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Chain Bridge Bank, N.A.’S Motion To Establish The

Summary

JPMorgan Chase Bank, N.A.'s opposition to Chain Bridge Bank, N.A.'s motion to establish the amount of indemnified fees and expenses, in Blue Flame Medical LLC v. Chain Bridge Bank, N.A., Civil Action No. 1:20-cv-00658 (LMB/IDD), in the U.S. District Court for the Eastern District of Virginia, Document 213, filed December 7, 2021 and dated November 18, 2021. JPMorgan, the third-party defendant, states that Chain Bridge seeks nearly $6 million in attorneys' fees and expenses. It argues that under U.C.C. § 4A-211(f) and the court's September 23, 2021 summary-judgment ruling, Chain Bridge may recover only reasonable fees incurred defending Blue Flame's U.C.C. claims. It asks the court to deny fees tied to state-law claims, fees on fees for indemnification and insurance, and fees incurred regardless, while not opposing a revised request. The 31-page brief is signed by WilmerHale counsel.

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Case 1:20-cv-00658-LMB-IDD     Document 213     Filed 12/07/21   Page 1 of 31 PageID#
                                      5620



                   IN THE UNITED STATES DISTRICT COURT
                  FOR THE EASTERN DISTRICT OF VIRGINIA
                             (Alexandria Division)


  BLUE FLAME MEDICAL LLC,

                          Plaintiff,

  v.

  CHAIN BRIDGE BANK, N.A.,
  JOHN J. BROUGH, and                       Civil Action No. 1:20-cv-00658 (LMB/IDD)
  DAVID M. EVINGER,

                          Defendants.


  CHAIN BRIDGE BANK, N.A.,

                   Third-Party Plaintiff,

  v.

  JPMORGAN CHASE BANK, N.A.,

                   Third-Party Defendant.


              JPMORGAN CHASE BANK, N.A.’S OPPOSITION TO
           CHAIN BRIDGE BANK, N.A.’S MOTION TO ESTABLISH THE
              AMOUNT OF INDEMNIFIED FEES AND EXPENSES
            TO BE AWARDED FROM JPMORGAN CHASE BANK, N.A
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                                                 TABLE OF CONTENTS

 TABLE OF AUTHORITIES.................................................................................................... ii

 INTRODUCTION................................................................................................................... 1

 BACKGROUND..................................................................................................................... 2

 LEGAL STANDARD ............................................................................................................. 4

 ARGUMENT .......................................................................................................................... 5

 I.        CHAIN BRIDGE IS ENTITLED ONLY TO REASONABLE FEES AND EXPENSES INCURRED AS A
           RESULT OF BLUE FLAME’S U.C.C. CLAIMS—NOT BLUE FLAME’S STATE-LAW CLAIMS ... 5

           A.        Article 4A, As The Exclusive Means For Determining Legal Obligations,
                     Does Not Permit Chain Bridge To Recover Attorneys’ Fees For Its Separate
                     State-Law Claims.............................................................................................. 5

                     1.        Article 4A is an exclusive remedy .......................................................... 5

                     2.        Courts narrowly counstrue indemnification provisions ............................ 7

           B.        Fees Incurred As A Result Of State-Law Claims Were Not Incurred
                     “As A Result Of The Cancellation” ................................................................... 9

           C.        Fees Incurred As A Result Of State-Law Claims Must Be Excised
                     From Chain Bridge’s Fee Demand ................................................................... 13

 II.       CHAIN BRIDGE IS NOT ENTITLED TO “FEES ON FEES” INCURRED IN PURSUIT OF
           INDEMNIFICATION AND INSURANCE ............................................................................. 14

           A.        “Fees On Fees” Are Available Only Where Specifically Authorized,
                     And There Is No Such Authorization In Section 4A-211(f)............................... 14

           B.        Indemnification And Insurance Fees Must Be Excised From Chain Bridge’s
                     Fee Demand.................................................................................................... 18

 III.      CHAIN BRIDGE IS NOT ENTITLED TO FEES IT WOULD HAVE INCURRED REGARDLESS
           OF THE U.C.C. CLAIMS............................................................................................... 19

           A.        Chain Bridge Has Failed To Disaggregate Fees It Would Have Incurred
                     Absent The Indemnification-Triggering Conduct ............................................. 19

           B.        Fees That Would Have Been Incurred Absent Blue Flame’s
                     U.C.C. Claims Must Be Excised From Chain Bridge’s Fee Demand ................. 23

 CONCLUSION ..................................................................................................................... 23


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                                            TABLE OF AUTHORITIES

                                                           CASES

 Automotive Finance Corp. v. EEE Auto Sales, Inc.,
       2011 WL 3422648 (E.D. Va. Aug. 3, 2011) .............................................................4, 14

 Beastie Boys v. Monster Energy Co.,
        112 F. Supp. 3d 31 (S.D.N.Y. 2015) ........................................................................... 19

 Blue Flame Medical LLC v. Chain Bridge Bank, N.A.,
        2021 WL 4341111 (E.D. Va. Sept. 23, 2021) ........................................................passim

 Bradford v. HSBC Mortgage Corp.,
       280 F.R.D. 257 (E.D. Va. 2012).................................................................................. 16

 C.F. Trust, Inc. v. First Flight Ltd. Partnership,
        359 F. Supp. 2d 497 (E.D. Va. 2005) ............................................................................ 4

 Caraway v. City of Elizabeth City,
      854 F. App’x 472 (4th Cir. 2021)................................................................................ 20

 Choice Escrow & Land Title, LLC v. BancorpSouth Bank,
       754 F.3d 611 (8th Cir. 2014)......................................................................................5, 6

 Colli v. S. Methodist University,
         2012 WL 13027419 (N.D. Tex. Oct. 22, 2012).............................................................. 4

 E.I. DuPont de Nemours & Co. v. Custom Blending Int’l, Inc.,
        1998 WL 842289 (Del. Ch. Nov. 24, 1998)................................................................... 8

 Eisenberg v. Wachovia Bank, N.A.,
       301 F.3d 220 (4th Cir. 2002)......................................................................................5, 6

 Estate of Kalahasthi v. United States,
         630 F. Supp. 2d 1120 (C.D. Cal. 2008).......................................................................... 9

 Fair Housing Council of Greater Washington v. Landow,
        999 F.2d 92 (4th Cir. 1993)......................................................................................4, 21

 Fox v. Vice,
        563 U.S. 826 (2011) ..............................................................................................19, 20

 Galante v. Queens Borough Public Library,
       2016 WL 4573978 (E.D.N.Y. Sept. 1, 2016) ............................................................4, 15

 Gill v. Warden,
         2011 WL 2358531 (E.D. Va. June 9, 2011)................................................................. 11

                                                               ii
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                                                      5623



 Goodyear Tire & Rubber Co. v. Haeger,
      137 S. Ct. 1178 (2017) ................................................................................ 5, 19, 20, 21

 Guidry v. Clare,
       442 F. Supp. 2d 282 (E.D. Va. 2006) .......................................................................... 22

 Hair Club for Men, LLC v. Ehson,
        2017 WL 1250998 (E.D. Va. Apr. 3, 2017) ................................................................... 4

 Hensley v. Eckerhart,
       461 U.S. 424 (1983) .......................................................................................... 4, 18, 22

 Hooper Associates, Ltd. v. AGS Computers, Inc.,
       548 N.E.2d 903 (N.Y. 1989)..................................................................................15, 16

 In re Crescent County Estates, LLC,
        588 F.3d 822 (4th Cir. 2009)....................................................................................... 15

 In re Fitzgerald Marine & Repair, Inc.,
         619 F.3d 851 (8th Cir. 2010)....................................................................................... 15

 In re Health Management Systems, Inc. Securities Litigation,
        82 F. Supp. 2d 227 (S.D.N.Y. 2000), aff’d sub nom. Baker v. Health
        Management Systems, Inc., 298 F.3d 146 (2d Cir. 2002).........................................14, 15

 In re Navidea Biophamaceuticals Litigation,
        2021 WL 2323380 (S.D.N.Y. Apr. 21, 2021), report & recommendation
        adopted sub nom. In re Navidea Biopharmaceuticals Litigation,
        2021 WL 2156276 (S.D.N.Y. May 27, 2021) .............................................................. 22

 Independent Federation of Flight Attendants v. Zipes,
       491 U.S. 754 (1989) ................................................................................................... 20

 Industrial Enterprises, Inc. v. Penn America Insurance Co,
        637 F.3d 481 (4th Cir. 2011)......................................................................................... 7

 James Constructors, Inc. v. Salt Lake City Corp.,
       888 P.2d 665 (Utah Ct. App. 1994) ............................................................................. 14

 Jones v. Southpeak Interactive Corp. of Delaware,
        2014 WL 2993443 (E.D. Va. July 2, 2014), aff’d,
        777 F.3d 658 (4th Cir. 2015)....................................................................................... 22

 Leaf River Cellulose, LLC v. Mid-Continent Casualty Co.,
        2012 WL 1033477 (S.D. Miss. Mar. 27, 2012) .............................................................. 8

 Lyle v. Food Lion, Inc.,
         954 F.2d 984 (4th Cir. 1992)....................................................................................... 18

                                                               iii
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 Mack v. Wilcox County Commission,
       2009 WL 4884310 (S.D. Ala. Dec. 9, 2009) ................................................................ 11

 Madeira v. Affordable Housing Foundation, Inc.,
       323 F. App’x 89 (2d Cir. 2009)................................................................................... 21

 Martin v. Franklin Capital Corp.,
        546 U.S. 132 (2005) ................................................................................................... 18

 Mulugeta v. Ademachew,
       2019 WL 7945712 (E.D. Va. Nov. 6, 2019) ................................................................ 20

 National Organization for Marriage, Inc. v. United States,
       24 F. Supp. 3d 518 (E.D. Va. 2014) .............................................................................. 9

 Nova Research, Inc. v. Penske Truck Leasing Co.,
       952 A.2d 275 (Md. 2008) ........................................................................................... 17

 Paroline v. United States,
        572 U.S. 434 (2014) ................................................................................................9, 10

 Perconti v. Thornton Oil Corp.,
       2002 WL 982419 (Del. Ch. May 3, 2002) ..................................................................... 8

 Perdue Farms, Inc. v. Travelers Casualty & Surety Co. of America,
       448 F.3d 252 (4th Cir. 2006)......................................................................................7, 8

 Pike Creek Chiropractic Ctr., P.A. v. Robinson,
        637 A.2d 418 (Del. 1994) .................................................................................... 8, 9, 16

 Rekor Systems, Inc. v. Loughlin,
        2020 WL 6898271 (S.D.N.Y. Nov. 23, 2020).............................................................. 17

 Salgam v. Advanced Software Systems, Inc.,
       2020 WL 6322857 (E.D. Va. July 2, 2020).................................................................. 20

 Salim v. Dahlberg,
        2016 WL 2930943 (E.D. Va. May 18, 2016) ................................................................. 5

 SPM Corp. v. M/V Ming Moon,
      22 F.3d 523 (3d Cir. 1994).......................................................................................... 15

 Stifel Financial Corp. v. Cochran,
         809 A.2d 555 (Del. 2002) ........................................................................................... 17

 Thor 725 8th Avenue LLC v. Goonetilleke,
        675 F. App’x 31 (2d Cir. 2017)................................................................................... 17



                                                                iv
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 Warren Drilling Co. v. Equitable Production Co.,
       621 F. App’x 800 (6th Cir. 2015).............................................................................9, 17

 Weaver v. ZeniMax Media, Inc.,
       2004 243163 (Del. Ch. Jan. 30, 2004) ......................................................................... 17

 Wells Fargo Bank, N.A. v. National Bank of Commerce,
        240 So. 3d 541 (Ala. 2017)......................................................................................... 14

                                            STATUTES & REGULATIONS

 28 U.S.C. § 1447(c)............................................................................................................... 18

 28 U.S.C. § 1927 ................................................................................................................... 19

 42 U.S.C. § 1988 ..............................................................................................................18, 19

 U.C.C. § 4A-211 cmt. 5 ......................................................................................................... 20

 U.C.C. § 4A-211(f)..........................................................................................................passim

                                                              RULES

 Fed. R. Civ. P. 11(c)(4).......................................................................................................... 19

 Fed. R. Civ. P. 37(b)(2)(C)..................................................................................................... 19




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                                         INTRODUCTION

        Seeking nearly $6 million in attorneys’ fees and expenses, Chain Bridge insists that it is

 entitled to all fees and expenses it incurred in litigating all the claims in this multi-party case—

 regardless of whether they are first-party, third-party, state-law, or U.C.C. claims, and regardless

 of whether they are against Chain Bridge itself or the individual defendant executive officers. In

 so doing, putting aside the question of the reasonableness of the amount sought, it improperly

 seeks hundreds of thousands of dollars in fees spent pursuing its claim to indemnification, and

 over one hundred thousand dollars more in fees to interpret its own insurance policies. All of

 this, Chain Bridge claims, is reimbursable because it somehow results from the cancellation of

 the wire. That argument fails because it ignores the limits of the U.C.C. and rests on a theory of

 causation with no apparent bounds, let alone one confined by applicable standards of but-for and

 proximate cause.

        Under the Court’s summary-judgment ruling, some fees and expenses are reimbursable to

 Chain Bridge—that is, those reasonably spent by Chain Bridge defending against Blue Flame’s

 U.C.C. claims, which were premised on the cancellation of the wire. But other categories of

 Chain Bridge’s demand are not, including fees and expenses spent defending Blue Flame’s state-

 law claims, which are grounded in Chain Bridge’s independent conduct; “fees on fees” in pursuit

 of indemnification and insurance; and fees and expenses that Chain Bridge would have spent

 even if the only claims asserted by Chain Bridge were non-indemnifiable. Moreover, many of

 the fee entries provided by Chain Bridge—for example, those for time billed to “[r]eview and

 respond to correspondence” (without elaboration)—are impossible to categorize because of

 Chain Bridge’s insufficiently detailed records. The Court’s ruling requires JPMC to pay

 reasonable fees and expenses arising from U.C.C. claims that were incurred “as a result of” the


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 wire cancellation only. All other categories lack the statutory and causal nexus required by

 Article 4A’s indemnification provision.

        As Chain Bridge well knew since the beginning of this case, as the fee applicant it bears

 the burden to establish the reasonableness and recoverability of the fees and expenses it claims.

 It has failed to meet that burden, both because it demands categories of fees that are non-

 reimbursable and because it has provided inadequate documentation for the fees it demands.

 JPMC should not pay more than the Court’s ruling requires—especially given JPMC’s

 “commendable” conduct, Blue Flame Med. LLC v. Chain Bridge Bank, N.A., 2021 WL 4341111,

 at *14 (E.D. Va. Sept. 23, 2021). The Court should therefore deny Chain Bridge’s motion.

 JPMC does not oppose Chain Bridge being granted the opportunity to submit a revised fee

 request, accompanied by sufficiently detailed documentation, reflecting only fees for expenses

 incurred defending the U.C.C.-based claims asserted by Blue Flame. 1

                                         BACKGROUND

        On June 12, 2020, Blue Flame filed a 10-count complaint against Chain Bridge and two

 of its executive officers (collectively, Defendants). Compl., Dkt. 1.

        Counts I and II were grounded on the claim that Defendants violated “Federal Reserve

 Board regulations that strictly control whether, when, and under what circumstances a bank may

 agree to return or cancel a wire transfer it receives for a beneficiary account holder.” Compl. ¶ 4;

 see id. ¶¶ 86-112. Specifically, those first two counts alleged violations of Article 4A of the

 U.C.C. as incorporated into the Federal Reserve Board’s Regulation J, § 4A-404(a) (Count I) and




 1        JPMC respectfully disagrees with, and has appealed, the Court’s ruling that JPMC is
 liable to Chain Bridge for indemnification at all. See Dkt. 181. For purposes of Chain Bridge’s
 motion, JPMC does not contest the ruling here, but JPMC’s arguments should not be construed
 in any way to waive or concede any aspect of its arguments on appeal.

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 § 4A-204 (Count II). See id. ¶¶ 86-112. In substance, the counts asserted that Chain Bridge was

 not allowed to “cancel or amend the payment order after it had been accepted.” Id. ¶ 93; see id.

 ¶ 110 (Chain Bridge “issued a new payment order on behalf of Blue Flame”). 2

        Counts IV and V made an additional set of allegations. They alleged tortious interference

 with contract and business expectancy (respectively) by asserting that “Defendants knew of

 [Blue Flame’s] contractual relationship” and “Blue Flame’s business expectancy” “at the time

 Defendants unilaterally contacted California officials and accused Blue Flame of fraud, without

 basis.” Compl. ¶¶ 128, 137. Count IX was also based on allegations that Defendants “contacted

 [California], and claimed that the transaction was fraudulent and made other false statements

 casting aspersions on the business and character of Blue Flame.” Id. ¶ 166.

        On October 13, 2020, Chain Bridge filed a third-party complaint against JPMC. Third-

 Party Compl., Dkt. 43. It asserted that, “under UCC § 4A-211(f) JPMorgan is liable to Chain

 Bridge Bank, N.A. for ‘any loss and expenses, including reasonable attorney’s fees, incurred …

 as a result of the cancellation’ of JPMorgan’s payment order.” Id. ¶ 20.

        Discovery ensued, which culminated in all parties moving for summary judgment. On

 September 23, 2021, the Court granted summary judgment for Chain Bridge on Blue Flame’s

 U.C.C. claims. Blue Flame Med. LLC v. Chain Bridge Bank, N.A., 2021 WL 4341111, at *1

 (E.D. Va. Sept. 23, 2021). The Court also granted summary judgment for Chain Bridge on Blue

 Flame’s state-law claims. Id. at *12-13. Finally, the Court granted summary judgment on Chain

 Bridge’s indemnification claim against JPMC. Id. at *13-14. The Court made clear that its

 conclusion on indemnification was “not meant to punish or criticize JPMorgan” and noted that



 2      Five counts in the complaint (III, VI, VII, and VIII, and X) were dismissed as preempted
 by the U.C.C. Dkts. 31, 32.

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 “JPMorgan’s quick and thorough investigation of potential fraud is commendable.” Id. at *14.

 Recognizing that JPMC “went above and beyond for its customer, California,” the Court

 suggested that JPMC could “work out with California, in the separate proceeding in California,

 how to allocate its losses.” Id.

        In March 2021, JPMC had submitted a notice of claim with California’s Government

 Claims Program; on September 14, 2021, California rejected it.

                                      LEGAL STANDARD

        “[S]tatutory indemnification provisions should be strictly construed.” Galante v. Queens

 Borough Pub. Libr., 2016 WL 4573978, at *6 (E.D.N.Y. Sept. 1, 2016) (describing New York

 law). Similarly, authority for awarding attorneys’ fees should be “interpreted narrowly.” C.F.

 Tr., Inc. v. First Flight Ltd. P’ship, 359 F. Supp. 2d 497, 503 (E.D. Va. 2005). A party cannot

 recover attorneys’ fees for a claim unless that claim is “vested with” an “independent statutory or

 contractual right to recovery”—even if the claim is “closely intertwined with the claims for

 which fees were awarded.” Hair Club for Men, LLC v. Ehson, 2017 WL 1250998, at *4-5 (E.D.

 Va. Apr. 3, 2017). In other words, where “claims are not dependent on provisions of contract or

 statute that permits recovery of fees, the Court may not award fees for those claims.” Id. at *5.

        “[T]he fee applicant bears the burden of establishing entitlement to an award,” Hensley v.

 Eckerhart, 461 U.S. 424, 437 (1983), and “proper documentation is key,” Auto. Fin. Corp. v.

 EEE Auto Sales, Inc., 2011 WL 3422648, at *2 (E.D. Va. Aug. 3, 2011) (Brinkema, J.).

 Specifically, the fee applicant “should maintain billing time records in a manner that will enable

 a reviewing court to identify distinct claims.” Hensley, 461 U.S. at 437; Fair Hous. Council of

 Greater Washington v. Landow, 999 F.2d 92, 97 (4th Cir. 1993) (“applicant must make every

 effort to submit time records which specifically allocate the time spent on each claim”); Colli v.

 S. Methodist Univ., 2012 WL 13027419, at *3 (N.D. Tex. Oct. 22, 2012) (“[W]hen a lawsuit

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 involves multiple claims, the party seeking attorney fees must segregate recoverable fees from

 those incurred on claims for which fees are not recoverable.”). A fee applicant “may recover

 ‘only the portion of his fees that he would not have paid but for’ the [fee-entitling claims].”

 Goodyear Tire & Rubber Co. v. Haeger, 137 S. Ct. 1178, 1187 (2017). “Accordingly, if a

 billing entry includes a description of both recoverable and nonrecoverable work but does not

 identify the amount of time spent on each type of work, the entire entry will be deducted from

 plaintiff’s recoverable hours.” Salim v. Dahlberg, 2016 WL 2930943, at *10 (E.D. Va. May 18,

 2016) (Brinkema, J.).

                                           ARGUMENT

  I.    CHAIN BRIDGE IS ENTITLED ONLY TO REASONABLE FEES AND EXPENSES INCURRED
        AS A RESULT OF BLUE FLAME’S U.C.C. CLAIMS—NOT BLUE FLAME’S STATE-LAW
        CLAIMS

        Chain Bridge demands indemnification for fees and expenses spent defending the three

 state-law claims that survived dismissal: tortious interference with contract; tortious interference

 with business expectancy; and defamation. Chain Bridge is not entitled to that.

        A.      Article 4A, As The Exclusive Means For Determining Legal Obligations,
                Does Not Permit Chain Bridge To Recover Attorneys’ Fees For Its Separate
                State-Law Claims

                1.       Article 4A is an exclusive remedy

        “The rules adopted from Article 4A serve as the exclusive means for determining the

 rights, duties and liabilities of all parties involved in a Fedwire funds transfer.” Eisenberg v.

 Wachovia Bank, N.A., 301 F.3d 220, 223 (4th Cir. 2002). Thus, state-law causes of action

 “premised on conduct falling within the scope of [Article 4A], whether the state law conflicts

 with or is duplicative of [Article 4A],” are preempted. Id.; see also Choice Escrow & Land Title,

 LLC v. BancorpSouth Bank, 754 F.3d 611, 625 (8th Cir. 2014) (“Article 4A preempts common

 law causes of action ‘in two specific areas: (1) where the common law claims would create

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 rights, duties, or liability inconsistent with Article 4A; and (2) where the circumstances giving

 rise to the common law claims are specifically covered by Article 4A.’”). In this case, the Court

 held that the three state-law claims at issue here were not preempted by Article 4A. See Dkts.

 31, 32. Necessarily, then, these state-law causes of action were not “premised on conduct falling

 within the scope of [Article 4A],” Eisenberg, 301 F.3d at 223, or given rise by “circumstances …

 specifically covered by Article 4A,” Choice Escrow, 754 F.3d at 625.

        Extending Section 4A-211(f)’s indemnification provision to cover fees and expenses

 incurred in defending against these state-law claims would violate those settled principles of law.

 It would create “rights” held by a U.C.C. indemnitee, “duties” incumbent upon a U.C.C.

 indemnitor, and “liabilities” running between them for common-law conduct falling outside the

 scope of the U.C.C.—defying the Fourth Circuit’s command that “Article 4A serve[s] as the

 exclusive means for determining the rights, duties and liabilities of all parties” involved in a wire

 transfer. Eisenberg, 301 F.3d at 223 (emphasis added).

        The reasoning of Choice Escrow is instructive. There, the Eighth Circuit held that a bank

 could sue its customer to enforce a contractual indemnification provision for attorneys’ fees

 because Article 4A “contains no provision allocating attorney’s fees between the bank and its

 customer in the event of litigation.” Choice Escrow, 754 F.3d at 626. Where conduct falls

 outside the scope of Article 4A, parties are free to negotiate their own indemnification clauses

 that allocate the risk of loss for it. The Eighth Circuit explained that, “[a]lthough awarding

 attorney’s fees to a bank under an indemnification agreement might reduce a [beneficiary]’s

 overall recovery against that bank, it would do so for reasons extrinsic to Article 4A’s attempts

 to balance the risk of loss due to a fraudulent payment order.” Id. Choice Escrow thus enforces

 the general proposition that indemnification for conduct outside of Article 4A’s ambit must—if it



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 is to be obtained—be arranged by some mechanism outside of the U.C.C. (e.g., private

 agreement). The Court found no such private agreement here.

                2.       Courts narrowly construe indemnification provisions

        Even aside from Article 4A’s exclusivity, indemnification provisions are narrowly

 construed. For example, in Industrial Enterprises, Inc. v. Penn America Insurance Co., the

 Fourth Circuit rejected the claim that a standard comprehensive general liability insurance (CGL)

 policy indemnified the insured for liability under the Comprehensive Environmental Response,

 Compensation, and Liability Act (CERCLA). 637 F.3d 481, 489 (4th Cir. 2011). As the Fourth

 Circuit explained, “The standard CGL policy language … was formulated to address an insured’s

 tort liability for property damage caused to third parties. The scope of that risk was well

 understood, and there is no evidence to indicate that the broad, indeterminate risks of CERCLA

 liability somehow became automatically includable in the term ‘property damage[.]’” Id. Here,

 Section 4A-211(f) imposes liability on sending banks for the “reasonable attorney’s fees”

 “incurred by” a receiving bank “as a result of [a] cancellation.” The “scope of that risk” does not

 include “the broad, indeterminate risks,” Industrial Enters., 637 F.3d at 489, that arise from a

 receiving bank (Chain Bridge) unilaterally questioning a transaction with the sending bank’s

 client (California). The latter “broad, indeterminate risks” resulted in Blue Flame’s state-law

 claims for tortious interference and defamation. Id. Accordingly, those state-law claims are not

 covered by the U.C.C.’s indemnification provision.

        In Perdue Farms, Inc. v. Travelers Casualty & Surety Co. of America, an insurance

 agreement covered expenses for ERISA claims but not wage-and-hour claims. 448 F.3d 252,

 261-262 (4th Cir. 2006). Former employees sued the insured, asserting both types of claims.

 The district court concluded that “Travelers had a duty to indemnify all claims ‘reasonably

 related’ to those covered by its policy,” but the Fourth Circuit held that to be erroneous. Id. at

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 260. As the Fourth Circuit explained, “even a suit with multiple claims will typically involve

 both a similar set of operative facts and overlapping legal theories,” so “applying the reasonably

 related rule to indemnification would often leave insurers footing the bill for an entire judgment

 or settlement, even for those claims the policy did not reach.” Id. at 261. Emphasizing that

 “Travelers is not liable for non-covered claims,” the Fourth Circuit directed the district court, on

 remand, to determine an “apportionment of … amounts among covered and non-covered

 claims.” Id. at 263. The same type of apportionment is imperative here.

        The principal case Chain Bridge cites in support of its demand for reimbursement of

 state-law claim expenses is distinguishable. See Chain Bridge Fees Mem. (“Mem.”) 10 (citing

 Pike Creek Chiropractic Ctr., P.A. v. Robinson, 637 A.2d 418 (Del. 1994)), Dkt. 195. Pike

 Creek concerned a demand for indemnification under a contract provision. At the threshold, the

 policies animating private indemnification agreements are not freely transferable to statutory

 indemnification regimes. See Perconti v. Thornton Oil Corp., 2002 WL 982419, at *9 (Del. Ch.

 May 3, 2002) (“The policies behind the general contract law of Delaware, as enunciated in Pike

 Creek, are different from the particular considerations motivating the indemnification of officers

 and directors, whether directly pursuant to statute or through bylaws as authorized by statute.”).

 Indeed, as several courts have held, “the [Pike Creek] decision was premised upon what the

 parties explicitly agreed in the contract[.]” Leaf River Cellulose, LLC v. Mid-Continent Cas. Co.,

 2012 WL 1033477, at *8 (S.D. Miss. Mar. 27, 2012); E.I. DuPont de Nemours & Co. v. Custom

 Blending Int’l, Inc., 1998 WL 842289, at *6 (Del. Ch. Nov. 24, 1998) (“The specific [provision]

 and its relevance here … distinguishes this situation from Pike Creek.”).

        Moreover, the Pike Creek contract provision was substantially broader than U.C.C. § 4A-

 211(f). It required the employee to indemnify the employer “against any liabilities and expenses,



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 including attorney’s fees which result from any acts and admissions [sic] of the [e]mployee.”

 637 A.2d at 419-20 (emphasis added). Here, indemnification is limited to any loss and expenses

 “incurred by the bank as a result of the cancellation.” U.C.C. § 4A-211(f) (emphasis added).

 Those distinct clauses are by no means “practically indistinguishable,” as Chain Bridge claims

 (Mem. 12). And distinct language demands tailored analysis as to each one’s scope. Finally, as

 explained below (pp.16-17), Pike Creek occupies a minority position in its broad reading of what

 the indemnification provision permitted. See Warren Drilling Co. v. Equitable Prod. Co., 621 F.

 App’x 800, 806-807 (6th Cir. 2015) (listing Pike Creek to state the law of only “two

 jurisdictions” that “go the other way” from “most jurisdictions” in awarding “fees on fees”). Put

 simply, Pike Creek is inapplicable.

        B.      Fees Incurred As A Result Of State-Law Claims Were Not Incurred
                “As A Result Of The Cancellation”

        There is a second, independent bar for reimbursement of Chain Bridge’s state-law claims:

 Section 4A-211(f) imposes a causation standard that Chain Bridge cannot satisfy because the

 fees and expenses associated with Blue Flame’s state-law claims were not incurred “as a result of

 the cancellation.” The phrase “as a result” imposes both factual and proximate-cause standards.

 See, e.g., National Org. for Marriage, Inc. v. United States, 24 F. Supp. 3d 518, 529 (E.D. Va.

 2014) (citing Paroline v. United States, 572 U.S. 434, 445 (2014) for the “common maxim that a

 plaintiff must prove both proximate cause and actual cause to recover damages that are ‘a result

 of’ a particular defendant’s conduct”); Estate of Kalahasthi v. United States, 630 F. Supp. 2d

 1120, 1128 (C.D. Cal. 2008) (“use of ‘arising out of’ and ‘relating to’ was broader and more

 expansive than … ‘as a result of’”). “The traditional way to prove that one event was a factual

 cause of another is to show that the latter would not have occurred ‘but for’ the former.”

 Paroline, 572 U.S. at 449-50. Proximate cause “defies easy summary,” but it “is often


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 explicated in terms of foreseeability or the scope of the risk created by the predicate conduct.”

 Id. at 444-445.

        Chain Bridge cannot show that the wire’s cancellation was the factual, let alone

 proximate, cause of the fees it incurred defending the state-law claims. Blue Flame’s state-law

 claims are grounded in alleged comments that Chain Bridge made to California officials that

 purportedly tarnished Blue Flame’s reputation and scuttled its business relationship with the

 State. Chain Bridge made the allegedly offending statements before the cancellation, and thus

 necessarily did not do so “as a result of” it. See, e.g., Ex. 21 to Loretta Decl. in Supp. of JPMC’s

 Mot. for Summ. Judgment (“JPMC MSJ”), Dkt. 113-22, Gonzales Dep. 49:21-50:15 (California

 official testifying that Mr. Evinger conveyed, before the wire’s return, that Blue Flame account

 was opened by a “political lobbyist” one day before transaction); see also Ex. 29 to Loretta Decl.

 in Supp. of JPMC MSJ, Dkt. 113-30, CBB00004453 at 4466 (internal Chain Bridge notes from

 same call, recording that “David [Evinger] and John [Brough] explained to [California officials]

 that the recipient’s account was just opened yesterday by a client of the bank who is a political

 lobbyist,” which “seemed to surprise them”). These alleged communications were animated by

 Chain Bridge’s concerns about the wire, which preceded, and so would have existed even absent,

 cancellation. Moreover, such communication between receiving banks (Chain Bridge) and a

 non-customer accountholder (California) is not to be expected. See Ex. 21 to Loretta Decl. in

 Supp. of JPMC MSJ, Dkt. 113-22, Gonzales Dep. 97:22-98:22 (California employee testifying

 that “it’s not typical for us to speak to the counterparty’s bank”); see also Ex. 22 to Loretta Decl.

 in Supp. of JPMC MSJ, Dkt. 113-23, Baxter Rep. ¶¶ 42 (“remarkable step of contacting the State

 of California”), 74 (“unusual even in exceptional circumstances”).




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        Blue Flame’s defamation claim most easily illustrates why Chain Bridge cannot satisfy

 its causal burden. That claim was based on allegations that Defendants “contacted [California]

 and claimed that the transaction was fraudulent and made other false statements casting

 aspersions on the business and character of Blue Flame.” Compl. ¶ 166. Cancellation is neither

 necessary nor sufficient to support defamation. Indeed, the defamation claim is predicated on

 alleged conduct divorced from JPMC’s involvement in the transaction. Furthermore, Chain

 Bridge made its allegedly defamatory statements to California before the cancellation happened;

 therefore, the statements could not possibly have occurred “as a result of” the cancellation. Cf.

 Gill v. Warden, 2011 WL 2358531, at *3 (E.D. Va. June 9, 2011) (“Gill did not commit the

 offense for which the present 151-month sentence was imposed until [2001]. Therefore, he

 could not have been [in detention from 1985-1987] ‘as a result of the offense for which the

 [present 151-month] sentence was imposed[.]’”) (emphasis added); Mack v. Wilcox Cnty.

 Comm’n, 2009 WL 4884310, at *5 (S.D. Ala. Dec. 9, 2009) (“Plaintiff’s claim that he was

 terminated because he filed an EEOC [charge] fails … because … Plaintiff’s termination

 preceded his EEOC charge; thus, the charge could not have triggered Plaintiff’s termination and

 as a result, was not causally related to the discharge.”). As a matter of plain language and

 common sense, Chain Bridge’s expenses in defending against the defamation claim were not

 incurred “as a result of the cancellation.”

        Nor were fees for the tortious-interference claims incurred “as a result of the

 cancellation.” Those claims asserted that “Defendants knew of [Blue Flame’s] contractual

 relationship” and “Blue Flame’s business expectancy” “at the time Defendants unilaterally

 contacted California officials and accused Blue Flame of fraud, without basis.” Compl. ¶¶ 128,

 137. Indeed, in Chain Bridge’s motion for summary judgment against Blue Flame, Chain Bridge



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 urged that there was no basis for the claims “that Defendants defamed Blue Flame or tortiously

 interfered with its contracts and business by informing California officials that Blue Flame’s

 account had been opened the day before by a political lobbyist.” Chain Bridge Mem. in Supp. of

 Mot. for Summ. Judgment Against Blue Flame 3, Dkt. 119. Chain Bridge continued, “Sharing

 that indisputably true information with the responsible California officials was rightful, not

 tortious.” Id.; see id. at 29 (“Blue Flame’s claims for tortious interference with contract (Count

 IV) and business expectancy (Count V) are [like the defamation claim] premised on allegations

 that Defendants ‘unilaterally contacted California officials and accused Blue Flame of fraud,

 without basis.’”) (quoting Compl. ¶¶ 128, 137). One can only assume, then, that the attorneys’

 fees Chain Bridge incurred defending these claims were spent on work that concerned Chain

 Bridge’s independent conduct.

        Driving home the point that the state-law claims arise from conduct distinct from the

 U.C.C. claims is the fact that the two categories of claims were brought against different

 defendants. Blue Flame brought the U.C.C. claims against Chain Bridge only (see Compl. 20,

 23), and the state-law claims against Chain Bridge and its two executive officers, David Evinger

 (President) and John Brough (CEO) (see id. at 27, 28, 32). The state-law claims were based on

 conduct by two individual officers while the U.C.C. claims arose from the institutional act of a

 wire cancellation. The U.C.C. provides indemnification only for the latter.

        Finally, there is no merit to Chain Bridge’s refrain (Mem. 1-2, 3, 8, 9) that the Court

 already decided the causation question at issue here. Chain Bridge overreads the Court’s opinion

 and fails to acknowledge the distinction between the causation issue at summary judgment and

 the analysis required now. At summary judgment, JPMC argued that Blue Flame’s damages

 would have accrued whether or not JPMC cancelled the wire because Chain Bridge would not



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 have given “Blue Flame unfettered access to the $456 million within enough time for Blue

 Flame to complete the deal with California.” JPMC MSJ Reply 6, Dkt. 158. The Court rejected

 that argument as “‘speculation.’” Blue Flame Med. LLC v. Chain Bridge Bank, N.A., 2021 WL

 4341111, at *14 (E.D. Va. Sept. 23, 2021). While JPMC respectfully disagrees with that

 conclusion, the causation point here is different. Here, JPMC asserts that Chain Bridge’s

 attorneys’ fees did not accrue “as a result of the cancellation” because the state-law claims are

 predicated on theories of liability distinct from the cancellation itself.

        C.      Fees Incurred As A Result Of State-Law Claims Must Be Excised From
                Chain Bridge’s Fee Demand

       Chain Bridge has made no effort to segregate the fees incurred on the three state-law

 claims (non-eligible for reimbursement) from the fees incurred on the two U.C.C. claims

 (eligible for reimbursement), with one ineffective exception. For defamation, in conclusory

 fashion, Chain Bridge has asserted that “Robbins Russell separately billed its fees and expenses

 related solely to defending against Blue Flame’s defamation claim,” which allegedly totaled

 $23,396.50. CB Mem. 9-10 n.3.3 But that sum appears to exclude certain entries for work spent

 on defamation claims. 4 Chain Bridge has failed to explain the methodology or tracking system it


 3       Chain Bridge asserts that it did so “for purposes relating to Chain Bridge’s discussions
 with its insurers” (Mem. 9 n.3), but the fact that it did so at all reveals that it understood the
 necessity of segregating fees spent working on specific claims. It failed to do so.
 4       The $23,396.50 total apparently represents the sum of entries from invoices titled “Blue
 Flame – Defamation”: from June 2020 ($1,391.50), July 2020 ($7,865.00), August 2020
 ($12,580.00), and July 2021 ($1,560.00). Ex. 1 to Burke Decl. at 13, 30, 40, 234. But those
 invoices (and that total) exclude: an entry from February 2021 titled “Email P. Fitzgerald
 regarding defamation claim,” an entry from March 2021 that specifically references the
 “defamation” section of the summary judgment brief, and several other entries that plainly
 included work on the defamation claim (e.g., “Draft state law claim section of reply brief for D.
 Burke”). Id. at 150, 169, 217. Chain Bridge understood that time entries pertained to
 defamation work even when they did not bear the label “defamation,” see id. 30 (including three
 entries titled “Edit Motion to Dismiss” under a Blue Flame-Defamation invoice), yet it failed to
 tally up all such entries. The $23,396.50 total also excludes three entries from Chain Bridge’s
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 used in tallying the $23,396.50 figure, and so has failed to justify it. Chain Bridge bears the

 burden of doing so and should be required to do so by identifying which time entries fall under

 which category. See Auto. Fin. Corp. v. EEE Auto Sales, Inc., 2011 WL 3422648, at *2 (E.D.

 Va. Aug. 3, 2011) (Brinkema, J.) (“proper documentation is key”).

 II.    CHAIN BRIDGE IS NOT ENTITLED TO “FEES ON FEES” INCURRED IN PURSUIT
        OF INDEMNIFICATION AND INSURANCE

        Chain Bridge not only seeks to recover fees it spent defending against Blue Flame’s state-

 law claims, but also it expects JPMC to pay for fees that Chain Bridge spent trying to recoup fees

 and expenses from JPMC and Chain Bridge’s insurers. Recovering fees incurred in pursuit of

 indemnification—so-called “fees on fees”—is not permitted absent an unmistakably clear

 directive, which Section 4A-211(f) lacks. Under the same principle, Chain Bridge is not entitled

 to recover for fees in pursuit of insurance.

        A.      “Fees On Fees” Are Available Only Where Specifically Authorized, And
                There Is No Such Authorization In Section 4A-211(f)

        “Under the general and ‘virtually unanimous rule,’ an indemnitee may recover only those

 attorney fees reasonably incurred in defending the claim indemnified against; the indemnitee

 may not recover attorney fees incurred in establishing the right to indemnity.” James

 Constructors, Inc. v. Salt Lake City Corp., 888 P.2d 665, 673 (Utah Ct. App. 1994); Wells Fargo

 Bank, N.A. v. Nat’l Bank of Com., 240 So. 3d 541, 547 (Ala. 2017) (“[T]he allowance of attorney

 fees is limited to the defense of the claim indemnified against and does not extend to services

 rendered in establishing the right of indemnity.”); In re Health Mgmt. Sys., Inc. Sec. Litig., 82




 insurance-coverage counsel (billed from January 9-January 10, 2021) relating specifically to the
 defamation claim. Ex. 2 to Burke Decl. at 32. To be clear, JPMC is not simply asking for those
 identified examples to be added to the defamation category; rather, these examples illustrate the
 unreliability of Chain Bridge’s characterizations and the need for clearer records.

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 F. Supp. 2d 227, 236 (S.D.N.Y. 2000) (“[W]here a party is provided with indemnification by

 statute or agreement, it is nevertheless not entitled to its fees for enforcing its rights against the

 indemnitor absent specific language to that effect.”), aff’d sub nom. Baker v. Health Mgmt. Sys.,

 Inc., 298 F.3d 146 (2d Cir. 2002). The same is true under federal law. See, e.g., In re Fitzgerald

 Marine & Repair, Inc., 619 F.3d 851, 864 (8th Cir. 2010) (“Under maritime law, ‘[a] contract of

 indemnity includes the obligation to pay the costs and attorneys fees of the indemnitee against

 the third party, but not the right to costs and fees in connection with establishing the right to

 indemnification unless expressly stated.’”); SPM Corp. v. M/V Ming Moon, 22 F.3d 523, 526 (3d

 Cir. 1994) (“[T]he costs of prosecuting the indemnity claim itself may not be recovered.”).

         This presumption against “fees on fees” derives from the American Rule, which requires

 that each side, winner and loser, bears its own attorneys’ fees. See Galante v. Queens Borough

 Pub. Libr., 2016 WL 4573978, at *6 (E.D.N.Y. Sept. 1, 2016) (explaining, “[s]tarting from the

 general American Rule,” why there was insufficient statutory authority for “fees on fees”). The

 American Rule is “a longstanding legal principle, and one ‘deeply rooted’ in our nation’s

 common law tradition, with origins dating back perhaps as early as 1796.” In re Crescent Cty.

 Ests., LLC, 588 F.3d 822, 825-26 (4th Cir. 2009); id. at 826 (noting judicial “duty to keep the

 American Rule intact”). Section 4A-211(f) preserves the American Rule in the “fees on fees”

 context because it lacks any indication that sending banks should have to pay fees spent by

 receiving banks in pursuing their claims for indemnification. The text of the provision covers

 “any loss and expenses, including reasonable attorney’s fees, incurred by the bank as a result of

 the cancellation.” If that language were deemed enough to encompass “fees on fees,” nearly

 every indemnification provision would do so, and that is clearly not the law. Cf. Hooper Assocs.,

 Ltd. v. AGS Computers, Inc., 548 N.E.2d 903, 905 (N.Y. 1989) (clause obligating defendant “to



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 ‘indemnify and hold harmless [plaintiff] … from any and all claims, damages, liabilities, costs

 and expenses, including reasonable counsel fees’” was “typical of those which contemplate

 reimbursement when the indemnitee is required to pay damages on a third-party claim” and

 lacked “language clearly permitting plaintiff to recover from defendant the attorney’s fees

 incurred in a suit against defendant”).

        For the same reason Chain Bridge cannot recover fees in pursuit of indemnification, it

 cannot saddle JPMC with the fees it spent exploring the scope of its private insurance coverage.

 The principle underlying the American Rule is that the “cost of recovering damages” is properly

 borne by the party that recovers damages, Bradford v. HSBC Mortg. Corp., 280 F.R.D. 257, 262

 (E.D. Va. 2012)—even if that “cost” of recovery depresses the total amount of recovery. Chain

 Bridge is free to engage legal help to maximize its amount of insurance recovery, but the cost of

 doing so cannot be shunted to JPMC.

        There is another problem here too: these insurance fees lack the requisite causal

 connection to the cancellation. It bears emphasis that Chain Bridge has failed to adequately

 specify what kind of insurance work its fees were spent on, including whether insurance was

 sought only for the state-law claims described above. Many of Chain Bridge’s entries are simply

 impossible to categorize. See Ex. 2 to Burke Decl. at 37 (“Checking in”); id. at 38 (“Memo”).

 But in any event, allowing insurance-fee recovery would put sending banks on the hook for any

 kind of expenses a receiving bank—even one like Chain Bridge who insists it was certain from

 the start of its “‘built in’” right to indemnification, see, e.g., Blue Flame Med., 2021 WL

 4341111, at *14—might opt to spend.

        To support “fees on fees,” Chain Bridge again cites Pike Creek (see Mem. 11-12). But

 Pike Creek has been roundly criticized for that holding, which occupies a “distinct minority”



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 position. Warren Drilling Co. v. Equitable Prod. Co., 621 F. App’x 800, 806 (6th Cir. 2015)

 (“[M]ost jurisdictions hold that, absent a clear statement to the contrary, the indemnified party

 may not recover attorney’s fees incurred in the course of determining the meaning or scope of an

 indemnity clause.”) (collecting cases); id. at 807 (“Just two jurisdictions appear to go the other

 way.”) (citing Pike Creek); Nova Rsch., Inc. v. Penske Truck Leasing Co., 952 A.2d 275, 288 n.6

 (Md. 2008) (Pike Creek embraces a “distinct minority view”).

        And Chain Bridge’s citation to Delaware state law (Mem. 12 (citing Stifel Fin. Corp. v.

 Cochran, 809 A.2d 555 (Del. 2002))), also provides it no help. In fact, it provides a helpful

 illustration of the rule that does not apply here. Under Delaware law, “fees on fees” are

 recoverable unless specifically disclaimed. See Rekor Sys., Inc. v. Loughlin, 2020 WL 6898271,

 at *16 (S.D.N.Y. Nov. 23, 2020) (“The Delaware Chancery Court has held that under Stifel, fees

 on fees are ‘an inherent right of [a] party materially successful in asserting a claim for

 indemnification or advancement,’ unless the applicable bylaws ‘specifically exclude’ them.”);

 see Weaver v. ZeniMax Media, Inc., 2004 WL 243163, at *7 (Del. Ch. Jan. 30, 2004) (“Under

 Stifel Financial, if a corporation does not want to incur the obligation to pay ‘fees on fees,’ it

 must expressly preclude any such right.”). In Stifel, the applicable bylaw permitted

 indemnification “to the ‘fullest extent permitted by law’” and there was “no express prohibition

 in the law against indemnification of expenses incurred in prosecuting the indemnification suit.”

 Stifel Fin., 809 A.2d at 560. Naturally, then, under the Delaware rule, “fees on fees” were

 recoverable. This case is not in Delaware state court, nor is it governed by Delaware law. And

 Delaware law runs contrary to the default rule. See Thor 725 8th Ave. LLC v. Goonetilleke, 675

 F. App’x 31, 34 (2d Cir. 2017) (“An award of ‘fees on fees’ requires ‘specific language to

 indicate that time spent in justifying a fee application was to be included.’”).



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        Chain Bridge also cites (Mem. 13-14) a number of fee cases that have no bearing here.

 For example, awarding fees under the removal statute (28 U.S.C. § 1447(c)) intends to “deter

 removals sought for the purpose of prolonging litigation and imposing costs on the opposing

 party.” Martin v. Franklin Cap. Corp., 546 U.S. 132, 140 (2005). There is no such deterrence

 objective here. Similarly inapplicable are fee-shifting statutes like the Clean Air Act and 42

 U.S.C. § 1988, which aim to “promote citizen enforcement of important federal policies.” Lyle

 v. Food Lion, Inc., 954 F.2d 984, 988 n.1 (4th Cir. 1992). No such incentive exists here.

 Instead, the default rule of no “fees on fees” applies.

        B.      Indemnification And Insurance Fees Must Be Excised From
                Chain Bridge’s Fee Demand

        Chain Bridge asserts (Mem. 11 n.4) that its “fees on fees” amount to “$343,929.50 to

 Robbins Russell and $31,280 to CRI Compliance.” A fee applicant must present its case using

 “billing time records in a manner that will enable a reviewing court to identify distinct claims,”

 Hensley v. Eckerhart, 461 U.S. 424, 437 (1983), not by mere say-so. Chain Bridge has failed to

 do so; for example, it billed over 8 hours to drafting and revising an outline for the deposition of

 Natalie Gonzales, an employee of the California State Treasurer’s Office. Ex. 1 to Burke Decl.

 at 21-22. During the Gonzales deposition, Chain Bridge pursued lines of questioning relating to

 its indemnification claim and relating to other claims. It is Chain Bridge’s burden to identify

 which time entries account for “fees on fees” and to subtract those from its fee demand.

        Furthermore, Chain Bridge has identified $158,650.50 in fees paid to “insurance-

 coverage counsel,” Weisbrod Matteis & Copley, “relating to legal advice about the assertion of

 coverage for Blue Flame’s claims.” CB Mem. 2. Chain Bridge has failed to identify the amount

 of time its litigation counsel, Robbins Russell, spent on insurance issues—much less explain

 whether any insurance analysis went to reimbursable U.C.C. issues or non-reimbursable state-


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 law issues. The time records from Robbins Russell make clear that it spent at least some time

 working on insurance. See Ex. 1 to Burke Decl. at 47 (“Emails re insurance issues”). Chain

 Bridge bears the burden of identifying which time entries count towards insurance fees; those

 fees must be subtracted from Chain Bridge’s award.

 III.   CHAIN BRIDGE IS NOT ENTITLED TO FEES IT WOULD HAVE INCURRED REGARDLESS
        OF THE U.C.C. CLAIMS

        Finally, certain issues are common to Blue Flame’s U.C.C. and state-law claims—most

 notably, discovery and briefing related to Blue Flame’s damages. JPMC should not be

 responsible for fees that Chain Bridge would have incurred regardless of the U.C.C. claims for

 which JPMC has been held to have an indemnification obligation, and it is Chain Bridge’s

 burden to identify which fees those are. Chain Bridge’s time records fail to do so. Moreover,

 those records often contain vague, abstract descriptions that preclude the necessary

 categorization and review.

        A.      Chain Bridge Has Failed To Disaggregate Fees It Would Have Incurred
                Absent The Indemnification-Triggering Conduct

        Federal courts apply a “but-for causation standard” to fee shifting where, as here, some

 categories of fees are reimbursable and others are not. Goodyear Tire & Rubber Co. v. Haeger,

 137 S. Ct. 1178, 1187 (2017) (fees shifted pursuant to court’s inherent sanctions authority); Fox

 v. Vice, 563 U.S. 826, 836 (2011) (fees shifted pursuant to 42 U.S.C. § 1988); Beastie Boys v.

 Monster Energy Co., 112 F. Supp. 3d 31, 58 (S.D.N.Y. 2015) (“strip[ping] out the legal work

 that, but for the Lanham Act claim, would not have been done”). 5 Specifically, the “complaining



 5       Where a fee-shifting provision uses language like “caused by” (Federal Rule of Civil
 Procedure 37(b)(2)(C)), “directly resulting from” (Rule 11(c)(4)), or “because of” (28 U.S.C.
 § 1927), it is particularly clear that “causal connection” is required. Goodyear Tire, 137 S. Ct. at
 1186 n.5. Here, of course, the fee-shifting provision permits recovery of attorneys’ fees incurred
 “as a result.” U.C.C. §4A-211(f). “[F]ee-shifting statutes’ similar language is ‘a strong
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 party … may recover ‘only the portion of his fees that he would not have paid but for’ the [fee-

 entitling claims].” Goodyear Tire, 137 S. Ct. at 1187 (quoting Fox); Caraway v. City of

 Elizabeth City, 854 F. App’x 472, 474 (4th Cir. 2021) (Where the fee applicant incurred

 expenses relating to both reimbursement-eligible and non-eligible claims, the court may award

 attorney’s fees … ‘only for costs that the [applicant] would not have incurred but for the

 [eligible] claims.”); Mulugeta v. Ademachew, 2019 WL 7945712, at *2 (E.D. Va. Nov. 6, 2019)

 (“Fees are awardable if they would not have been incurred but for the [reimbursement-eligible

 work].”). “When a ‘defendant would have incurred [an] expense in any event[,] he has suffered

 no incremental harm from the [fee-entitling] claim,’ and so the court lacks a basis for shifting the

 expense.” Goodyear Tire, 137 S. Ct. at 1187 (quoting Fox). 6

        The “but-for causation standard generally demands that a district court assess and allocate

 specific litigation expenses.” Goodyear Tire, 137 S. Ct. at 1187. “The court’s fundamental job

 is to determine whether a given legal fee—say, for taking a deposition or drafting a motion—

 would or would not have been incurred in the absence of the [fee-entitling claims].” Id. “The

 award is then the sum total of the fees that, except for the [fee-entitling claims], would not have

 accrued.” Id.


 indication’ that they are to be interpreted alike.” Independent Fed’n of Flight Attendants v.
 Zipes, 491 U.S. 754, 758 n.2 (1989).
 6       Fee-shifting in the sanctions context is shaped by the principle that sanctions “must be
 compensatory, not punitive.” Salgam v. Advanced Software Sys., Inc., 2020 WL 6322857, at *5
 (E.D. Va. July 2, 2020) (explaining rationale behind Goodyear’s causation standard). The same
 principle animates fee-shifting here. See U.C.C. § 4A-211 cmt. 5 (when a receiving bank
 “agrees to cancellation” it “should not incur a risk of loss in doing so”). Section 4A-211(f) is
 designed to make receiving banks whole for losses incurred as a result of a cancellation—not to
 punish sending banks by forcing them to cover expenses that receiving banks incurred as a result
 of distinct and independent conduct that happened to occur around the same time as the
 cancellation. That point is particularly salient here where Chain Bridge acted unilaterally vis-à-
 vis California and where the Court’s conclusion regarding indemnification was explicitly “not
 meant to punish or criticize JPMorgan.” Blue Flame, 2021 WL 4341111, at *14.

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        Here, Chain Bridge “would have incurred,” Goodyear Tire, 137 S. Ct. at 1187, many of

 its fees if the only claims asserted against it were ones not held to be eligible for fee-shifting—

 i.e., the state-law claims Blue Flame brought because of Chain Bridge’s unilateral, independent,

 and antecedent-to-cancellation communication with California. Those include, at least, fees

 expended on contesting the existence of Blue Flame’s damages, see Blue Flame, 2021 WL

 4341111, at *12 (granting summary judgment on tortious interference claims “for the same

 reason that Count I failed: there is insufficient evidence in this record from which a reasonable

 factfinder could conclude that Blue Flame could have fulfilled California’s order and that

 California would not have cancelled the contract and insisted on a return of the funds in that

 event”), and general litigation management (or at least some allocable portion of it), see, e.g., Ex.

 1 to Burke Decl. at 175 (“Weekly team strategy meeting”).

        “To whatever extent any portion of the fee claim cannot be segregated into the allowable

 component and the component that is not allowed, that risk should be borne by the fee

 claimants.” Madeira v. Affordable Hous. Found., Inc., 323 F. App’x 89, 92 (2d Cir. 2009). The

 Fourth Circuit recognizes that “some claims may have such a common core of facts and legal

 theories so as to prevent any allocation of the fees to the applicant’s separate claims,” but it

 “admonish[es] all parties that a blind adherence to this argument runs the risk of incurring a

 complete denial of fees.” Fair Hous. Council of Greater Washington v. Landow, 999 F.2d 92, 97

 (4th Cir. 1993). Chain Bridge’s fee demand reflects such a “blind adherence,” id., as it has

 declined thus far to separate any single time entry from any other. Moreover, it ignores the basic

 deficiencies in certain descriptions. For example, Chain Bridge’s counsel billed 7.70 hours to

 “Draft deposition outline.” Ex. 1 to Burke Decl. at 72; see also id. at 71 (billing 2.50 hours to

 same); id. at 73 (billing 6.80 hours to same). It is unclear whether that deposition outline was for



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Case 1:20-cv-00658-LMB-IDD          Document 213          Filed 12/07/21    Page 28 of 31 PageID#
                                            5647



 the non-reimbursable, indemnification-related deposition of Charles Grice (Chain Bridge’s

 expert on indemnification) or for a different witness.

        Chain Bridge’s failure to isolate its indemnifiable fees from its non-indemnifiable fees is

 particularly unjustified because Chain Bridge has known, from the earliest days of this litigation,

 that it would have that obligation. See In re Navidea Biophamaceuticals Litig., 2021 WL

 2323380, at *1 (S.D.N.Y. Apr. 21, 2021), report & recommendation adopted sub nom. In re

 Navidea Biopharmaceuticals Litig., 2021 WL 2156276 (S.D.N.Y. May 27, 2021) (“[I]t should

 have been abundantly clear to … counsel, from the get-go, that, should their client wish to seek

 … indemnification … of his attorneys’ fees in this case, he would have to be able to segregate

 the time spent by counsel in defending each of the different claims[.]”). As in Navidea, Chain

 Bridge’s lawyers “failed to make efforts to identify the particular claims on which they were

 working.” Id. 7

        Finally, Chain Bridge failed to describe its fees with appropriate particularity. Thus,

 JPMC has also been unable to determine whether they are “excessive, redundant, or otherwise

 unnecessary,” Hensley, 461 U.S. at 434, in violation of Section 4A-211(f)’s provision for

 “reasonable” attorneys’ fees. As just one example, a time entry called “Update cast of

 characters” charges JPMC $1,331. Ex. 1 to Burke Decl. at 83. It is unclear what that means and



 7      “Inadequate documentation includes the practice of grouping, or ‘lumping,’ several tasks
 together under a single entry, without specifying the amount of time spent on each particular
 task.” Guidry v. Clare, 442 F. Supp. 2d 282, 294 (E.D. Va. 2006). This practice is known as
 “block billing,” and it is inadequate for fee applications because it renders courts unable “to
 ascertain how much time was spent on each task for which a fee is requested.” Jones v.
 Southpeak Interactive Corp. of Del., 2014 WL 2993443, at *9 (E.D. Va. July 2, 2014), aff’d,
 777 F.3d 658 (4th Cir. 2015). The problem is particularly pronounced here where fees for some
 block-billed tasks are reimbursable while others are not. See Ex. 1 to Burke Decl. at 35 (“Work
 on draft MTD reply, including revisions to brief, reviewing comments from clients and emails re
 same, discussion with insurance counsel, and finalizing for filing”) (emphasis added).

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Case 1:20-cv-00658-LMB-IDD          Document 213        Filed 12/07/21     Page 29 of 31 PageID#
                                            5648



 therefore whether 2.20 hours is an excessive amount of time to spend on it. See also id. at 143

 (“Deposition matters.”); id. at 146 (“Review correspondence.”). JPMC reserves all rights to

 challenge not only the recoverability but the reasonableness of Chain Bridge’s fees, upon

 production of appropriately particularized supporting documentation.

        B.      Fees That Would Have Been Incurred Absent Blue Flame’s U.C.C. Claims
                Must Be Excised From Chain Bridge’s Fee Demand

        As with the other categories of excludable fees, it is Chain Bridge’s burden to identify,

 with particularity, fees that would have been incurred absent Blue Flame’s U.C.C. claims and to

 subtract those from its fee demand.

                                         CONCLUSION

        Respectfully, the Court should deny Chain Bridge’s motion with prejudice as to fees and

 expenses related to (1) non-U.C.C. claims, (2) fees in pursuit of its indemnification and

 insurance, and (3) fees that would have been incurred in the absence of the U.C.C. claims.

 JPMC does not oppose Chain Bridge being granted an opportunity to submit a revised fee

 request as to those fees and expenses unrelated to the above categories, accompanied by

 sufficiently detailed documentation to enable adequate review.




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Case 1:20-cv-00658-LMB-IDD   Document 213   Filed 12/07/21      Page 30 of 31 PageID#
                                     5649



  Dated: November 18, 2021            Respectfully submitted,

                                      WILMER CUTLER PICKERING HALE
                                      AND DORR LLP

                                      /s/ Meredith K. Loretta
                                      Meredith K. Loretta (92369)
                                      Albinas J. Prizgintas (pro hac vice)
                                      Whitney Russell (pro hac vice)
                                      1875 Pennsylvania Avenue N.W.
                                      Washington, DC 20006
                                      Tel.: (202) 663-6981
                                      Fax: (202) 663-6363
                                      meredith.loretta@wilmerhale.com

                                      Alan E. Schoenfeld (pro hac vice)
                                      Marissa W. Medine (pro hac vice)
                                      7 World Trade Center
                                      250 Greenwich Street
                                      New York, NY 10007
                                      Tel.: (212) 230-8800
                                      Fax: (212) 230-8888
                                      alan.schoenfeld@wilmerhale.com

                                      Felicia Ellsworth (pro hac vice)
                                      60 State Street
                                      Boston, MA 02109
                                      Tel.: (617) 526-6000
                                      Fax: (617) 526-5000
                                      felicia.ellsworth@wilmerhale.com

                                      Margarita M. Botero (pro hac vice)
                                      1225 17th Street, Suite 2600
                                      Denver, CO 80202
                                      Tel.: (720) 274-3135
                                      Fax: (720) 274-3133
                                      margarita.botero@wilmerhale.com


                                      Attorneys for Third-Party Defendant
                                      JPMorgan Chase Bank, N.A.




                                     24
Case 1:20-cv-00658-LMB-IDD         Document 213        Filed 12/07/21      Page 31 of 31 PageID#
                                           5650



                                 CERTIFICATE OF SERVICE

        I certify that on this 18th day of November, 2021, I electronically filed the foregoing

 using the Court’s CM/ECF system, which will then send a notification of such filing to all

 counsel of record.

                                                 /s/ Meredith K. Loretta
                                                 Meredith K. Loretta
                                                 1875 Pennsylvania Avenue N.W.
                                                 Washington, DC 20006
                                                 Tel.: (202) 663-6981
                                                 Fax: (202) 663-6363
                                                 meredith.loretta@wilmerhale.com




                                                25


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