July 21, 2008
Aloha Committee Counsel Seeks $235,000 in Fees for One Month
The firm of Sonnenschein Nath & Rosenthal which represented the Creditor's Committee for the month before the chapter 11 case was converted to chapter 7 has filed a fee application seeking $235,000 in fees. GMAC has objected to the application calling it excessive (duh). For some telephone calls, Sonnenschein billed $2,000 per hour. That would be two partners in the $750 range and one in the $600 range. The objection of GMAC can be found here and here. The hearing is July 29. I will check back then. These matters are tough for the judge because the objection complains away but doesn't really tell the judge what number he should approve. Judges tend to simply lop off 10% or some other nominal amount since that is the safe path.
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