State Street Corporation
Financial Services |
Banks & Credit Unions
1 LINCOLN STREET, Boston, MA 02111
Recent News About State Street Corporation
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BOSTON (Legal Newsline) - The judge who cut the fees of prominent class-action firm Lieff Cabraser by more than $1 million for alleged misconduct in a long-running lawsuit against State Street Bank & Trust now says he needs his own lawyer to defend that decision before the U.S. Court of Appeals for the First Circuit.
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BOSTON (Legal Newsline) - A lawyer at the center of the scandal over the $300 million settlement of a State Street securities case told a federal judge in Boston it was “stupid and sloppy” to sign a false application for his firm’s share of $75 million in fees, but he didn’t intend to mislead the court.
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BOSTON (Legal Newsline) - The federal judge who ordered a wide-ranging investigation into the fee practices of Labaton Sucharow and a Massachusetts law firm in the $300 million State Street Bank & Trust case isn’t done asking questions yet.
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BOSTON (Legal Newsline) - Labaton Sucharow revealed it has agreed to pay referral fees to outside lawyers in almost a third of its open lawsuits, responding to prodding from the judge overseeing the scandal-tinged, $300 million State Street Bank & Trust case.
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The federal judge who unleashed a wide-ranging investigation into the fee practices of Labaton Sucharow was unimpressed by the class action firm’s agreement to install an ethics monitor and revamp its rules.
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BOSTON (Legal Newsline) - Securities class action firm Labaton Sucharow has reached a tentative truce with the special master investigating questionable activities that include a $4.1 million referral fee paid to a lawyer who did no work but served as the middleman between Labaton and an Arkansas pension fund that served as lead plaintiff in a lawsuit against State Street Bank and Trust.
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State Street settlement fiasco has Ark. lawmakers questioning state's role in class actions
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A federal judge unsealed a lengthy report accusing Labaton Sucharow and a Massachusetts law firm of deliberately misleading the court about how it distributed the fees in a $300 million settlement with State Street Bank and Trust Co., including $4.1 million paid to a Houston lawyer who did no work on the case.
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Labaton Sucharow, having failed to get a federal judge to recuse himself, asked him to turn over records of any out-of-court communications with the special master probing allegations that Labaton overcharged its clients and improperly shared part of its $75 million fee.
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An Arkansas pension fund has retained a law firm with expertise in criminal and corporate investigations as arguments over $75 million in class action attorney fees continue in federal court.
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BOSTON (Legal Newsline) - The public might not get to view the findings of a special master tasked with examining why a $300 million class action settlement included inflated hourly rates and a suspicious $200,000 payment to a public defender who is the brother of one of the lead plaintiffs lawyers.
