A number of people believe that the costs of corporate reorganizations are scandalously high. Last week they found a Federal judge who agreed with them. Passing on bills submitted in a Federal court in Wilmington, Del. in connection with the reorganization of National Department Stores, Judge John P. Nields slashed the claims of lawyers and trustees from $1,086,000 to $284,000. Said he: "It is apparent that the allowances claimed are excessive and in certain cases exorbitant."
National owns 18 department stores and specialty shops in big cities...
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