June 19, 2015
Special counsel Benjamin D. Feder’s blog post, “Baker Botts v. Asarco: The Supreme Court Shows Again That It Really Doesn’t Understand Corporate Bankruptcy Cases” was included in Rust Omni Bankruptcy Today’s newsletter, which provides access to recent significant Chapter 11 case filings, relevant restructuring news and samples of some our current distressed company profiles. Originally published in Kelley Drye’s Bankruptcy Law Insights blog, the post discusses the repercussions of the U.S. Supreme Court’s ruling in Baker Botts v. Asarco on attorney and bankruptcy court judges. Mr. Feder explains that the court’s ruling, which states that compensation cannot be given for defending fee applications, will encourage more litigation challenges to the allowance of professional fees, and increase the costs and time necessary to wind down chapter 11 bankruptcy estates.
To read the full blog post, please click here.