Posted On: 08/18/2016 5:34:58 PM
Post# of 72447
I didn't like this at the bottom of page 12 of the complaint but I'll be surprised if she does not impose sanctions. The law seems pretty clear.
From Page 12...
At the outset, Defendants note that, at the July 15, 2016, sanctions conference, this Court candidly stated its limited recent experiences in handling PSLRA matters, 7/15/2016 Tr. 2:5-6, and its initial “inclination is not to impose sanctions.” 7/15/2016 Tr. 17:18. The Court’s reluctance may be related to both the Court’s noted limited experiences and a belief that the legal claims the Rosen Law Firm eventually made in the SAC may have been “very aggressive but not indefensible."
From Page 12...
At the outset, Defendants note that, at the July 15, 2016, sanctions conference, this Court candidly stated its limited recent experiences in handling PSLRA matters, 7/15/2016 Tr. 2:5-6, and its initial “inclination is not to impose sanctions.” 7/15/2016 Tr. 17:18. The Court’s reluctance may be related to both the Court’s noted limited experiences and a belief that the legal claims the Rosen Law Firm eventually made in the SAC may have been “very aggressive but not indefensible."
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