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SMA Bankruptcy Trustee Charging For Return Of Memorabilia
Published April 23, 2009
STEEP PRICE TO PAY: In N.Y., Richard Sandomir notes Babitt "has asked a federal bankruptcy court judge to charge fees to those who provided [SmA] with artifacts that start at $250 per item and rise to $2,500 for more than 20 pieces, plus $750 for every 10 items above 20." Babitt's lawyer, Schuyler Carroll, said that the fees "apply to the artifacts' owners who go through the trustee; others can consult their own lawyers." Heisman Trophy Trust President William Dockery: "I don't know how he has the audacity to demand a fee so people can go down and get their own property. Why doesn't the trustee cut his fees?" Sandomir notes the deadline to "file objections to the fees" is tomorrow at 4:00pm ET and a hearing "will be held Wednesday before Judge Robert D. Drain of the Federal Bankruptcy Court in Manhattan" (NYTIMES.com, 4/22).