Judge Imposes Monetary Sanctions, Orders Adverse Inferences For Spoliation
NEW YORK - Thirteen plaintiffs in a lawsuit brought over the losses of nearly $550 million stemming from the liquidation of two hedge funds were ordered to pay monetary sanctions and will face adverse jury instructions based on their failure to preserve and produce electronic and paper documents, a federal judge in New York ruled Jan. 11 (The Pension Committee of the University of Montreal Pension Plan, et al. v. Banc of America Securities LLC, et al., No. 05 Civ. 9016, S.D. N.Y.; 2010 U.S. Dist. LEXIS 1839). Full story on lexis.comFiled by admin at January 31st, 2010 under News