Credit: Bigstock Rule 11 Violations 'Require' Sanctions, Says Third Circuit
The federal appeals court affirmed the majority of a Delaware district court's ruling, determining that the court hadn't abused its discretion in finding the plaintiffs had violated Rule 11 by filing for an improper purpose and alleging claims without factual support.
April 06, 2023 at 02:08 PM
5 minute read
The U.S. Court of Appeals for the Third Circuit determined sanctions were necessary when a party violated Rule 11, concluding that the Private Securities Litigation Reform Act of 1995 "requires that some sanction be imposed."
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