Hawaiian Telcom’s Financial Advisors $2,527.38 Per Hour Work Draws Interest from Justice Department

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The Justice Department is questioning why Lazard Freres & Co. is being paid $2,527.38 per hour for its work in Hawaiian Telcom Communications Inc.’s bankruptcy case.

For 237.4 hours of work between April 1 and June 30, the investment bank submitted a bill for $600,000, an amount the U.S. Trustee says “far exceeds” rates charged by other professionals working on the phone company’s Chapter 11 case…

Full article here: Fees Draw U.S. Trustee’s Ire In Hawaiian Telcom

One Response

  1. […] Power Brokers Has Created A Growing Political Vacuum 20 10 2009 Hat tip to Damon Tucker for blogging about the Department of Justice’s interest in the excessive payments made by Hawaiian Telcom […]

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