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Phan VM Holdings, LLC v. Evanston Insurance Co.

Court: SD Tx  09/10/2019  Court Grants Insured's Motion to Remand Based on Binding Stipulation of Damages

The court determined that the insured's stipulation not to seek or accept more than $75,000 established as a matter of law that the amount in controversy requirement was not met and, therefore, jurisdiction did not exist.

commercial property insurance, diversity jurisdiction, remand, amount in controversy, stipulation

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