MLchartDataset catalogue

Class Action Fairness Act of 2005 (CAFA)

Term · Insurance and risk management · MLC-T-INS-000777

A United States federal law that expanded federal court jurisdiction over class action lawsuits. It allows defendants to remove certain class actions from state to federal court if the amount in controversy exceeds $5 million and there is minimal diversity of citizenship among the parties. This act aimed to prevent perceived abuses in state court class action litigation.

Table 1. Record
IdentifierMLC-T-INS-000777
FieldInsurance and risk management
AbbreviationCAFA
Record as JSON 
{
  "id": "MLC-T-INS-000777",
  "term": "Class Action Fairness Act of 2005 (CAFA)",
  "field": "Insurance and risk management",
  "definition": "A United States federal law that expanded federal court jurisdiction over class action lawsuits. It allows defendants to remove certain class actions from state to federal court if the amount in controversy exceeds $5 million and there is minimal diversity of citizenship among the parties. This act aimed to prevent perceived abuses in state court class action litigation.",
  "abbreviation": "CAFA",
  "url": "https://mlchart.com/terminology/insurance/class-action-fairness-act-of-2005-cafa/"
}

Record 554 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.