On Jan. 25 U.S. Bankruptcy Judge D. Michael Lynn issued a stipulation and agreed order granting $4.471 million of the fees and expenses that Weil, Gotshal & Manges had sought for its work representing the Texas Rangers Baseball Partners (TRBP). Weil Gotshal represented TRBP, the former owner of the Arlington-based baseball team, in a bankruptcy case filed in May 2010. Weil Gotshal had sought $5.47 million in an Oct. 12, 2010, fee application with the U.S. Bankruptcy Court for the Northern District of Texas in Fort Worth. The firm noted in that fee application, which covered work it did from May 24, 2010, though Aug. 12, 2010, that it played a "significant and an important role in the sale process" and in TRBP's "expeditious emergence from chapter 11." But on Nov. 15, 2010, lenders' representative GPS Finance and the Office of the U.S. Trustee filed objections to Weil, Gotshal's fee application in In Re: Texas Rangers Baseball Partners. All those parties and Weil Gotshal signed Lynn’s order on Jan. 25. Martin Sosland, a partner in Weil Gotshal’s Dallas office who represents TRBP, did not immediately return a call seeking comment, nor did Holland O’Neil, a partner in Dallas’ Gardere Wynne Sewell, who represents GPS, or Lisa Lambert, lead trial counsel for the Office of the U.S. Trustee.
-- Miriam Rozen