Investors Seek $63M Atty Fees In Deutsche, HSBC Libor Deals

By Jon Hill (August 28, 2018, 7:23 PM EDT) -- Investors who reached $340 million in settlements earlier this year with Deutsche Bank and HSBC in multidistrict litigation over alleged manipulation of the London Interbank Offered Rate have asked a New York federal judge to award nearly $63.4 million in fees and expenses for their counsel, Susman Godfrey LLP and Hausfeld LLP.

The so-called over-the-counter investors told U.S. District Judge Naomi Reice Buchwald on Friday that they're seeking a nearly $62.8 million interim award of attorneys' fees and a little more than $600,000 for unreimbursed litigation expenses, to be paid out of the fund created by their settlements with Deutsche Bank...

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