US Trustee Fights $15M Fee For AMR's Financial Advisers

Law360, New York (May 03, 2013, 7:25 PM ET) -- The U.S. Trustee’s Office on Thursday objected to $15 million in fees for two of AMR Corp.’s financial advisory firms associated with the $3.25 billion in additional exit financing it recently secured, saying the firms’ previous payments were enough.

Rothschild Inc. and Moelis & Co. LLC have requested an additional $10 million and $5 million, respectively, for their services to secure the new financing, according to U.S. Trustee Tracy Hope Davis’ court filing. Davis contends that the two firms already have received “generous fee arrangements” under...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers