The Class Action Fairness Act of 2005 substantially expands federal diversity jurisdiction over multistate class actions, including those filed by holders of oil and gas royalty interests.
The act accomplishes this by 1.) relaxing the diversity standard for the removal of specified class actions and 2.) aggregating plaintiffs’ monetary claims so as to meet the special amount-in-controversy requirement that is part of CAFA’s removal provisions. CAFA also provides for discretionary and mandatory denial of federal jurisdiction in specified circumstances, some of which may commonly arise in the oil and gas context.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]