A New York federal bankruptcy judge on Thursday approved $145 million in fees for about 30 law firms, financial advisers and others for the first year of the restructuring of auto parts supplier Delphi Corp. Among the advisers for the former General Motors subsidiary, the biggest bill comes from Skadden, Arps, Slate, Meagher & Flom, which recorded fees and expenses of $32.79 million for the year.
February 16, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.com
A federal bankruptcy judge on Thursday approved $145 million in fees to lawyers and financial advisers for the first year of the restructuring of auto parts supplier Delphi.
Troy, Mich.-based Delphi Corp., a former subsidiary of General Motors Corp. until 1999, has incurred nearly $135 million in professional fees and $10 million in expenses for the period from its voluntary bankruptcy protection filing on Oct. 8, 2005, through the end of September 2006.
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