Been meaning to post this front page Wall Street Journal article from last week.
Lawyers Set to Profit on Lehman – WSJ.com
New York-based Weil, Gotshal & Manges LLP earlier this week asked a federal bankruptcy judge in New York to sign off on a $55.1 million payment for its work representing Lehman.
That marks the biggest quarterly fee request made by lawyers representing a bankrupt company, according to Lynn LoPucki, a law professor at the University of California, Los Angeles, who runs a bankruptcy-fee database. …
Corporate ambulance chasing
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