Fifth Circuit to Reconsider En Banc (and Likely Eliminate) the Pro-Snax Standard for Evaluating Attorney’s Fees Applications in Bankruptcy Cases
By Razvan Ungureanu on November 07, 2014
The Fifth Circuit today granted rehearing en banc in In re Woerner. The main issue in the case is the proper standard to be applied when evaluating attorney’s fees applications for attorneys assisting debtors-in-possession in Chapter 11 bankruptcy proceedings. Though the en banc decision is unlikely to change the outcome in In re Woerner --- the Fifth Circuit stated it would have affirmed regardless of the applicable standard --- the decision will likely have substantial consequences in the Fifth Circuit.