Let's not forget that lawyers get paid by the hour and in this case we are talking about $1,000 - 1,200 for the partner, $600 - 800 for lead litigator, $400 - 600 for the lawyer that carries his attache case and $150 - 250 for the paralegal that types the letter. And writting letters like those that are raining on the DE Court is not a question of an hour or two; it is more like 3-4 hours and five versions before you get to the perfect letter. Nothing else would suffice, of course.

And when your client has somebody else's money (i.e., free money) to spend, money is no object. Mind you, in KRY's case the legal and professional fees being paid, even those incurred by Tenor and the Noteholders are coming out of the money that KRY, Tenor and the CCAA court gratiously allocated  to the shareholders. As are the bankruptcy costs (the CCAA and Chapter 15 Courts and the Monitor's fees) and the arbitration expenses (including the $30 million paid to the "Venezuelan Advisors"). We are talking at least $150 million, which translates to $0.40 per each of the shares owned by the shareholders. 

Unfortunately, we have yet to fight back to stop the shareholders' NAP share hemorrage.