Civil Procedure – Diversity; Foreign Corporation 

Posted: 1:00 am Mon, May 31, 2010
By Minnesota Lawyer
Tags: Civil Procedure

Where plaintiffs are incorporated in the British Virgin Islands and have their principal place of business in Connecticut; and plaintiffs have sued investment fund managers and an outside auditor with citizenship in Minnesota, Delaware and Bermuda; the court concludes that it cannot exercise diversity jurisdiction under 28 U.S.C. 1332(a)(3), which confers jurisdiction where a dispute ...