Lawyers ask for $24M more in Delta reorganization
Cincinnati Business Courier - 2:32 PM EST Monday
The lawyers guiding Delta Air Lines through its Chapter 11 bankruptcy reorganization have asked the court for another $24.3 million in fees and expenses, according to an Associated Press story.
The U.S. Bankruptcy Court scheduled a hearing on the request for Dec. 13.
The lawyers, who represent 20 different law firms, have received compensation totaling almost $100 million so far, according to the AP. The latest request covers about four months of work.
Davis, Polk and Wardwell, the lead firm in the bankruptcy case, made the largest request, for about $7.7 million, the AP said.
Delta (Pink Sheets: DALRQ) said it hopes to emerge from bankruptcy in 2007. The airline, which operates its second-largest hub from the Cincinnati/Northern Kentucky International Airport, declared bankruptcy in September 2005.
Cincinnati Business Courier - 2:32 PM EST Monday
The lawyers guiding Delta Air Lines through its Chapter 11 bankruptcy reorganization have asked the court for another $24.3 million in fees and expenses, according to an Associated Press story.
The U.S. Bankruptcy Court scheduled a hearing on the request for Dec. 13.
The lawyers, who represent 20 different law firms, have received compensation totaling almost $100 million so far, according to the AP. The latest request covers about four months of work.
Davis, Polk and Wardwell, the lead firm in the bankruptcy case, made the largest request, for about $7.7 million, the AP said.
Delta (Pink Sheets: DALRQ) said it hopes to emerge from bankruptcy in 2007. The airline, which operates its second-largest hub from the Cincinnati/Northern Kentucky International Airport, declared bankruptcy in September 2005.
