Two plaintiffs firms are getting a big payday for dropping their backdating lawsuits against Brocade and going to work for the company's special litigation committee. The firms will be paid $8 million guaranteed, plus a piece of anything that's recovered from the 10 former Brocade execs who have been sued by their former company. The deal had been kept under wraps, but a federal judge told the lawyers on Thursday that the Brocade case has broad implications and should be conducted in the public view.
Brocade Plaintiffs Firms to Split $8 Million
August 25, 2008