Judge Slashes Milberg Fee Request

Law360, New York (January 30, 2007, 12:00 AM EST) -- A judge has awarded Milberg Weiss & Bershad and other firms about a third of what they requested in fees and expenses for representing the plaintiffs in a lawsuit filed over the accounting scandal at Nortel Networks Corp., but attorneys will still get a paycheck of more than $37 million.

Judge Richard Berman of the U.S. District Court for the Southern District of New York said in an order Monday that the requested payment was excessive. He said that 3% of the gross cash settlement fund...
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