MR. JUSTICE POWELL delivered the opinion of the Court.
The question is whether the trustees of a business trust may invoke the diversity jurisdiction of the federal courts on the basis of their own citizenship, rather than that of the trust's beneficial shareholders.
I
The respondents are eight individual trustees of Fidelity Mortgage Investors, a business trust organized under Massachusetts law.
Welcome to the leading source of independent legal reporting
Let's get started
Sign on now to see your case.
Or view more than 10 million decisions and orders.