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Lenders Object to Foley's Fees in DBSI Ch.11

Law360 (January 27, 2009, 12:00 AM EST) -- As DBSI Inc.’s bankruptcy unfolds, banks that provided loans to the troubled real estate investment company have fought to protect the debtors’ cash collateral, and, true to form, Foley & Lardner LLP’s latest fee request has met similar opposition.

Acting as special counsel to the debtors, Foley & Lardner filed its second fee request in the U.S. Bankruptcy Court for the District of Delaware just days after the lenders, led by Wells Fargo Bank NA, came out to stonewall the first batch of requests.

On Monday,...
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