Opinion
No. 77437
09-16-2019
PATRICK MARTZ, AN INDIVIDUAL; HERBERT SILVERBERG, AN INDIVIDUAL; YOUNGHO CHUN, AN INDIVIDUAL; AND DENNIS PALKON, AN INDIVIDUAL, Petitioners, v. THE EIGHTH JUDICIAL DISTRICT COURT OF THE STATE OF NEVADA, IN AND FOR THE COUNTY OF CLARK; AND THE HONORABLE MARK R. DENTON, DISTRICT JUDGE, Respondents, and SWITCH, INC.; ROB ROY; GABRIEL NACHT; ZAREH SARRAFIAN; DONALD SNYDER; TOM THOMAS; BRYAN WOLF; GOLDMAN SACHS & CO. LLC; J.P. MORGAN SECURITIES LLC; BMO CAPITAL MARKETS CORP.; WELLS FARGO SECURITIES, LLC; CITIGROUP GLOBAL MARKETS INC.; CREDIT SUISSE SECURITIES; JEFFERIES LLC; BTIG, LLC; RAYMOND JAMES & ASSOCIATES, INC.; STIFEL, NICOLAUIS & COMPANY, INC.; AND WILLIAM BLAIR & COMPANY, L.L.C., Real Parties in Interest.
ORDER DENYING PETITION
This original petition for a writ of mandamus or prohibition challenges a district court order granting a motion for a stay of the proceedings in a putative class action suit in deference to a putative class action suit filed in federal court asserting the same Securities Act violations against the real parties in interest. Having reviewed the parties' pleadings and heard oral argument in this matter, we conclude that petitioners have not demonstrated that the district court manifestly abused its discretion such that this court's intervention is warranted. See NRS 34.160; NRS 34.320; State v. Eighth Judicial Dist. Court (Armstrong), 127 Nev. 927, 931-32, 267 P.3d 777, 780 (2011) (defining an arbitrary and capricious exercise of discretion as a decision contrary to the evidence or established rules of law and a manifest abuse of discretion as a clearly erroneous interpretation of law or a clearly erroneous application of a law or rule); Smith v. Eighth Judicial Dist Court, 107 Nev. 674, 677, 818 P.2d 849, 851 (1991) (recognizing that the issuance of a writ of mandamus or prohibition is purely discretionary with this court). Accordingly we
ORDER the petition DENIED.
/s/_________, J.
Pickering /s/_________, J.
Parraguirre /s/_________, J.
Cadish cc: Hon. Mark R. Denton, District Judge
Robbins Geller Rudman & Dowd, LLP
Robbins Arroyo LLP
O'Mara Law Firm, P.C.
Johnson Fitsel, LLP
Abraham, Fruchter & Twersky, LLP
RM Law, P.C.
Levi & Korsinsky LLP
Marquis Aurbach Coffing
Latham & Watkins LLP/Orange County
Pisanelli Bice, PLLC
Greenberg Traurig, LLP/Las Vegas
Greenberg Traurig LLP/Los Angeles
Latham & Watkins LLP/Century City
Latham & Watkins LLP/Washington DC
Eighth District Court Clerk