Delta Air Lines Inc. is on the hook for about $30 million in legal fees to its own bankruptcy counsel and to the counsel of the companies it owes money. Delta must also pay about $9.9 million in fees to accounting firms, investment banks and other consultants.
Delta’s $41.4 million bankruptcy tab, which includes fees and expenses, was approved on Monday by U.S. Bankruptcy Court Judge Adlai S. Hardin Jr., for work between Sept. 14 and Jan. 31. For eight separate law firms, Hardin approved the exact amount each firm requested. Bankruptcy judges typically approve firms’ full fee requests, said C. David Butler, a former U.S. Bankruptcy Court trustee and of counsel at Shapiro Fussell.
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