The litigation trustee of the PNI Litigation trust, successor to Patriot National Inc., sued PNI’s former CEO Steven M. Mariano and 19 other officers for $100 million, claiming they destroyed PNI in bad faith, “almost entirely for the benefit of Mariano and his cronies,” in Delaware Chancery Court.
Read moreA derivative action against online loan platform LendingClub Corp. alleging that the company’s board of directors breached its fiduciary duties was dismissed in Delaware Chancery Court after investors failed to prove that the board acted in bad faith after self-reporting misconduct to the Securities and Exchange Commission.
Read moreA divided en banc panel of the Ninth Circuit on Wednesday struck down a fee award of more than $400,000 for the pro bono lawyers who won their Malaysian client’s removal from the federal government’s no-fly list, an amount the attorneys called a “pittance.”
Read moreThermal imaging company FLIR Systems may have brought a trade secrets case against two of its former executives in bad faith, but that doesn’t mean its lawyers are to blame according to California’s highest court.
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Recommending dismissal of 99 Americans with Disabilities Act lawsuits against businesses as malicious and filed in bad faith, Albuquerque’s chief federal magistrate judge also suggested the woman may be on the hook for almost $40,000 in filing fees.
Read moreThe Ninth Circuit on Thursday struck down $2.7 million in bad-faith sanctions against Goodyear – involving discovery fraud and defective tires – following the Supreme Court’s ruling in April that sanctions must be limited to only fees incurred by the injured party because of the misconduct.
Read moreNo lawyer wants to find themselves being sued for malicious prosecution simply for doing their job, but Latham & Watkins – accused of bringing specious trade secrets claims against a client’s former employees – says they’re protected because their clients still won an important ruling, even though they ultimately lost and were later found to have brought their case in bad faith.
Read moreThe Supreme Court on Tuesday ruled that when federal courts sanction a bad-faith a party in a lawsuit, the award given to the other side must be limited to the fees they incurred solely because of the misconduct.
Read moreHouse Republicans on Friday passed legislation requiring judges to sanction attorneys and other parties who file frivolous lawsuits in federal court. The move came less than 24 hours after GOP lawmakers moved to curb class-action lawsuits.
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The House of Representatives is set to consider two legal-reform bills, one that would restore harsh penalties for lawyers who file frivolous legal challenges and another that would cut down on access to class action lawsuits.
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