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On July 2, 2021, the Supreme Court granted the petition for writ of certiorari in Pivotal Software v. Tran, a case with significant implications for litigation brought under the Securities Act of 1933. The issue in Pivotal Software is whether the provision in the Private Securities Litigation Reform Act of 1995 (PSLRA), which requires that “in any private action arising under” the Securities Act, “all discovery and other proceedings shall be stayed during the pendency of any motion to dismiss,” 1 applies to Securities Act cases brought in state court, and not just those in federal court. This issue has taken on greater significance since the Supreme Court’s decision in

New yorkUnited statesSupreme courtCyan incPivotal softwareCalifornia superior courtMeagher flomBeaver county employees retirement fundSecurities actPrivate securities litigation reform actCounty employees retirement fundSecurities litigation uniform standards actReform actபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்உச்ச நீதிமன்றம்