IN RE ENOVIX CORPORATION SECURITIES LITIGATION

N.D. California

IN RE ENOVIX CORPORATION SECURITIES LITIGATION

DecidedJuly 8, 2025

Docket3:23-cv-00071

StatusUnknown

This text of IN RE ENOVIX CORPORATION SECURITIES LITIGATION (IN RE ENOVIX CORPORATION SECURITIES LITIGATION) is published on Counsel Stack Legal Research, covering District Court, N.D. California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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IN RE ENOVIX CORPORATION SECURITIES LITIGATION, (N.D. Cal. 2025).

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1 2 3 4 UNITED STATES DISTRICT COURT 5 NORTHERN DISTRICT OF CALIFORNIA 6 7 IN RE: ENOVIX CORP. SECURITIES Case No. 23-cv-00071-SI 8 LITIGATION 9 ORDER RE: DISCOVERY STAY 0 Re: Dkt. Nos. 178, 180

11 12 5 13 The Court has reviewed the letters from the parties, Dkt. Nos. 178 and 180, and the relevant S 14 || law. See 15 U.S.C. § 78u-4(b)(3)(B). This order hereby notifies the parties that discovery remains 3 15 || open during the pendency of defendants’ motion for partial judgment on the pleadings. Following a 16 || two rounds of motions to dismiss, the Court has already “sustained the legal sufficiency” of at least

= 17 some of the operative complaint. See Powers v. Eichen, 961 F. Supp. 233, 236 (S.D. Cal. 1997) 18 || (recounting legislative history of Private Securities Litigation Reform Act). And because defendants 19 || have moved for partial judgment on the pleadings, some portion of this case will move forward 20 || regardless. In these circumstances, the Court agrees with plaintiffs that the PSLRA’s automatic 21 || discovery stay does not apply. See In re Facebook, Inc. Secs. Litig., No. 18-cv-01725-EJD, at *1-2 22 || (N.D. Cal. Feb. 19, 2025) (after multiple motions to dismiss and a complaint sustained on appeal, 23 || ordering that discovery proceed in parallel with any future motion for judgment on the pleadings, 24 || notwithstanding the PSLRA’s automatic discovery stay). 25 IT IS SO ORDERED. 26 || Dated: July 8, 2025 Site WU tee 27 SUSAN ILLSTON 28 United States District Judge

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1 2 3 4 UNITED STATES DISTRICT COURT 5 NORTHERN DISTRICT OF CALIFORNIA 6 7 IN RE: ENOVIX CORP. SECURITIES Case No. 23-cv-00071-SI 8 LITIGATION 9 ORDER RE: DISCOVERY STAY 0 Re: Dkt. Nos. 178, 180

11 12 5 13 The Court has reviewed the letters from the parties, Dkt. Nos. 178 and 180, and the relevant S 14 || law. See 15 U.S.C. § 78u-4(b)(3)(B). This order hereby notifies the parties that discovery remains 3 15 || open during the pendency of defendants’ motion for partial judgment on the pleadings. Following a 16 || two rounds of motions to dismiss, the Court has already “sustained the legal sufficiency” of at least

= 17 some of the operative complaint. See Powers v. Eichen, 961 F. Supp. 233, 236 (S.D. Cal. 1997) 18 || (recounting legislative history of Private Securities Litigation Reform Act). And because defendants 19 || have moved for partial judgment on the pleadings, some portion of this case will move forward 20 || regardless. In these circumstances, the Court agrees with plaintiffs that the PSLRA’s automatic 21 || discovery stay does not apply. See In re Facebook, Inc. Secs. Litig., No. 18-cv-01725-EJD, at *1-2 22 || (N.D. Cal. Feb. 19, 2025) (after multiple motions to dismiss and a complaint sustained on appeal, 23 || ordering that discovery proceed in parallel with any future motion for judgment on the pleadings, 24 || notwithstanding the PSLRA’s automatic discovery stay). 25 IT IS SO ORDERED. 26 || Dated: July 8, 2025 Site WU tee 27 SUSAN ILLSTON 28 United States District Judge

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