Chalk up a victory for JPMorgan Chase now that a federal appeals court has ruled that the bank never should have been ordered to pay more than $17,000 in attorney fees as a punishment for improperly removing a state court suit to federal court. Voting 2-1, the 3rd U.S. Circuit Court of Appeals ruled that since JPMorgan's legal position in seeking the removal was "objectively reasonable," the lower court abused its discretion in awarding fees.
3rd Circuit Tosses Out Attorney Fees Leveled at JPMorgan Chase
The Legal Intelligencer
June 14, 2010