Weil Gotshal & Manges LLP , chief bankruptcy counsel for old General Motors Corp ., was docked almost $140,000 by the fee examiner for time spent reviewing the firm’s own time records. At a hearing tomorrow, the bankruptcy judge will pass on $14.7 million in fee requests by all professionals in the case for the period from Oct. 1 through Jan. 31.
Lehman Brothers Holdings Inc. will pay its lead bankruptcy law firm Weil Gotshal & Manges LLP $1 million for expenses in the four months from June 1 to Sept. 30, on top of fees of $42.6 million, according to a court filing.
Latham & Watkins LLP’s Zachary Fardon was nominated by President Obama to be U.S. Attorney for the Northern District of Illinois in Chicago. He would replace Patrick Fitzgerald, who left last June and joined Skadden Arps Slate Meagher & Flom LLP.
Harvey R. Miller , lead bankruptcy lawyer for Lehman Brothers Holdings Inc. , said lawsuits against banks by the trustee liquidating Bernard L. Madoff ’s firm “are in a gray area” because it’s “not clear a financial institution has fiduciary duties to investigate fraud and go out and report it.”