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$120M Barclays Deal Attys Reduce Fee Request By $8M

Law360, New York (November 16, 2017, 8:51 PM EST) -- Lawyers who sought 30 percent of a $120 million settlement they struck with Barclays PLC for investors who accused the bank of manipulating the London Interbank Offered Rate told a New York federal judge on Wednesday that they’d accept just 20 percent of the settlement pot for now after she raised questions about the payout.

Attorneys with Hausfeld LLP and Susman Godfrey LLP who represent over-the-counter investors in Libor-linked financial products had sought $31.8 million in fees and $13.3 million in costs from the Barclays settlement. U.S....
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