Baker Botts tried again, after ASARCO, to gain fee entitlement for «fees on fees» defense work by structuring a provision in its retention that allowed for a 10 % Fee Premium with respect to aggregate fees, a Fee Premium which would be waived if BB did not incur material fees and expenses from
defending its fee applications.
The U.S. Supreme Court has issued its opinion in Baker Botts v. Asarco, holding that professionals retained in bankruptcy cases can not receive compensation for the costs of
defending their fee applications.
Not exact matches
[1] The Applicant -LRB-...) challenges the enforceability of a contingency
fee agreement she entered into with her solicitor in
defending a forfeiture
application made by the Crown.
Today, the U.S. Supreme Court granted certiorari to resolve whether bankruptcy judges have discretion under Bankruptcy Code section 330 (a) to award bankruptcy attorneys
fees and costs for
defending fees / expenses which are the subject of
fee applications for «core»
fees.
On October 2, 2014, we posted on SCOTUS granting certiorari with respect to a Fifth Circuit decision denying Baker Botts substantial
fees and costs in
defending their core
application fee efforts.
Such expenses include the costs for notarizing fraud affidavits; certified mail sent to law enforcement, financial institutions and credit agencies; lost income resulting from time off work to meet with law enforcement or credit agencies; loan
application fees for reapplying for a loan; and reasonable attorney
fees incurred to
defend lawsuits brought against the insured and to remove criminal or civil judgments.