Calpine Trustee Wants Advisers' Fees Slashed

Law360, New York (October 18, 2007, 12:00 AM EDT) -- The U.S. Trustee overseeing Calpine Corp.'s Chapter 11 case has lashed out at $50.9 million in interim fees and expenses being sought by the bankrupt energy company's legal and financial advisers, saying the professionals have already been paid over $200 million and that full payment of the fees would be “inappropriate.”

In documents filed Wednesday in the U.S. Bankruptcy Court for the Southern District of New York, U.S. Trustee Diana G. Adams said that the allowance of the fees requested by the various professionals for interim...
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