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Bruce Wayne, a resident of New York, and Barry Allen, a resident of Illinois, each bought $85,000 in stock at local offices in their home
Bruce Wayne, a resident of New York, and Barry Allen, a resident of Illinois, each bought $85,000 in stock at local offices in their home states from LexCorp, Inc., a business incorporated in Delaware with its principal place of business in New York. Both Wayne and Allen believe that they were cheated by LexCorp and would like to sue LexCorp for fraud. There are no federal questions is at issue. (a) Can Wayne sue LexCorp in New York state trial court? Why or why not? (b) Can Wayne sue LexCorp in New York federal trial court? Why or why not? (c) Can Allen sue LexCorp in Illinois state court? Why or why not? (d) Can Allen sue LexCorp in Illinois federal trial court? Why or why not? Bruce Wayne, a resident of New York, and Barry Allen, a resident of Illinois, each bought $85,000 in stock at local offices in their home states from LexCorp, Inc., a business incorporated in Delaware with its principal place of business in New York. Both Wayne and Allen believe that they were cheated by LexCorp and would like to sue LexCorp for fraud. There are no federal questions is at issue. (a) Can Wayne sue LexCorp in New York state trial court? Why or why not? (b) Can Wayne sue LexCorp in New York federal trial court? Why or why not? (c) Can Allen sue LexCorp in Illinois state court? Why or why not? (d) Can Allen sue LexCorp in Illinois federal trial court? Why or why not
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