Profile image
By Competitive Enterprise Institute (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Thornton Law, others to pay $2m for probe of their bills

Thursday, April 6, 2017 7:09
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Boston Globe discusses a class action suit against State Street Bank and Trust 

But when Judge Wolf asked the lawyers, including those from Thornton, whether they would have any difficulty responding to questions from the new special master, Rosen, they said no. Evidence gathered in a civil investigation could be used in criminal proceedings, as well.

“I don’t anticipate any problems,” said Brian Kelly, who represents Thornton Law.

Wolf said the special master may ultimately find the fee award reasonable, or he may want to reduce it. He could also recommend sanctions if he finds misconduct, Wolf said, citing state and federal rules barring lawyers from making false statements.

Wolf delayed deciding whether Ted Frank, a lawyer with the Competitive Enterprise Institute think tank in Washington and a leading critic of excessive fees in class-action cases, can intervene in the case, as he has requested.

The plaintiffs’ lawyers opposed his involvement.

“It’s ironic, because any corporation caught telling investors something this misleading would surely face litigation from Labaton and Thornton,” Frank said after the hearing.

“One hopes affected investors step forward and do something about it.”

Read the full article at Boston Globe

Wednesday, March 8, 2017
Referenced experts: 
Ted Frank
Media appearance type: 


Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.