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 less than $5 million in their class complaints. The decision vindicates Congress' intent to promote...

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