Editor’s Note: This story has been updated to reflect comments from Boies Schiller and the correct amount of damages awarded to Metavante following the May trial.
The folks over at Emigrant Savings Bank won’t easily forget Kirkland & Ellis. In May, after a breach of contract bench trial before Milwaukee federal district court judge J.P. Stadtmueller, Kirkland won a ruling that permitted its client, Metavante Corp., to keep $3.8 million that Emigrant wanted — and granted Metavante $2 million in damages. That was bad, but here’s a big, fat insult to add to that injury: Last Friday the judge ordered Emigrant to pay nearly $10 million in attorney fees and costs to Kirkland and a Wisconsin firm.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Not a Bloomberg Law Subscriber?
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]