Kaye Scholer Can't Keep GSC Fees After Missteps: Trustee

Law360, New York (February 07, 2013, 10:27 PM ET) -- The trustee for investment management firm GSC Group Inc. fired back Thursday at Kaye Scholer LLP in a battle over fees it earned from GSC’s Chapter 11 bankruptcy in New York, saying Kaye Scholer’s admitted mistakes were serious enough to force it to pay back the fees.

U.S. Trustee Tracy Hope Davis asked the New York bankruptcy court to reject Kaye Scholer’s contentions that there was no evidence that it set out to deceive or failed to correct erroneous disclosures when its partners did not properly...
To view the full article, register now.