December 6, 2020

A motion to vacate a stay.

The Appellate Division unanimously reversed, on the law and the facts and in the exercise of discretion, the Order which denied plaintiffs' motion to vacate a previously imposed stay. There is no basis for a stay of this action pursuant to CPLR 2201, as the decision in the federal action will not determine all of the questions in this action.

Matter of Qudian Sec. Litig., NY Slip Op 07290 (1st Dep't December 3, 2020)

Here is the decision.