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...
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