Merrill Cries Foul Over Fees In Fred Leighton Ch. 11

Law360, New York (October 21, 2009, 7:08 PM EDT) -- Secured lender Merrill Lynch Mortgage Capital Inc. has protested fees requested by law firms Herrick Feinstein LLP and Phillips Nizer LLP in the bankruptcy of jewelry retail company Fred Leighton Holding Inc., contending that the firms have accomplished little over the course of the proceedings apart from allowing an ex-owner to plunder the estate.

Merrill Lynch filed its objections Tuesday in the U.S. Bankruptcy Court for the Southern District of New York, contending that fees requested by the debtor’s counsel, Herrick — totaling $4 million so...
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