VANCE, Circuit Judge:
Wilfred C. Varn and John F. Hooley, two attorneys who represented Threaf Properties, Ltd. in an action against Title Insurance Company of Minnesota and appellee William Rish, appeal from an order imposing monetary sanctions under Fed.R.Civ.P. 11. For the reasons stated below, we reverse.
I. Facts
This case arose out of an agreement between Threaf Properties, Ltd. ("Threaf") and Catherine Taylor regarding the construction...
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