U.S. Trustee Objects to Fees in NYRA Case
U.S. Trustee Diana G. Adams objected to fee applications totaling nearly $2.7 million in the chapter 11 proceedings of The New York Racing Association Inc., Bankruptcy Law360 reported yesterday. The applications Adams reviewed come from seven parties who want $2,690,228.75 in fees and $96,745.77 to cover expenses, and cover a time period stretching from Feb. 1 through the end of July. Adams also asked the court to hold back 20 percent of the requested fees pending the resolution of NYRA’s bankruptcy. The trustee’s objection notes that a restructuring plan and disclosure statement have not yet been filed in the NYRA case as the debtors have until Nov. 15 to file.

