I'm just gonna ask this, how much are the petitioners going to have to pay in lawyers fees? i know the court only allowed somewhere in the range of $60,000 to be disbursed to them, but they requested something like $1,250,000, is that going to be billed to the petitioners? I would assume some of the bigger names like KOI could eat it and use it as a tax write off, or is it going to be distributed evenly? Just some information i'd like to know.
I know some lawyers have it in a clause they they would eat it and write it off, but i don't think that would apply to many bankruptcy proceedings.
Anyone have this information?
I'm not sure I understand your question. If you are asking who determines how much the lawyers ultimately get paid it's the judge. If you are asking if creditors would some how be responsible for covering any difference between what the judge allows in legal fees and what is available the answer is no. If their isn't enough recovered to pay the lawyers they eat the cost. If the judge decides not to allow their full fee they eat that cost too.