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If the fee request is approved, Canadian music lovers will have a loophole.
The fee request shows the steady, consistent stream of work that the Madoff Ponzi scheme is generating for Baker Hostetler.
Mr. Picard's fee request must be approved by Judge Burton R. Lifland, the bankruptcy judge overseeing the Madoff case.
Edward Jellen, a bankruptcy judge in Oakland, Calif., disallowed half of a $1.35 million fee request in a bankruptcy case.
The Copyright Board, which plans to begin hearings on the fee request this fall, estimates that about $20.5 million (about 32 million Canadian dollars) will be collected this year under the current fee system.
"We opposed the fee request made by outside counsel as vigorously and as forcefully as we could," Mr. Stone said, adding that the agreement governing the arbitration barred an appeal of the results.
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Free, but a $5 materials fee requested.
He has approved all fee requests thus far.
Just as importantly, judges in America have an incentive to go easy on fee requests.
Second, Milberg Weiss' average fee requests (30.02 percent) were significantly higher than the fee requests of other plaintiffs' law firms (28.82 percent).
"There was a correlation with fee requests," Mr. Perino told DealBook in a telephone interview.
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