Magnetation LLC Bankruptcy New Filing Alert: Application For Interim Approval Of Professional Compensation

On October 20, 2015, an application for interim approval of professional compensation was filed in the bankruptcy case of Magnetation LLC and its affiliates.

The filing was assigned docket number 405 and is described on the court’s official docket as follows:

Application for compensation for Davis Polk & Wardwell LLP, Debtor’s Attorney. Period: 7/1/2015 to 9/30/2015, Fee: $1,730,556.50, Expenses: $31,306.73. Proposed order. Hearing scheduled 11/10/2015 at 01:00 PM at Courtroom 2A, 2nd floor, 316 North Robert Street, St. Paul, Judge Gregory F. Kishel. (McGreal, Michelle) (Entered: 10/20/2015)

Magnetation LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 5, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Minnesota. The case number for the lead bankruptcy case is 15-50307. The bankruptcy case is currently assigned to United States Bankruptcy Judge Gregory Kishel. The law firm of Davis Polk & Wardwell LLP is acting as lead bankruptcy counsel to Magnetation LLC in the bankruptcy case.


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