Big Money for Lawyers

The total court-approved compensation for Revel Atlantic City’s bankruptcy lawyers will likely top $10 million. The lawyers have already been approved for just under $10 million and are requesting $3.2 million more.

Bankruptcy attorney fees for Revel Atlantic City’s corporate parent are at just under million with potentially another .2 million to come.

According to bankruptcy court records, the attorneys have already been approved for $9.97 million in fees for the bankruptcy and sale of the casino and have filed a pair of invoices for another $3.19 million, according to the Press of Atlantic City.

The vast majority of the fees are for services from White & Case, the New York-based firm that specializes in corporate restructuring and led the effort to sell the Boardwalk property for $82 million to developer Glenn Straub’s company, the Press reported.

**GGBNews.com is part of the Clarion Events Group of companies (Clarion). We take your privacy seriously. By registering for this newsletter we wish to use your information on the basis of our legitimate interests to keep in contact with you about other relevant events, products and services which may be of interest to you. We will only ever use the information we collect or receive about you in accordance with our Privacy Policy. You may manage your preferences or unsubscribe at any time using the link in our emails.