Attorneys unlikely to share pain in GM bankruptcy


By Tom Hals NEW YORK, April 28 (Reuters) - A General Motors bankruptcy promises plenty of pain for bondholders, workers, dealers and shareholders, but lawyers are likely to reap $1 billion in fees, charging Uncle Sam as much as $1,000 an hour. Unlike most court cases, legal fees in bankruptcies must be disclosed and approved by a judge because the money is paid from the estate of the company that filed for Chapter 11. Creditors can challenge the fees, which eat into what they hope to ...

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