A U.S. judge reduced the legal fees requested by law firm Gibson, Dunn & Crutcher in a securities case, citing 'unreasonable' hourly rates for lawyers in the Miami legal market.
Dollar banknotes are seen in this picture illustration taken April 28, 2017. REUTERS/Dado Ruvic/IllustrationVeteran Gibson Dunn partners represented investment fund
The judge, approving a U.S. magistrate's analysis, said that $700 an hour was a reasonable fee for the case in the Miami market.Peak One of securities violations and other matters, and said Peak's transactions involving the company harmed its financing efforts. Gayles dismissed the lawsuit in March.from a federal magistrate who said the rates from Gibson Dunn were above the "prevailing" amount in South Florida. Defining a market rate is a threshold question in fee disputes.
Peak One's lawyers included Gibson Dunn partners Helgi Walker in Washington, D.C., and Barry Goldsmith in New York. Goldsmith and Walker sought a discounted rate of $950 in the firm's overall request for $222,000 in fees.national U.S. firms to open offices there over the last couple of years. Torres nodded to "the global increase in legal professionals" in South Florida.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Miranda Lambert Releases First-Ever Signature Guitar With Gibson: Shop It HereCountry star Miranda Lambert collaborates with Gibson to create her own version of the classic Hummingbird guitar, encouraging musicians, especially young girls, to pursue their dreams.
Read more »
Miami Top Cop's Life Saved by Wife During Attempted Suicide: LawyerMiami-Dade Police Director Alfredo 'Freddy' Ramirez's wife saved his life during a suicide attempt last month when she seized his arm, their lawyer said Monday in a statement. The couple was driving home July 23 after they had a spat at the JW Marriott in Tampa, where they were staying for a sheriff's conference, and police briefly placed Ramirez in handcuffs. Hours later, Ramirez, 52, allegedly shot himself in the head on Interstate 75 in front of his wife of 30 years, Jody Ramirez.
Read more »
Florida suspect arrested for allegedly stealing lobsters from Miami restaurantJoseph Paul Putzulu has been arrested and charged with burglary and grand theft after being caught on video stealing over $1,000 worth of lobster from a Miami eatery. The suspect was identified through video surveillance and was found to be the same person who had stolen lobsters from the restaurant previously.
Read more »
Divers Discover 32 Cars in Florida Lake near Miami International AirportVolunteer divers searching for answers in cold cases have uncovered 32 cars submerged in a lake near Miami International Airport in Doral, Florida. Investigator Doug Bishop, from the nonprofit United Search, and his colleague Ken Fleming, embarked on the dive to assist in solving a missing person case related to the airport.
Read more »
Kia Rolls Out EV9 at Electrify Expos in NY, Seattle, MiamiKia will showcase its EV9 SUV at the Electrify Expo in New York, along with other electric vehicles like the EV6 and Niro, as part of their commitment to zero-emission driving.
Read more »