According to the U.S. Bankruptcy Court docket, the Court approved the joint motion of Walter Energy and bankruptcy administrator J. Thomas Corbett for an order appointing Direct Fee Review as independent fee examiner.
As previously reported, “The Movants respectfully request that the Court authorize the appointment of the Fee Examiner to audit the Professionals’ fee applications. These Chapter 11 Cases are large and complex, with two statutory committees, and require the retention of numerous Professionals. As of the date hereof, the Court has approved the retention of at least twelve Professionals already. As a result, a significant number of fee applications will be filed and will require review on a monthly, quarterly and final basis. Appointment of an experienced and objective Fee Examiner will ensure uniformity and efficiency of review, and will assist the Bankruptcy Administrator and this Court with the compensation approval process.”
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