Proskauer, Dewey Allegedly Highballed Fees In Ch. 11 Case

Law360, Los Angeles (October 22, 2013, 10:51 PM EDT) -- The Chapter 11 bankruptcy plan administrator for MF Global Holdings Ltd. told a New York bankruptcy court on Tuesday that the $5 million in attorney fees requested by Proskauer Rose LLP and Dewey & LeBoeuf LLP are exorbitant and should be trimmed.

The two firms, who represented the creditors’ committee in the financial derivatives broker’s bankruptcy proceedings, are asking for at least $2.5 million too much because they expended far more time than necessary to represent the committee in hearings that weren’t relevant to the bankruptcy...
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