2nd Circ. Case Highlights CAFA Home State Exception Trend

Law360, New York (February 26, 2014, 5:53 PM EST) -- On Sept. 18, 2013, the United States Court of Appeals for the Second Circuit affirmed a district court ruling dismissing a putative class action under the Class Action Fairness Act’s home state exception, even though the defendant did not raise the exception until three years after the complaint was filed.

Specifically, a unanimous Second Circuit panel in Gold v. New York Life Insurance Co., 730 F.3d 137 (2nd Cir. 2013) held that: (1) CAFA’s home state exception is not jurisdictional and must be raised within a reasonable...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.