"A court does not determine reasonableness through hindsight or penalize counsel simply because it rendered services prosecuting an application that failed or opposing one that succeeded," Judge Stuart Bernstein wrote in rejecting the U.S. Trustee's objection to a $31 million fee request.
October 29, 2013 at 12:00 AM
1 minute read
Editors’ Note: This article has been changed to reflect a Clarification.
Attorneys representing a corporate entity in an asbestos-related bankruptcy case are entitled to compensation for their years of work on a plan, even that portion initially rejected for bad faith, a Southern District bankruptcy judge has held.
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