All American's Trustee, Creditors Oppose Fee Request

Law360, New York (October 8, 2007, 12:00 AM EDT) -- The U.S. trustee overseeing the Chapter 11 proceedings of bankrupt All American Semiconductor Inc. and the company’s creditors have both objected to a fee request by All American’s financial adviser and investment banker, Raymond James & Associates Inc.

In objections filed Friday in the U.S. Bankruptcy Court for the Southern District of Florida, Acting U.S. Trustee Donald Walton and All American’s official committee of unsecured creditors opposed a $500,000 “successful business combination transaction fee” requested by Raymond James in its final fee application submitted in August....
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