Lowenstein, Paul Weiss Duck $2M Penalty For Frivolous Suit

Law360, New York (October 3, 2013, 8:27 PM EDT) -- Lowenstein Sandler PC and Paul Weiss Rifkind Wharton & Garrison LLP won't have to pay nearly $2 million in sanctions after a New Jersey appellate panel on Thursday reversed an award under the frivolous litigation rule, while clarifying when and how the rule is applied.

The Superior Court of New Jersey’s Appellate Division reversed a trial judge’s assessment of $1.96 million in sanctions against the firms, which represented the granddaughter of Robert B. Cohen, the late founder of the Hudson News airport retail chain, in an...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.