CompuCredit Free From Sanctions Over Antitrust Suit

Law360, New York (February 24, 2012, 6:20 PM EST) -- A Georgia federal judge on Friday refused to sanction CompuCredit Holdings Corp. for pursuing an unsuccessful antitrust suit alleging 21 hedge funds conspired to fix prices for senior convertible notes, saying the suit was not excessively frivolous. 

U.S. District Judge Timothy C. Batten Sr. denied the hedge funds’ motion for sanctions, saying he could not rule out the possibility that a rational attorney may have found CompuCredit's allegations reasonable. 

“The court has reviewed defendants' motion for sanctions and finds that CompuCredit's alleged misconduct does not rise...
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Case Information

Case Title

CompuCredit Holdings Corporation v. Akanthos Capital Management, LLC et al


Case Number

1:11-cv-00117

Court

Georgia Northern

Nature of Suit

Anti-Trust

Judge

Timothy C. Batten, Sr

Date Filed

January 17, 2011

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