Hill v. Marston

RONEY, Senior Circuit Judge:

Plaintiffs appeal the district court’s denial of their motion for remand to state court, alleging a lack of federal subject matter jurisdiction. We reverse, holding that the federal court had no jurisdiction to entertain this civil lawsuit brought under Aabama state securities law, even though the case may involve some interpretation of related federal securities law.

This case involves the sale of shares of stock issued by Cooper & Greiler Diversified Companies, Inc. Plaintiffs David Hill, Mail-on Kent, Jr., Ronald C. McCoy, Peggy S. McCoy, James A Sparacio, Glenda…