Skadden Compromises On Fee Application

Law360, New York (March 21, 2007, 12:00 AM EDT) -- Skadden, Arps, Slate, Meagher & Flom LLP, which has already collected over $40 million for its work on the Refco Inc. bankruptcy, has voluntary knocked $1 million off its invoice in the wake of opposition.

In court documents filed Tuesday in the U.S. Bankruptcy Court in Manhattan, Skadden said it would ask for $42 million in fees, and not $43 million, as was previously requested. However, the deal is contingent on the plan administrator and the plan committee not making any further objections.

“Skadden, Arps believes...
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