CIBC Fights Fox Rothschild Fees In Chem Rx Ch. 11

Law360, New York (November 16, 2010, 1:11 PM EST) -- A $35,000 fee application by Fox Rothschild LLP, counsel to unsecured creditors in Chem Rx Corp.'s bankruptcy, has come under attack by lenders' agent Canadian Imperial Bank of Commerce, which says the firm broke a financing agreement by using Chem Rx's cash collateral to pay for an adversary proceeding.

The firm violated a June order barring creditors' counsel from using the pharmacy chain's cash collateral to file challenges to lenders' claims and should not be allowed to collect any more fees until it clarifies exactly where...
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