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DOJ Unveils New Fee Guidelines For Big Ch. 11 Cases

Law360, Chicago (June 11, 2013, 1:41 PM ET) -- The U.S. Department of Justice's bankruptcy watchdog arm on Tuesday released its long-awaited new framework for scrutinizing attorneys' fees in large Chapter 11 cases, hoping to boost transparency and keep bankruptcy lawyers from charging above...

Will the Fifth Circuit Clarify Pro-Snax?

For chapter 11 debtor's lawyers, Matter of Pro-Snax Distributors, Inc. , 157 F.3d 414 (5th Cir. 1998) [ an enhanced version of this opinion is available to lexis.com subscribers ] is like the sword of Damocles--constantly hanging over counsel's head and threatening to deny compensation when a...