As investors in Refco wait and wait to see whether they will recover their money, the court-appointed trustee is fuming over the fees lawyers and others on the case are racking up. The acting trustee, Diana Adams, has asked U.S. Bankruptcy Judge Robert Drain to hold back 20% of the $33 million in fees sought by various professionals hired in the failed broker’s Chapter 11 case. According to Dow Jones Newswires, Adams said some of the work was “duplicative, unnecessary and unexplained,” as the total asked is nearly twice what one bankruptcy law professor, Lynn LoPucki of University of California, Los Angeles School of Law, says it should be – $18 million. Adams cited, for example, FTI Consulting, which billed the Refco estate for more than $1.3 million, including an unexplained $120,000 charge. David Remnitz of FTI explained to DJN that the extra expense was for specialized software needed to access information on Refco’s computers. Adams also asked the court to deny some of the $5.4 million requested by the law from Milbank, Tweed, Hadley & McCloy, since some of its work duplicated that of another law firm involved in the matter, Skadden, Arps, Slate Meagher & Flom.