Amnex

Amnex


Abstention Defendants moved this Court to stay or dismiss the first and second causes of action in the Amended Complaint pursuant to the abstention doctrine set forth in Colorado River Water Conservation Dist. Nevertheless, despite having learned by October that its revenues from CNSI's Mexican operations were substantially less than expected, and having read by October the List detailing CNSI customers that were allegedly lost before the date of the merger, AMNEX did not file its Complaint until almost seventeen months later in March Thus, the first factor weighs in favor of the exercise of jurisdiction in this case. United States District Court, S. Despite the strong presumption in favor of the exercise of federal jurisdiction, the Colorado River factors demonstrate that this is an exceptional case where the interests of "conservation of judicial resources and comprehensive disposition of litigation" militate in favor of abstention. A 10b-5 plaintiff that has actual knowledge of the essential facts cannot claim that benefit of the equitable tolling doctrine for the entire period of time it investigates.

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Amnex


Abstention Defendants moved this Court to stay or dismiss the first and second causes of action in the Amended Complaint pursuant to the abstention doctrine set forth in Colorado River Water Conservation Dist. Nevertheless, despite having learned by October that its revenues from CNSI's Mexican operations were substantially less than expected, and having read by October the List detailing CNSI customers that were allegedly lost before the date of the merger, AMNEX did not file its Complaint until almost seventeen months later in March Thus, the first factor weighs in favor of the exercise of jurisdiction in this case. United States District Court, S. Despite the strong presumption in favor of the exercise of federal jurisdiction, the Colorado River factors demonstrate that this is an exceptional case where the interests of "conservation of judicial resources and comprehensive disposition of litigation" militate in favor of abstention. A 10b-5 plaintiff that has actual knowledge of the essential facts cannot claim that benefit of the equitable tolling doctrine for the entire period of time it investigates.

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1 Replies to “Amnex”

  1. The Next we promised is here. A place where intelligence is intuitive, innovative and natural. Infinium is now Amnex_logo. Click here for our existing website.

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