Firms In State Street Row Should Cut $10.6M In Fees: Report

Law360, Boston (June 28, 2018, 8:12 PM EDT) -- A former federal judge serving as special master in a billing dispute following a $300 million State Street fraud settlement recommended that three law firms, Labaton Sucharow LLP, Thornton Law Firm LLP and Lieff Cabraser Heimann & Bernstein LLP, return up to $10.6 million of $75 million in attorneys' fees in a report unsealed Thursday in Massachusetts federal court.

The long-awaited 377-page report, prepared by former federal Judge Gerald Rosen, lays out his recommendations for what went wrong in calculating the fee, which came following a $300 million class action settlement reached by the three firms with State Street Corp. and...

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