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Some 'old GM' bankruptcy fees questioned 9/23/11

http://www.detnews.com/article/20110923/AUTO01/109230456/1148/auto01/Some--old-GM--bankruptcy-fees-questioned


By David Shepardson; The Detroit News~ Sep 23, 2011 


Washington — A federal bankruptcy judge in New York is expected to decide Monday whether to approve nearly $125 million in legal fees and expenses for lawyers and consultants at "old" General Motors Corp. 


The U.S. Trustee has raised objections to $3 million in charges — for lawyers who hiked their billing rates during the two-year-bankruptcy proceedings. Some lawyers hiked their hourly rates by 20 percent or more during the bankruptcy case.


 

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