In re Edwards Lifesciences Corporation Derivative Litigation

Summary

The United States District Court for the Central District of California ordered the parties to show cause why a consolidated shareholder derivative action concerning Edwards Lifesciences Corporation should not be stayed. The proposed stay would remain in effect pending resolution of a related securities class action because of substantial overlap and the need to promote judicial efficiency.

Holdings

1. A federal district court has inherent authority to stay proceedings as an incident of its power to control the disposition of cases on its docket, including to promote judicial economy and avoid duplicative efforts; the court ordered the parties to show cause why that authority should not be exercised here.

Questions Presented

1. Whether the consolidated shareholder derivative action should be stayed pending resolution of the related securities class action because of substantial overlap and the need to promote judicial efficiency and avoid duplicative efforts.

Disposition

other