Partner Seth Lieberman, a member of Pryor Cashman’s Bankruptcy, Reorganization & Creditors’ Rights Group, spoke with Law360 for its story, “Lawyers React To Justices’ Ruling In Baker Botts Fees Case.”  The article features quotes from prominent bankruptcy attorneys on the U.S. Supreme Court’s decision on June 15, 2015 in Baker Botts LLP et al. v. Asarco LLC.  In that case, the Supreme Court ruled that bankruptcy attorneys cannot recover money spent on defending their fee requests from challenges.

 According to Lieberman:  "Today's decision will cause estate professionals to sound the alarm. On the one hand, some might be incentivized to threaten fee litigation, understanding that the estate cannot compensate for the time spent defending those fees. On the other hand, bankruptcy professionals are clever if nothing else, and this could motivate Congress to revisit the limitations of Section 330 if appropriate."

To read the full article, please click here.