Creditors Attack Calpine’s Rising Legal Fees

Law360, New York (April 11, 2007, 12:00 AM EDT) -- Marking the latest dissent over skyrocketing fees in Calpine Corp.’s Chapter 11 case, the company’s unsecured creditors have asked a bankruptcy judge to appoint a fee review committee to evaluate the energy firm’s professional fees.

In a statement filed Monday in the U.S. Bankruptcy Court for the Southern District of New York, the official committee of unsecured creditors said that while it had no formal objection to Calpine’s fourth interim fee applications, it remained “concerned about the amount of fees being incurred by the debtors’ professionals.”...
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