United States Third Circuit

The "American Rule" should not be applied to the subordination of the administrative and professional costs, and because the district court's findings are not clearly erroneous, subordination of plaintiff's claims and loss calculation affirmed.

Appellate Information

• Argued 12/16/2002
• Decided 03/19/2003
• Published 03/19/2003

Judges

• Before NYGAARD, ALITO, and RENDELL, Circuit Judges.

Court

• United States Third Circuit

Counsel

• For Appellees:
  
• Lawrence J. Slattery, (Argued), Morgan, Lewis & Bockius, New York, NY, Amy M. Tonti, Reed Smith, Pittsburgh, PA, for Appellant/Cross Appellee., Philip E. Beard, Stonecipher, Cunningham, Beard & Schmitt, Pittsburgh, PA, Stephen M. Ray, (Argued), Stutman, Treister & Glatt, Los Angeles, CA, for Appellee/Cross Appellant.