Home

Bankruptcy Judge Declines Some Fees in Dewey Case
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

On Thursday, U.S. Bankruptcy Court Judge Martin Glenn approved preliminary fee requests from over one dozen law firms, advisory outfits, and accounting firms associated with the bankruptcy of Dewey & LeBoeuf, according to The Am Law Daily. Judge Glenn cut expensive hotel stays, taxi rides around New York, and time entries.

All told, $14.1 million in bills have been submitted for time worked on the bankruptcy case. The firms that were granted preliminary approval by Glenn will not be paid in full yet. They will be able to receive money that was allocated months ago in a budget set by JPMorgan Chase. Firms that did not go over budget will only receive 80 percent now.

  
What
Where


Glenn doubts that the firms involved will ever be paid in full, even if the estate of the firm has its Chapter 11 plan approved. “This case has been on the edge of administrative insolvency since the time it was filed,” he said during the hearing.

Glenn complained multiple times about the fees and expenses submitted by Development Specialists Inc., a restructuring firm that was hired by Dewey prior to its bankruptcy filing and used sparingly afterwards. The company submitted $248,860 in fees and expenses.

“I don’t reimburse for taxi and car services around Manhattan,” Glenn said. “Take the subway. Take the bus. Better yet, have your firm pick up that cost.”

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!!






 

RELEVANT JOBS

Engagement Lead (Legal)

Japan-Tokyo-fu-Tokyo

Rare legal opportunity at the forefront of the climate change movement Maintain your legal license...

Apply now

Associate Attorney

USA-NY-Holtsville

Well-established and successful plaintiff\'s personal injury firm seeking a full-time associate admi...

Apply now

Associate Attorney

USA-IL-Itasca

Prominent Illinois education law firm, in the Chicago metropolitan area, seeks one associate at...

Apply now

Students/Special Education Associate Attorney

USA-IL-Itasca

Prominent, Itasca-based education law firm seeks one Associate Attorney to join its growing Students...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Commercial Litigation Associate Attorney

USA-MA-Boston

Boston office of a BCG Attorney Search Top Ranked Law Firm seeks a commercial litigation associate a...

Apply Now

Foreclosure Attorney

USA-GA-Atlanta

Atlanta office of a BCG Attorney Search Top Ranked Law Firm seeks foreclosure attorney with experien...

Apply Now

Foreclosure Attorney

USA-TN-Memphis

Memphis office of a BCG Attorney Search Top Ranked Law Firm seeks foreclosure attorney with experien...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top