US Trustee Seeks Holdback On Patriot Coal Bankruptcy Fees

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...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Patriot Coal Corporation


Case Number

1:12-bk-12900

Court

New York Southern

Nature of Suit

Date Filed

July 8, 2012

Law Firms

Companies

Government Agencies