AlixPartners Overcharged Refco, Dura: Trustees

Law360, New York (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...
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