Longview Wins Sanctions, Dismissal Of Castle Arch Claims

Law360, New York (August 22, 2011, 5:00 PM EDT) -- A New York state judge on Monday stripped 15 counterclaims and hit Castle Arch Real Estate Investment Co. LLC with sanctions in a racketeering lawsuit claiming it breached contracts in securities dealings that allegedly destroyed Longview Financial Group Inc.

Judge Shirley Werner Kornreich granted Longview's motion to dismiss the counterclaims, including some that an attorney called scandalous, and for sanctions to cover legal costs associated with the motion. The order, which was issued following oral arguments on Friday, did not include an opinion detailing the judge's...
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