Bad news for the #bankruptcy bar in the #SCOTUS ruling in @BakerBotts v. ASARCO (a fee issue, Baker Botts lost): http://1.usa.gov/1ShNN3Y
@kirkcheney Interesting! So you think @BakerBotts should have won? I can see the policy reasons for the dissent but text seems straightfwd.
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@DavidLat I also admit, as a member of the bankruptcy bar, that I generally don't favor decisions that suck for the bankruptcy bar. -
@kirkcheney I wonder if any lobbying groups will press for a legislative fix to this.
End of conversation
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@DavidLat I like govt's argument that defending fees is necessary part of the svcs provided to estate & total comp should be "reasonable"Thanks. Twitter will use this to make your timeline better. UndoUndo
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