BNP Paribas should be looking at the “mid-range of the billions” if it wants to settle a class-action human rights suit after three bellwether plaintiffs won over $20 million at trial, the plaintiffs’ attorney said.
“We’re certainly in the B range,” Kathryn “Lee” Boyd, of Hecht Partners, told me on Monday. “We’ve always been open to settlement. The bank has been the one not open.”
A jury in Manhattan federal court on Friday found the bank liable for knowingly helping a Sudanese dictator sell oil so the regime could use the proceeds for a violent ethnic cleansing campaign.
The ...
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