Law Advice

A federal judge has approved fee requests totaling $4.1 million for law firms and accounting firms hired by trustee Herbert Stettin, as well as for Stettin himself, related to the bankruptcy of Ponzi scammer Scott Rothstein’s defunct law firm. Berger Singerman received the largest paycheck: $1.95 million including expenses. View full post on Law.com – [...]

Temporary judgeships, created by Congress in 2005, have become a vital part of effectively managing swollen bankruptcy dockets. But Congress only authorized the spots for five years, and congressional efforts to extend them have stalled because of the program’s estimated $16 million cost. View full post on Law.com – Newswire

The settlement between Major League Baseball and Los Angeles Dodgers owner Frank McCourt didn’t resolve all their differences. Baseball Commissioner Allan “Bud” Selig now wants the league’s $7.6 million in legal bills and costs paid for by the team before it emerges from bankruptcy. View full post on Law.com – Newswire

AMR, the bankrupt parent of American Airlines, has received requests for payment on more than $21.1 million in legal fees and expenses incurred by firms representing the company since the start of its Chapter 11 case. The fee requests come as US Airways inches closer to a possible merger with American. View full post on [...]

After helping renewable energy client Beacon Power emerge from Chapter 11 through a $30.5 million sale to private equity firm Rockland Capital, Brown Rudnick is coming under fire for fees the U.S. Department of Justice calls “excessive and disproportionate to the size of the debtor’s estate.” View full post on Law.com – Newswire

The owners of the New York Mets have settled their dispute with trustee Irving Picard over his attempt to claw back some $300 million in profits from Bernard L. Madoff’s Ponzi scheme. The settlement, announced on the brink of jury selection, calls for the defendants to pay $162 million to the trustee. View full post [...]

Hit with sanctions stemming from a questionable bankruptcy filing on behalf of a loan-servicing company, Bryan Cave and bankruptcy boutique Klestadt & Winters found no relief on Tuesday at the 9th Circuit, which said it lacked jurisdiction to examine the sanctions. View full post on Law.com – Newswire

Lehman emerged from bankruptcy Tuesday, more than three years after the investment banking giant’s 2008 collapse forced Weil, Gotshal & Manges to help one of its biggest clients quickly put together the largest Chapter 11 case in U.S. history. A monthly operating report filed by the Lehman estate with the SEC last week shows that [...]

Legal fees fuel fight in Southern Montana Co-op bankruptcyGreat Falls TribuneA Billings-based electric cooperative's bankruptcy case has new fireworks, with legal fees to its appointed trustee coming under fire and the ouster of the co-op's board president by officials of his own member cooperative.GF officials question Southern bankruptcy billingCanadianBusiness.comall 14 news articles » View full post [...]

Hughes Watters Askanase Sponsors Bench-Bar Bankruptcy and TBA Bankers Legal …MarketWatch (press release)The firm is also sponsoring the Texas Bankers Association's 38th Bankers Legal Conference March 29-30 at the Hyatt Regency Hill Country Resort & Spa in San Antonio. Gary Gunn, co-managing partner and the head of the firm's Commercial Finance and Real …and more » [...]