Investment Bank Must Return $4.6M In Fees: Judge

Law360, New York (July 26, 2006, 12:00 AM EDT) -- A federal judge has ruled that investment bank Greenhill & Co. must fork over $4.6 million in fees the firm garnered as an advisor to Loral Space & Communications Ltd. during the satellite company's bankruptcy proceedings.

The ruling, handed down late last week by U.S. Bankruptcy Judge Robert Drain, marks the latest development in the contentious battle over fees between Akin Gump Strauss Hauer & Feld LLP, counsel to the Loral’s creditors committee, and Greenhill’s Vice Chairman Harvey Miller.

Loral filed for bankruptcy protection in July...
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