FEDERAL PROCEDURE-JURISDICTION-DETERMINATION OF AMOUNT IN CONTROVERSY IN CLASS ACTIONS UNDER FEDERAL RULE 23

Authors

James W. Callison, University of Michigan Law SchoolFollow

Abstract

Plaintiff owned 50 shares of common stock valued at $950. She brought an action in behalf of herself and all other stockholders to enjoin a sale of unissued stock by the corporation to its president, claiming a violation of her preemptive right. The district court ruled on the merits. On appeal, held, the plaintiff's interest was but a small fraction of the $3,000 required to invoke the jurisdiction of the federal courts. Although the action was representative, the claims of other stockholders in a like situation could not be cumulated. Ames v. Mengel Co., (2d Cir. 1951) 190 F. (2d) 344.

Recommended Citation

James W. Callison, FEDERAL PROCEDURE-JURISDICTION-DETERMINATION OF AMOUNT IN CONTROVERSY IN CLASS ACTIONS UNDER FEDERAL RULE 23, 50 Mich. L. Rev. 612 (1952).
Available at: https://repository.law.umich.edu/mlr/vol50/iss4/15