The United States Court of Appeals for the Second Circuit in the Southern District of New York. Photo: Ryland West/ALM Expanding the Scope of 'Securities-Related' Exception to the Class Action Fairness Act
In 'Krasner', the Second Circuit considered whether the securities-related exception to the federal jurisdiction conferred by CAFA prohibited removal to federal court of a class action alleging aiding and abetting the breach of fiduciary duties and tortious interference claims. This decision is another instance where the circuit has adopted an expansive interpretation of the exception.
November 21, 2023 at 10:00 AM
7 minute read
Civil Appeals
In Krasner v. Cedar Realty Trust, et al., — F.4th –, 2023 WL 7517017 (2d Cir. Nov. 14, 2023), the U.S. Court of Appeals for the Second Circuit considered whether the securities-related exception to the federal jurisdiction conferred by the Class Action Fairness Act (CAFA) prohibited removal to federal court of a class action alleging aiding and abetting the breach of fiduciary duties and tortious interference claims.
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