SCOTUS Decides Standard Fire Insurance Co. v. Knowles

From BNA's Supreme Court Today:

Standard Fire Insurance Co. v. Knowles, No. 11-1450: A would-be class plaintiff's stipulation that he and the class he seeks to represent will not seek damages greater than $5 million total, which is the jurisdictional threshold for federal district courts to have original jurisdiction over class actions under the Class Action Fairness Act of 2005, does not remove the case from CAFA's scope. The plaintiff made the stipulation in an affidavit filed with the complaint, before class certification. The stipulation does not remove the case from CAFA coverage because it is not binding on class members the plaintiff seeks to represent.