AmFin Creditors Request Atty Fees Despite 'Vitriol' Of FDIC

Law360, New York (February 7, 2012, 6:52 PM EST) -- Senior noteholders in AmFin Financial Corp.'s bankruptcy case asked an Ohio federal judge Monday to approve $950,000 in attorneys’ fees despite “vitriolic” opposition from the Federal Deposit Insurance Corp., the bank's largest creditor.

The noteholders, who have nearly $101 million in unsecured claims against AmFin, issued a forceful reply to a Jan. 30 filing by the FDIC claiming the fees were not warranted because the noteholders did not substantially contribute to the court’s Oct. 25 approval of AmFin’s restructuring plan.

On Monday, the noteholders said they...
To view the full article, register now.