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February 23, 2009
Get In Line
A law firm represented an insurance company that went into receivership had sought priority of payment in connection with their pre-liquidation legal services. The New Hampshire Supreme Court affirmed a trial court's ruling that general litigation services rendered and payable prior to liquidation do not consitute administration costs: " [The law firm] does not advance nor do we discern any principled way to distinguish between the fee for [the firm's] pre-liquidation legal representation and the fees of the other pre-liquidation professionals falling within the residual classification of [the law regarding administration costs.] " (Mike Frisch)
February 23, 2009 in Billable Hours | Permalink
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