Creditors Bash Quinn Fees In LandAmerica Case

Law360, New York (August 14, 2009, 1:48 PM EDT) -- A group of creditors has filed an objection to LandAmerica Financial Group Inc.’s request to employ Quinn Emanuel Urquhart & Hedges LLP as outside counsel in a bid to recover approximately $290 million the bankrupt company invested in the failed auction rate securities market.

In a motion filed Thursday in the U.S. Bankruptcy Court for the Eastern District of Virginia, the creditors said that LandAmerica had not addressed the concerns this same group of creditors raised about the contingent fee model it agreed to with Quinn...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.