The US Supreme Court preserves the Class Action Fairness Act (Standard Fire / Knowles)

On March 19, 2013, the U.S. Supreme Court held in Standard Fire Ins. Co. v. Knowles that named plaintiffs in class actions could not, before class certification, avoid going to federal court by stipulating to a cap on damages. Although Standard Fire was not an antitrust case, the decision will uniquely impact antitrust class action cases because the removal of state law claims to federal court for coordinated proceedings in a single court is critical to an antitrust defendant’s ability to avoid duplicative damage awards and to reduce the notoriously high costs of antitrust discovery. Background The Court in Standard Fire considered the application of the Class Action Fairness Act of 2005 (CAFA). CAFA gives the federal courts jurisdiction over class action lawsuits in which there is

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Jeffrey A. LeVee, Paula W. Render, The US Supreme Court preserves the Class Action Fairness Act (Standard Fire / Knowles), 19 March 2013, e-Competitions Bulletin March 2013, Art. N° 66607

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