Attorney Sanctions Stand In ATSI Securities Suit

Law360, New York (September 3, 2009, 4:11 PM EDT) -- A federal appeals court has upheld sanctions against three attorneys for unreasonable conduct in ATSI Communications Inc.'s lawsuit accusing Knight Capital Markets and a slew of hedge funds of manipulating the market in violation of federal securities laws.

The U.S. Court of Appeals for the Second Circuit on Sept. 2 upheld the sanctions against attorneys from Christian Smith & Jewell LLP and Koerner Silberberg & Weiner LLP for improperly bringing the suit in the first place.

The U.S. District Court for the Southern District of New...
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