The judge overseeing Energy Future Holdings’s massive bankruptcy appointed a committee to review the fees of lawyers and other professionals in the case, Reuters reported on Friday. Godfrey & Kahn, which advised a fee committee in the bankruptcy of Lehman Brothers, will advise a similar four-member committee in Energy Future's case, according to an order signed by Hon. Christopher Sontchi on Thursday. Energy Future, the former TXU Corp., declared bankruptcy in April to restructure more than $40 billion in debt, making it among the largest-ever chapter 11 cases. The army of financial advisers and high-priced, specialized restructuring lawyers will make the case an expensive one. Energy Future's estate will also be responsible for the fees of its official creditors' committee, and potentially other creditor factions. Energy Future's committee will include four members: one each chosen by the company, its creditors' committee and the U.S. Trustee, and one independent member.
