Fee Puts Law Firm In Trustee's Sights
Jan. 9 (Bloomberg) -- Law firm Kaye Scholer LLP and financial advisor Capstone Advisory Group LLC are in the sights of a U.S. Trustee aiming to claw back $12 million for an undisclosed agreement to share fees awarded in the now-completed bankruptcy of GSC Group Inc according to Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. The effort by Lehman Brothers Holdings Inc. to avoid real estate recording taxes and AMR Corp.'s admission that the holding company may be solvent are the next topics of conversation. Rochelle provides a rundown on bankruptcy filings statistics for 2012 showing another dramatic decline in all categories including individual, corporate, and small business. The video ends with discussion of important decisions in the cases for Sentinel Management Group Inc. and Hostess Brands Inc.