A federal judge has set a hearing for Wednesday to decide whether to appoint new class counsel in a securities class action against State Street following a special master’s report into potential overbilling in a $75 million attorney fee request.
In an order on Friday, U.S. District Judge Mark Wolf in Boston said he would address concerns by three plaintiffs firms currently serving as class counsel to State Street customers—San Francisco’s Lieff Cabraser Heimann & Bernstein, New York’s Labaton Sucharow and the Thornton Law Firm in Boston—about the deadline to propose redactions to the report, which the special master, retired U.S. District Chief Judge Gerald Rosen of the Eastern District of Michigan, filed under seal on May 14. Wolf also said he would address the scope of materials that Rosen wants to make public.
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