DETROIT (AP) — The judge who handled Detroit’s bankruptcy has given his blessing to $178 million in fees charged by law firms and other professionals in the case.
Judge Steven Rhodes says the pay is “reasonable,” a key standard under bankruptcy law. The city’s law firm, Jones Day, leads the way at $58 million. The judge recently hailed the firm’s work as “extraordinary.”
Detroit is paying the bills of lawyers, financial consultants, turnaround specialists and other professionals who represented the city as well as pension funds, retiree groups and certain city departments. Fees worth millions of dollars were reduced through private negotiations.
The city emerged from bankruptcy in December after just 17 months.
- Posted February 17, 2015
- Tweet This | Share on Facebook
Judge approves $178M in professional fees
headlines Macomb
- Sharing some holiday cheer
- MDHHS shares latest MISEP update demonstrating strong progress and improvements made in keeping children safe
- Task force investigations result in two men arraigned on charges including armed robbery, conducting a criminal enterprise
- Law firm honors local teacher as Exceptional Educator of the Month
- Nessel announces settlements with Lannett and Bausch approaching $18M over conspiracies to inflate prices and limit competition
headlines National
- Inter American University of Puerto Rico School of Law back in compliance with ABA standard
- Chemerinsky: The Fourth Amendment comes back to the Supreme Court
- Reinstatement of retired judge reversed by state supreme court
- Mass tort lawyer suspended for 3 years for lying to clients
- Law firms in Minneapolis are helping lawyers, staff navigate unrest
- Federal judge faces trial on charges of being ‘super drunk’ while driving
