Department of Revenue of Kentucky v. Davis Overview Supreme Court decision upholds a state's exempting interest on its own bonds but taxing its residents on bonds issued by other states 7-2 decision, with multiple concurrences Justices Kennedy and Alito filed separate dissents Summary Davis filed a class action law suit against [more...]
Overview Supreme Court decision will make it more difficult for plaintiffs to bring class-action securities lawsuits 8-1 decision, with Justice Stevens dissenting Separate concurrences were filed by Justices Scalia and Alito Opinion resolves split among the Circuits on whether a court must consider competing inferences in determining whether a [more...]