Crunch Said To Resolve Fee Dispute With Trustee

Law360, New York (April 6, 2010, 7:58 PM EDT) -- The U.S. trustee for Crunch fitness club owner AGT Wind Down Acquisition LLC has apparently resolved a dispute involving more than $400,000 in fees requested by Dechert LLP and other firms retained by the bankrupt gym operator.

Diana Adams, who has been acting as trustee, asked the U.S. Bankruptcy Court for the Southern District of New York on Monday to maintain a hold-back of fees with regard to all the retained professionals in the matter.

However, Dechert has agreed to reduce its fees and the matter...
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.