Trustee Fights Lyondell Final Fee Bids

Law360, New York (July 15, 2010, 1:37 PM EDT) -- Law firms and other professionals involved in Lyondell Chemical Co.'s bankruptcy may not get their paychecks as fast as they had planned, with the U.S. trustee overseeing the case raising the red flag over a slew of recently filed final fee applications.

In a filing Wednesday in the U.S. Bankruptcy Court for the Southern District of New York, U.S. Trustee Tracy Hope Davis objected to portions of 29 applications seeking allowance of final compensation and reimbursement of expenses for the period of Jan. 6, 2009, through...
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.