OPINION
Dear friends,
Folks, yet another Skadden Arps fees article came to my attention. Overbilling was an issue in the TransPerfect case where Skadden actually billed for preparing bills?! Chancellor Andre Bouchard’s former employer Skadden was the beneficiary in the TransPerfect case in Delaware as a federal judge ruled that there were “$44 Million in undocumented fees” in that case.
Please read the story below and you’ll see that yet again Skadden agreed to a fee adjustment. How are they able to get away with this sort of thing again and again, folks?! Our elected officials or perhaps the Delaware Bar Association should look into this? As in the case below, TransPerfect was able to recoup a percentage (15% in their case) of fees.
Let’s lead the way to make change! Please read the article below – which although subtle – furthers the picture as I see it, folks. Please send me your feedback, which is much appreciated.
Respectfully yours,
JUDSON Bennett-Coastal Network
Skadden, Wilmer and Dechert Agree to Give Up $1M in Fees Under DOJ Settlement
The firms said they have “agreed to resolve the matter in the interest of expediency.”
By Andrew Maloney | April 29, 2021 at 01:39 PM
U.S. Department of Justice building in Washington, D.C. June 6, 2020. Photo: Diego M. Radzinschi/ALM
Three Am Law 100 firms have agreed to settle with federal authorities over disclosure concerns in their representation of OxyContin producer Purdue Pharma.
Skadden, Arps, Slate, Meagher & Flom; Wilmer Cutler Pickering Hale and Dorr; and Dechert have agreed to relinquish collectively $1 million in fees earned in bankruptcy cases on behalf of Purdue. The Justice Department’s U.S. Trustee Program stated they failed to disclose relevant ties to the Sackler family, which founded and owns the company.