Several months after its enactment on February 18, 2005, the Class Action Fairness Act (“CAFA”) is beginning to generate a sufficient body of judicial interpretation to identify a number of key issues. Among others, litigants and courts are grappling with questions about which actions were “commenced” before the effective date of CAFA; how to calculate the amount in controversy for purposes of the statute; and what to make of the statute’s provisions regarding calculation of attorneys’ fees...

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