In re Platinum Oil Props. LLC
Dec
23
2009
Ruling
Approval of debtor's counsel's interim fee applications conditioned on supplemental disclosure of representation of parties with adverse interests to estate.
Procedural posture
Debtor's counsel submitted its first interim fee application sought allowance of compensation in the amount of $ 151,139.36 for fees and $ 4,646.12 for expenses. Creditor filed an objection to the fee application, asserting that the debtor did not own the interests it claimed in two oil and gas leases, and that the counsel represented parties that held adverse interests, and failed to make a proper disclosure under Fed. R. Bankr. P. 2014(b).
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Court
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