United States Ninth Circuit
Rainero v. Archon Corp., 14-17106
In a class action suit brought on behalf of a class of preferred stock shareholders, the court affirmed where the district court’s dismissal is for (1) lack of subject matter jurisdiction when the Securities Litigation Uniform Standards Act does not provide an independent basis for federal question jurisdiction under 28 U.S.C. section 1331; (2) lack of diversity jurisdiction over the class action suit under 28 U.S.C. section 1332(d)(2); and (3) lack of diversity jurisdiction over plaintiff’s individual claim under 28 U.S.C. section 1332(a), and therefore lack of supplemental jurisdiction over the class members’ claims.
Appellate Information
- Decided
- Published 2016/12/21
Judges
- THOMAS
Court
- United States Ninth Circuit