LLCs Are Citizens Of Main Business State: 4th Circ.

Law360, New York (January 11, 2010, 5:54 PM EST) -- When determining jurisdiction for a class action, limited liability corporations count as citizens of the state where they primarily do business, not merely where they are organized or where their members are citizens, a federal appeals court has ruled in a putative class action against a group of South Carolina payday lenders.

For purposes of determining subject matter jurisdiction under the Class Action Fairness Act of 2005, an LLC is an unincorporated association and therefore is a citizen of the state under whose laws it is...
To view the full article, register now.