United States Sixth Circuit

In a class action dispute seeking recompense for the diminution in value of company stock, the district court erred in denying plaintiff's motion to remand to state court since the complaint raised only state-law issues involving the legitimacy of business decisions made by defendants.

Appellate Information

• Decided 10/03/2005
• Published 10/03/2005

Judges

• Before:  BOGGS, Chief Judge;  GUY and DAUGHTREY, Circuit Judges.

Court

• United States Sixth Circuit

Counsel

• For Appellees:
  
• ARGUED:  Robert A. Steinberg, Waite, Schneider, Bayless & Chesley, Cincinnati, Ohio, for Appellants.  Robert E. Zimet, Skadden, Arps, Slate, Meagher & Flom, LLP, New York, New York, for Appellees.   ON BRIEF:  Robert A. Steinberg, Waite, Schneider, Bayless & Chesley, Cincinnati, Ohio, Richard S. Wayne, Strauss & Troy, Cincinnati, Ohio, for Appellants.  Robert E. Zimet, Susan L. Saltzstein, Skadden, Arps, Slate, Meagher & Flom, LLP, New York, New York, for Appellees.