- 11 U.S.C.
In re Texas Rangers Baseball Partners
Apr
06
2011
Ruling
Financial advisor to debtor baseball club on successful sale allowed transaction fee but in reduced amount.
Procedural posture
Debtor baseball club filed a petition under Chapter 11 of the Bankruptcy Code, and the bankruptcy court approved the sale of the club to an LLC. A partnership that served as a financial advisor to the debtor filed an application for allowance of compensation and reimbursement of expenses. The United States Trustee, an agent for second lien lenders, and the bankruptcy plan administrator filed objections.
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Court
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