Trustee, Insurers Attack Asbestos Firms' Fees Bid

Law360, New York (March 14, 2011, 6:46 PM EDT) -- A U.S. trustee and certain insurers are objecting to an attempt by two asbestos plaintiffs firms to take home at least $7 million in contribution money for their work on the Thorpe Insulation Co. bankruptcy.

The two firms, Kazan McClain Lyons Greenwood & Harley PLC and Brayton Purcell LLP, claim that their negotiating skills and efforts increased the value of settlements for the Thorpe bankruptcy estate by almost $260 million and that they therefore deserve a chunk of the contingency fees going to Thorpe's special insurance...
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