Dexia Gets $1.8M Atty Fees In US Bank CMBS Dispute

Law360, New York (November 30, 2016, 8:21 PM EST) -- A New York federal judge sided with Dexia Real Estate Capital Markets on Wednesday, ruling state law prohibits it from using a separate malpractice settlement to cover legal costs it incurred from a commercial mortgage-backed securities dispute with U.S. Bank NA and awarding it $1.8 million in attorneys’ fees.

U.S. District Judge Paul A. Engelmayer said Dexia cannot use a $1.14 million settlement from counterclaims it brought against Best & Flanagan LLP for legal malpractice and indemnity claims to cover its legal fees in its contract...
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