A federal judge in New York has slashed what he called an "unusual" request for additional fees by Milberg for a 2006 settlement of a securities class action against Nortel Networks. Milberg, its Canadian co-counsel and the claims administrator asked for $2.77 million in fees and expenses not included in their 2007 fee applications. Judge Richard M. Berman, citing the "very substantial" $38 million in fees and expenses already awarded to Milberg and Koskie Minsky, approved only 41 percent of the request.
Judge Approves Less Than Half of Milberg's 'Unusual' Added Fees Request
New York Law Journal
August 23, 2010