In Re PG&E Corporation Securities Litigation

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN JOSE DIVISION 8 IN RE PG&E CORPORATION Case No. 5:18-cv-03509-EJD

SECURITIES LITIGATION ORDER DENYING MOTION TO

ENFORCE PSLRA STAY

11 Re: ECF Nos. 294, 297

Federal securities cases typically follow the well-traveled procedural path laid out by the Private Securities Litigation Reform Act (PSLRA). A case begins when the first plaintiff files a complaint, usually followed by several other plaintiffs filing similar complaints. In order to manage this multitude of suits, the courts will then consolidate every suit into a single case before appointing a lead plaintiff to oversee that consolidated case. The lead plaintiff subsequently conducts further investigation before filing an amended complaint. And almost inevitably, a motion to dismiss follows. This motion automatically stays all discovery under the PSRLA. 15 U.S.C. § 78u-4(b)(3)(B). Only if the amended complaint ultimately survives the motion to …