Bernstein, Others Get $9M In Fees In Comverse Action

Law360, New York (July 2, 2010, 10:57 AM EDT) -- A federal judge has signed off on a $62 million deal to resolve two derivative actions against Comverse Technology Inc. over an alleged backdating scandal, awarding $9.35 million in fees to the plaintiffs' counsel from Milberg LLP, Barroway Topaz Kessler Meltzer & Check LLP and Bernstein Litowitz Berger & Grossmann LLP.

The federal and state actions, effectively consolidated in the U.S. District Court for the Eastern District of New York, were dismissed with prejudice Thursday when Judge Nicholas G. Garaufis approved the settlement, 10 days after...
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