We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Bancroft Family Balks At $10M Wachtell Fee

Law360 (December 18, 2007, 12:00 AM EST) -- Though the acquisition of Dow Jones by Rupert Murdoch's News Corp. has long been completed, several battles related to the takeover rage on, including an increasingly heated debate over the $10 million fee demanded by law firm Wachtell Lipton Rosen & Katz.

Wachtell Lipton, which represented the Bancroft family, who owned the controlling interest in Dow Jones before selling it to Murdoch, has billed the family for $10 million for its services during the deliberations about the sale.

But rather than submit an invoice broken down...
To view the full article, register now.
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.