zulual, A&M aren't servicing empty entity...
...they are providing services to the WMI Liquidating Trust.
...the fees relate to claims defense and asset recoveries in support of the litigators.
...although expensive, and typical milking, it's CHEAPER than just PAYING THE CLAIMS or NOT PURSUING THE RECOVERIES AND TAX REFUNDS.
...want to just let the D&O recovery go?
...it generated $27M+- for the WMILT; kind of pays for about 13.5 years of services?
...how about the almost % of a billion in tax refunds; 20% allocated to WMILT?
...want to just let the ones received go and not pursue the rest?
...$600 per hour is fair and reasonable, I've seen such more than twice that in specific situations where there is specialty qualifications and reward potential.
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