ResCap Objects To $1M In 'Unnecessary' Morrison Cohen Fees

Law360, New York (June 11, 2014, 12:19 PM ET) -- The liquidating trust of Residential Capital LLC on Tuesday filed an objection in New York bankruptcy court over nearly $1 million in attorneys' fees paid to Morrison Cohen LLP, claiming it was being charged for double-billed hours and unnecessary work.

In the filing, ResCap takes issue with $987,677 of a $4.3 million bill from Morrison Cohen for representing its independent directors during its bankruptcy proceedings, including $315,967 for "unnecessary internal conferences and meetings" and $100,569 for "vaguely described tasks." The company also claims there are several...
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