Attorneys Evade Sanctions In GGP Shareholder Action

Law360, New York (March 25, 2010, 2:22 PM EDT) -- A bankruptcy judge has agreed to stay a derivative action against General Growth Properties Inc., but has declined to issue contempt sanctions against the shareholder who brought the suit and his attorneys at Coughlin Stoia Geller Rudman & Robbins LLP, Lasky & Rifkind Ltd. and Johnson Bottini LLP.

Judge Allan Gropper of the U.S. Bankruptcy Court for the Southern District of New York decided Wednesday to enforce an automatic stay blocking the derivative suit, but denied without prejudice a motion by the mall operator for sanctions....
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