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Academic

: Conglomerate

Where is a corporation's principal place of business?

By Gordon Smith, Christine, Hurt, Vic Fleischer, Fred Tung, Lisa Fairfax, David Zaring

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for diversity purposes? Answer: "the place where the corporation's high level officers direct, control, and coordinate the corporation's activities," colloquially its "nerve center," and usually its headquarters.

Source: that perennial font of wisdom on all things corporate, the Supreme Court. And no Citizens-United-style dueling opinions here, folks. Hertz Corp. v. Friend was unanimous.

Full post as published by Conglomerate on February 24, 2010 (boomark / email).

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