Northwest Trustee Objects To Antitrust Counsel's Fees

Law360, New York (December 11, 2006, 12:00 AM EST) -- The U.S. Trustee overseeing Northwest Airlines Corp.’s Chapter 11 proceedings has filed an objection in connection with applications for more than $17 million in fees and expenses from professionals retained to help the troubled airline through bankruptcy, including a $1.5 million request from the debtor's special antitrust counsel.

U.S. Trustee Diana G. Adams’ objection, filed Friday, asked U.S. Bankruptcy Judge Allan L. Gropper for a uniform 20% holdback of all of the requested fees and expenses pending the case’s resolution.

The applications referenced in the objection...
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.