Jurisdiction in Broker-Dealer Contract Disputes
No se pudo agregar al carrito
Add to Cart failed.
Error al Agregar a Lista de Deseos.
Error al eliminar de la lista de deseos.
Error al añadir a tu biblioteca
Error al seguir el podcast
Error al dejar de seguir el podcast
Jurisdiction in Broker-Dealer Contract Disputes
-
Narrado por:
-
De:
Acerca de esta escucha
This excerpt from a United States Court of Appeals for the Eleventh Circuit opinion addresses a breach-of-contract case between AST & Science LLC and Delclaux Partners SA. The core issue revolves around subject-matter jurisdiction, specifically whether the district court possessed federal-question jurisdiction after determining it lacked diversity jurisdiction. The appellate court reviews the application of the Grable test, a four-factor framework used to establish federal-question jurisdiction for state-law claims with embedded federal issues. Ultimately, the court concludes that the federal issue—whether Delclaux acted as an unregistered broker-dealer—is not "substantial" enough to warrant federal jurisdiction, leading to the vacation of the lower court's judgment and a remand for dismissal.