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...

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