While a court may, in its discretion, award costs in the form of reimbursement for actual expenses reasonably incurred and reasonable attorney's fees resulting from frivolous conduct as defined in 22 NYCRR 130-1.1 (c) to any party or attorney in a civil action and, in addition or in lieu of awarding costs, may impose financial sanctions upon any party or attorney who engages in such frivolous conduct (22 NYCRR 130-1.1 [a]), the IAS Court should not have imposed such sanctions...
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