Two Professors Spar Over Ch. 11 Fees

Law360, New York (April 7, 2008, 12:00 AM EDT) -- It's not quite Red Sox versus Yankees or the Montagues versus the Capulets, but for the last few years UCLA law professor Lynn M. LoPucki and Seton Hall University law professor Stephen J. Lubben have engaged in an academic rivalry over whether professional fees in Chapter 11 cases are too high.

In one corner is LoPucki, who argues that bankruptcy judges approve big payouts to attract cases to their courts. Financial adviser Lazard Freres, for example, reportedly charged $18,539 an hour in the Spectrasite Holdings case....
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