TITLE

Court Limits Counsel Fees Where and that they were in some meaningful sense culpable Suit Was Essentially Uncontested

PUB. DATE
July 2012
SOURCE
Lender Liability Law Report;Jul2012, Vol. 26 Issue 7, p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses a court case wherein a U.S. court had ordered Wells Fargo Bank to limit its legal fees to 10,000 U.S. dollars. In Wells Fargo Bank, N.A. v. Humphrey Lumber Corp., the appellant filed a complaint against the latter after it defaulted on a note and guaranty for loan from the bank. The court stated the link between awarding attorney's fees and the product of the number of hours reasonably expended to prosecute the lawsuit.
ACCESSION #
78554457

 

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