Judge rejects bonus for NWA law firm
Court Alerts
[##_1L|1404437736.jpg|width="130" height="92" alt=""|_##]A bankruptcy court judge on Tuesday approved $124.2 million in fees and expenses for the lawyers and advisers who helped Northwest Airlines Corp. through Chapter 11 bankruptcy. But he held off on awarding another $4.2 million in possible bonuses. U.S. Bankruptcy Judge Allan Gropper, who presided over the Eagan-based carrier's bankruptcy case, denied a petition for a $3.5 million bonus for Northwest's lead law firm, Cadwalader, Wickersham & Taft and a $700,000 bonus for creditor law firm Otterbourg, Steindler, Houston & Rosen, according to the Associated Press.
To be eligible for those payments, their work should have produced a "remarkable result" that wouldn't have been the result of ordinary performance.
The Association of Flight Attendants, the U.S. trustee on the case and a former creditor had opposed the bonuses.
Cadwalader earned $35.4 million in fees and $2.2 million in expenses. Otterrbourg earned $7 million in fees and $210,231 in expenses. They were among 24 law firms and advisers that were part of Northwest's bankruptcy team. The group included Minneapolis-based Dorsey & Whitney, which had applied for final fees of $3.2 million and expenses of $171,753, according to legal filings.
Related listings
-
Knicks' Thomas in Court As Jury Selection Begins
Court Alerts 09/11/2007[##_1L|1031257322.jpg|width="130" height="90" alt=""|_##]New York Knicks Coach Isiah Thomas and a former team executive who claims he subjected her to unwanted sexual advances appeared in federal court yesterday as jury selection began in her $10 mil...
-
NY’s High Court Hears Death Penalty Arguments
Court Alerts 09/10/2007[##_1L|1296461232.jpg|width="180" height="135" alt=""|_##]Prosecutors argued on Monday before New York State's highest court that the lone man remaining on the state's death row should face execution despite a landmark 2004 court ruling that effectiv...
-
Naked Montclair carpenter not guilty
Court Alerts 09/10/2007Carpenter Percy Honniball enjoys practicing his craft in the nude and, according to at least one Alameda County Superior Court judge, there is nothing legally wrong with that. Judge Julie Conger found Honniball not guilty of indecent exposure Thursda...
Illinois Work Injury Lawyers – Krol, Bongiorno & Given, LTD.
Accidents in the workplace are often caused by unsafe work conditions arising from ignoring safety rules, overlooking maintenance or other negligence of those in management. While we are one of the largest firms in Illinois dedicated solely to the representation of injured workers, we pride ourselves on the personal, one-on-one approach we deliver to each client.
Work accidents can cause serious injuries and sometimes permanent damage. Some extremely serious work injuries can permanently hinder a person’s ability to get around and continue their daily duties. Factors that affect one’s quality of life such as place of work, relationships with friends and family, and social standing can all be taken away quickly by a work injury. Although, you may not be able to recover all of your losses, you may be entitled to compensation as a result of your work injury. Krol, Bongiorno & Given, LTD. provides informed advocacy in all kinds of workers’ compensation claims, including:
• Injuries to the back and neck, including severe spinal cord injuries
• Serious head injuries
• Heart problems resulting from workplace activities
• Injuries to the knees, elbows, shoulders and other joints
• Injuries caused by repetitive movements
For Illinois Workers’ Compensation claims, you will ALWAYS cheat yourself if you do not hire an experienced attorney. When you hire Krol, Bongiorno & Given, Ltd, you will have someone to guide you through the process, and when it is time to settle, we will add value to your case IN EXCESS of our fee. In the last few years, employers and insurance carriers have sought to advance the argument that when you settle a case without an attorney, your already low settlement should be further reduced by 20% so that you do not get a “windfall.” Representing yourself in Illinois is a lose-lose proposition.