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(EST) MORRISON & FOERSTER LLP 1290 Avenue of the Americas New York, New York 10104 Telephone: (212) 468-8000 Facsimile: (212) 468-7900 Brett H. Miller Lorenzo Marinuzzi Jordan A. Wishnew
Attorneys for the Official Committee of Unsecured Creditors ofInnkeepers USA Trust, et al.
UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re Innkeepers USA Trust, et al., Debtors.
) ) ) )
)
_____________________________ )
MONTHLY APPLICATION OF MORRISON & FOERSTER LLP FOR COMPENSATION FOR SERVICES AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS FOR THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS FOR THE PERIOD FROM FEBRUARY 1, 2011 THROUGH FEBRUARY 28, 2011
Morrison & Foerster LLP The Official Committee of Unsecured Creditors oflnnkeepers USA Trust, et al. Order entered on September I, 20 I 0 retaining Morrison & Foerster LLP, nunc pro tunc to July 28,2010 February 1, 2011 through February 28,2011
Date of Retention:
Period for which compensation and reimbursement is sought: Amount of Compensation sought as actual and necessary: Amount of Expense Reimbursement sought as actual and necessary:
$239,991.50
$10,532.85
ny-969243
This is Morrison & Foerster's seventh monthly application for compensation (the "Application") filed pursuant to the Order Authorizing the Establishment ofProcedures for
Interim Compensation and Reimbursement of Expenses for Professionals and Official Committee Members [Docket No. 189] (the "Interim Compensation Order"). Morrison & Foerster requests:
(a) payment of compensation in the amount of$191,993.20 (which is 80% of$239,991.50) on account of actual and necessary professional services rendered to the Official Committee of Unsecured Creditors to the above-captioned debtors (the "Committee") by Morrison & Foerster; and (b) reimbursement of actual and necessary costs and expenses in the amount of$10,532.85 incurred by Morrison & Foerster during the period from February l, 2011 through February 28, 2011 (the "Fee Period"). The Morrison & Foerster attorneys and paraprofessionals who rendered services in the above-captioned chapter II cases (the "Chapter ll Cases") during the Fee Period are:
Lorenzo Marinuzzi
Department: Licensure:
$795
56.1
$44,599.50
10.2 7.1
$3,876.00 00
JordanA. Licensure:
$660
36.9
$24,354.00
ny-969243
383.2
$239,991.50
Compensation by Matter
383.2
ny-969243
$8,197.65 $211.66
$10,532.85
Notice Morrison & Foerster provided notice of this Application to: (a) the Debtors; (b) counsel to the Debtors; (c) the Office of the United States Trustee for the Southern District of New York; (d) counsel to Midland Loan Services, a division ofPNC Bank, N.A.; and (e) counsel to Certain Prepetition Lenders (each as defined in the Interim Compensation Order). In light of the nature of the relief requested, Morrison & Foerster respectfully submits that no further notice is necessary. WHEREFORE, pursuant to the Interim Compensation Order, Morrison & Foerster requests: (a) payment of compensation in the amount of$191,993.20 (which is 80% of $239,991.50) in fees on account of actual and necessary professional services rendered to the Committee by Morrison & Foerster; and (b) reimbursement of actual and necessary costs and expenses in the amount of$10,532.85. Dated: April 6, 20 II New York, New York
Is/ Lorenzo Marinuzzi Brett Miller Lorenzo Marinuzzi Jordan A. Wishnew MORRISON & FOERSTER LLP 1290 Avenue of the Americas New York, New York 10104 Telephone: (212) 468-8000 Facsimile: (212) 468-7900 Attorneys/or the Official Committee of Unsecured Creditors ofInnkeepers USA Trust, et al.
ny-969243
MORRISON
FOERSTER
FILE NO. 72497 P.O. BOX 60000 SAN FRANCISCO CALIFORNIA 94160-2497 TELEPHONE: 415.268.7000
DENVER, NORTHERN VIRGINIA, SACRAMENTO, WALNUT CREEK, TOKYO, LONDON, BEIJING, SHANGHAI, HONG KONG, BRUSSELS
FACSIMILE: 415.268.7522
WWW.MOFO.COM
Innkeepers USA Trust 340 Royal Poinciana Way Suite 306 Palm Beach, FL 33480 Attention: Mark Murphy
Invoice Numbe~
Taxpayer ID ~
Mark Murphy
RESTRUCTURING
For Professional Services Rendered and Disbursements Incurred through February 28, 2011
MORRISON
066923-0000001 RESTRUCfURING
FOERSTER
Invoice Number: 5018802 Invoice Date: March 31, 20 II
Time Detail
Date ASSET DISPOSITION/SALES 28-Feb-2011 Review correspondence from interested portfolio bidder (.2); correspondence to/from Z. Jamal regarding same (.2). ASSET DISPOSITION/SALES Marinuzzi, Lorenzo 0.40 318.00 Services Timekeeper Hours Value
Total: 002
0.40
318.00
BUSINESS OPERATIONS AND ADVICE 03-Feb-2011 04-Feb-2011 07-Feb-2011 Correspondence to/from S. Jones (WFG) regarding AlixPartners invoices and internal analysis. Further correspondence with S. Jones (WFG) regarding analysis of AlixPartners expenses. Telephone call with S. Jones (WFG) regarding audit of AiixPartners expense materials in response to anonymous objection. Review scope ofD&O insurance (1.3); review Debtors' schedules and SOFAs regarding scope and nature of prepetition related party transfers (1.4). Review data room and current status ofD&O policies. BUSINESS OPERATIONS AND ADVICE Marinuzzi, Lorenzo Marinuzzi, Lorenzo Marinuzzi, Lorenzo 0.40 0.20 0.50 318.00 159.00 397.50
28-Feb-2011
Richards, Erica J.
2.70
1,485.00
Wishnew, Jordan A.
1.20
5.00
792.00
3,151.50
CASE ADMINISTRATION 01-Feb-2011 02-Feb-2011 03-Feb-2011 04-Feb-2011 07-Feb-2011 08-Feb-2011 09-Feb-2011 10-Feb-2011 11-Feb-2011 14-Feb-2011 15-Feb-2011 16-Feb-2011 17-Feb-2011 18-Feb-2011 22-Feb-2011 Review docket for new filings related to case. Review docket for new filings related to case.
Review docket for new filings related to case. Review docket for new filings related to case. Review docket for new filings related to case. Guido, Laura Guido, Laura
0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.30
52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 52.00 78.00
Guido, Laura
Guido, Laura Guido, Laura Guido, Laura Guido, Laura Guido, Laura Guido, Laura Guido, Laura
MORRISON 066923-0000001 RESTRUCTURING Date 23-Feb-2011 24-Feb-2011 28-Feb-2011 28-Feb-2011 Total: 004
Hours
0.20 0.40 0.20 0.30 4.20
Guido, Laura
Review docket for new filings related to case (.2); update Guido, Laura case files (.2).
Guido, Laura
Wishnew, Jordan A.
CLAIMS ADMINISTRATION AND OBJECTIONS 08-Feb-20 II 09-Feb-2011 09-Feb-2011 11-Feb-2011 11-Feb-2011 16-Feb-2011 22-Feb-2011 23-Feb-2011 23-Feb-20 11 Total: 005
Review updated AlixPartners claims analysis and discuss Wishnew, Jordan A. same with Jefferies. Review updated claims analysis for AlixPartners. Prepare internal claims summary.
Review claim schedule prepared by AlixPartners on a debtor-by-debtor basis.
0.40 0.50 0.20 0.30 0.20 0.30 2.90 2.20 0.60 7.60
264.00 397.50 132.00 238.50 132.00 198.00 2,276.50 1,727.00 477.00 5,842.50
Marinuzzi, Lorenzo
Wishnew, Jordan A.
Marinuzzi, Lorenzo
Wishnew, Jordan A.
Review updated claims analysis from AlixPartners. Review updated claims analysis from AlixPartners.
Review Jefferies claim analysis.
Wishnew, Jordan A.
Engelhardt, Stefan W. Engelhardt, Stefan W.
Marinuzzi, Lorenzo
Review January time records for compliance with compensation guidelines. Prepare, file and coordinate service ofMoFo's second supplemental retention affidavit (.5); final review of January time records for complaince with compensation guidelines (2.0).
Guido, Laura
Guido, Laura
2.50 2.50
650.00 650.00
11-Feb-2011
Finalize supplemental affidavit regarding MoFo retention Malison, Stacy L. with respect to 2QJ_ 1 fee increases and prepare same for filing (.6); research response deadline with respect to objections to first interim fee applications (.4). Review and compile January fee statement, including attention to UST and SDNY guidelines. Draft notice and application for January fees.
Koshgerian, Stephen P. Koshgerian, Stephen P.
1.00
500.00
Review and compile fee statement (.5); continue drafting Koshgerian, Stephen P. January fee notice and application (.6). Review interim compensation order for confirmation of deadlines. Guido, Laura
Value 150.00
Review interim compensation order with respect to deadlines for interim fee applications (.2); email with P. Morrow (Jefferies) regarding same(.!).
Review January fee application for confidentiality and compliance with guidelines (2.1 ); review monthly fee applications ofK&E and Moelis (1.0).
Malison, Stacy L.
0.30
18-Feb-2011
Malison, Stacy L.
3.10
1,550.00
Wishnew, Jordan A.
Wishnew, Jordan A. Wishnew, Jordan A. Koshgerian, Stephen P. Koshgerian, Stephen P.
Review Midland's objections to MoPe's December and first interim fee applications.
Koshgerian, Stephen P.
0.20 0.80
76.00 636.00
Review Midland objections to MoFo fees (December and Marinuzzi, Lorenzo interim) (.6); correspondence to/from N. Cook (AlixPartners) regarding payment offees (.2). FEE/EMPLOYMENT OBJECTIONS
Total: 008 FINANCING 15-Feb-20 lJ 17-Feb-2011 23-Feb-2011 23-Feb-2011 27-Feb-2011 28-Feb-2011 Total: 009
1.00
712.00
Telephone call to LNR's counsel about extending challenge deadline. Follow up with CW counsel and prepare updated stipulation further extending challenge deadline.
Wishnew, Jordan A.
Wishnew, Jordan A.
Review and revise draft stipulation extending challenge period. Revise 4th challenge stipulation and circulate to counsel. Correspond with parties-in-interest about 4th stipulation. Finalize 4th consensual challenge stipulation.
FINANCING
Marinuzzi, Lorenzo
Wishnew, Jordan A. Wishnew, Jordan A.
Wishnew, Jordan A.
MEETINGS OF CREDITORS 02-Feb-2011 02-Feb-2011 Prepare for (.4) and lead Committee call to discuss status Marinuzzi, Lorenzo of discovery and plan process (.6). 1.00 0.60 795.00 300.00
Malison, Stacy L.
Services
Prepare for (.2) and participate on Committee call addressing status of discovery and plan (.6). Draft minutes of February 2 Committee call.
Timekeeper
Richards, Erica J. Richards, Erica J.
Hours
0.80 0.40 0.60 0.40 0.60
Review developments for upcoming Committee call on case status. Review agenda items and agenda for February 23 Committee call.
Draft, review and revise agenda for February 23
Wishnew, Jordan A.
Engelhardt, Stefan W.
Marinuzzi, Lorenzo
Malison, Stacy L.
Malison, Stacy L.
0.80 7.50
400.00 4,840.00
Engelhardt, Stefan W.
2.50
1,962.50
Galante, Paul A.
J.IO
726.00
correspondence with opposing counsel regarding meet and confer (.3); email correspondence with L. Ramos regarding Jefferies documents and meeting (.3).
01-Feb-2011 Telephone call with D. MacGreevey (Macquarie) regarding sale process (.5); review files regarding Midland and Debtor document productions (1.4); telephone call with L. Attanasio (Sidley) regarding discovery schedule (.4); review discovery schedule and coverage (.6); telephone call and correspondence with D. Donovan (K&E) regarding discovery and Committee testimony (.5); review protective order supplement (.4).
Marinuzzi, Lorenzo
3.80
3,021.00
01-Feb-2011
Draft responses to Midland's document requests in connection with bid procedures motion and review
pleadings related thereto (4.1 ); review same with S. Engelhardt and P. Galante (.2); review issues on
Ramos, Leah A.
5.20
3,328.00
MORRISON
066923-0000001 RESTRUCTURING Date 02-Feb-201 I
FOERSTER
Invoice Number: 5018802 Invoice Date: March 31,2011
Services Timekeeper
Hours
Value 1,256.00
Prepare for (.3) and meet with L. Marinuzzi and P. Galante to review matters regarding document production (.5); preparation for meeting and conference call with financial advisors (.5); telephone call with Jefferies regarding document production issues (.3).
Engelhardt, Stefan W.
1.60
02-Feb-2011
Research regarding documents in possession of financial advisor and discovery (1.0); discussion with L. Ramos regarding search terms for Jefferies production (.2); telephone call with Jefferies and internal team regarding same (.7); meeting with L. Marinuzzi and S. Engelhardt regarding document production (.5). Discuss with Jefferies and inhouse counsel production in response to Midland and Debtor document demands (.7); review files and correspondence for responsive documents (2.1); meeting with S. Engelhardt and P. Galante regarding document production (.5).
Prepare for (.4) and discussion with team and financial advisors on responding to Midland's document requests in connection with bid procedures motion (.7); discussions with P. Galante regarding Jefferies production review (.2).
Galante, Paul A.
2.40
1,584.00
02-Feb-20 II
Marinuzzi, Lorenzo
3.30
2,623.50
02-Feb-20 II
Ramos, Leab A.
1.30
832.00
Review discovery responses (.5); preparation for depositions (1.0). Review and edit responses to document request (.5); discussion with L. Ramos regarding same (.3).
Review revised protective order (.3); discussions with L. Marinuzzi, Lorenzo Attanasio (Sidley) regarding status of depositions and discovery ( .4); review and revise Committee response on Midland/Debtor discovery (.8). Revise objections and responses to Midland's request for documents in connection with bid procedures motion (1.2); discussion with P. Galante on production of documents in connection with same (.3). Review Committee agendas and minutes for materials responsive to Midland discovery requests. Review and revise discovery responses (.5); attention to document production matters (1.3); attention to deposition issues (.3).
Review and edit responses to document request (.3); discussion with L. Ramos regarding same (.2). Ramos, Leab A.
03-Feb-2011
1.50
960.00
03-Feb-2011 04-Feb-20 II
Richards, Erica J.
Engelhardt, Stefan W.
1.50 2.10
825.00 1,648.50
04-Feb-2011 04-Feb-2011
Galante, Paul A.
0.50 4.70
330.00 1,222.00
Review documents for production with L. Ramos and M. Guido, Laura Angulo (.2); prepare documents for production (.6); coordinate service of same (.4); review, revise and finalize documents for production (3.5).
MORRISON
066923-0000001 RESTRUCTURING Date 04-Feb-201J
FOERSTER
Invoice Number: 5018802 Invoice Date: March 31, 20 II
Services
Timekeeper
Hours
3,60
Value 2,862.00
Marinuzzi, Lorenzo
04-Feb-201J
Review documents in connection with Midland's document requests relating to bid procedures motion and
finalize for production (5,8); meet with L. Guido and M,
Ramos, Leah A.
6,20
3,968,00
Analyze and manipulate newly received data, create new Bergelson, Vadim Concordance databases, catalog and create search index regarding bid procedures motion.
2.50
625.00
06-Feb-2011 06-Feb-2011
Discussion with L. Ramos regarding Jefferies documents Galante, Paul A. and regarding deposition. Review of documents for production in response to Midland's document requests in connection with bid
procedures motion (2.7); discussion with P. Galante regarding deposition (.3), Ramos, Leah A,
0.30 3.00
198.00 1,920,00
07-Feb-2011
Bergelson, Vadim
3.50
875.00
into Bid Procedures database, update image base and search index.
07-Feb-2011 Review standing motion brief(.8); review proposed Engelhardt, Stefan W. 2.30 1,805.50
protective order (.2); review brief on motion for protective order (.9); review discovery issues (.2); attention to matters regarding document production (.2).
07-Feb-2011
Galante, Paul A.
lAO
924.00
07-Feb-2011
Meeting with P. Galante, L, Ramos, and E. Richards regarding document production guidelines (.3); review same (4.9),
Koshgerian, Stephen P,
5.20
1,976.00
MORRISON
066923-0000001 RESTRUCfURING Date 07-Feb-2011
FOERSTER
Invoice Number: 5018802 Invoice Date: March 31, 2011
Services
Timekeeper
Hours
Value 954.00
Review revised protective order and correspondence among counsel regarding dispute on sharing of deal materials (.6); review correspondence from J. Penn (Midland) on discovery conference on protective order (.2); correspondence to/from discovery proponents regarding scheduling of depositions (.4). Review document production guidelines with respect to Midland's document requests with P. Galante, E. Richards and S. Koshgerian (.3); review same (2.3).
Marinuzzi, Lorenzo
1.20
07-Feb-2011
Ramos, Leah A.
2.60
1,664.00
07-Feb-2011
Review Jefferies' production for documents responsive to Richards, Erica J. Midland's request for production (10.5); review document production guidelines with P. Galante, L. Ramos and S. Koshgerian (.3); discuss same with P. Galante (.3). Review Midland's protective order motion (.2); review objections to form of confidential stipulation (.2). Document production database, endorse images, apply redactions, generate load files, OCR redacted images, update production database. Review consolidated objections to protective order motion (.5); review standing motion reply brief(.4).
Analysis of documents received from Jefferies (6.0); discussion with L. Ramos regarding same including redaction of e-mail correspondence from Jefferies (.5). Wishnew, Jordan A.
11.10
6,105.00
07-Feb-2011 08-Feb-2011
0.40 2.00
264.00 500.00
Bergelson, Vadirn
08-Feb-20 II 08-Feb-2011
0.90 6.50
706.50 4,290.00
08-Feb-20 II
Review consolidated response to Midland motion for protective order (.7); review Five Mile joinder in Midland motion for protective order (.3); attend status conference on discovery (2.6); review documents produced by Jefferies for production to Midland and other parties (1.3); meeting with L. Nashelsky regarding discovery issues (.8). Review documents to be produced in response to Midland's request for documents in connection with bid procedures motion (3 .6); discussion with P. Galante on same (.5).
Review updated discovery schedule and Midland/Five Mile's protective order pleadings.
Marinuzzi, Lorenzo
5.70
4,531.50
08-Feb-2011
Ramos, Leah A.
4.10
2,624.00
08-Feb-20 11 09-Feb-2011
Wishuew, Jordan A.
0.60 3.30
396.00 825.00
Document production database, endorse images, apply Bergelson, Vadim redactions, generate load files, OCR redacted images, update production database and image base, create I label DVDs. Review correspondence (various) regarding deposition issues (.2); review bid procedures declaration (1.6); meeting with P. Galante, J. Wishnew and L. Ramos regarding depositions (.3).
Engelhardt, Stefan W.
09-Feb-2011
2.10
1,648.50
MORRISON
066923-0000001 RESTRUCTURING Date 09-Feb-2011
FOERSTER
Invoice Number: 5018802 Invoice Date: March 31,2011 Services Timekeeper Galante, Paul A.
Hours
Value I, 188.00
Meeting with S. Engelhardt, J. Wishnew and L. Ramos regarding depositions (.3); analysis of documents regarding production in response to Midland document request (1.2); discussion with L. Ramos regarding same (.3). Review revised deposition schedule and filing dates (.5); review supplemental Derrough declaration (.6); discussions with L. Nashelsky regarding discovery and production issues (.7).
1.80
09-Feb-2011
Marinuzzi, Lorenzo
1.80
1,431.00
09-Feb-2011
Meeting with S. Engelhardt, P. Galante and J. Wishnew Ramos, Leah A. on documents produced in connection with depositions (.3); review documents to be produced by Committee in response to bid procedures discovery requests and emails with counsel regarding same (3.9); discussion with P. Galante regarding response to Midland's document request (.3).
4.50
2,880.00
09-Feb-2011
Review parties' briefs concerning LNR Securities & Appaloosa standing as certificateholders (1.0); address deposition coverage with S. Engelhardt, P. Galante and L. Ramos (.3).
Document production database, create I label DVDs (1.5); load newly received production documents from Kirkland (1.0).
Wishnew, Jordan A.
1.30
858.00
10-Feb-2011
Bergelson, Vadirn
2.50
625.00
10-Feb-2011
Meeting with L. Ramos regarding depositions and regarding complaint (.3); review declarations ofR. Bojmel and W. Dorrough including attachments in preparation for depositions (.8).
Galante, Paul A.
1.10
726.00
10-Feb-2011
Review Bojmel declaration/exhibits (1.4); review Eichen Marinuzzi, Lorenzo declaration (.4); correspondence to/from Kasowitz regarding Committee production (.2); review documents produced by Debtors in response to plan process demands (1.2).
3.20
2,544.00
10-Feb-2011
Emails and correspondence with counsel transmitting Committee 1s production of documents in response to Midland's document requests (.5); emails with team regarding scheduling of depositions in connection with bid procedures discovery (.2); meeting with P. Galante regarding same (.3). Address bidding procedure objection issues (.2); review expert declarations related to bidding procedures motion (.6). Load newly received production documents into bid procedures database, update image base and search index. Review of correspondence and filings for focusing on deposition issues in upcoming depositions.
Ramos, Leah A.
1.00
640.00
10-Feb-2011
Wishnew, Jordan A.
0.80
528.00
11-Feb-2011
Bergelson, Vadim
2.50
625.00
11-Feb-2011
Engelhardt, Stefan W.
2.30
1,805.50
MORRISON
066923-000000 I RESTRUCTURING Date 11-Feb-2011
FOERSTER
Invoice Number: 5018802 Invoice Date: March 3I, 201 I
Services
Timekeeper
Galante, Paul A,
Hours
0.80
Value 528.00
11-Feb-2011
Marinuzzi, Lorenzo
2.00
1,590.00
Correspondence with counsel and team regarding scheduling of bid procedures depositions and production of documents. Continue reviewing financial advisor expert declarations
and review preliminary bidding procedures objection.
Ramos, Leab A.
1.50
960.00
11-Feb-2011 14-Feb-2011
0.90 0.60
594.00 471.00
Review order on motion for protective order (.2); attention to document issues pursuant to received
correspondence (.4).
14-Feb-2011
Emails with team and counsel for parties regarding deposition scheduling and coverage and document productions in connection with bid procedures motion.
Attend deposition ofW. Derrough (7.7); review updated
Ramos, Leab A.
0.40
256.00
14-Feb-2011
Wishnew, Jordan A.
7.90
5,214.00
Emails with team and counsel regarding Midland 1s motion for protective order and review of same (.7); discussions on deposition coverage and document productions in connection with bid procedures motion
(.7). Address bidding procedure discovery issues (.3); review 11 rough 11 Derrough transcript (.4).
Ramos, Leah A.
Review correspondence (various) regarding deposition and discovery issues. Analysis of deposition transcripts regarding upcoming
deposition (1.3); prepare for (1.0) and attend depositon ofM. Beilinson (7.5).
Attend deposition ofK. Semon (6.7); emails with team regarding deposition coverage (.2).
Ramos, Leab A.
Richards, Erica J.
Wishnew, Jordan A. Engelhardt, Stefan W.
10
MORRISON
066923-000000 I RESTRUCTURING Date 17-Feb-2011 17-Feb-2011 17-Feb-2011 18-Feb-2011
FOERSTER
Invoice Number: 5018802 Invoice Date: March 31, 20 II
Services
Prepare for (,4) and attend deposition ofB. Ambeisold (3.6).
Timekeeper
Galante, Paul A. Richards, Erica J. Wishnew, Jordan A. Engelhardt, Stefan W.
Hours
Research issues in connection with preparation of objection to bidding procedures motion. Review research related to bidding procedures objection.
Review of Semon deposition transcript (2.2); meeting with P. Galante and J. Wishnew regarding deposition (.5). Meeting with S. Engelhardt and J. Wishnew regarding depositions (.5); prepare for (.8) and attend (7.5) deposition ofL. Eichen. Review deposition coverage and scheduling (.2); emails with counsel regarding same and production of documents in connection with bid procedures motion (,4), Draft objection to bidding procedures (3.7); research discrete issues in connection with same (3.2).
18-Feb-2011
Galante, Paul A.
8.80
5,808.00
18-Feb-2011
Ramos, Leah A.
0.60
384.00
18-Feb-2011 18-Feb-2011
Richards, Erica J.
6.90 0.90
3,795.00 594.00
Review research concerning bidding procedures Wishnew, Jordan A. objection (,4); meeting with S. Engelhardt and P. Galante regarding depositions (.5). Analysis of deposition transcript regarding bid procedures objection. Draft objection to bid procedures motion.
Galante, Paul A. Richards, Erica J. Wishnew, Jordan A.
21-Feb-2011
Review and edit draft objection to bid procedures motion Galante, Paul A. (.8); e-mail correspondence with E. Richards regarding deposition (.3); review deposition testimony regarding objection (.8). Review and revise objection to bid procedures motion and add testimony from K. Semon (3.2); emails with team and counsel for debtors and Midland regarding deposition coverage and scheduling (.2). Draft objection to bid procedures motion. Review and revise bidding procedures objection.
Update Concordance database, update image base and create search index, bid procedures. Ramos, Leah A.
1.90
1,254.00
21-Feb-2011
3.40
2,176.00
Richards, Erica J.
Wishnew, Jordan A.
Bergelson, Vadim Engelhardt, Stefan W.
Preparation for and attendance at deposition ofR. Greenspan (6.4); review deposition issues with P. Galante (.5); review correspondence regarding discovery issues (.3).
11
MORRISON
066923-0000001 RESTRUCTURING Date 22-Feb-2011
FOERSTER
Invoice Number: 5018802 Invoice Date: March 31, 20 11
Services
Timekeeper
Galante, Paul A.
Hours
4.50
Value 2,970.00
22-Feb-2011 22-Feb-2011
Marinuzzi, Lorenzo
Ramos, Leah A.
7.20 2.50
5,724.00 1,600.00
Draft and revise objection to bidding procedures. Review and revise bidding procedures limited objection
(1.7); discuss bidding procedures overbid allocation and claims issues with J. D'Amico (Jefferies) (.6).
Richards, Erica J.
Wishnew, Jordan A.
5.80 2.30
3,190.00 1,518.00
23-Feb-20 II
Review deposition transcript regarding bid procedure motions (.8); conference with L. Ramos regarding
drafting correspondence and deposition scheduling (.3).
Galante, Paul A.
1.10
726.00
Marinuzzi, Lorenzo
Ramos, Leah A. Richards, Erica J.
Wishnew, Jordan A.
Galante, Paul A. Ramos, Leah A. Engelhardt, Stefan W.
preferred shareholders. Review, revise and edit of brief objecting to bidding procedures motion (.9); review documents to address
confidentiality concerns on filing (.2); review approval of motion to file under seal (.3). 25-Feb-2011 25-Feb-2011 Analysis of deposition transcripts regarding bid Galante, Paul A. 1.20 4.00 792.00 3,180.00
procedures motion.
Finalize Committee objection to bidding procedures (1.0) Marinuzzi, Lorenzo
Revise objection to bidding procedures. Review draft limited objection with L. Marinuzzi (.4); further revise and finalize and oversee service (2.2).
Richards, Erica J.
5.10 2.60
2,805.00 1,716.00
Wishnew, Jordan A.
12
MORRISON
066923-0000001 RESTRUCTURING Date
26-Feb-2011
FOERSTER
Invoice Number: 5018802 Invoice Date: March 31,2011 Services Timekeeper
Marinuzzi, Lorenzo Hours
Value 1,590.00
Review ad hoc equity committee objection to plan process (1.0); review Midland papers in opposition to plan process (1.0).
2.00
28-Feb-2011
Commence review and analysis of briefing and supporting documentation on positions in bidding procedures motion.
Engelhardt, Stefan W.
4.80
3,768.00
28-Feb-2011
Review LNR objection to bidding procedures (.8) review Marinuzzi, Lorenzo Appaloosa objection to bid procedures (1.0); review CW objection (.7). PLAN AND DISCLOSURE STATEMENT
2.50
1,987.50
Total: 011
302.60
190,283.00
RELIEF FROM STAY PROCEEDINGS 01-Feb-2011 Total: 012 Review B&B Parking relief from stay motion. RELIEF FROM STAY PROCEEDINGS
Wishnew, Jordan A.
0.20 0.20
132.00 132.00
COMMUNICATION WITH CREDITORS 01-Feb-2011 02-Feb-2011 08-Feb-2011 14-Feb-2011 25-Feb-2011 Total: 016 Correspondence with Committee regarding February 2 Committee call.
Correspondence with Committee regarding response to discovery requests.
Richards, Erica J.
Richards, Erica J.
Wishnew, Jordan A. Wishnew, Jordan A.
Prepare e-mail to Committee cancelling weekly meeting. E-mail with K. Venezie concerning canceling weekly meeting and advise Committee of same.
Telephone call with D. Newman (PDQ) regarding status of case, distributions. COMMUNICATION WITH CREDITORS
Marinuzzi, Lorenzo
Review Debtors' objection to certificate holders' standing Marinuzzi, Lorenzo request (.6); review Midland reply to standing motions (.7). Review documents produced by Apoiio for relevance to 2007 Transaction analysis. Analyze NSF file, outsource for processing, communicate with vendor regarding formats and standards. Analysis of documents regarding complaint. Review-Jefferies 1 post-transaction solvency analysis. Review draft 2007 Transaction analysis from Jefferies for purposes of February 24 meeting. Review causes of action memorandum and address follow-up issues.
Ramos, Leah A. Bergelson, Vadim
1.30
1,033.50
02-Feb-2011 04-Feb-2011
2.00 1.50
1,280.00 375.00
Marinuzzi, Lorenzo
Wishnew, Jordan A.
13
MORRISON
066923-000000 I RESTRUCTURING Date 24-Feb-2011 24-Feb-2011 24-Feb-2011
FOERSTER
Invoice Number: 5018802 Invoice Date: March 31, 20 II Services Timekeeper Engelhardt, Stefan W. Galante, Paul A.
Hours
advisors regarding claim analysis. Review Jefferies presentation (.8); conference with L.
Ramos regarding same (.2). Review draft Jefferies analysis of2007 Transaction (.5);
Marinuzzi, Lorenzo
Ramos, Leah A.
2.50
1,600.00
24-Feb-201 I 25-Feb-201 I
Meeting with Jefferies assessing insolvency and related causes of action and address follow up items. Review and analysis of financial analysis performed by Jefferies to ascertain potential claims, along with review of supporting documentation. Review documents produced in response to Rule 2004 discovery requests in connection with investigation of
2007 Transaction.
Wishnew, Jordan A.
Engelhardt, Stefan W.
2.30 7.20
1,518.00 5,652.00
25-Feb-201 I
Ramos, Leab A.
2.90
1,856.00
Engelhardt, Stefan W.
Marinuzzi, Lorenzo
Ramos, Leah A.
report and next steps. Discussion with financial advisors regarding analysis of
2007 Transaction (.5); review documents produced in
Total Fees
239,991.50
14
MORRISON
066923-0000001 RESTRUCfURING
FOERSTER
Invoice Number: 5018802 Invoice Date: March 31, 20 II
Timekeeper Summary
Title Partner
Partner
Associate Associate Associate Associate Associate Associate Paralegal Practice Suppt
Name Engelhardt, Stefan W. Marinuzzi, Lorenzo Galante, Paul A. Koshgerian, Stephen P. Malison, Stacy L. Ramos, Leah A.
Hours
54.20 56.10 66.00 10.20 7.10 61.80 50.30 36.90 13.80 26.80 383.20
Richards, Erica J.
Wishnew, Jordan A. Guido, Laura Bergelson, Vadirn
Rate 785.00 795.00 660.00 380.00 500.00 640.00 550.00 660.00 260.00 250.00
TOTAL
Value 42,547.00 44,599.50 43,560.00 3,876.00 3,550.00 39,552.00 27,665.00 24,354.00 3,588.00 6,700.00 239,991.50
15
MORRISON
066923-0000001 RESTRUCTURING
I FOERSTER
Invoice Number: 5018802 Invoice Date: March 31, 20I I
ASSET DISPOSITION/SALES BUSINESS OPERATIONS AND ADVICE CASE ADMINISTRATION CLAIMS ADMINISTRATION AND OBJECTIONS FEE/EMPLOYMENT APPLICATIONS FEE/EMPLOYMENT OBJECTIONS FINANCING MEETINGS OF CREDITORS PLAN AND DISCLOSURE STATEMENT RELIEF FROM STAY PROCEEDINGS COMMUNICATION WITH CREDITORS 2007 TRASNX. INVEST.
0.40 5.00 4.20 7.60 15.30 1.00 2.00 7.50 302.60 0.20 1.50 35.90
383.20
318.00 3,151.50 1,212.00 5,842.50 5,970.00 712.00 1,401.00 4,840.00 190,283.00 132.00 980.50 25,149.00
239,991.50
Oil
012 016 022
TOTAL
16
MORRISON
066923-0000001 RESTRUCTURING
FOERSTER
Invoice Number: 5018802 Invoice Date: March 31, 20 II
Disbursement Detail
Date
09-Feb-2011
Disbursement Description
Air Freight TRAVIS LANGENKAMP, KIRKLAND & ELLIS LLP, 655 15TH STREET N.W., SUITE 1200, WASHINGTON, 20005, lnvoice#:OOOOOOE12397071 Tracking #: 1ZE 12397016827 4954 Air Freight JOSHUA I. SHERMAN, DECHERT LLP, 1095 AVENUE OF THE AMERICAS, NEW YORK, 10036, Invoice #:OOOOOOE12397071 Tracking #: 1ZE123970167444307 Air Freight DANIEL A. FLIMAN, KASOWITZ BENSON TORRES & FRIEDMAN, 1633 BROADWAY, NEW YORK, 10019, Invoice #:OOOOOOE12397071 Tracking #:JZEJ23970168627831 Messenger Service- VENDOR: DELUXE DELIVERY SYSTEMS, INC. - Ticket number 03169177, Messenger service delivery to US Bankruptcy, New York. Messenger Service- VENDOR: DELUXE DELIVERY SYSTEMS, INC. -Ticket number 03169178, Messenger service delivery to US Trustee, New York. Messenger Service -VENDOR: DELUXE DELIVERY SYSTEMS, INC. - Ticket number# 03185142, Messenger service delivery to US 1 Bowling Green, NY. Messenger Service -VENDOR: DELUXE DELIVERY SYSTEMS, INC. - Ticket Number# 03197134, Messenger service delivery to Haynes & Boone, 30 Rockefeller Plaza, New York,NY. Reporting Fees- VENDOR: VERlTEXTINEW YORK REPORTING COMPANY LLC Certified transcript, electronic service charges, shipping & handling. Reporting Fees- VENDOR: TSG REPORTING, INC.- Deposition for William Innkeepers, Certified transcript, certified transcript- expedited delivery, rough ASCII, compressed/ASCII/word index- complimentary. Reporting Fees- VENDOR: TSG REPORTING, INC.- Deposition of Schuyler Hewes, certified transcript, rough ASCII. Reporting Fees- VENDOR: TSG REPORTING, INC.- Deposition of James Glasgow, Certified transcript, certified transcript- daily delivery, rough ASCII, compressed/ASCII/word index- complimentary, exhibits- scanned and hyperlinked. Reporting Fees- VENDOR: TSG REPORTING, INC.- Deposition of Ronald Greenspan, certified transcript, rough ASCII. Reporting Fees- VENDOR: TSG REPORTING, INC.- Deposition ofLauren Krueger on 02/24/11 , Certified transcript, rough ASCII, compressed/ASCOO/work indexcomplimentary, exhibits, file creation fee- hyper linked exhibits- complimentary. Reporting Fees- VENDOR: TSG REPORTING, INC.- Deposition of Kevin Semon on 02/16/11, Certified transcript, rough ASCII, compressed/ASCOO/work indexcomplimentary, exhibits, file creation fee- hyperlinked exhibits- complimentary. Travel MARINUZZ! LORENZO ER00056887 Taxi home after late night work Travel GALANTE PAUL A. ER00057592 Taxi home after late night work. Travel GALANTE PAUL A. ER00057592 Taxi home from L. Ruisi deposition (ended late).
Value 10.62
10-Feb-2011
10.62
10-Feb-2011
10.62
21-Feb-20 11 25-Feb-2011
44.90 2,062.75
28-Feb-2011 28-Feb-2011
708.75 569.25
28-Feb-2011 28-Feb-2011
1,282.25 1,896.50
28-Feb-2011
I ,633.25
17
MORRISON
066923-000000I RESTRUCTURING
FOERSTER
Invoice Number: 50I8802 Invoice Date: March 3I, 20II
Disbursement Description
Travel GALANTE PAUL A. ER00057592 Taxi home from M. Beilinson deposition. Travel GALANTE PAUL A. ER00057592 Taxi working on Sunday. Meals RAMOS LEAH A. ER00056870 working weekends Meals Order !D:I85365335 Order Date:2/6/20II 2:26:00PM Vendor Name: Pump Energy Food Comment: Meals RAMOS LEAH A. ER0005725I working on holiday Transportation Invoice#: 139558 Voucher#: I9I9300 Travel Date: OI/12/II From: M,I290 6 AVE IOOI8 To: NJ, JERSEY CITY OTS Transportation Invoice#: 139558 Voucher#: 1934401 Travel Date: OI/I4/II From: M,l290 6 AVE IOOI8 To: NJ, JERSEY CITY OTS Document Retrieval Service- VENDOR: WEST GROUP PAYMENT CENTER- Federal record center fee, court staff time.
Transaction Date
Disbursement Type
Value
Photocopies
Photocopies Total Long Distance Telephone 02-Feb-2011 23-Feb-2011 6.35 5.32 6.35 5.32
17.20
11.67
Document Preparation
03-Jan-2011
16.50
50.00 16.50
1,703.97
Total Disbursements
10,532.85
18
MORRISON
066923-000000 I RESTRUCTURING
FOERSTER
Invoice Number: 5018802 Invoice Date: March 31, 2011
COST CODE SUMMARY: Task Code 004 005 057 069 073 081 047 054 077 963
Description Photocopies
Long Distance Telephone Reporting Fees
Amount
17.20 11.67 8,197.65 16.50 211.66 1,703.97 31.86 48.00 39.56 254.78 TOTAL 10,532.85
Document Preparation
Travel On-line Research - LEXIS Air Freight
Messenger Service
Meals
Total Disbursements
10,532.85
USD ==25:;;;01;;,52;;4;;;.3;;;5
19