Anthony Lin of the New York Law Journal reports that National Benevolent Association has filed a suit in bankruptcy court against Weil Gotshal & Manges LLP for a “disasterous” bankruptcy.

Said to be one of the largest non-profit Chapter 11 proceedings, it ended with a full recovery and interest for the creditors, a very unusual result.

The complaint says that even though the creditors were willing to reach an agreement which would have ruled out bankruptcy, Weil, Gotshal “took unreasonable negotiating positions, and made unreasonable demands of the creditors” ending any chance for pre-petition agreement.

The claimed motive for an unnecessary bankruptcy? Fees for the attorneys and professionals, in the vicinity of $ 34 million.