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Home / Opinion Digests / Court Vacates Company’s ‘Staggering Sanctions’ (access required)

Court Vacates Company’s ‘Staggering Sanctions’ (access required)

The 4th Circuit vacates a bankruptcy court’s “staggering sanctions” of $1.29 million in attorney’s fees and costs on creditor Blue Cross/Blue Shield of North Carolina and dismissal with prejudice of claims the creditor valued at over $10 million; although the creditor acted in bad faith, these sanctions were excessive and based on a faulty premise: ...