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Browse: Home / 2010 / June / 25 / Court Approves $225M Comverse Settlement, $56M in Attorneys’ Fees

Court Approves $225M Comverse Settlement, $56M in Attorneys’ Fees

By Securities Docket on June 25, 2010, 10:29 am

U.S. District Judge Nicholas Garaufis  has approved a $56 million fee for law firm Pomerantz Haudek Grossman & Gross for its work as lead counsel in a class action over alleged backdating against Comverse Technology Inc., the NY Law Journal reports.

Yesterday, Judge Garaufis approved a fee of 25 percent of a $225 million settlement, which the judge also signed off on in In re Comverse Technology Inc. Securities Litigation.

NY Law Journal: $56 Million Fee Approved in Class Action Over Backdating.

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Posted in Class Actions, Top | Tagged Fees, Settlements

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