Advisers working on the Dewey & LeBoeuf bankruptcy endured a round of criticism last week from the judge overseeing the defunct firm’s Chapter 11 case, who expressed qualms over what he considered excessive fees and expenses billed to the cash-strapped estate.
Taxi rides, pricey hotel stays, and vague time entries all got cut as Southern District Bankruptcy Court Judge Martin Glenn (See Profile) approved preliminary fee requests from a dozen law firms, accounting shops, and other advisory outfits. In total, $14.1 million in bills have been submitted for time spent working on the bankruptcy from its inception in late May through the end of October.
