fees

The professionals working on the long-running U.S. bankruptcy case of defunct telecommunications company Nortel  raked in another $36 million this week.

TelexFree LLC’s bankruptcy advisers will forgo more than $1 million in fees they charged during the short time they worked for the company, which has since been accused of operating a massive pyramid scheme.

In the niche practice of law-firm bankruptcies, Texas law firm Diamond McCarthy LLP has earned a reputation for its willingness to sue other lawyers.

Now, the firm is suing a lawyer it knows well—its former partner Sheila Gowan, who Diamond McCarthy says unjustly pocketed a $1.4 million fee for her work as Dreier LLP’s bankruptcy trustee.

On Tuesday in Manhattan, a judge will consider approving nearly $400 million in fees and expenses for the professionals who worked on the American Airlines bankruptcy.

The amounts were recommended by fee examiner Robert Keach, a former American Bankruptcy Institute president who said the attorneys and advisers engineered “perhaps the most efficient airline reorganization case on record.”

Coming soon, to a bankruptcy court near you—new fees.