Law360, New York (November 14, 2006, 12:00 AM ET) -- A state court judge in Tennessee has sanctioned a Florida real estate developer more than $1.2 million for improperly pursuing baseless claims with the intent of inconveniencing and inflicting financial damage on the defendants in a case the developer filed in 1999.
John Lucas, who represented defendant Wachovia Bank N.A., said that although it’s not rare for courts to impose monetary sanctions under Rule 11, the dollar amount of the sanctions imposed in this case made it unique, particularly for Tennessee.
“It’s the amount that’s unprecedented,”...
Judge Hits Plaintiff With Landmark $1.2M Sanction
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