We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Committee: Tower Records' Lawyers' Fees Too High

Law360 (May 17, 2007, 12:00 AM EDT) -- Professional fees in music retailer Tower Records’ ongoing bankruptcy proceedings have struck a sour note with one of its secured creditor groups, who called the pay slips “disproportionately large in relation to the size of [Tower Records’] estates.”

The informal committee of secured trade vendors, made up of film and record companies allegedly owed more than $70 million by Tower Records, argued that the fees being generated by lawyers and financial firms were “continuing to create an untenable financial burden” on Tower Records.

The vendor group,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.