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BRIEFLY

October 14, 1987

The lawyers handling the Texaco bankruptcy case will continue to be paid at 75% of their fees since U.S. District Court Judge Howard Schwartzberg reserved decision on whether to hike payment to 90%. Attorneys representing two separate creditors committees in Texaco's Chapter 11 case argued that payment should be increased to 90% of the fees because Texaco was a solvent company. Legal fees for attorneys since Texaco filed for protection from creditors under Chapter 11 of the federal bankruptcy code last April has topped $6.2 million for 11 law firms.

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