Wednesday, June 6, 2012

But It Is Only $3.6 Million Per Year

Last month, LightSquared, Inc., filed bankruptcy. In any bankruptcy, there are numerous court filings, including the costs associated with the bankruptcy. In a recent filing, it was disclosed that the cost per hour for former Solicitor General Theodore Olson to work on the bankruptcy was a staggering $1,800. Fortunately, David Fotouhi, an associate at the same firm, was only charging $445 per hour. http://blogs.wsj.com/law/2012/06/06/bankruptcy-fees-the-ted-olson-edition/