Delta Petroleum Trustee Slams Akin Gump's $1M Fee Request

Law360, New York (November 13, 2012, 8:44 PM EST) -- The recovery trustee of the bankrupt Delta Petroleum Corp. on Tuesday asked a Delaware bankruptcy judge to reduce the compensation for the official committee of unsecured creditors' co-counsel Akin Gump Strauss Hauer & Feld LLP, saying the firm's $1 million fees request was excessive and unreasonable.

John T. Young Jr., trustee for the Delta Petroleum General Recovery Trust, said that the official creditors committee was appointed relatively late in Delta's bankruptcy, meaning that the firm didn't perform the "watchdog" role typical of Chapter 11 committee firms...
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