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A story by the New York Law Journal this morning shows how some state-court judges are reacting to their recession. Arthur Schack, a supreme court justice in Brooklyn, who previously graced the pages of this blog for his rulings in foreclosure cases, recently rejected a request by JP Morgan Chase for $9,112 in costs for producing subpoenaed documents, calling the claim an example of the excess and greed among “fat cat bankers on Wall Street.”
JPMorgan Chase, a non-party in an action to confirm an arbitration award, sought 25 cents per page and $25 per hour for producing 18,248 pages of subpoenaed documents demanded by the petitioner, the journal reported.
In his decision, Schack granted JPMorgan $1,250.27, or about one-seventh of the amount it requested. He quoted a recent interview of President Barack Obama on “60 Minutes” in which the president suggested that the greed of “fat cat bankers” played a role in the present recession.
Read more from the WSJ
