If the Parties to a Case Are from Different States

question 88

True/False

If the parties to a case are from different states, there is more than $75,000 in dispute, and federal law is involved, the case may be heard in either federal or state court.

---

Definitions:

Classes Of Common Shares

Different categories of common stock that a corporation may issue, each with specific rights, privileges, and benefits that may vary from other classes.

Unequal Voting Rights

A scenario in corporate governance where different classes of shares are allocated different numbers of votes per share.

Class Action

A legal procedure that allows many individuals with similar grievances to sue a defendant as a group.

Shareholder

An individual or institution that owns one or more shares of stock in a public or private corporation, giving them a right to a portion of the company's profits and a degree of control over its governance.