In Re Drexel Burnham Lambert Group, Inc.
United States Bankruptcy Court, S.D. New York
1Opinion of the Court
MEMORANDUM OF DECISION ON REASONABLENESS OF PROFESSIONAL FEES
FRANCIS G. CONRAD, Bankruptcy Judge.
This matter 1 is before us by result of our May 23, 1991 bench order directing certain professionals (Attorneys, Accountants, Investment Bankers/Advisors) to submit proprietary data, under seal, on how their firms calculate rates and disbursements charged to the Drexel Bum-ham Lambert Group, Inc. (DBL) bankruptcy estate. An evidentiary hearing was conducted on August 8, 1991.
The review of professional fees by a Court, particularly when, as here, many of the professionals, although not all, have…
2Cases cited40 opinions
- Hensley v. EckerhartSupreme Court of the United States · 1983
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- City of Riverside v. RiveraSupreme Court of the United States · 1986
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