The PSLRA Discovery Stay: Why the Pleading Stage Decides Securities Cases
By Thomas Przybylowski, Securities Litigation Attorney At a Glance The PSLRA’s automatic discovery stay halts nearly all discovery while a motion to dismiss is pending, making the pleadings — not discovery — the decisive stage in securities fraud litigation. The stay isn’t purely defense-friendly: it also blocks plaintiffs from getting the internal documents defendants often […]
SEC and Crypto Regulation: What Companies Need to Know
By Thomas Przybylowski, Securities & Litigation Attorney At a Glance On March 17, 2026, the SEC and CFTC issued a joint interpretive release clarifying how federal securities laws apply to crypto assets. The new framework sorts crypto assets into five categories, with only digital securities treated as securities outright. SEC v. W.J. Howey Co. remains […]
How AI Is Changing the Game in Modern Litigation
Thomas Przybylowski — June 9, 2026 The courtroom is the last place you’d expect a tech revolution: judges still wear robes; lawyers still cite cases from the nineteenth century; oral argument still looks, for the most part, exactly as it did a hundred years ago. Litigation is one of the most tradition-bound professions in existence, a […]
What Institutional Investors Look for in Securities Litigation Counsel
Institutional investors do not hire securities litigation counsel for a press release. They hire counsel to manage risk, recover value where appropriate, and navigate complex litigation without surprises. Having represented institutional and retail investors in securities fraud class actions, I have seen what tends to matter most from the institutional side. It is less about […]
Navigating Complex Securities Fraud Class Actions: An Attorney’s Perspective
Securities fraud class actions present unique procedural and strategic challenges for both plaintiffs and defendants. In recent years, federal courts have tightened the pleading standards required to survive a motion to dismiss, requiring litigants to plead falsity and scienter with particularity under the Private Securities Litigation Reform Act (PSLRA). Understanding how to navigate these requirements […]