St. Vincent Judge Rakes McDermott Over The Coals

Law360, New York (August 31, 2007, 12:00 AM EDT) -- A Manhattan bankruptcy judge has blasted McDermott, Will & Emery over its “disastrous” work on the Saint Vincent Catholic Medical Centers' Chapter 11 case, choosing to punish the Chicago powerhouse by slashing the fees the firm requested by nearly a half million dollars.

On Wednesday, U.S. Bankruptcy Judge Adlai S. Hardin Jr. knocked down the firm's $2.2 million fee request by $460,000 while issuing a scathing ruling on McDermott's early efforts on behalf of Saint Vincent's.

“The McDermott services relating to retention of professionals, at the...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.