February 28, 2020 / 9:20 PM / a month ago

Judge cuts $15 million in State Street case fees over law firm 'misconduct'

A federal judge has found that misconduct by the plaintiffs’ law firms behind a $300 million class action settlement with State Street Corp and false claims they made about their billing rates warrant slashing the $75 million in fees he awarded them by $15 million.

U.S. District Judge Mark Wolf in Boston on Thursday in a long-awaited ruling held that law firms including Labaton Sucharow had filed paperwork in support of his initial 2016 fee award “replete with material false and misleading statements.”

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2vpbyXn

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