Beacon Power Seeks Mediation In $6M DOE Fee Dispute

Law360, New York (March 23, 2012, 9:17 PM EDT) -- Beacon Power Corp. on Friday asked a Delaware bankruptcy court to order mediation of its dispute with the U.S. government, a major creditor, over more than $6 million in fees for Brown Rudnick LLP and other professional services firms.

The fees include more than $2.3 million billed by Brown Rudnick, $216,000 charged by Potter Anderson & Corroon LLP and $1 million charged by financial advisers CRG Partners Group LLP in connection with the bankruptcy. The firms also seek another $2.8 million in risk premiums tied to...
To view the full article, register now.