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...
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