I’m issuing an opinion that they’re getting off cheap. But their careers have suffered irreparable harm, so it’s alright. 🙂
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They should have just plain been disbarred. They were, de facto, lying in court.
They still can be. The state bar has to decide on that.
Exactly this. I imagine the New York bar was waiting for this opinion to get started. Also, I get that Rule 11 sanctions are rare but $5000 seems low given the equities at stake.
Hopefully the get disbarred as well.
Legal Eagle did a cool video on this, for anyone interested:
Hm... I think if they fucked up and were negligent, this is a reasonable slap on the wrist judgement. If they fucked up, and then were knowledgeable in a malicious cover-up of their fuck up, this seems like a light punishment. The evidence seems to weigh towards the second, but the punishment gives them the benefit of the doubt on that.
Should be $5k per individual falsification.
Why does The Register get paid? /s