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MATTER OF QUDIAN SEC. LITIG.

651804/18, 653047/18. Appeal No. 12537N. Case No. 2020-02421.

189 A.D.3d 449 (2020)

138 N.Y.S.3d 1

2020 NY Slip Op 07290

In the Matter of Qudian Securities Litigation. Panther Partners Inc. et al., Appellants, v. Qudian Inc. et al., Respondents, et al., Defendants.

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

Decided December 3, 2020.

Attorney(s) appearing for the Case

Robbins Geller Rudman & Dowd LLP, Melville ( Joseph Russello of counsel), for appellants.

Simpson Thacher & Bartlett LLP, New York ( Stephen P. Blake of counsel), for Qudian Inc., respondent.

O'Melveny & Myers LLP, New York ( Jonathan Rosenberg of counsel), for Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and UBS Securities LLC, respondents.

Concur—Renwick, J.P., Manzanet-Daniels, Mazzarelli, Singh, Scarpulla, JJ.

There is no basis for a stay of this action pursuant to CPLR 2201 since the decision in the federal action will not determine all of the questions in this action (see e.g. Otto v Otto, 110 A.D.3d 620, 621 [1st Dept 2013]). After the decision in In re Qudian Inc. Sec. Litig. (2019 WL 4735376, 2019 US Dist LEXIS 167072 [SD NY, Sept. 27, 2019, No. 17-CV-9741 (JMF)]), the only...

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