Fee requests filed by Proskauer Rose and legacy Dewey & LeBoeuf in the administration of derivatives broker MF Global have been labelled "excessive" in a US court. In an objection filed yesterday, a counsel to the administration rejected the applications and recommended Proskauer reduce its fee from $5m (£3.1m) to $3.25m (£2m) and Dewey drop its request from $3.75m (£2.3m) to $3m (£1.9m).
October 23, 2013 at 07:26 AM
1 minute read
The original version of this story was published on Legalweek
Fee requests filed by Proskauer Rose and legacy Dewey & LeBoeuf in the administration of derivatives broker MF Global have been labelled “excessive” in a US court.
In an objection filed yesterday, a counsel to the administration rejected the applications and recommended Proskauer reduce its fee from $5m (£3.1m) to $3.25m (£2m) and Dewey drop its request from $3.75m (£2.3m) to $3m (£1.9m).
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