MICA
Medical Imaging Centers of America, Inc. v. Lichtenstein
Opinion
Opinion
Brewster, J.
ORDER AFFIRMING THE MAGISTRATE JUDGE’S ORDER STAYING DISCOVERY BY PLAINTIFF/APPELLANT PENDING RESOLUTION OF DEFENDANTS’/APPELLEES’ MOTION TO DISMISS
On February 7, 1996, this Court held a hearing in the above-captioned matter con sidering Plaintiffs Objection to Magistrate Judge Anthony J. Battaglia’s ruling of January 19, 1996, which denied Plaintiffs Motion for Expedited Discovery and granted Defendants’ Motion for a Stay of Discovery. Peter H. Benzian, Esq. and James W. Baker, Esq. appeared on behalf of PlaintifiAppellant, Medical Imaging Centers of America (MICA). Donald G. Rez, Esq., Cynthia A. Fissel, Esq. and David E. Bamberger, Esq. appeared on behalf of the Defendants/Appel-lees, Warren F. Lichtenstein, et. al. Paul Gonson, Esq. appeared on behalf of the Securities and Exchange Commission, which has entered in this case as Amicus Curiae.
After due consideration of the parties’ briefs and arguments in this matter, the Court AFFIRMS the Magistrate Judge’s Order.
I. INTRODUCTION
On December 22, 1995, Congress passed the Private Securities Litigation Reform Act of 1995 (hereinafter “Reform Act”). This appeal presents a case of first impression interpreting a provision of…