US Trustee Looks To Shave Attys' Fees In Ambac Ch. 11

Law360, Chicago (August 1, 2013, 1:24 PM EDT) -- A U.S. trustee on Wednesday moved to trim the fat from nearly $12 million in fees requested by lawyers and other professionals in the bankruptcy case of New York-based bond insurer Ambac Financial Group Inc., taking aim at charges for everything from airfare to preparing the bill itself.

Ambac — the financial services company that exited Chapter 11 in May after cutting a $100 million deal with the U.S. Internal Revenue Service — is not responsible for hundreds of thousands of dollars in fees and expenses...
To view the full article, register now.




Case Information

Case Title

Ambac Financial Group, Inc.

Case Number



New York Southern

Nature of Suit

Date Filed

November 8, 2010

Law Firms


Government Agencies

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.