Texas Firms' Fees Slashed $1.4M In 'Nightmare' Tech Case

Law360, New York (May 30, 2013, 4:58 PM ET) -- A Texas federal judge Wednesday slashed more than $1.4 million in fees that Gardere Wynne Sewell LLP and two other firms can recover from a court-ordered receivership against the principal of bankrupt Ondova Ltd., after the Fifth Circuit ordered the receivership to wind down.

After the Fifth Circuit in December reversed Ondova principal Jeff Baron's receivership, U.S. District Judge Royal Furgeson told Gardere, Dykema Gossett PLLC  and Munsch Hardt Kopf & Harr PC that they would receive reduced funds from the receivership's remaining $1.6 million. True...
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