Stallion Trustee Bucks At Miller Buckfire Fee Structure

Law360, New York (November 16, 2009, 1:03 PM EST) -- The U.S. trustee overseeing the bankruptcy of Stallion Oilfield Services Ltd. has objected to the debtors' hiring of Miller Buckfire & Co. LLC, arguing that the investment bank's proposed fee structure is inappropriate.

In a filing Friday with the U.S. Bankruptcy Court for the District of Delaware, acting trustee Roberta A. DeAngelis said the debtors' application to retain Miller Buckfire did not demonstrate that the proposed fees were consistent with prevailing rates.

“Rather than set forth facts, the application merely states the conclusion that the debtors...
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.