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“The failure rate is three times as high today as was two decades ago. Many of those that get out now find themselves back in at some point.”
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“This is not a normal practice. They evaded the court's control. This is an unusual way to pay and an unusual amount of money.”
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“Firms decide what to bill, and no one is looking over their shoulders.”
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“The only thing I see there that is really questionable is the $12 million success fee. Success is almost assured.”
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“What he has to do is keep his job until a year before plan confirmation, and it'll be almost impossible for him to fail at that.”
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“This seems reasonable in comparison to what has been done in other large public company cases.”
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“It's like your little brother trying to get part of the pie. You want to keep him from cutting into the slice you want.”
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“You can't say United is the biggest of all time, but it is certainly in the top 10. Probably the top five in terms of the fees.”
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“New York has cut fees more than other districts. Not that fees are lower in New York, but they cut them more in New York.”
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“It's a different cutting of the company's pie. It means that some creditors get more than they otherwise would, and other creditors will be getting less.”
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