Judge Will Allow Class To Object To $75M State Street Fees

Law360, Boston (March 24, 2017, 8:01 PM EDT) -- A federal judge in Massachusetts said Friday that he would like to let class members in a $300 million settlement with State Street Corp. over its foreign exchange practices object to the allegedly overstated legal fees in the case, once the special master is finished with his probe.

Senior U.S. District Judge Mark Wolf said in Friday's order that his thinking had evolved about the complicated issues in the controversial case after hearing from Labaton Sucharow LLP and the Center for Class Action Fairness.

Judge Wolf proposes allowing class members to object to the $75 million in fees, which Labaton has...

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!