Attys Must Show Work For $23M Fees In American Realty Deal

Law360 (January 3, 2020, 9:55 PM EST) -- A New York federal judge pointed to a lack of billing records on Friday as he held off approving nearly $23 million in attorney fees requested by derivative plaintiffs in a case revolving around allegedly shady accounting practices at the real estate business formerly known as American Realty Capital Properties.

U.S. District Judge Alvin K. Hellerstein issued a two-page order directing the parties seeking $22,920,000 in fees and $594,882 in expenses to file billing records and other relevant information with the court by Jan. 10.

"Unless derivative plaintiffs' counsel provides contemporaneous and detailed billing records showing services they performed in each...

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