May 31, 2018 / 12:54 AM / 7 months ago

Law firms may have to repay 'significant' part of $75 mln State St fees - judge

A federal judge on Wednesday said he was considering a sealed report’s recommendation that he require three law firms to repay a “significant amount” of the $75 million in fees they received as part of a $300 million settlement with financial services provider State Street Corp.

U.S. District Judge Mark Wolf in Boston said a sealed report by a retired federal judge he appointed to probe the firms’ billing records had also raised questions about the extent one of them, Labaton Sucharow, engaged in “misconduct.”

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