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Arkansas Teacher Retirement System v. State Street Corporation et al

  1. April 09, 2021

    Lieff Wants To Know Why Overbilling Probe Cost So Much

    Lieff Cabraser Heimann & Bernstein LLP, one of three firms whose billing practices were probed by a special master following a 2016 settlement with State Street Corp., asked a Massachusetts federal judge Thursday to explain how the review ended up costing more than double its estimated price tag.

  2. March 12, 2021

    Lieff Cabraser Can't Freeze $1M State St. Fee Cut Amid Appeal

    Lieff Cabraser Heimann & Bernstein LLP failed to persuade a Massachusetts federal judge Friday to freeze $1.1 million of its fee slated for repayment in the wake of an overbilling scandal connected to a $300 million settlement with State Street Corp.

  3. January 27, 2021

    Lieff Wants To Appeal $1M State St. Fee Cut Before Paying It

    Lieff Cabraser Heimann & Bernstein LLP asked a federal judge Wednesday to hold off on ordering the firm to pay out a $1.1 million chunk of its fee for work on a years-old $300 million settlement with State Street Corp. so it can ask the First Circuit whether the repayment is justified. 

  4. April 09, 2020

    Lieff Cabraser Fights Order To Repay $1M In State Street Deal

    Lieff Cabraser said Thursday that it plans to challenge a $1.1 million repayment ordered by a Massachusetts federal judge who said the firm had overbilled a class of investors in a $300 million settlement with State Street Corp. over its foreign exchange practices.

  5. March 06, 2020

    Labaton Rebuke Sends Message: Botch Fees And Pay A Price

    By slashing $15 million in fees from Labaton Sucharow LLP and Thornton Law Firm LLP for a $300 million State Street Corp. settlement, a federal judge sent a sharp warning to the class action bar to remain vigilant about attorney fee fundamentals, or else risk an embarrassing and possibly expensive fight.

  6. February 27, 2020

    3 Firms See $15M Chopped From State Street Fees

    A federal judge on Thursday slashed attorney fees for Labaton Sucharow, Thornton Law and Lieff Cabraser from $75 million to $60 million, ending a yearslong battle over alleged overbilling in the State Street Corp. case with an order stating "not all lawyers can be trusted."

  7. August 19, 2019

    Thornton Slams Ex-Judge For 'Misleading' Court In Fee Fight

    Thornton Law Firm LLP on Friday hammered a retired federal judge tasked with overseeing a messy $75 million fee fight following a $300 million State Street Corp. settlement over its foreign exchange practices, saying he was "intentionally misleading" the court about why a quote in his report had been erroneously attributed to a Thornton partner.

  8. June 26, 2019

    Labaton Chair Decries 'Unfair' Criticism Of Firm's Political Ties

    Scrutiny of campaign contributions and other political connections that may have helped Labaton Sucharow secure clients has been "extraordinarily unfair," the firm's chairman testified in Boston federal court Wednesday at a hearing about allegedly improper practices by it and two other firms in a class action against State Street.

  9. June 25, 2019

    Thornton Atty Admits To 'Stupid Mistake' In State Street Case

    The managing partner at Thornton Law Firm testified in Boston federal court Tuesday that he signed a false declaration in support of attorney fees without ever reading it in full, saying he made a "stupid mistake" in a $300 million class action settlement with State Street in which the billing practices of three firms have been called into question.

  10. June 24, 2019

    $75M Fee Award In State Street Row Faces Judge's Scrutiny

    A Boston federal judge heard arguments Monday on whether to reduce a $75 million attorney fee award for three firms that brokered a $300 million class action settlement with State Street Corp., saying the firms may have misled him about how fees are typically calculated in massive deals like this one.

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