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Daily Archives: Saturday, December 1, 2018

Posted: December 1, 2018

Court Stays Lawsuit in Favor of Earlier-Filed Federal Class Action

On November 14, 2018, Justice Sherwood of the New York County Commercial Division issued a decision in Matter of Qudian Sequrities Litig., 2018 NY Slip Op. 32919(U), staying a lawsuit in favor of an earlier-filed federal class action, explaining: CPLR 3211(a)(4) provides that a case may be dismissed if there is another action pending between the… Read more »