Dewey and Proskauer Rose fees examined over MF Global

October, 24 2013

Fees charged by Proskauer Rose LLP and Dewey & LeBoeuf LLP have been criticised for being excessive and are the subject of a New York bankruptcy court.

A NY bankruptcy court analyses excessive fees charged upon broker MF Global zimmytws

The two firms acted for a creditors' committee during the bankruptcy proceedings of broker MF Global. But the administrator argues that they are overstated by at least US $2.5 million. The administrator is calling for them to be reduced, claiming that far more time was run up than was necessary, according to Law360.