Law Firms That Double-Billed For Staff Attys Face $2M Probe

Law360, New York (February 6, 2017, 4:17 PM EST) -- Three law firms that got $75 million in fees in a class action settlement against State Street Corp. may have to pay up to $2 million to have their own conduct investigated after they were caught pumping up the hours worked on the case, a Massachusetts federal judge said Monday.

Labaton Sucharow LLP, Thornton Law Firm LLP and Lieff Cabraser Heimann & Bernstein LLP secured $300 million on behalf of plaintiffs who said they were hit with hidden fees for foreign exchange trades. In a November letter to the court, the firms said they mistakenly overstated the value of their work by...

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