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Greenberg Traurig is likely to lose $2.6 million in fees for its work on a long-running bankruptcy case. From July 2007 to April 2009, the firm represented the unsecured creditors committee in the bankruptcy of tax shelter outfit The 1031 Tax Group. The firm submitted bills totaling more than $3.2 million but the bankruptcy trustee objected, and a federal judge awarded the firm $323,000. In a settlement approved last week, the firm agreed to forgo its fee request until all other creditors had been paid.
August 19, 2009 at 12:00 AM
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The original version of this story was published on Law.Com
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