• Home
  • News
  • $500 Hourly Fee Enough, Judge Says

Attorney Fees

$500 Hourly Fee Enough, Judge Says

Posted Sep 12, 2007 8:58 AM CDT
By Debra Cassens Weiss

  • Print
  • Reprints
  • Share

A judge has refused to approve $4.2 million in bonuses for lawyers involved in the Northwest Airlines bankruptcy case.

U.S. Bankruptcy Judge Allan Gropper of New York City said the lawyers, who charged average rates of $500 an hour, had already earned enough, the Wall Street Journal reports (sub. req.).

The airline's lead law firm, Cadwalader, Wickersham & Taft, had sought a $3.5 million fee enhancement. Otterbourg, Steindler, Houston & Rosen, which represented creditors, had sought a $700,000 bonus.

Comments

Add a Comment

We welcome your comments, but please adhere to our comment policy. Flag comment for moderator.