Committee counsel Don Jeffrey Gelber asked the U.S. District Court for the NMI Bankruptcy Division yesterday to approve $64,642.71 (including Hawaii general excise tax) in compensation to his law firm, Gelber, Gelber & Ingersoll, plus reimbursement of $481.90 in expenses, for a total of $65,1245.61.
Gelber said the compensation covers the period from May 11, 2012, through June 27, 2012.
He is also seeking payments for services performed and costs advanced from June 28, 2012, until the date of the hearing on the application.
Because of the hardship to retirees and other Fund beneficiaries caused by the Fund’s insolvency, Gelber said that the law firm has agreed that it’s hourly rate for him as lead attorney would be reduced from $450 to $360 per hour.
By Ferdie de la Torre