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IN RE ASARCO, L.L.C.

No. 11-41010.

702 F.3d 250 (2012)

In the Matter of ASARCO, L.L.C., Debtors. ASARCO, L.L.C.; ASARCO Incorporated; Americas Mining Corporation, Appellants Cross-Appellees, v. Barclays Capital, Incorporated, Appellee Cross-Appellant.

United States Court of Appeals, Fifth Circuit.

December 11, 2012.

Attorney(s) appearing for the Case

Maurice L. Brimmage, Jr. (argued), Akin, Gump, Strauss, Hauer & Feld, L.L.P., Lacy M. Lawrence , Benjamin Lee Mesches , Haynes & Boone, L.L.P., Dallas, TX, Charles A. Beckham, Jr. , Haynes & Boone, L.L.P., Houston, TX, for Appellants Cross-Appellees.

Kevin James Terrazas , Scott A. Keller (argued), Yetter Coleman, L.L.P., Austin, TX, Janet Muriel Weiss , Gibson, Dunn & Crutcher, L.L.P., New York City, for Appellee Cross-Appellant.

Before WIENER, ELROD, and SOUTHWICK, Circuit Judges.

JENNIFER WALKER ELROD, Circuit Judge:

In this fee dispute, we are asked to determine whether the bankruptcy court erred in: (1) awarding a $975,000 fee enhancement to Barclays Capital, Inc. ("Barclays") pursuant to 11 U.S.C. § 328(a); and (2) denying Barclays's request for a $2 million "success fee" based on the successful outcome of ASARCO, L.L.C.'s Chapter 11 bankruptcy proceeding. For the following reasons, we REVERSE the $975,000 fee enhancement and REMAND...

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