Judge Cote originally directed S&C to file its fee request by May 28, but the docket indicates that she extended that deadline several times. We’d marked our calendars with the latest due date, but when we checked the docket Tuesday morning, we were met with a big disappointment: Sullivan & Cromwell has settled with the plaintiffs firms.
The three-page settlement agreement indicates that the plaintiffs lawyers, Jules Brody and Kenneth Vianale, and their firms are jointly and severally liable for paying S&C’s client, ANZ, in accordance with Judge Cote’s May 11 sanction order. But the agreement–alas!–does not specify the amount the plaintiffs lawyers will pay for S&C’s fees. So we’re still in the dark about the firm’s billing rates and hours.
Penny Shane, S&C’s lead lawyer on the case, told us that the settlement resolves all issues and ends the case, but declined additional comment. Plaintiffs lawyer Vianale declined to comment.