The 2nd U.S. Circuit Court of Appeals has affirmed a nearly $95,000 sanction that Eastern District of New York Judge Denis R. Hurley imposed on an attorney and his client for knowingly filing a time-barred securities fraud lawsuit. The circuit upheld the sanction against attorney Mitchell A. Stein and his client, John H. Libaire Jr., finding that "no abuse of discretion" was committed by the lower court in ordering the sanction.
2nd Circuit Affirms Stiff Sanction Against Attorney, Client Over Time-Barred Suit
New York Law Journal
October 14, 2010