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Northwest Financial Advisor Agrees To Slash Fee

Law360 (November 7, 2006, 12:00 AM EST) -- Northwest Airlines Corp. has reached a deal with a consulting firm that helped the bankrupt carrier obtain a $1.38 billion refinancing deal, in a move that will slash the financial advisor’s anticipated $4.6 million fee in half, but allow the firm to take on restructuring assignments for rival airlines.

In documents filed late Friday in the U.S. Bankruptcy Court for the Southern District of New York, Northwest said Seabury Group has agreed to cut in half the $4.6 million fee it planned to collect for its...
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