Plaintiffs' lawyers in proposed class actions cannot avoid federal courts by promising to seek less than $5 million in damages, according to a unanimous U.S. Supreme Court on Tuesday.
March 22, 2013 at 06:09 AM
1 minute read
Plaintiffs’ lawyers in proposed class actions cannot avoid federal courts by promising to seek less than $5 million in damages, according to a unanimous U.S. Supreme Court on Tuesday.
"Our reason is a simple one," wrote Justice Stephen Breyer in Standard Fire Insurance v. Knowles. "Stipulations must be binding."
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