Pomerantz Gets $56M In Fees In Comverse Action

Law360, New York (June 25, 2010, 5:32 PM EDT) -- Pomerantz Haudek Grossman & Gross LLP will collect $56 million for its work as lead counsel in a backdating class action against communications technology company Comverse Technology Inc., with a federal judge finding that the firm's bid for 25 percent of the $225 million settlement in the case is fair and reasonable.

Judge Nicholas G. Garaufis of the U.S. District Court for the Eastern District signed off Wednesday on an order conferring final approval for the $225 million settlement pact and awarding Pomerantz Haudek one-fourth of...
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