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Wills, Trusts & Estates Keyed to Sterk
Estate of Stevenson
Citation:
141 Cal.App.4th 1074 (2006)Facts
Dan Stevenson died in 2001, and Kenneth Petrulis was appointed administrator of his estate in 2002. Petrulis sought to recover life insurance proceeds and usurious interest from lenders who had defrauded other creditors. He filed petitions to challenge the lenders’ claims, including seeking recovery of fraudulently transferred property. In August 2002, Petrulis sought court approval for agreements regarding attorney fees, including a Lodestar Fee Agreement that provided for a 200% multiplier for Goodson & Wachtel’s work. The court approved the agreements and sealed the petition. Later, Petrulis negotiated reduced claims with lenders and sought approval for attorney fees in 2003.
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