On June 11, 2014, an objection to the application for final approval of professional compensation was filed in the bankruptcy case of AgFeed USA, LLC (a/k/a M2P2, LLC) and its affiliates.
The filing was assigned docket number 1139 and is described on the court’s official docket as follows:
Objection to Professional Fees // Motion–Objecting to Liquidation Plan; Objecting to Payments to Attorneys & FTI Consulting Claims; Objecting to NERA Fee Application; Attorney and Related Fees are at 28% of Net Assets; Fees should be at 3% – 4% Demand Accountability of Attorney Fees by the Court w/Certifiate of Service Filed by James Regnante (related document(s), , , , , , , , , ). (MAS)
AgFeed USA, LLC (a/k/a M2P2, LLC) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on July 15, 2013. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 13-11761. The bankruptcy case is currently assigned to United States Bankruptcy Judge Brendan Linehan Shannon. The law firm of Young Conaway Stargatt & Taylor, LLP is acting as lead bankruptcy counsel to AgFeed USA, LLC (a/k/a M2P2, LLC) in the bankruptcy case.