5th Circ. OKs Baker Botts' $4.2M Award In Asarco Fee Fight

Law360, New York (May 1, 2014, 12:40 PM EDT) -- The Fifth Circuit on Wednesday affirmed the awarding of a combined $4.2 million in fee enhancements to Baker Botts LLP and Jordan Hyden Womble Culbreth & Holzer PC for what it called “unusually successful” performances defending Asarco LLC's bankruptcy.

A three-judge panel agreed with a lower court's finding that the two firms had rightly earned enhancement fees of 20 percent and 10 percent, respectively, for representing the copper mining outfit in an adversary suit over fraudulent transfers that netted a judgment of more than $6 billion....
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