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Home / Opinion Digests / Business Law / Court Awards ‘Reasonable’ Fee, Not Contract Fee (access required)

Court Awards ‘Reasonable’ Fee, Not Contract Fee (access required)

An inventory financing company that provides floor plan financing for used car dealers, and that won summary judgment against the guarantors of promissory notes for several Northern Virginia dealers, is not entitled to an attorney’s fee award of $473,422 under the promissory notes, but only is awarded a “reasonable” fee of $213,761, says an Alexandria ...

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