St. Vincent's Attys' Retainer Requests Face Scrutiny

Law360, New York (May 27, 2010, 7:02 PM EDT) -- Lawyers for bankrupt Saint Vincent's Catholic Medical Centers of New York faced sharp criticism Thursday as they sought to convince a judge to allow them to earmark $1.1 million in retainers for themselves and certain consultants in the event that the estate fails to cover all professional fees.

Kramer Levin Naftalis & Frankel LLP attorney Kenneth H. Eckstein told Judge Cecelia G. Morris of the U.S. Bankruptcy Court for the Southern District of New York that the retainers are necessary to help offset the risk that...
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