Mortgages Ltd. Trustee Slams Greenberg's Fee Bid

Law360, New York (July 7, 2009, 12:00 AM EDT) -- The U.S. trustee overseeing Mortgage Ltd.'s Chapter 11 case has joined creditors in their fight to block Greenberg Traurig LLP's final bid for almost $600,000 in fees and expenses as special counsel to the subprime lender.

In an objection filed in the U.S. Bankruptcy Court for the District of Arizona on Monday, trustee Ilene Lashinsky said Greenberg Traurig had “insurmountable conflicts” of interest that demanded the denial of all compensation to the law firm.

Greenberg Traurig was granted interim approval to act as general bankruptcy counsel...
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