Goody's To Shell Out Over $7.5M To Ch. 11 Pros

Law360, New York (December 30, 2008, 12:00 AM EST) -- Final fees and expenses have been approved in the Goody's Family Clothing Inc. bankruptcy proceeding, with debtors' counsel Skadden Arps Slate Meagher & Flom LLP taking home roughly $3.5 million and the other professionals involved in the case taking home more than $4 million combined.

Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the District of Delaware approved the fee applications Monday without requiring modifications.

According to court documents, Skadden will collect more than $1 million for the work it did in October, about...
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