WaMu Shareholder Objects To Bankruptcy Attys' Fees

Law360, New York (July 3, 2012, 8:16 PM EDT) -- A Washington Mutual Inc. shareholder sharply objected Tuesday in Delaware bankruptcy court to Weil Gotshal & Manges LLP's request for almost $77.4 million in attorneys' fees for its representation of the debtor, saying the firm was charging exorbitant rates and padding the hours it billed.

Shareholder David Shutvet said Weil's blended attorney rate of $882 an hour was well above the appropriate rate that should have been applied using the so-called Laffey Matrix fee range established by the case Laffey v. Northwest Airlines Inc., which allows...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Washington Mutual, Inc.


Case Number

1:08-bk-12229

Court

Delaware

Nature of Suit

Date Filed

September 26, 2008

Law Firms

Companies

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.