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Objector To $300M Forex Fee Award Must Post Appeal Bond

Law360 (March 1, 2019, 7:22 PM EST) -- A New York federal judge on Thursday ordered that an objector to a $300 million attorney fees award in sprawling litigation that claims 15 banks plotted to rig benchmarking rates in the foreign exchange markets must post a bond for the appeal.

Keith Kornell must pay $1,328 to cover taxable costs for his appeal, far short of the nearly $1.4 million that investors had requested. U.S. District Judge Lorna G. Schofield said the investors had not shown any rule that allows them to recover costs from a delayed case.

"The Court's award is limited to taxable costs as Plaintiffs have not...

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Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

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Case Title

Subscribers Only

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Court

New York Southern

Nature of Suit

Anti-Trust

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Date Filed

November 1, 2013

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