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
Success Fee
In re: Hipcricket Inc. Provides a Lesson on the Importance of Defined Terms
By Fox Rothschild LLP on
Posted in Opinions
On September 29, 2015, Judge Laurie Selber Silverstein of the Delaware Bankruptcy Court ruled on the objection of a distribution trustee to payment of the bankruptcy debtor’s investment banker. This opinion caught my eye as it is unusual for objections to fee applications to merit written opinions. The “Opinion” is available here.
In this case,…