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IN RE INITIAL PUBLIC OFFERING SECURITIES LIT.

No. 21 MC 92(SAS).

236 F.Supp.2d 286 (2002)

In re: INITIAL PUBLIC OFFERING SECURITIES LITIGATION This Document Relates To: All Cases

United States District Court, S.D. New York.

May 20, 2002.

Attorney(s) appearing for the Case

Melvyn I. Weiss, Ariana J. Tadler, Milberg Weiss Bershad Hynes & Lerach LLP, Stanley Bernstein, Robert Berg, Bernstein Liebhard & Lifshitz, LLP, New York City, for Plaintiffs.

Gandolfo V. DiBlasi, Sullivan & Cromwell, New York City, for Defendants (Underwriters).

Jack C. Auspitz, Morrison & Foerster LLP, New York City, for Defendants (Issuers).

ORDER

SCHEINDLIN, District Judge.

The Private Securities Litigation Reform Act ("PSLRA") mandates that "all discovery and other proceedings shall be stayed during the pendency of any motion to dismiss [a complaint brought under the 1933 Securities Act or the 1934 Exchange Act], unless the court finds upon the motion of any party that particularized discovery is necessary to preserve evidence or...

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