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

AlixPartners Overcharged Refco, Dura: Trustees

Law360 (June 28, 2007, 12:00 AM EDT) -- The U.S. Trustees in two separate Chapter 11 cases have accused AlixPartners LLP of overstaffing, overcharging and deceiving Dura Automotive Systems Inc. and Refco Inc.

Both Kelly Beaudin Stapleton, trustee for Delaware and for Dura's case, and Diana Adams, trustee for the Southern District of New York and for Refco's case there, filed challenges Tuesday to the firm's enormous fees for restructuring guidance in the two drawn-out bankruptcies.

Adams also blasted the restructuring giant for allegedly “making a profit on a business relationship it had not...
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.