TMST Trustee Fed Up With Lawyers' Fee Structure

Law360, New York (January 8, 2010, 5:25 PM EST) -- The U.S. trustee overseeing the bankruptcy of real estate investment firm TMST Inc., formerly known as Thornburg Mortgage Inc., has asked the court to partly terminate a pay structure that lets attorneys and financial advisers submit fee requests every month.

The office of Region Four Trustee W. Clarkson McDow Jr. said in a motion Thursday that a slew of professionals, including attorneys from Quinn Emanuel Urquhart Oliver & Hedges LLP, Venable LLP and Orrick Herrington & Sutcliffe LLP, have been paid nearly $3.6 million since Nov....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.