"The Supreme Court's Decision In Knowles And Its Impact"

On March 19, 2013, the United States Supreme Court issued its unanimous opinion in The Standard Fire Insurance Co. v. Knowles, No. 11-1450, 568 U.S. ___ (2013) (“Knowles”).  In Knowles, the Court addresses whether a class-action plaintiff may remove his case from the scope of the Class Action Fairness Act of 2005 (“CAFA”) by stipulating, prior to class certification, that the class will not seek damages in excess of $5 million.

This Stroock Special Bulletin provides an insight to the case and the Court's response.