Greenberg Traurig Agrees To Hold Off On 1031 Fees

Law360, New York (August 17, 2009, 2:04 PM EDT) -- After battling with the Chapter 11 trustee overseeing the 1031 Tax Group LLC's bankruptcy, Greenberg Traurig LLP and Mesirow Financial Consulting LLC have agreed to hold off collecting fees for services they say they racked up in the case.

Judge Martin Glenn on Thursday approved deals between Chapter 11 trustee Gerard McHale and the two professional firms in the U.S. Bankruptcy Court for the Southern District of New York.

The official committee of unsecured creditors also has given its approval for the settlements.

In the deals,...
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