Attys Shouldn't Get $300M Slice Of Forex Deal, Objector Says

Law360 (April 3, 2019, 8:09 PM EDT) -- The sole objector to a $300 million fee award for the firms that scored an investor class billions of dollars in settlements from banks in the sweeping forex scandal is asking the Second Circuit to cut that award by $112 million.

In his appellate brief Tuesday, Keith Kornell said U.S. District Judge Lorna G. Schofield’s outsize award of 13% of the gross settlement fund to Scott & Scott Attorneys at Law LLP and Hausfeld LLP included a risk multiplier for work done even after several of the 16 major banks agreed to settle allegations that they rigged interest rates in the foreign...

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Court

Appellate - 2nd Circuit

Nature of Suit

3410 STATUTES-Antitrust

Date Filed

December 10, 2018

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