Thursday, March 21, 2002

Enron bankruptcy lawyers' fees top $11 million in two months


The Texas Attorney General's office asked the New York judge overseeing Enron Corp.'s bankruptcy to appoint an independent fee examiner to make sure attorneys representing the company submit reasonable bills.

Legal fees and expenses assessed by Enron's bankruptcy lawyers reached $11.7 million two months after the company filed the largest bankruptcy in U.S. history on Dec. 2.

Jeff Boyd, deputy attorney general, said each dollar spent on such fees is a dollar less that can be paid to creditors. Enron owes the state about $70 million.

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