Law360, New York (June 11, 2010, 7:45 PM ET) -- A federal appeals court stripped American Title Insurance Corp. of attorneys' fees and costs awarded after JPMorgan Chase & Co. attempted to remove the parties' coverage spat to district court on the grounds that the bank had “an objectively reasonable” basis for seeking removal.
A three-judge panel in the U.S. Court of Appeals for the Third Circuit in a majority opinion on Thursday elected to overturn the U.S. District Court for the Western District of Pennsylvania's award, ruling that it “cannot fault JPMorgan for its efforts...
JPMorgan Wins Bid To Nix Insurer's Fees Award
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