Judge Backs Cap On Attys' Fees For Barnes Bay Bankruptcy

Law360, Wilmington (September 14, 2012, 8:21 PM EDT) -- A Delaware federal judge Tuesday denied the appeal of three law firms seeking to collect millions in additional fees from Barnes Bay Development Ltd.'s dismissed Chapter 11 plan, ruling the bankruptcy judge correctly capped the professionals' pay at $6.3 million as set out in the debtor-in-possession financing.

U.S. District Judge Richard G. Andrews denied the appeal of Akin Gump Strauss Hauer & Feld LLP, the debtor's attorney, and Brown Rudnick LLP and Womble Carlyle Sandridge & Rice LLP, which represented the official committee of unsecured creditors...
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