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Corp. Gov. & Securities Cases |  | | April 08-14, 2011 FindLaw.com Weekly Corp. Gov. & Securities Newsletter | | You may forward this e-mail in its entirety.
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Corp. Gov. & Securities Cases United States Second Circuit, 04/08/2011
In Re: Parmalat Securities Litigation, No. 09-4302
In consolidated cases arising from the financial collapse of Parmalat Finanziaria, judgment of the district court denying motions for remand and abstention is affirmed in part and vacated in part where cases were properly removed, but court applied the wrong standard for determining timely adjudication for the purposes of 28 U.S.C. section 1334(c)(2). Read more... United States Fourth Circuit, 04/13/2011
Central W. Virginia Energy Co. v. Mountain State Carbon, No. 10-1486
In a dispute over the scope of federal diversity jurisdiction as applied to corporations and involving an action for breach of contract, dismissal by district court on the ground that adverse parties were not diverse, is reversed where seven of eight officers of defendant substantially operated from a single forum making the forum the principal place of business of defendant such that dismissal was erroneous under Hertz Corp. v. Friend. Read more...
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