A judge’s OK for fees in the insolvency of the giant California utility “puts the final tally for more than three years’ worth of work at about $450 million to $475 million, according to an accounting by the Office of the U.S. Trustee. Of the total, about $100 million goes to law firms representing the utility in different capacities. ” Milbank Tweed originally agreed to charge $595 per hour but now wants that figure revised upward. (Jeff Chorney, “Calif. Bankruptcy Judge OKs About $450 Million in PG&E Fees”, The Recorder, Sept. 16). See Jul. 23, Dec. 6, Nov. 26.
Bounteous bankruptcies, cont’d: PG&E
A judge’s OK for fees in the insolvency of the giant California utility “puts the final tally for more than three years’ worth of work at about $450 million to $475 million, according to an accounting by the Office of the U.S. Trustee. Of the total, about $100 million goes to law firms representing the […]
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