Did Texas probate judge approve too much compensation?
According to Rick Casey, Judge Wood slapped again, Houston Chronicle, June 5, 2008,
[A] Houston appeals court ruled that probate Judge Mike Wood improperly awarded what may turn out to be more than $2 million in fees to a trustee and his lawyers over the objections of a wealthy father who set up three trusts for his sons.
The trustee, lawyer Mark Riley, had sued the father, Robert Alpert, accusing him of stock dealings that cost the trust money.
The appeals court decision may be most painful for the prominent law firm of Crain Caton & James, which represented Riley in the suit and may have to pay back more than $1 million in fees that Wood authorized.
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