IN RE ENOVIX CORPORATION SECURITIES LITIGATION
- Susan Illston
- 3:23-cv-00071
- U.S. District Court · Northern District of California
- 1
Counsel of record per CourtListener. Firm names are approximate and have been consolidated across spelling variants.
In re: Enovix Corp. Securities Litigation, Judge Susan Illston kept discovery open because the automatic securities-law stay did not apply during defendants’ partial pleadings motion.
The parties in the Enovix securities litigation are affected because discovery remains open while defendants’ motion for partial judgment on the pleadings is pending.
What happened
In re: Enovix Corp. Securities Litigation involved whether discovery had to stop while defendants pursued a motion addressing part of the pleadings. The court considered letters from the parties and the relevant securities law.
The court ruled that discovery would remain open. It said the case had already survived two rounds of dismissal motions in part, and some portion of the case would proceed regardless of the pending motion. Therefore, the automatic discovery stay under the Private Securities Litigation Reform Act did not apply.
Judge Susan Illston entered the order on July 8, 2025. The ruling concerns the timing of discovery and does not decide the underlying securities claims.
The detailed version
- IN RE ENOVIX CORPORATION SECURITIES LITIGATION · No. 3:23-cv-00071
- Susan Illston
- July 8, 2025
Background
The court reviewed letters from the parties concerning a discovery stay while defendants’ motion for partial judgment on the pleadings was pending. The order cites the Private Securities Litigation Reform Act, which ordinarily provides for an automatic stay of discovery in covered securities-fraud actions during certain motions.
The court noted that, after two rounds of motions to dismiss, at least part of the operative complaint had been found legally sufficient. It also noted that defendants’ pending motion challenged only part of the pleadings, meaning that some portion of the case would proceed regardless.
Ruling
The court held that the Private Securities Litigation Reform Act’s automatic discovery stay did not apply in these circumstances. Discovery therefore remains open while defendants’ motion for partial judgment on the pleadings is pending. The order addresses discovery timing and does not resolve the underlying securities claims.
Disposition
The court entered the order notifying the parties that discovery remains open. The opinion does not state any separate ruling on defendants’ pending motion for partial judgment on the pleadings.
Read the full 1-page opinion on CourtListener, the free public archive maintained by the Free Law Project.