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MEDING v. RECEPTOPHARM, INC.

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.

MEMORANDUM DECISION AND ORDER REMANDING CASE

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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