Tropicana Lenders Battle Over Final Fees

Law360, New York (November 1, 2010, 12:57 PM EDT) -- The steering committee for secured lenders to Tropicana Entertainment LLC has sought to slash millions of dollars in purportedly inflated legal and professional fees related to the casino operator’s completed bankruptcy.

In an objection lodged Friday in the U.S. Bankruptcy Court for the District of Delaware, the committee argued that nine law firms and advisory groups — including Lazard Freres & Co. LLC, Kirkland & Ellis LLP and Ernst & Young LLP — had made unreasonable requests for fees and bonuses and proposed an improper allocation...
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