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Success Fees – Technical Arguments Fail in the Face of Broad Definitions

By Fox Rothschild LLP on July 29, 2017
Posted in Opinions

In a decision signed July 26, 2017 in the Nephrogenex bankruptcy (case 16-11074), Judge Gross of the Delaware Bankruptcy Court approved of the application of the Debtor’s investment banker for a success fee over the objection of, among others, the Debtor and the purchaser of all the reorganized debtor’s equity. Judge Gross’s opinion is available…

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