Quantlab Financial, LLC v. Tower Research Capital, LLC

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that citizenship of a limited liability company “depends on the citizenship of all its members”
• “[A] rule that requires a court to analyze the functions and powers of a trustee in order to determine whether that trustee’s citizenship should be considered for purposes of diversity jurisdiction would place a ‘great and unnecessary burden’ on the litigants and the court.”
• “Navarro . . . did not . . . directly address the issue of how to analyze the citizenship of a trust; [it] analyzed whether the plaintiffs . . . qualified as ‘real parties to the controversy’ whose citizenship alone was determinative for diversity jurisdiction purposes.”

Source: CourtListener parenthetical corpus (CC0).