finds this matter
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appropriate for disposition without oral argument and the matter is deemed submitted. See N.D.
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Civ. L.R. 7–1(b).
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As both parties acknowledge, under the PSLRA, “all discovery and other proceedings shall
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be stayed during the pendency of any motion to dismiss, unless the court finds upon the motion of
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any party that particularized discovery is necessary to preserve evidence or to prevent undue
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prejudice to that party.” 15 U.S.C. § 78u-4(b)(3)(B); SG Cowen Sec. Corp. v. U.S. Dist. Court for
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N. Dist. of CA, 189 F.3d 909, 913 (9th Cir. 1999) (“[D]iscovery should be permitted in securities
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class actions only after the court has sustained the legal sufficiency of the complaint.”). Because
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Plaintiffs have not adequately demonstrated that the stay will result in the loss of evidence or other
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prejudice to Plaintiffs, the Court DENIES the motion.
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On June 29, 2017, Plaintiffs filed a notice that they intend to eliminate the Securities
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Exchange Act claim from their amended complaint. See Dkt. No. 56. Until Plaintiffs file the
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amended complaint, however, the discovery stay will remain in effect. After Plaintiffs file their
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amended complaint, the parties shall meet and confer regarding a proposed discovery schedule
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before the August 1, 2017 case management conference, and include the proposed schedule in
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their joint case management statement.
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IT IS SO ORDERED.
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Dated: July 5, 2017
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HAYWOOD S. GILLIAM, JR.
United States District Judge
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United States District Court
Northern District of California
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