A recent appellate holding that bankruptcy cases aren’t governed by a U.S. Supreme Court ruling limiting district courts’ fee enhancement power will help lawyers seek bonus fees when they get good results for creditors, according to practitioners who reviewed the opinion.
The 5th U.S. Circuit Court of Appeals on Aug. 10 affirmed Northern District of Texas Bankruptcy Judge Russell Nelms’ April 2011 award of a $1 million fee enhancement to turnaround consulting firm CRG Partners Group LLC.
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