Galanter Law In The News
The following is an excerpt from Twin Cities Business. Yale Galanter successfully defended and won the following case. This case was awarded the largest damage award ever in a case involving the filing of an improper bankruptcy petition.
Author: Christa Meland
Report: U.S. Bank Ensnared in Florida Bankruptcy Dispute
Businessman Maury Rosenberg, who won a $6.1 million jury award, claims that U.S. Bank is using involuntary bankruptcy as a collection tool, which is illegal; the bank, meanwhile, claims it hasn’t done anything wrong and is appropriately pursuing a litigious businessman who owes money.
A Miami businessman has won a $6.1 million jury award after the jury determined that Minneapolis-based U.S. Bank and its equipment finance arm acted in bad faith by pushing him into involuntary bankruptcy, according to a Star Tribune report.
The verdicts, filed in U.S. District Court in Miami, include $5 million in punitive damages and $1.1 million for such things as emotional distress. Lawyers for the businessman, Maury Rosenberg, reportedly claim the punitive damages are the largest in history for such a case.
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