U.S. Trustee Slams Weil Gotshal Fees In NYRA Case

Law360, New York (March 18, 2008, 12:00 AM EDT) -- The U.S. trustee overseeing the Chapter 11 proceedings of the New York Racing Association Inc. has criticized Weil, Gotshal & Manges LLP over fees for a second time, calling on a bankruptcy court to withhold 20% of the counsel's bill until the close of the case.

The trustee, Diana G. Adams, filed her objection to the firm's $1.35 million compensation request in the Manhattan bankruptcy court on Monday, saying the value of work performed by the debtor's counsel was difficult to ascertain while NYRA remained in...
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