Goldin Drops Pursuit Of $2.4M "Success Fee"

Law360, New York (April 11, 2007, 12:00 AM EDT) -- Turnaround consulting firm Goldin Associates LLC has agreed to relinquish a $2.4 million success fee for its work in the Refco Inc. bankruptcy case, conceding it wouldn’t be appropriate when creditors are expected to lose up to $1.3 billion.

In a joint statement filed Monday by Goldin and Refco’s plan administrators, Goldin agreed to withdraw its success fee motion. In return, the plan administrators said they would support the approval of Goldin’s final fee report, as well as up to $25,000 in post-confirmation fees.

Overall, Goldin’s...
To view the full article, register now.