Tag Archive | "Denny Chin"

Dewey & LeBoeuf Wants $100,000 a Day — Judge Says “No”

Saturday, January 3, 2009

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Dewey & LeBoeuf Wants $100,000 a Day — Judge Says “No”

A federal judge, citing excessive hours and unreasonably high rates, ordered a 20% reduction in fees for a law firm helping to protect the assets of investment company WexTrust Capital. Given a long-established principle that lawyers working in receivership situations should be awarded moderate fees, “the request for fees of $2,147,666 for 20 days of work [...]

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Judge Questions Dewey & LeBoeuf’s $600 Per Hour

Wednesday, December 17, 2008

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Judge Questions Dewey & LeBoeuf’s $600 Per Hour

Manhattan federal judge Denny Chin would like to know how New York City’s Dewey Cheatham & Howe & LeBoeuf can justify charging a $600 hourly rate for associates on a securities lawsuit. Dewey & LeBoeuf served as reciever for WexTrust Capital in an SEC lawsuit. WexTrust ran a Ponzi scheme that raised $225 million by targeting the Orthodox [...]

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