In a world of computer-spewed data, should courts be sticklers for rules requiring humans to certify the numbers' accuracy? You bet, a New Jersey bankruptcy judge says. The judge's target is Shapiro & Diaz, which admitted that to keep up with business, it submitted certifications with pages signed by a bank officer in advance. The fine's enormity -- $500 for each of about 250 presigned certifications -- is a warning to other firms in high-volume practice areas that hinge on financial clients' mass filings.
June 20, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
In a world of financial data spewed by computers, should courts be sticklers for rules requiring a human to certify the numbers are accurate?
You bet, a U.S. bankruptcy judge in Newark, N.J., says. He has fined a firm $125,000 for finagling with signature pages on hundreds of certifications to computer-generated Chapter 13 pleadings.
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