Firms Bank Over $50M For Lyondell Work

Law360, New York (May 24, 2010, 4:23 PM EDT) -- The professionals who worked on the bankruptcy of Lyondell Chemical Co., which emerged from Chapter 11 a few weeks ago, will take home more than $50 million in fees and expenses for the last four months of 2009, including about $21 million for debtors' counsel Cadwalader Wickersham & Taft LLP.

On Thursday, Judge Robert E. Gerber of the U.S. Bankruptcy Court for the Southern District of New York approved the fees and expenses for the period from Sept. 1, 2009, to Dec. 31, 2009. The money...
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