Delta's Bankruptcy Costs Hit $70M

Law360, New York (August 24, 2006, 12:00 AM EDT) -- Law firms stand to reap millions after the judge overseeing cash-strapped Delta Airlines’ bankruptcy proceedings entered an order approving a slew of payment applications, bringing the total cost of the airline’s Chapter 11 proceedings to more than $70 million.

The order granting the applications for compensation covers the period from Feb. 1, 2006 through May 31, 2006, and is the second such order signed in the case thus far by U.S. Bankruptcy Judge Adlai S. Hardin, Jr. The first order, signed in June, approved $41.4 million...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.