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Refco Opposes $7M Fee Hike For Houlihan Lokey

Law360 (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...
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