Sanctions are being leveled at attorneys for plaintiffs in a securities class action who based their complaint on a mistaken reading of a business magazine that they later withdrew.
Southern District Judge Denise Cote ordered Kenneth J. Vianale of Vianale & Vianale in Boca Raton, Fla., and a second plaintiffs lawyer to pay all the defendants’ attorney fees and costs after rejecting Vianale’s defense that he misread a news article on internal e-mails that allegedly incriminated the defendant company.
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