Inner City Media Lenders Balk At Akin Gump's Fee Request

Law360, New York (August 8, 2012, 11:12 PM EDT) -- Senior lenders of bankrupt radio company Inner City Media Corp. on Wednesday objected to a $760,000 fee request by the debtors’ counsel Akin Gump Strauss Hauer & Feld LLP, saying the payment was substantially higher than budget calculations had allowed for.

In a filing in New York bankruptcy court, lenders including Yucaipa Corporate Initiatives Fund II LP and Fortress Credit Funding I LP said Akin Gump’s original second interim fee request had included only a $460,000 holdback fee — a figure representing the difference between 90...
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