Class Action Lawyers React To Supreme Court's CAFA Ruling
Law360, New York (March 19, 2013, 9:25 PM EDT) -- The U.S. Supreme Court on Tuesday ruled in Standard Fire Ins. Co. v. Knowles that plaintiffs bringing class actions cannot avoid federal jurisdiction by vowing to seek less than $5 million in damages — a threshold set by the Class Action Fairness Act. Here, class action attorneys tell Law360 why the unanimous decision is important.
David N. Anthony, Troutman Sanders LLP
"This is a significant win for defendants as plaintiffs have attempted to avoid federal jurisdiction of class actions by the singular expedient of demanding damages...