Four Big Law firms representing failed cryptocurrency exchange BlockFi Inc. in its Chapter 11 case are poised to earn $40 million in fees after securing a plan to liquidate the business.
BlockFi, which blew up in the wake of the FTX implosion last year, will pay the biggest bill to Kirkland & Ellis, which has requested a final fee of more than $16 million for its work on the case.
Haynes Boone, which also represented BlockFi since its November 2022 Chapter 11 filing, has requested more than $12.5 million in fees, according to a filing Friday.
Brown Rudnick, another law ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.