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Detroit Bankruptcy Firms File Statements Justifying Hefty Price Tag

Volume 5, Issue 1 On January 16, the law firms involved in the city of Detroit’s bankruptcy filings, lead among them Jones Day and Dentons US LLP, filed disclosure statements...

23% of Charges in Filene’s Basement Bankruptcy Sample Found to be Objectionable

(Volume 1, Issue 16) On May 4, 2009, Filene’s Basement Inc. (Filene’s Basement) filed for Chapter 11 Bankrupcy Protection in preparation for a sale. It marked the second time in...

Over 63% of Dodgers’ Bankruptcy Billing Sample Found to be Objectionable

(Volume 1, Issue 15) On June 27, 2011, the Los Angeles Dodgers (“Dodgers”) filed for chapter 11 bankruptcy. In March 2011, Forbes magazine ranked the Dodgers as the world’s thirty-eighth...

Over $500,000 in Objectionable Charges Found in Nortel’s Bankruptcy Billing Sample

(Volume 1, Issue 14) Nortel Networks, Inc., a Canadian telecommunications equipment maker, filed for bankruptcy in both Canada and the U.S. in January 2009. Sterling Analytics, a legal cost consulting...

Over 25% of Borders’ Bankruptcy Billing Sample Found to be Objectionable

(Volume 1, Issue 13) Borders Group, Inc. was a national chain of physical and Internet based book distributors. As a result of its months of missed vendor payments and declining...

General Growth’s Bankruptcy Billings Contain Large Amounts of Multiple Attorneys Charging for the Same Meetings

(Volume 1, Issue 12) General Growth Properties is a publicly traded real estate investment trust that owns, develops and operates regional shopping centers across the United States. As a result...

Over 75% of CIT Group’s Bankruptcy Billings Found to be Objectionable

(Volume 1, Issue 11) CIT Group Inc. is a bank holding company, providing lending, advisory, and leasing services to small and middle market businesses. In November 2009, CIT filed for...

Lyondell Chemical Bankruptcy Bills Contain Multiple Attorneys Attending Meetings, Impermissible Task Descriptions and Overhead Charges

(Volume 1, Issue 10) In January 2009, one of the largest U.S. chemical companies, Lyondell Chemical Company, filed for chapter 11 bankruptcy.  The company emerged 16 months later as LyondellBasell...

Approximately Half of A&P’s Bankruptcy Billings Sample Found to be Objectionable

(Volume 1, Issue 9) Great Atlantic and Pacific Tea Company, Inc. is one of the nation’s first supermarket chains. On December 12, 2010, A&P filed for Chapter 11 bankruptcy in the...

More Than Half the Charges Submitted in Bally Bankruptcy Fee Petition Found to be Objectionable

(Volume 1, Issue 8 ) In December 2008, Bally Total Fitness filed for bankruptcy in the Southern District of New York. The law firm of Curtis, Mallet-Prevost, Colt and Mosle,...

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