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IN RE DREXEL BURNHAM LAMBERT GROUP, INC.

Bankruptcy Nos. C10 6954 (MP), 90 B 10421 (FGC) and 91 B 10321 (FGC).

133 B.R. 13 (1991)

In re DREXEL BURNHAM LAMBERT GROUP, INC., et al., Debtors. In re DREXEL BURNHAM LAMBERT REALTY, INC., Debtor.

United States Bankruptcy Court, S.D. New York.

October 25, 1991.

Attorney(s) appearing for the Case

D. Bernstein, O. Lewis, Esq., Davis Polk & Wardell, New York City, for the Official Committee of Unsecured Creditors of Drexel Burnham Lambert Trading Corp.

H. Jones, New York City, U.S. Trustee.

M. Kirschner, Jones, Day, Reavis & Pogue, New York City, for the Official Committee of Unsecured Creditors of Drexel Burnham Lambert Group, Inc.

A. Miller, D. Deitsch-Perrez, Weil, Gotshal & Manges, E. Wallach, P. Merolla, Gen. Counsel, New York City, for Drexel Burnham Lambert Group, Inc.

C. Montgomery, Milgrim, Thomajan & Lee, New York City, for the Official Committee of Equity Security Holders.

M. Zelmanovitz, Esq., Zalkin, Rodin & Goodman, New York City, for the Official Committee of Unsecured Creditors of Drexel Burnham Lambert, Inc.

MEMORANDUM OF DECISION ON REASONABLENESS OF PROFESSIONAL FEES

FRANCIS G. CONRAD, Bankruptcy Judge.

This matter1 is before us by result of our May 23, 1991 bench order directing certain professionals (Attorneys, Accountants, Investment Bankers/Advisors) to submit proprietary data, under seal, on how their firms calculate rates and disbursements charged to the Drexel Burnham Lambert Group, Inc. (DBL) bankruptcy estate. An evidentiary...

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