ProtoStar Lenders Fight Lowenstein, Greenberg Fees

Law360, New York (July 2, 2010, 2:38 PM EDT) -- Lenders for bankrupt ProtoStar Ltd. and its affiliates have objected to about $1.2 million in fees and expenses requested by unsecured creditors' advisers, including Greenberg Traurig LLP and Lowenstein Sandler PC, which are handling legal claims against some of the financing firms.

Secured lenders including BlackRock Financial Management Inc., West Face Capital Inc., Farallon Partners LLC, and Octavian Advisors LP and debtor-in-possession financing agent Credit Suisse lodged fee objections Thursday in the U.S. Bankruptcy Court for the District of Delaware.

The secured lenders, who objected to...
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