DETROIT (AP) — The judge who handled Detroit’s bankruptcy has given his blessing to $178 million in fees charged by law firms and other professionals in the case.
Judge Steven Rhodes says the pay is “reasonable,” a key standard under bankruptcy law. The city’s law firm, Jones Day, leads the way at $58 million. The judge recently hailed the firm’s work as “extraordinary.”
Detroit is paying the bills of lawyers, financial consultants, turnaround specialists and other professionals who represented the city as well as pension funds, retiree groups and certain city departments. Fees worth millions of dollars were reduced through private negotiations.
The city emerged from bankruptcy in December after just 17 months.
- Posted February 17, 2015
- Tweet This | Share on Facebook
Judge approves $178M in professional fees
headlines Macomb
headlines National
- Lucy Lang, NY inspector general, has always wanted rules evenly applied
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- 2024 Year in Review: Integrated legal AI and more effective case management
- How to ensure your legal team is well-prepared for the shifting privacy landscape
- Judge denies bid by former Duane Morris partner to stop his wife’s funeral
- Attorney discipline records short of disbarment would be expunged after 8 years under state bar plan
