Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
In November 2008, as part of its ongoing study of the impact of the Class Action Fairness Act of 2005 (“CAFA”) upon federal courts, the Federal Judicial Center (“FJC”) published Preliminary Findings from Phase Two's Pre-CAFA Sample of Diversity Class Actions. That report studied 231 diversity jurisdiction class actions filed in or removed to federal court in the two years prior to Feb. 18, 2005, CAFA's effective date.
The report concluded that diversity jurisdiction class actions often involved little litigation activity. Plaintiffs filed motions to certify a class in less than 25% of the 231 cases. In 56% of the cases, one or zero motions were filed. Of the cases removed to federal court, more than half were remanded back to state court. Of those cases not remanded, the most frequent disposition was a voluntary dismissal, which occurred in 38% of the cases not remanded. The study reports “that many of the class actions filed or removed in the two years prior to CAFA's effective date did not have a large impact on the resources of the federal courts.” Emery G. Lee and Thomas E. Willging, Preliminary Findings from Phase Two's Pre-CAFA Sample of Diversity Class Actions, p. 7 (Federal Judicial Center 2008), available at http://www.fjc.gov/public/pdf.nsf/lookup/cafa1108.pdf/$file/cafa1108.pdf (last visited Sept. 3, 2009).
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 Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?