AA clocks up $200m in bankruptcy fees

Victoria
By Victoria November 14, 2012 22:55

AA clocks up $200m in bankruptcy fees

In less than a year since AMR Corp filed for bankruptcy protection, the parent of American Airlines has spent $200 million in professional fees and expenses.
Law firms, financial advisers and other professionals involved in the airline reorganization have billed $191.4 million in fees and $9.2 million for expenses for a total of $200.6 million, according to court records.
Weil, Gotshal & Manges, the leading law firm in the airline bankruptcy, was singled out as the highest cost with bills for free reaching $48.8 million in fees and $1.9 million in expenses.
Law firms Debevoise & Plimpton and Paul Hastings were each named for their high bills, also.
More than three dozen professional firms are having their fees and expenses covered by AMR and American.

Victoria
By Victoria November 14, 2012 22:55
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