Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
In the May issue of PLLS, I identified a number of the many unanswered questions regarding CAFA's 'mass action' provisions, codified at 28 U.S.C. '1332(d)(11). See Rothman, 'CAFA: Finding a Method to the Madness of 'Mass Actions,” Product Liability Law & Strategy (May 2007) ('Mass Action Part I').
As that issue was going to press, the Eleventh U.S. Circuit Court of Appeals sought to 'unravel some of the mysteries of CAFA's cryptic text' with respect to the 'mass action' provisions ' which the court (generously) characterized as an 'opaque, baroque maze of interlocking cross-references that defy easy interpretation.' Lowery v. Alabama Power Co., __ F. 3d __, 2007 WL 1062769, at *1, *8 (11th Cir. Apr. 11, 2007), affirming Lowery v. Honeywell Int'l Inc., 460 F. Supp. 2d 1288 (N.D. Ala. 2006). (The district court decision is cited at page 6 of Mass Action Part I.) In affirming the grant of remand in an action arising from the alleged discharge of pollutants, the court of appeals set forth the jurisdictional framework for a 'mass action.' Specifically, the court identified four jurisdictional threshold prerequisites for a 'mass action' removal: 1) numerosity ' 100 or more plaintiffs; 2) diversity ' any plaintiff is a citizen of a state different from that of any defendant ('minimal diversity'); 3) commonality ' plaintiffs' claims share common questions of law or fact; and 4) amount in controversy ' the aggregate value of plaintiffs' claims exceeds $5 million. Lowery, 2007 WL 1062769, at *10.
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.