Hausfeld, Susman Win $63M In Attys' Fees In Libor MDL

By Michael Macagnone (October 26, 2018, 6:43 PM EDT) -- Susman Godfrey LLP and Hausfeld LLP won nearly $63 million in attorneys' fees Thursday out of a $340 million settlement resolving allegations in multidistrict litigation that Deutsche Bank AG and HSBC Inc. were involved in a scheme to manipulate the London Interbank Offered Rate for short-term loans.

The $62.8 million in fees, which according to U.S. District Judge Naomi Reice Buchwald's Thursday order come from the settlement amount, are to be distributed by Susman and Hausfeld, the two primary firms representing the class of over-the-counter investors who were exposed to the allegedly doctored Libor rate outside of a stock exchange. The order came a day after Judge Buchwald...

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