Oral arguments in court jurisdiction case set for March 17-20
Oral arguments for a case involving access to federal courts via diversity jurisdiction have been set for between March 17 and 20. CUNA filed an amicus brief in May in Navy FCU v. LTD Financial Services et al, noting to the U.S. Court of Appeals for the Fourth District that the diversity jurisdiction is one of the two methods for a federal court to have jurisdiction.
The suit stems from a decision from the U.S. District Court for the Eastern District of Virginia that found Section 1332 of the U.S. Code is the sole source of diversity jurisdiction and that Section 1332 does not apply to federally chartered corporations.
CUNA’s brief says that by foreclosing the ability for federal credit unions to invoke diversity jurisdiction, the court has failed to give effect to Congressional intent to treat federal and state credit unions alike in all material respects.