Jun 24, 2010
$56 Million Fee Approved in Class Action Over Backdating
A New York federal judge has approved a $56 million fee for Pomerantz Haudek Grossman & Gross for its work as lead counsel in a class action over alleged backdating against Comverse Technology. Judge Nicholas Garaufis on Thursday 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