Wednesday, July 26, 2006

Comverse to be pursued by Milberg

New York Law Journal reports that embattled law firm Milberg Weiss Bershad & Schulman has been appointed by a New York judge as co-lead counsel in a consolidated suit regarding backdating of stock options at Comverse Technologies (Nasdaq:CMVT) this is a huge vote of confidence from the bench in the storied law firm. Of course if this firm implodes for some reason what happens to the lawsuit?