In re First Magnus Fin. Corp.

Ruling: 
Approved financial professional group not entitled to compensation in excess of court approved compensation.
Procedural posture: 
A corporate debtor filed a petition under chapter 11 of the Bankruptcy Code, and asked the court for approval to hire a financial group to help liquidate the debtor's bankruptcy estate. The court approved the debtor's request and entered an order awarding the financial group compensation. The financial group filed a motion which asked the court to reconsider its award.
Issue: 
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Commercial case opionion summary, case decided on June 12,2008, LexisNexis #0808-003