JPMorgan Wins Bid To Nix Insurer's Fees Award

Law360, New York (June 11, 2010, 7:45 PM EDT) -- 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...
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