Henry A. Leonard & Co. v. United States Trustee (In Re River Foal, Inc.)

MEMORANDUM ORDER

VINCENT L. BRODERICK, District Judge.

I

This bankruptcy appeal presents a conflict between contractual commitments for payments for services of appellant Henry A. Leonard & Co., Inc. (the “auctioneer”) for auctioneer and brokerage work in connection with sale of assets of the debtor, and limitations imposed by the Bankruptcy Court under Local Rule 41, which provides in pertinent part:

“(b) Compensation. Unless the court orders otherwise for cause shown ... the auctioneer shall be allowed commissions [at defined percentages decreasing as the amount involved increases, and]…