CAFA: Seventh Circuit’s Interpretation of the Home-State Controversy Exception

Case Background Plaintiffs, who are policyholder members of defendant Country Mutual, filed a class action in St. Clair County, Illinois (Sudholt v. Country Mutual Insurance Co. et al.), naming the insurance company and 46 directors and officers. They alleged that the insurer retained excess surplus of over $3.5 billion in profits resulting from premium revenues […]