High court resolves jurisdictional issue in class action cases

03/21/2013 | Wall Street Journal, The

In a unanimous decision, the Supreme Court sided with businesses in a dispute over class action lawsuits. The case was related to the Class Action Fairness Act, which stipulates that federal courts have jurisdiction in class action cases when the amount at issue exceeds $5 million. The lead plaintiff in an Arkansas insurance case promised that a lawsuit would not seek money in excess of that threshold. But the Supreme Court determined the plaintiff was unable to make a binding promise to that effect on behalf of other plaintiffs.

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