Law Firms Seek $25 Million From Libor Settlement

Two U.S. plaintiffs law firms have asked a Manhattan federal judge to award them $25.2 million in legal fees for their most recent settlement in antitrust litigation against major banks that has netted deals worth $781 million so far.

Law firms Susman Godfrey and Hausfeld on Friday submitted their request for fees to U.S. District Judge Naomi Reice Buchwald, who is presiding over claims in Manhattan federal court that a group of banks conspired to manipulate the Libor benchmark interest rate, including during the financial crisis.

The fee award would add to others worth more than $100 million for the two firms so far.

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