Miller Buckfire Charging For Overlapping Work: QVT

Law360, New York (October 20, 2006, 12:00 AM EDT) -- Financial advisor Miller Buckfire & Co. LLC should receive just a third of the compensation it requested for the month of August in the bankruptcy proceedings of carrier FLYi Inc. because its work overlapped with another firm, according to a creditor's objection.

Miller Buckfire’s team of five professionals billed the company $150,000 for 80 hours of work for the month at an average hourly rate of $1,875. In its objection, QVT Financial LP called the amount “excessive” and said just a third the figure would suffice....
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