Home

Judge Caps Sidley Austin’s Hourly Rate On Tribune Efforts
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

U.S. Bankruptcy Judge Kevin Cary has ruled that lawyers for the Tribune Company’s bankruptcy case cannot charge hourly fees that exceed four figures.

Lawyers from Sidley Austin LLP , who is representing Tribune in the case, wanted hourly rates that went as high as $1,100.  That is the highest rate ever sought for a firm dealing in bankruptcy reorganization.  Cary capped the hourly payments at $925, and said that if anyone wants more than $1000, they must attend a hearing where the lawyer proves he or she is worth such a price.

  
What
Where


Tribune filed bankruptcy under Chapter 11 this past December.  It listed $13 billion in debt, and $7.6 billion in assets.  Tribune owns eight newspapers, including the Chicago Tribune and the Los Angeles Times.  It also owns 23 television stations, the Chicago Cubs, as well as where the Cubs play, Wrigley Field.



 

RELEVANT JOBS

Associate Attorney

USA-PA-Exton

ASSOCIATE ATTORNEY McKenna Snyder LLC, a law firm in Exton, PA has an immediate opening for an ex...

Apply now

Attorney

USA-MI-Sturgis

Qualifications: HaasCaywood is seeking associate attorneys for our Coldwater and Sturgis, Michiga...

Apply now

Attorney

USA-MI-Coldwater

Qualifications: HaasCaywood is seeking associate attorneys for our Coldwater and Sturgis, Michiga...

Apply now

Deputy General Counsel / Senior Deputy General Counsel

USA-CA-Sacramento

Cal Cities Culture and Mission Cal Cities is dedicated to creating a collaborative and inclusive ...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Education Law Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with ...

Apply Now

Education Law Attorney

USA-CA-Carlsbad

Carlsbad office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with 4-...

Apply Now

Education Law and Public Entity Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law and public ent...

Apply Now

SEARCH IN ARCHIVE

To Top