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Interpleader Analysis
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Interpleader Analysis Components
1. Define Interpleader
2. Rule Interpleader
3. Statutory Interpleader
General Interpleader Definition
Device that allows party to join as Ds all persons who assert competing claims against an asset or "stake" possessed by the interpleading party
- as a means of avoiding multiple liability
Can be asserted as:
1. Independent Action
2. Counterclaim
Joinder of additional claimants to action permitted pursuant to 13(h)
Rule Interpleader Requirements
State Law Claims
1.
Compete Diversity
between interpleading party and interpleaded parties
- Amount in question asserted by interpleaded parties must be greater than $75k for each claim asserted
2.
PJ Must Be Established
over each party
- pursuant to minimal contacts test
3. F
ederal Venue Statute
Must be Satisfied
Statutory Interpleader Requirements
1.
Nationwide Service of Process
(SOP) over interpleaded parties
-
As long as claimant is citizen of US, there is PJ over that claimant in andy federal court
2.
Must be
Minimal Diversity
of citizenship among claimants to the state
- Not including party asserting the interpleader action
- IN OTHER WORDS -
at least one claimant must be citizen of different state from at least one other claimant not including the interpleading party.
Amount in Controversy
requirement is only
$500
Venue
exists in
any judicial district
where
any one claimant
resides.
Author
letzgostate
ID
29204
Card Set
Interpleader Analysis
Description
Interpleader Analysis
Updated
2010-08-07T04:00:15Z
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