New York (Aug. 19, 2004) -- Deloitte & Touche, Deloitte Consulting and KPMG are seeking combined fees of nearly $350 million for their respective work on the WorldCom bankruptcy, according to court documents.
All together, the consultants, lawyers and other advisers who helped WorldCom, now doing business as MCI, emerge from bankruptcy on April 19, are seeking $613 million in fees and expenses -- the most ever in a bankruptcy case, according to published reports.
According to bankruptcy court filings, KPMG, which served as MCI's tax adviser and its auditor, replacing Arthur Andersen, is asking for $172.84 million in compensation and reimbursement of fees and expenses. Deloitte & Touche is seeking $141.56 million, while its consulting unit, Deloitte Consulting, has requested $32.41 million for work on MCI's multi-year accounting restatement.
The claims are subject to the approval of bankruptcy court Judge Arthur Gonzalez.
-- Melissa Klein Aguilar
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