Tropicana Las Vegas Owners Balk At Kirkland Fees

Law360, New York (November 2, 2010, 2:24 PM EDT) -- Owners of the reorganized Tropicana Las Vegas casino are fighting to scrap their share of $16.8 million in fees sought by Kirkland & Ellis LLP in the Tropicana Entertainment LLC Chapter 11 case, claiming the firm breached its duty of care and loyalty to the casino.

In an objection filed Monday, the casino’s owners asked the U.S. Bankruptcy Court for the District of Delaware to deny Kirkland’s request for $4.9 million in fees on the ground that the firm improperly advocated against them in an inter-debtor...
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.