Firms Want $2M In Fees For Quantum Accounting Settlement

Law360 (October 11, 2019, 5:50 PM EDT) -- Kirby McInerney and Glancy Prongay & Murray asked a California federal court Thursday for roughly $2 million in fees for their efforts securing a tentative $8 million from data storage company Quantum Corp. to resolve a shareholder lawsuit over its accounting practices.

The firms also asked for about $101,000 in reimbursement for expenses, saying they spent more than 2,000 hours on work related to the litigation and achieved an "excellent result" for the investors.

"Lead counsel's extensive efforts and skill led to the settlement and strongly support the requested percentage fee," according to their motion for the fees.

The shareholders have...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS