CAMELOT EVENT DRIVEN FUND v. MORGAN STANLEY & CO. LLC

Index No. 654959/21. Appeal No. 958. Case No. 2023-03270.

221 A.D.3d 403 (2023)

199 N.Y.S.3d 459

2023 NY Slip Op 05534

Camelot Event Driven Fund, Respondent, v. Morgan Stanley & Co. LLC et al., Appellants, et al., Defendants.

Appellate Division of the Supreme Court of New York, First Department.

Decided November 2, 2023.


Attorney(s) appearing for the Case

Skadden, Arps, Slate, Meagher, & Flom LLP, New York (Scott D. Musoff of counsel), for Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC, appellants.

Simpson Thacher & Bartlett LLP, New York (Jonathan K. Youngwood of counsel), for J.P. Morgan Securities, LLC, Citigroup Global Markets Inc., Siebert Williams Shank & Co., LLC, RBC Capital Markets, LLC, U.S. Bancorp Investments, Inc., TD Securities (USA) LLC, SG Americas Securities, LLC, CastleOak Securities, L.P., Samuel A. Ramirez & Company, Inc., Academy Securities, Inc., R. Seelaus & Co., LLC, BNY Mellon Capital Markets, LLC, Intesa Sanpaolo S.P.A., and ICBC Standard Bank PLC, appellants.

Willkie Farr & Gallagher LLP, New York (Brady M. Sullivan of counsel), for SMBC Nikko Securities America, Inc., appellant.

Sidley Austin LLP, New York (Deborah Sands of counsel), for Wells Fargo Securities, LLC, appellant.

Bernstein Litowitz Berger & Grossmann LLP, New York (John Rizio-Hamilton of counsel), for respondent.

Concur—Oing, J.P., Moulton, González, Shulman, Rosado, JJ.


Order, Supreme Court, New York County (Andrew Borrok, J.), entered on or about June 13, 2023, which denied defendants' motions for a stay of discovery pursuant to the Private Securities Litigation Reform Act of 1995 (PSLRA) (15 USC § 77z-1[b][1]) and CPLR 2201 pending their appeals from an order, dated February 6, 2023, denying their motions to dismiss, unanimously affirmed, with costs.

As an initial matter, although raised for the first time on appeal, we may...

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