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.
