Saturday, May 20, 2006

More than $5 million in bills submitted in O'Sullivan Industries bankruptcy

Final bills totaling more than $5 million were submitted by three of the companies that advised O'Sullivan Industries officials in its Chapter 11 bankruptcy proceedings.
According to documents filed Friday in U. S. Bankruptcy Court for the Northern District of Georgia, Lazard Freres & Co. submitted a bill for a $2,812,500 fee for work done between Oct. 14 when the bankruptcy was filed and April when the company emerged from bankruptcy. That did not include $106,572.86 Lazard claims for expenses.
FTI Consulting's bill was for $1,834,836.25, not counting $206,835.32 in expenses. Finally, Lamberth, Cifelli, Stokes & Stout submitted a bill for $216,526, not counting $29,231.92 for expenses.

No comments: