Judge Resolves Fee Spat In Werner's Ch. 11 Case

Law360, New York (July 26, 2007, 12:00 AM EDT) -- A dispute over fees between Werner Holding Co.'s financial advisor and one of its creditors has come to a close with neither side the clear winner.

Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware ruled Wednesday that financial advisor Rothschild Inc. was entitled to $262,000, or about one-quarter of the money it originally claimed to be owed as part of a so-called new indebtedness fee.

“Allowance and payment of a new indebtedness fee...is reasonable and necessary,” Carey said.

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