Trustee OKs $48M In Fees For Old Carco Ch. 11

Law360, New York (October 20, 2009, 1:23 PM EDT) -- The U.S. trustee overseeing the liquidation of Chrysler castoff Old Carco LLC has signed off on professional service cost applications filed by more than a dozen law firms and consultants for the first fee period of the company's bankruptcy, forging agreements with the applicants to reduce a total of $48 million in requests by $110,000 and to defer an additional $282,000.

U.S. Trustee Diana G. Adams told the U.S. Bankruptcy Court for the Southern District of New York on Monday that she had no objections to...
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