U.S. Trustee In Hostess Case: $8.89M In Fees Sought Are 'Unreasonable'

U.S. Trustee In Hostess Case: $8.89M In Fees Sought Are 'Unreasonable'

NEW YORK - The U.S. trustee in the Chapter 11 bankruptcy of Hostess Brands Inc. on March 6 filed a brief arguing that the attorneys and professionals seeking more than $8.89 million in fees and expenses should receive only a percentage of that money because it is unclear at this stage if there will be enough funds in the bankruptcy estate to pay all the claims (In Re: Hostess Brands Inc., No. 12-22052, Chapter 11, S.D. N.Y. Bkcy.).

Find full version on lexis Advance®
Access this news story on lexis.com®