N.J.Litigation
Gibson Dunn received $7.1 million in LIV Golf fees before bankruptcy, report says
LIV Golf paid Gibson Dunn more than $7.1 million for work in the 90 days before its bankruptcy filing, Bloomberg Law reported, citing court records. The report said the firm agreed to a 20% discount after beginning its restructuring engagement in April and is acting as co-counsel with Cole Schotz.
Key points
- Bloomberg Law reported Gibson Dunn lawyer rates of $995 to $3,240 per hour.Bloomberg Law
- Cole Schotz disclosed roughly $360,700 in payments since its late-July engagement and a retainer of nearly $518,000, according to the report.Bloomberg Law
- Bloomberg Law said nine other advisers, including Cleary Gottlieb, collectively capped their fees at $1.8 million.Bloomberg Law
- The report said Gibson Dunn did not respond to a request for comment on its fees.Bloomberg Law