Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
In November 2008, as part of its ongoing study of the impact of the Class Action Fairness Act of 2005 (“CAFA”) upon federal courts, the Federal Judicial Center (“FJC”) published Preliminary Findings from Phase Two's Pre-CAFA Sample of Diversity Class Actions. That report studied 231 diversity jurisdiction class actions filed in or removed to federal court in the two years prior to Feb. 18, 2005, CAFA's effective date.
The report concluded that diversity jurisdiction class actions often involved little litigation activity. Plaintiffs filed motions to certify a class in less than 25% of the 231 cases. In 56% of the cases, one or zero motions were filed. Of the cases removed to federal court, more than half were remanded back to state court. Of those cases not remanded, the most frequent disposition was a voluntary dismissal, which occurred in 38% of the cases not remanded. The study reports “that many of the class actions filed or removed in the two years prior to CAFA's effective date did not have a large impact on the resources of the federal courts.” Emery G. Lee and Thomas E. Willging, Preliminary Findings from Phase Two's Pre-CAFA Sample of Diversity Class Actions, p. 7 (Federal Judicial Center 2008), available at http://www.fjc.gov/public/pdf.nsf/lookup/cafa1108.pdf/$file/cafa1108.pdf (last visited Sept. 3, 2009).
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.