Legal Opinion

Lazard Freres & Co. v. Northwestern Corp. (In Re Northwestern Corp.)

District Court, D. Delaware

Decided May 22, 2006No. Bankruptcy No. 03-12872-JLP, Civ.A. No. 05-395-JJFPublishedCited by 1 opinion

1Opinion of the Court

MEMORANDUM OPINION

FARNAN, District Judge.

Pending before the Court is an appeal by Lazard Freres & Co. LLC (“Lazard”) from the May 5, 2005 Order (the “Fee Order”) of the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). (Bankr.Case No. 03-12872) Lazard was retained as a financial advisor by the Official Committee of Unsecured Creditors of Northwestern Corporation (“Northwestern”) in connection with NorthWestern’s Chapter 11 bankruptcy case. By its appeal, Lazard contends that the Bankruptcy Court erred in sua sponte reducing its Restructuring Fee by 50%. For…

2Cases cited3 opinions

  1. Zolfo, Cooper & Co. v. Sunbeam-Oster Company, IncCourt of Appeals for the Third Circuit · 1995
  2. In Re Cendant Corp. Securities LitigationCourt of Appeals for the Third Circuit · 2005
  3. In Re Northwestern Corp.United States Bankruptcy Court, D. Delaware · 2005

3Cited by1 opinion

  1. In Re Northwest Airlines Corp.United States Bankruptcy Court, S.D. New York · 2008

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