5th Circuit: Bankruptcy Court Ruling Stands; Conflict Not A 'Disqualifying' Issue

5th Circuit: Bankruptcy Court Ruling Stands; Conflict Not A 'Disqualifying' Issue

NEW ORLEANS - A panel of the Fifth Circuit U.S. Court of Appeals on March 29 ruled that a bankruptcy court did not abuse its discretion in ruling that a law firm's conflict of interest was not a "disqualifying adverse interest" and, therefore, it could collect fees related to a Chapter 11 bankruptcy proceeding (Robbye R. Waldron v. Adams & Reese [In the Matter of American International Refinery Inc.], No. 11-30462, Chapter 11, 5th Cir.; 2012 U.S. App. LEXIS 6367).

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