Attorneys and accountants for the court trustee in the messy bankruptcy of Ponzi schemer Scott Rothstein's collapsed law firm have asked a judge to authorize nearly $2.2 million in fees for less than three months' work.More than $1.2 million of the fees were billed by Berger Singerman, a South Florida law firm.
"It is a significant amount of money, and there will be significant legal fees that will continue to accrue. There is a massive amount of work," said firm partner and bankruptcy expert Paul Singerman.
Others that asked for large initial fees in the case last week: Miami accounting firm Berkowitz Dick Pollack & Brant ($611,640) and Miami law firm Genovese Joblove & Battista ($324,805).
Each of the firms has agreed to accept much less now than they claim they are owed — 65 percent less in Berger Singerman's case — because there's not enough money in the bankruptcy estate of Rothstein Rosenfeldt Adler. If their requests are approved, they would be entitled to receive that money later if funds are recovered.
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Lawyers, Accountants Seek Big Fees in Rothstein Bankruptcy
6 comments:
I use to love the "Sunshine State" having been there many, many times. Now I'm convinced it's the last place I would recommend anyone to go. The lawyers and their entire Judicial System appear to care ONLY about money!
And there we go -- the lawyers will make out big time and the victims will get the shaft!
You're both right!
You're ALL right!
When the bloated beasts are finished feeding, what will be left for the victims?
That's what it's all about - big fees.
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