Skift Take
In any large bankruptcy proceeding, there is a windfall to be made by lawyers, accountants, and consultants. The AMR bankruptcy case is obviously no exception.
American Airlnes may be notifying thousands of its employees about pending layoffs, and wrangling unilateral contract concessions from its pilots, but lawyers and consultants working on parent company AMR Corp.'s bankruptcy proceeding are doing just fine.
In the latest payout for professional services, endorsed September 21, the bankruptcy court ordered AMR Corp. to shell out $40.1 million in fees and expenses for the billing period November 29, 2011, through March 31, 2012, to 19 professional services firms.
The ranks of the top 10 earne
