In re eToys Inc.
Oct
04
2005
Ruling
Fees for debtor's counsel were disgorged for failing to disclose conflict of interest as to counsel's representation of two parties involved in the bankruptcy.
Procedural posture
The debtors filed voluntary chapter 11 petitions for relief. The shareholder and the corporation filed post-confirmation motions for removal, disgorgement of fees, and sanctions for retained professionals contravening the disclosure requirements of Fed. R. Bankr. P. 2014, the conflict of interest prohibitions of 11 U.S.C. § 327(a). The trustee and a committee filed motions for approval of settlements.
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Court
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