Law360, New York (August 31, 2012, 3:37 PM ET) -- The U.S. Supreme Court on Friday agreed to hear an appeal from The Standard Fire Insurance Co. arguing that a promise by a named plaintiff in a class action to seek less than the $5 million in damages required for federal jurisdiction should not be binding for other class members under the Class Action Fairness Act.
Granting the Travelers Cos. unit's petition for writ of certiorari, the high court will consider whether any stipulation attempting to limit damages below the federal threshold on behalf of an...
High Court Grants Review Of CAFA Dispute
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