Spansion Fights Fees For Ad Hoc Committee Attys

Law360, New York (October 29, 2010, 6:01 PM EDT) -- Reorganized Spansion Inc. fought against nearly $5 million in attorneys' fees requested by two ad hoc committees in its Chapter 11 case Friday, saying the committees’ efforts only hindered the process and did not make a substantial contribution to the case.

At a hearing in the U.S. Bankruptcy Court for the District of Delaware, the ad hoc committee of convertible noteholders and the ad hoc committee of equity security holders argued that their success in limiting the debtors’ management incentive program, along with their battle to...
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