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...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!