News/Resources: FIRM NEWS
National Law Journal quotes Bill Baldiga in "Fee enhancement limits don't extend to bankruptcy, Fifth Circuit rules"
National Law Journal
August 21, 2012
National Law Journal quoted William Baldiga, Managing Director of the Litigation & Restructuring Department, in the article "Fee enhancement limits don't extend to bankruptcy, Fifth Circuit rules" which discusses the fee enhancement ruling.
From the article:
The ruling will be "very welcomed by bankruptcy professionals of all stripes" — not just lawyers, said Bill Baldiga, a New York lawyer and managing director of Boston-based Brown Rudnick's litigation & restructuring department.
Baldiga's firm wasn't involved in the Fifth Circuit arguments, but CRG is a client and the firm represented the official equity committee in the underlying Pilgrim's Pride bankruptcy. "It gives some clarity to the ability of a district court judge to make a fee enhancement decision," he said.
There have been quite a number of other situations in which professionals have been reluctant to request a premium even after extraordinary service, he continued. "This will give precedent and courage to both law firms and financial advisory firms to request premiums when premiums should be awarded."