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MATTER OF CHICAGO, MILWAUKEE, ST. PAUL & PACIFIC R.

No. 86-3141.

841 F.2d 789 (1988)

In the Matter of CHICAGO, MILWAUKEE, ST. PAUL AND PACIFIC RAILROAD COMPANY, Debtor. Appeal of SHEARSON LEHMAN BROTHERS, INC.

United States Court of Appeals, Seventh Circuit.

Decided March 16, 1988.

Attorney(s) appearing for the Case

Keith F. Bode, Jenner & Block, Chicago, Ill., for appellant.

Phil C. Neal, Neal, Gerber & Eisenberg, Chicago, Ill., for appellee.

Before BAUER, Chief Judge, and CUDAHY and POSNER, Circuit Judges.

CUDAHY, Circuit Judge.

This is an appeal by Shearson Lehman Brothers, Inc. ("Shearson"), an investment banker, from the denial of an application for additional compensation by the district court sitting in reorganization proceedings. We reverse with respect to the denial of all additional compensation. We conclude that additional compensation may be awarded to the extent of the $1,000,000 earlier agreed upon by Shearson and the trustee in bankruptcy. In this connection...

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