"Principal Place of Business" Clarified for Diversity Cases | Practical Law

"Principal Place of Business" Clarified for Diversity Cases | Practical Law

An Article on Hertz Corp. v. Friend, 559 U.S. 77 (2010), in which the US Supreme Court held that a corporation's principal place of business for purposes of determining federal diversity jurisdiction is its "nerve center," which is the place where the corporation's high-level officers direct, control and coordinate the corporation's activities.

"Principal Place of Business" Clarified for Diversity Cases

Practical Law Article 9-501-8415 (Approx. 4 pages)

"Principal Place of Business" Clarified for Diversity Cases

by Lisa R. Eskow and Adam B. Banks, Weil, Gotshal & Manges LLP
Law stated as of 25 Mar 2010USA (National/Federal)
An Article on Hertz Corp. v. Friend, 559 U.S. 77 (2010), in which the US Supreme Court held that a corporation's principal place of business for purposes of determining federal diversity jurisdiction is its "nerve center," which is the place where the corporation's high-level officers direct, control and coordinate the corporation's activities.