KLA's $65M Backdating Deal Approved

Law360, New York (September 25, 2008, 12:00 AM EDT) -- Lead plaintiffs' counsel in the KLA-Tencor Corp. securities litigation are set to receive more than $10 million in attorneys' fees, with a federal judge on Friday granting final approval to a $65 million settlement that lays to rest litigation over alleged options backdating.

Judge Charles R. Breyer of the U.S. District Court for the Northern District of California finalized the settlement at a hearing in San Francisco, dismissing the case with prejudice after confirming that there had been no objections to the deal, which was initially...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.