Thursday, April 27, 2006

Consulting firms continue to make big bucks off O'Sullivan bankruptcy

Three bills totaling nearly $700,000 were submitted today by three companies hired by O'Sullivan Industries officials to help them through their Chapter 11 bankruptcy.
Between March 1 and April 12, when the company emerged from bankruptcy, it was billed for $509,474.93 by Dechert LLP, $114,057.06 by FTI Consulting, and $48,122.61 by Lamberth, Cifelli, Stokes and Stout PA, according to documents filed today in U. S. Bankruptcy Court for the Northern District of Georgia.

1 comment:

Anonymous said...

It sounds like a scam to me...a way to launder money possibly.