Bankruptcy lawyers for Northwest Airlines Corp. were denied $4.2 million in end-of-case bonuses Tuesday, with a judge saying their average rates of about $500 an hour had already provided adequate compensation. U.S. Bankruptcy Judge Allan Gropper said that for the attorneys to deserve a so-called fee enhancement, their work should have a remarkable result that couldn't be expected from lawyers being paid their regular fees.
Judge Denies $4.2M in Bonuses for Northwest Bankruptcy Lawyers
The Associated Press
September 12, 2007