It’s out of the lender lion’s den and into the legal shark tank for once-proud and now-bankrupt Sears, which has to swallow an opening bite of $5 million in charges from its white-shoe law firm.
Sears may be scrambling for cash, but its lawyers are making a mint.
The bankrupt retailer’s white-shoe law firm, Weil Gotshal & Manges, on Friday submitted its first bill in the Chapter 11 case: a whopping $5 million for 17 days of work. -- More....
