Crowell, Proskauer, Fulbright Sanctioned For Counterclaims

Law360, New York (February 5, 2013, 8:08 PM EST) -- Crowell & Moring LLP, Proskauer Rose LLP and Fulbright & Jaworski LLP were sanctioned Monday by a New York state judge, who said they shouldn't have filed "scandalous" counterclaims for their clients in a $28 million dispute over a group of banks and insurers' takeover of an auto parts maker from a private equity firm.

The counterclaims were filed by the defendants, automotive parts maker TAP Automotive Holdings LLC and senior lenders to the company, alleging that Richard Perkal, a principal of plaintiff private equity firm...
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