A federal judge has approved a $5 million settlement in a class action ERISA suit against Comcast Corp. in which employees of the cable television giant claim they suffered losses in the company stock fund because it was heavily invested in Comcast stock during a period when its price was falsely inflated.
In his 14-page opinion in Moore v. Comcast Corp., Chief U.S. District Judge Harvey Bartle III also awarded more than $1.6 million in attorney fees to a team of plaintiffs lawyers led by Mark C. Rifkin of Wolf Haldenstein Adler Freeman & Herz in New York.
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