Friedman v. Ganassi
Court of Appeals for the Third Circuit
1Opinion of the Court
OPINION OF THE COURT
STAPLETON, Circuit Judge.
This appeal presents the narrow question whether in suits brought under § 11 of the Securities Act of 1933, 15 U.S.C. § 77k, the taxable costs specified in 28 U.S.C. § 1920 are to be “allowed as of course to the prevailing party” under Fed.R.Civ.P. 54(d) or whether they can be awarded only upon a finding under § 11(e) of the Securities Act that the losing party’s position was wholly without merit. Because we disagree with the district court’s conclusion that Congress intended the § 11(e) stan*208dard to control the recovery of taxable costs by a…
2Cases cited16 opinions
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- Crawford Fitting Co. v. J. T. Gibbons, Inc.Supreme Court of the United States · 1987
- Sprague v. Ticonic National BankSupreme Court of the United States · 1939
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