US Trustee Protests Fee Requests In Lyondell Ch. 11

Law360, New York (November 16, 2009, 6:36 PM EST) -- The U.S. trustee overseeing Lyondell Chemical Co.'s bankruptcy case has objected to interim fee applications filed by debtor counsel Cadwalader Wickerhsam & Taft LLP and a host of other retained professionals, questioning the millions in fees that have been demanded for a few months of work.

U.S. Trustee Diana G. Adams filed her objection Monday in the U.S. Bankruptcy Court for the Southern District of New York, asking the court to alleviate the burden facing already-strapped Lyondell by temporarily holding back a portion of the fee...
To view the full article, register now.