This is not a normal practice. They evaded the court's control. This is an unusual way to pay and an unusual amount of money.
You can't say United is the biggest of all time, but it is certainly in the top 10. Probably the top five in terms of the fees.
New York has cut fees more than other districts. Not that fees are lower in New York, but they cut them more in New York.
It's like your little brother trying to get part of the pie. You want to keep him from cutting into the slice you want.
This seems reasonable in comparison to what has been done in other large public company cases.
The only thing I see there that is really questionable is the $12 million success fee. Success is almost assured.
What he has to do is keep his job until a year before plan confirmation, and it'll be almost impossible for him to fail at that.
It's a different cutting of the company's pie. It means that some creditors get more than they otherwise would, and other creditors will be getting less.
Firms decide what to bill, and no one is looking over their shoulders.