Replies to post #9615 on Gen 2 Technologies Inc (MNIZ)

[Jswink85]

Could be $75,001 or $10,000,000. Another good point, you're coming around. ;)

[MightyBull]

The $75,000 amount is a minimum threshold. It has no bearing on what the actual judgement amount is - other than it is above $75k.

I have seen this $75k amount defined in other cases on Pacer Monitor where the judgement ended up being for much more. I did some homework on this topic a few weeks ago.

This article explains it some ...

https://litigation.findlaw.com/filing-a-lawsuit/federal-or-state-court-subject-matter-jurisdiction.html

Federal courts also have subject matter jurisdiction over cases in which the parties to the lawsuit are citizens of different states, either foreign or domestic, and there is greater than $75,000 at stake in the lawsuit.