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Forex Investors Want $300M Fee Objector To Post Bond

Law360, London (January 10, 2019, 9:32 PM GMT) -- An investor class that has secured $2.3 billion in settlements over claims that 15 banks plotted to rig benchmarking rates in the foreign exchange markets told a New York federal court on Wednesday that the lone objector to the $300 million attorneys' fees award should have to post bond.

The investors said objector Keith Kornell's qualms with the fees awarded in November to Scott & Scott Attorneys at Law LLP and Hausfeld LLP appear not only to be meritless but also to have been raised in bad faith, thus warranting an order for Kornell to post a nearly $1.4 million bond...

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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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