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Cap on Legal Fees in Bankruptcy Alarms Firms

Lawyers representing directors and officers of IndyMac Bancorp Inc. are attempting to remove a cap on their billing rates, the latest example of how judges are scrutinizing hourly fees in large bankruptcies.

16 minute read May 26, 2009 at 07:32 AM
By
Amanda Bronstad
Cap on Legal Fees in Bankruptcy Alarms Firms

Lawyers representing directors and officers of IndyMac Bancorp Inc. are attempting to remove a cap on their billing rates, the latest example of how judges are scrutinizing hourly fees in large bankruptcies.

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