Fri October 26, 2012
Top Morning News 10.26.12
A US Trustee says attorney fees in Hawker Beechcraft's bankruptcy proceedings are excessive; Early voting has begun in Sedgwick County, but turnout for early voting is not expected to be as high as 2008.
Trustee: Hawker Beechcraft Attorney Fees Excessive
The Justice Department's watchdog agency is objecting to more than $12 million in fees racked up during the first three months of Hawker Beechcraft's bankruptcy proceedings.
In a filing Thursday, U.S. Trustee Tracy Hope Davis particularly chided the company for fees lawyers billed for the company's failed attempt to pay its eight senior executives millions in bonuses. The government called the fees excessive and unreasonable. And the trustee noted the lawyers spent more time working on the bonus plan than other projects.
More than $12.2 million in compensation and $642,000 in expenses were billed between May and July.
The trustee is asking the court not to grant any fees sought in connection with the executive bonus plan.
Hawker Beechcraft had no immediate comment.
Coyler Touts KanCare, Offers No New Details
Kansas Lieutenant Governor Jeff Colyer was the featured speaker Thursday at a forum in Overland Park, aimed at building support for the administration's effort to remake the Kansas Medicaid program.
Early Voting In Sedgwick County Down From 2008
Some voters in Sedgwick County are taking advantage of casting their ballots early during this election cycle but so far, not as many advance voters in person as in 2008.
Drought Holds Its Grip As Farmers Pivot To Wheat
The worst U.S. drought in decades is showing little signs of easing as farmers close out their corn harvests and pivot toward growing winter wheat that's now struggling in the dry conditions.
The weekly U.S. Drought Monitor update released Thursday shows that more than roughly 62 percent of the land in the lower 48 states is experiencing some degree of drought.
Wheat planting already is 91 percent done in Kansas, the nation's top producer of the grain.