TMST Creditors Fight Orrick Bid To Move Fee Request

Law360, New York (January 13, 2011, 3:39 PM EST) -- TMST Inc.'s unsecured creditors committee is fighting Orrick Herrington & Sutcliffe LLP's bid to withdraw its fee application from the mortgage company's bankruptcy and consolidate it with two malpractice cases the firm faces from TMST's Chapter 11 and U.S. trustees.

In an opposition lodged Wednesday in the U.S. Bankruptcy Court for the District of Maryland, the committee argues that Orrick, which is seeking about $850,000 in fees and expenses for its work as special counsel to TMST, should not be permitted to transfer the application because...
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