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PARAMETRIC CAPITAL MANAGEMENT, LLC, et al., Appellants, v. MICHAEL A. LACHER et al., Respondents.

The action for which Supreme Court sanctioned plaintiffs, although apparently lacking in legal merit, was not so egregious as to constitute "frivolous conduct" within the meaning of 22 NYCRR 130-1.1. We therefore vacate the award of sanctions.

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PARAMETRIC CAPITAL MANAGEMENT, LLC v. LACHER
(Feb 7, 2006)