New Yorker, union activist, employment lawyer, dad, generational trauma ender. He/him.
Too Big to Fail
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This thread is amazing; over the course of a half-hour this price has reduced pretty steadily by roughly one percent every four minutes, meaning it should be opening at $0 by close of business.
To be clear, this wasn't an Erie Doctrine issue at all until about ten years ago when SCOTUS told District Courts to stop looking at legislative history; they used to do it as a matter of course. But the District Judge here felt he not longer had the authority to do so.
This is honestly a really interesting Erie Doctrine issue for civil procedure nerds: New York courts require an analysis of legislative history in interpreting statutes; Federal courts discourage the practice. When you're interpreting a state (or local) statute in Federal court, which do you follow?
