When Comverse Inc. agreed to settle a stock option backdating class action for $225 million — with 25 percent set aside for attorney fees — a familiar face showed up to object.
Ohio attorney Edward Siegel, whose practice is devoted to tormenting plaintiff lawyers across the country, called the Comverse fees “far in excess of what is fair, just and reasonable” in a May filing. But last week Siegel promptly withdrew the objection — without snagging any fees for himself.
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