Refco Opposes $7M Fee Hike For Houlihan Lokey

Law360, New York (October 3, 2006, 12:00 AM EDT) -- Refco Inc. has filed an objection to its unsecured creditors’ motion to pay Houlihan Lokey Howard & Zukin $9 million for its services, instead of the originally planned $2 million.

The fee addition that the official committee of unsecured creditors is seeking would give Houlihan an additional $7 million transaction fee on top of the firm’s current $150,000 monthly fee, as well as an additional $50,000 monthly fee and a new transaction fee for services in connection with transactions involving Austrian bank Bank Für Arbeit und...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.