Rolwing v. Holdings, Inc.

After a merger between Nestle and Ralston Purina, plaintiff, a book-entry shareholder, filed this putative class action in Missouri state court on behalf of himself and all other Ralston Purina book-entry shareholders at the time of the execution of the merger agreement. Plaintiff claimed that Nestle was required to pay the class on a certain date, Nestle's payment was delinquent, and therefore the class was entitled to interest on the payment. Nestle subsequently appealed the district court's order remanding the putative class action to the state courts of Missouri. Because at the time the case was removed it did not meet the amount in controversy requirements for federal subject matter jurisdiction under the Class Action Fairness Act of 2005 (CAFA), 28 U.S.C. 1332(d), 1453, 1711-15, the court affirmed the order of the district court.