Law360, Los Angeles (December 12, 2012, 9:28 PM ET) -- The U.S. trustee on Tuesday objected to an $18 million fee request by professional firms working on Patriot Coal Corp.'s bankruptcy, arguing that their rates were excessive, especially since the company hasn't filed a reorganization plan and is still incurring significant financial losses.
In a 32-page filing in the Southern District of New York, Elisabetta Gasparini, a trial attorney for the U.S. trustee's office, argued that Patriot Coal had suffered losses every month since it sought bankruptcy protection in July and the firms did not deserve...
US Trustee Seeks Holdback On Patriot Coal Bankruptcy Fees
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