Ex-TMST Execs' Bid For Defense Costs Trimmed

Law360, New York (January 12, 2011, 3:33 PM EST) -- A bankruptcy judge has trimmed two former TMST Inc. executives' bid to recover defense costs for Patton Boggs LLP's work defending them in an adversary case, slashing the amount they can receive from the company's insurer by $48,000.

In an order entered Tuesday, Judge Duncan Keir of the U.S. Bankruptcy Court for the District of Maryland partially sustained Chapter 11 trustee Joel I. Sher's limited objection to an application for defense costs from ex-TMST Chairman and CEO Larry A. Goldstone and former Chief Financial Officer Clarence...
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