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.”...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.