New York Action definition
Examples of New York Action in a sentence
If Subrecipient is a UGLG, it shall have a written and adopted Citizen Participation Plan that complies with the requirements set forth in the State of New York Action Plan for Community Development Block Grant Program Disaster Recovery, dated April 2013, as amended (“Action Plan”).
In response, plaintiffs argue that this Court should refuse to grant a stay because the complaint in the New York Action contains meager Caremark allegations compared to the Complaint in this action.
Defendants seek a stay of this action in favor of the New York Action.
The parties agree that the New York Action was first commenced on November 6, 2007.
According to plaintiffs, the claims in the New York Action are primarily for securities fraud and insider trading and set forth demand futility allegations based on defendants’ misrepresentations, omissions, and insider sales.While the authority of one Court to grant complete relief may be a relevant consideration under the pendency of similar actions prong of the forum non conveniens analysis, it is not outcome determinative.
Plaintiffs assert that this action was first commenced on November 7, 2007—meaning it was filed the day after the New York Action.
The essence of defendants’ argument in favor of the stay is that the Court in the New York Action is capable of hearing all the claims and that it would be more expedient and convenient to litigate in New York rather than Delaware.24 Such considerations, however, without more, are not sufficient to entitle defendants to a stay on forum non conveniens grounds.III.
Those same policy justifications apply when the Court is considering a motion to stay on grounds of forum non conveniens that would have the same practical effect as dismissal.B. Forum Non Conveniens Analysis Although there may be some overlap with the New York Action, defendants have failed to meet their burden of showing hardship that would entitle them to a stay or dismissal in favor of the New York Action.17 First, Delaware law applies to this action.
Among other things, Gust was forced to prepare invalidity contentions, to hire a firm to perform prior art searches to assist in that process, and to prepare and brief claim construction.Nor can AlphaCap reasonably complain that Gust moved to transfer venue to its home district or that it filed the New York Action.
On August 9, 2019, the Court stayed the New York Action pending a scheduled mediation between the Settling Parties.