Dorothy Hooks brought a class action suit against Associated Financial Services, Inc. and others for breach of contract, fraud, and conspiracy. In her complaint, Hooks stipulated for the members of the class that the plaintiffs would waive both the right to recover more than $49,000 in damages and any right to recover punitive damages. The defendant nevertheless sought removal predicated on diversity of citizenship jurisdiction. Should the U.S. District Court grant the plaintiff’s petition to remand this case back to the state courts?