Free Market Evaluation - Send us your resume and we will give you free feedback
University of New Mexico Law School Reveals Higher Employment Rates
University of New Mexico Law School Reveals Higher Employment Rates
Tentative Settlement Reached with Uber for Family of Killed Girl
Tentative Settlement Reached with Uber for Family of Killed Girl
Washington, D.C. Attorney Arrested for Child Porn Allegations
Washington, D.C. Attorney Arrested for Child Porn Allegations
DaVita Agrees to $450 Million Settlement for Overcharging Government
DaVita Agrees to $450 Million Settlement for Overcharging Government
Legal Job Listings
Download PDF

Judge Caps Sidley Austin’s Hourly Rate On Tribune Efforts View Count: 122

U.S. Bankruptcy Judge Kevin Cary has ruled that lawyers for the Tribune Company’s bankruptcy case cannot charge hourly fees that exceed four figures.

Lawyers from Sidley Austin LLP, who is representing Tribune in the case, wanted hourly rates that went as high as $1,100.  That is the highest rate ever sought for a firm dealing in bankruptcy reorganization.  Cary capped the hourly payments at $925, and said that if anyone wants more than $1000, they must attend a hearing where the lawyer proves he or she is worth such a price.

Tribune filed bankruptcy under Chapter 11 this past December.  It listed $13 billion in debt, and $7.6 billion in assets.  Tribune owns eight newspapers, including the Chicago Tribune and the Los Angeles Times.  It also owns 23 television stations, the Chicago Cubs, as well as where the Cubs play, Wrigley Field.

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Judge Caps Sidley Austin's Hourly Rate On Tribune Efforts by

Tagged: , , , , , , , , , , ,

Posted by on February 23, 2009. Filed under Home. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

 

 

Job of the Day
Assistant General Counsel
USA-MO-Saint Louis
Title: Assistant General Counsel   Employer: American Association of Orthodontists Location: St. Louis Compensation: Salary Travel Requirements: Moderate; domestic. Contact: Sen...


Apply now

Related Posts: