Law firm sues bankrupt crypto company's committee over fees

A special board committee, overseeing a bankrupt company's reorganization, orchestrated a "scorched-earth" effort to delay an $11M legal fee, going so far as to publicly accuse its former counsel of malpractice and breach of duties—claims the law firm calls "baseless" and cost them $1.5M to defend, despite a judge approving the fee. Is this the standard of conduct we expect from committees in bankruptcy?
This summary was generated by AI