Catonville-Based Steele Software Systems, Wachovia Corp. Seek High Court Review of Csa Ruling

Summary

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Both sides have asked the state's high court to review a Court of Special Appeals opinion slashing a Catonsville software firm's record $276 million award against Wachovia Corp. to $37 million.

Steele Software Systems Corp. contends it will have wide-ranging implications for the state since the appellate court's December opinion is the comprehensive pronouncement on the sufficiency of evidence requirements to submit a fraud claim to a Maryland jury.

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Extract

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Catonville-Based Steele Software Systems, Wachovia Corp. Seek High Court Review of Csa Ruling

It will send an unfortunate signal regarding the proper role of appellate courts, Steele asserts in its petition for certiorari, saying the court substituted its own judgment...

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