GSC Trustee's Counsel Agree To Trim, Hold Back Fees

Law360, New York (June 15, 2011, 2:48 PM EDT) -- Attorneys representing the Chapter 11 trustee overseeing GSC Group Inc.’s contentious bankruptcy agreed in New York on Tuesday to trim their latest interim fee request and hold back at least 20 percent of the fees until the proceedings are completed.

U.S. Trustee Tracy Hope Davis said attorneys for Chapter 11 trustee James L. Garrity Jr. of Shearman & Sterling LLP agreed to cut their fee request of more than $1.3 million for the period covering Jan. 7 through March 31 by $22,000. In addition, they agreed...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.