The majority’s recommendation for a six-month suspension next goes before the Board of Bar Overseers, which will decide what sanction to recommend for the Supreme Judicial Court to impose.
Counsel for Bradley declined to comment when reached Monday. Representatives for the Board of Bar Overseers were not immediately available for comment.
Thornton, Labaton Sucharow LLP and Lieff Cabraser Heimann & Bernstein LLP were awarded $75 million in fees in 2016 from State Street Corp.’s $300 million settlement of claims that it cheated its customers out of millions by manipulating exchange rates on foreign exchange trades.
Allegations of double-billing and inflated hourly rates for counsel sparked a thorough review by the federal court — including the appointment of a special master — and concluded with the eight-figure fee award being slashed by $15 million.
A partner and co-counsel in the case, Bradley on Sept. 14, 2016, approved the firm’s calculation of its legal services and costs that would go along with documents from the two other firms for the court to calculate the lodestar amount.
