In an opinion today, Judge Woods concluded that sanctions were appropriate as against a plaintiff, referred to as ITM, that brought a claim without evidentiary support, even though the claim was eventually dropped.  ITM alleged that it incurred $350,000 in expenses advising the defendant about a certain corporate acquisition, but dropped the claim after discovery.   That didn’t solve the problem, as Judge Woods explained:
Continue Reading Judge Woods: Belatedly Withdrawing A Baseless Claim Does Not Insulate a Litigant from Sanctions