TMST Creditors Seek To Cut Venable’s Fees

Law360, New York (February 26, 2010, 1:52 PM EST) -- A group of unsecured creditors has criticized as excessive a request by TMST Inc.’s counsel for almost $500,000 in fees for certain work done in the real estate investment firm’s Chapter 11 case and asked for the fees to be reduced.

The official committee of unsecured creditors filed a limited objection in the U.S. Bankruptcy Court for the District of Maryland on Thursday, complaining that Venable LLP’s bid for nearly $500,000 in fees for opposing a motion to appoint a Chapter 11 trustee and for investigating...
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