According to attorneys representing Block & Leviton LLP (B&L) and Hagen’s Berman Sobol Shapiro LLP, negotiations between six law firms worth more than $ 8.3 million in attorneys’ fees arising from the $ 25 million class-action settlement Tezos filed have turned into an “unpleasant filth.” “. …

A $ 25 million settlement was approved with Tezos (XTZ) in September, ending a class-action lawsuit alleging that the company was distributing unregistered securities through its First Coin Offer (ICO) in 2017.

On October 7, the two companies contacted US District Judge Richard Seaborg with a request to reject the September offer of attorneys’ fees from Hong Jie Ta-esk. PLLC (HGT), LTL LLP attorneys, Restis Law Firm PC, and Lite DePalma Greenberg LLC.

The movement sought an order forcing Block & Leviton to return funds that it had “unilaterally” allocated to themselves and other companies, describing the company’s actions as “rude behavior.”

According to HGT, B&L distribution will allocate 25% of the total royalties to itself and 50% to Robbins Geller, a company that was involved in the case but was not involved in the case.

However, the attorneys representing Block described the HGT movement as “dedicated to throwing away hateful dirt, inaccurate allegations of fraud and unfounded allegations of professional misconduct”, arguing that the HGT legal group has been aware of the fee distribution since December 2019 .:

“[HGT] did not propose another distribution of taxes until after the taxes were distributed and handed over to B&L, try to distribute the money […] None of these reckless accusations will stand up.”

Source: CoinTelegraph

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