Kiss Those Three Star Lunches Goodbye

For 2 1/2 years, lawyers and investment bankers for Allegheny International Inc. steered the Pittsburgh housewares company through an especially tangled and litigious Chapter 11 case. Renamed Sunbeam-Oster, the company emerged from bankruptcy last year and was soon making money. By then, the judge had only to settle some final details, such as how much to pay the professionals. Confident of their contribution, the lawyers asked for a $2.7 million bonus on top of their $7 million in fees.

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