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$56 Million Fee Approved in Class Action Over Backdating
A New York federal judge has approved a $56 million fee for Pomerantz Haudek Grossman & Gross for its work as lead counsel in a class action over alleged backdating against Comverse Technology. Judge Nicholas Garaufis on Thursday approved a fee of 25 percent of a $225 million settlement, which the judge also signed off on in In re Comverse Technology Inc. Securities Litigation. Marc Gross, a name partner at the 25-lawyer firm, said the fee award "is the largest in our 75-year history."Fla. House passes tax relief amendment for ballot
A proposed state constitutional amendment providing wide-ranging property tax relief has cleared the Florida House.Appellate Lawyer of the Week: Bonds, Supersedeas Bonds: Are Attorney Fees In or Out?
Because of Vincent "Tripp" Marable's legal work, the cost of supersedeas bonds could get cheaper for parties who want to suspend the enforcement of a monetary judgment pending appeal.Deciding when to sue a client for unpaid fees
During tough economic times, the pressure to collect fees is intense. Clients who are already "slow pay" clients increasingly become "no pay" clients - creating even more pressure on attorneys and law firms that are already stretched thin.View more book results for the query "*"
FDA didn't inspect syringe plant despite reports
RALEIGH, N.C. AP - A North Carolina syringe factory linked to hundreds of sicknesses and five deaths operated for almost two years without an inspection despite a series of complaints that its needles were dirty or filled with colored particles.Court documents in the North Carolina case show the U.S. Food and Drug Administration only inspected the AM2PAT Inc.Banking on the Department of Energy
After the stimulus legislation, the Department of Energy faces allocating some $60 billion in loan guarantees to advance renewable energy, in a political environment that demands the money get out the door as quickly as possible. As much potential as this program has, the role of banker is not a customary one for government, and it creates challenges for both the DOE and would-be loan guarantee recipients.Defendants Severely Impaired by Pa. Commonwealth Court Decision
The Pennsylvania Commonwealth Court is attempting to walk a fine line when it comes to defining impairment, says attorney Lee S. Fiederer. As a result, the ability of workers' compensation defendants to limit the length of time wage loss benefits can be received by claimants just got more oppressive. Fiederer examines multiple questions left open by the Commonwealth Court's recent decision involving impairment rating evaluations.Trending Stories
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