Odaily Planet Daily News: As bankruptcy costs continue to rise, FTX lawyers and consultants have approved more than $500 million in fees from the bankruptcy estate. It is reported that the agency responsible for overseeing the bankruptcy process has requested more than $700 million in fees and expenses, although many requests have been cut by 20% and some requests have not yet been approved. According to court documents, Sullivan and Cromwell, special counsel in the FTX bankruptcy case, topped the list with approved fees of $254 million (although its bill was $360 million), followed by financial advisory firm Alvarez and Marsel, with approved fees of $133 million. Other law firms and consultants include legal investigation consultant AlixPartners, special counsel Quinn Emanuel Urquhart & Sullivan, investment banker Perella Weinberg Partners and joint counsel Landis Rath & Cobb, who collected a total of $57 million in fees. (Theblock)
