A group of loan creditors to Rhodium Encore LLC objected to Quinn Emanuel Urquhart & Sullivan LLP’s request for $4 million in fees for representing the bankrupt Bitcoin miner, arguing the charges are excessive and duplicative of other firms’ legal work.
Creditors led by Transcend Partners Legend Fund LLC raised the issue over Quinn Emanuel’s interim fee request while attacking the law firm’s overarching $12 million Chapter 11 legal bill and Rhodium’s proposal to cover the fees and expenses incurred by another creditor group as part of a recently unveiled liquidation plan.
Notwithstanding the the “substantial amount of fees” ...