No. CV-06-5092(BMC)(JO).

462 F.Supp.2d 348 (2006)

Patricia MEDING, Balallan Ltd., Capital Direct, LLC, and Marketview Financial Group, Inc., Plaintiffs, v. RECEPTOPHARM, INC. f/k/a Receptogen, Inc., Defendant.

United States District Court, E.D. New York.

November 13, 2006.

Attorney(s) appearing for the Case

David A., Schrader, Schrader & Schoenberg, LLP., New York, NY, for Plaintiffs.

Barry I. Levy, Shapiro, Beilly, Rosenberg, Albert & Fox LLP, New York, NY, for Defendant.


COGAN, District Judge.

The motion to remand that is presently before me requires interpretation of the word "interest," as used in 28 U.S.C. § 1332(a). That statute defines the federal courts' diversity jurisdiction as requiring that "the matter in controversy exceeds the sum of $75,000, exclusive of interest and costs." Defendant, which removed this action on various promissory notes from state court...

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