Ethics And Professional Compensation Committee

Committees

Post date: Monday, May 16, 2016

It has become increasingly common for companies to use nonattorneys in attorney roles for the purpose of cutting costs. However, occasionally these “fee-saving” measures actually end up costing a company even more than if they had an attorney do the work in the first place.

Post date: Monday, May 16, 2016

In Baker Botts L.L.P. v. ASARCO,[1] the Supreme Court held that under § 330(a)(1) of the Bankruptcy Code, estate professionals are not entitled to payment of fees and expenses incurred in connection with the defense of such professional’s fee applications.

Post date: Wednesday, January 13, 2016
Photo of Lesley S. Welwarth
Lesley S. Welwarth

Lawyers focusing on corporate bankruptcy matters, especially those who work at firms with a large national presence, often represent clients throughout the country and are commonly admitted to practice in more than one jurisdiction. Further, bankruptcy attorneys often blend their practice with bankruptcy court litigation and out-of-court restructuring and transactional matters.

Post date: Wednesday, January 13, 2016

After a significant amount of litigation including an appeal, remand and trial over a two-year period, the bankruptcy court overseeing In re River Road Hotel Partners LLC[1] ultimately determined that FBR Capital Markets & Co., located in Arlington, Va. (FBR), was entitled to payment of its restructuring fee of $2,666,965.73 and expenses of $12,179.01.

Post date: Monday, December 14, 2015
Photo of Lesley S. Welwarth
Lesley S. Welwarth

Lawyers focusing on corporate bankruptcy matters, especially those who work at firms with a large national presence, often represent clients throughout the country and are commonly admitted to practice in more than one jurisdiction. Further, bankruptcy attorneys often blend their practice with bankruptcy court litigation and out-of-court restructuring and transactional matters.

Post date: Monday, December 14, 2015

After a significant amount of litigation including an appeal, remand and trial over a two-year period, the bankruptcy court overseeing In re River Road Hotel Partners LLC[1] ultimately determined that FBR Capital Markets & Co., located in Arlington, Va.

Post date: Friday, December 11, 2015

During 2015, the Ethics & Professional Compensation Committee offered three opportunities for ABI members to learn about timely and interesting ethical and compensation issues facing professionals in the bankruptcy arena.  At the Annual Spring Meeting, we paired with the Bankruptcy Litigation Committee to explore the inner-workings of “Trustee Selection in Commercial Bankruptcy Cases:  Who

Post date: Wednesday, December 09, 2015

The recent decision in Sabatini Frozen LLC v. Weinberg, Gross, & Pergament LLP[1] is a tale of a failure of corporate governance of a closely-held corporation, coupled with the failure of debtor’s counsel to adequately address that matter.

Post date: Wednesday, December 09, 2015
Photo of Marta Alfonso
Marta Alfonso

Under 11 U.S.C. § 330(a)(3)(F), professionals seeking payment from a bankruptcy estate must be compensated using reasonable rates and fees charged by comparably skilled professionals in nonbankruptcy cases. Prompted by the size of the professional fees in large chapter 11 filings, the General Accounting Office (GAO) was asked by the U.S. Senate Judiciary Committee to evaluate whether bankruptcy professionals billed higher fees for large chapter 11 cases, and if

Post date: Wednesday, December 09, 2015

In Pham v. Golden,[1] the Ninth Circuit Bankruptcy Appellate Panel (BAP) reversed an award of sanctions against the debtors and their counsel for discovery abuses in an adversary in which the debtors were not parties. In doing so, the court limited or invalidated several local rules that provided the basis for the bankruptcy court’s award of sanctions.

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Mr. Adam D. Herring
Co-Chair
Nelson Mullins Riley & Scarborough, LLP
Atlanta, GA
(404) 322-6143

Ms. Leanne McKnight Prendergast
Co-Chair
Pierson Ferdinand LLP
Jacksonville, FL
(904) 479-6612

Ms. Angela M. Scott
Membership Relations Director
Douglas W. Neway, Standing Chapter 13 Trustee
Jacksonville, FL
(904) 358-6465

Alex S. Chang
Newsletter Editor
Parsons Behle & Latimer
Salt Lake City, UT
(801) 536-6788

Ms. B. Summer Chandler
Special Projects Leader
Louisiana State University Paul M. Hebert Law Center
Baton Rouge, LA
(404) 307-2754

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