According to US Trustee Gerald McHale’s latest notice the following developments have taken place for the upcoming June 11, 2008 Fee Application hearing. This hearing is taking place to review the application for payment of fees by the many entities that are being utilized by the Okun victims in their fight to recover their stolen monies. The following is from McHale’s June 5th notice:
“PLEASE TAKE NOTICE that the Honorable Martin Glenn, United States Bankruptcy Judge, has authorized counsel and parties appearing in this case to attend and participate telephonically, via Courtcall, in the hearing to be held before the Court on June 11,2008 at 11 :00 a.m. (the “June 1 1 Hearing”) concerning the First Interim Fee Applications for Allowance of Compensation and Reimbursement of Expenses of (i) Gerard A. McHale, Jr., the Chapter 11Trustee.”
The first round of negotiations of fee applications begins as the monies being sought for victims again take a hit. It seems like everyone wants to get paid but the people most deserving are getting nothing and have lost the most.