UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF PUERTO RICO 

In re 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

As a representative of 

THE COMMONWEALTH OF PUERTO RICO

et al., 

Debtors.1

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PROMESA 

Title III 

No. 17 BK 3283-LTS 

(Jointly Administered) 

Re: ECF Dkt. Nos. 8454, 12180, 13725, 

19321, 20904, 21454, 21500, 22888, 23075, 

23403, 23483 

Case No. 17-3567 Dkt. Nos. 1263, 1343, 

1355, 1401 

Case No. 17-4780 Dkt. Nos. 1137, 1604, 

1788, 2658, 2816, 3038, 3086 

Hearing date: March 15, 2023, at 9:30 a.m. 

(AST)

FEE EXAMINER’S REPORT ON UNCONTESTED PROFESSIONAL FEE MATTERS 

FOR CONSIDERATION IN CONNECTION WITH THE 

MARCH 15-16, 2023, OMNIBUS HEARING 

I. SUMMARY OF UNCONTESTED FEE APPLICATIONS FOR THE 

SIXTEENTH INTERIM (JUNE 1, 2022-SEPTEMBER 30, 2022) AND 

PRIOR COMPENSATION PERIODS 

1

 The Debtors in these Title III Cases, along with each Debtor’s respective Title III case number and the last four (4) 

digits of each Debtor’s federal tax identification number, as applicable, are the: (i) Commonwealth of Puerto Rico 

(Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax ID: 3481); (ii) Puerto Rico Sales Tax 

Financing Corporation (“COFINA”) (Bankruptcy Case No. 17 BK 3284-LTS) (Last Four Digits of Federal Tax 

ID: 8474); (iii) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case 

No. 17 BK 3567-LTS) (Last Four Digits of Federal Tax ID: 3808); (iv) Employees Retirement System of the 

Government of the Commonwealth of Puerto Rico (“ERS”) (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four 

Digits of Federal Tax ID: 9686); and, (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case 

No. 17 BK 4780-LTS) (Last Four Digits of Federal Tax ID: 3747) Puerto Rico Public Buildings Authority (“PBA”) 

(Bankruptcy Case No. 19-BK-5523-LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case numbers are 

listed as Bankruptcy Case numbers due to software limitations). 

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Document Page 1 of 17
2 

II. FINAL ALLOWANCE OF COMPENSATION FOR PROFESSIONAL 

SERVICES RENDERED AND REIMBURSEMENT OF EXPENSES FOR 

THE FINAL FEE PERIOD 

III. NOTICE OF DEFERRAL OF SPECIFIC FEE APPLICATIONS FOR 

CONSIDERATION AT THE JUNE 7, 2023, OMNIBUS HEARING OR A 

LATER DATE 

TO: HON. LAURA TAYLOR SWAIN, 

UNITED STATES DISTRICT JUDGE 

INTRODUCTION

Last week marked another significant milestone for PREPA—the disclosure statement 

was approved,2

 and the final Title III plan confirmation hearing of these proceedings has been 

scheduled to commence in mid-July. The mediation termination date has been extended through 

April 28, 2023.3

 With effective dates having passed for all Debtors other than PREPA, Title III 

professionals have continued to file final fee applications. Some have also begun filing 

applications—due next week—for the Seventeenth Interim Fee Period, which ran from 

October 1, 2022 through December 6, 2022 (for HTA) and January 31, 2023 (for PREPA).4

 This 

report addresses interim fee applications for periods through and including the Sixteenth 

Interim Fee Period (June 1-September 30, 2022) and several pending final fee applications. 

INTERIM AND FINAL APPLICATIONS

With this Report, the Fee Examiner recommends the Court approve 17 interim and three 

final fee applications. Notably, the Fee Examiner recommends that the Court approve—on an 

2 See March 3, 2023, Order (1) Approving Disclosure Statement, (II) Fixing Voting Record Date, (III) Approving 

Confirmation Hearing Notice and Confirmation Schedule, (IV) Approving Solicitation Packages and Distribution 

Procedures, (V) Approving Forms of Ballots and Voting and Election Procedures, (VI) Approving Notice of NonVoting Status, (VII) Fixing Voting, Election, and Confirmation Deadlines, and (VIII) Approving Vote Tabulation 

Procedures [Dkt. No. 23675]. 

3 See January 23, 2023, Mediation Team’s Third Notice and Report [Dkt. No. 23306] and the January 26, 2023 

Order Extending Mediation Termination Date [Dkt. No. 23397]. 

4 See April 12, 2022, Third Amended Order Setting Procedures for Interim and Final Compensation and 

Reimbursement of Expenses for Professionals [Dkt. No. 20546]. 

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3 

interim basis—six previously deferred fee applications of Ankura Consulting Group, LLC 

(“Ankura”), for the Fifth, Sixth and Seventh Interim Fee Periods (through September 2019). 

These applications were reviewed on a consolidated basis after being repeatedly deferred as a 

result of now-resolved data irregularities in the professional’s submissions. The Fee Examiner 

and Ankura are developing an approach for a consensual resolution of all of the remaining 

deferred interim applications, as well as timely completion of the final fee process. In the 

meantime, Ankura continues its PREPA financial advisory services. 

Collectively, for all Title III professionals, the Court has already approved 15 final fee 

applications,5

 with 41 interim and 11 final applications remaining deferred. For the June 7, 2023 

omnibus hearing, the Fee Examiner expects to recommend Court approval of another group of 

deferred interim and final applications, as well as a group of applications for the Seventeenth 

Interim Fee Period. 

SUMMARY OF RECOMMENDATIONS 

With this report, the Fee Examiner: 

--Recommends Court approval of the 17 interim fee applications 

detailed on Exhibit A and the three final fee applications detailed 

on Exhibit B; 

--Notifies the Court, consistent with paragraphs 2.h and 2.k of the 

Third Amended Compensation Order, that the Fee Examiner and 

the applicants listed on Exhibit C and Exhibit D6 are in 

productive discussions and—to continue their dialogue—have 

agreed to adjourn consideration of these fee applications to the 

June 7, 2023, omnibus hearing, or another date convenient for the 

Court. 

5 See final compensation orders Dkt. Nos. 6523, 9047, 9492, 12157, 13824, 14925, 15971, 23045 and 23408. 

6

 Exhibit D identifies 11 Final Fee Applications recommended for deferral. Only professionals that have completed 

the interim compensation process should be filing final applications. The Fee Examiner will continue to recommend 

the deferral of final applications for several reasons, including to facilitate the completion of the interim reporting 

process. 

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4 

RELIEF REQUESTED 

Once again in the continued absence of any objection, the Fee Examiner recommends 

that the Court approve, under PROMESA sections 316 and 317, the applications listed on 

Exhibits A and B, and permit the deferral of the applications listed on Exhibits C and D to the 

omnibus hearing scheduled for June 7, 2023, or a later date. Attached to this report as 

Attachment 1 is a proposed order consistent with the recommendations above, should the Court 

wish to enter it in advance of the upcoming omnibus hearing. 

Dated: March 8, 2023. 

WE HEREBY CERTIFY that on this date, we electronically filed the foregoing report 

with the Clerk of the Court using the CM/ECF system that will send notification of such filing to 

all attorneys of record registered in the use of the CM/ECF system. 

EDGE LEGAL, LLC 

 s/Eyck O. Lugo 

Eyck O. Lugo 

252 Ponce de León Avenue 

Citibank Tower, 12th Floor 

San Juan, PR 00918 

Telephone: (787) 522-2000 

Facsimile: (787) 522-2010 

Puerto Rico Counsel for Fee Examiner 

GODFREY & KAHN, S.C. 

One East Main Street, Suite 500 

Madison, WI 53703 

Telephone: (608) 257-3911 

Facsimile: (608) 257-0609 

Brady C. Williamson (Pro Hac Vice) 

Fee Examiner 

Katherine Stadler (Pro Hac Vice) 

Counsel for the Fee Examiner

28922874.5 

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In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

Fifth - Sixteenth Fee Period Applications Recommended: Applicant Compensation Period Interim Fees Requested Fee Examiner's Recommended Fee Adjustments Interim Expenses Requested Fee Examiner's Recommended Expense Adjustments 

1-a Ankura Consulting Group, LLC [Dkt. No. 8454] 10/1/2018 - 1/31/2019 3,223,148.50 $ 71,304.13 $ 181,809.03 $ 6,426.34 $ 

1-b Ankura Consulting Group, LLC [17-4780 Dkt. No. 1137] 10/1/2018 - 1/31/2019 3,080,936.50 $ 68,158.04 $ 228,902.66 $ 8,090.95 $ 

2-a Ankura Consulting Group, LLC [Dkt. No. 12180] 2/1/2019 - 5/31/2019 $ 90,035.0 4,069,840.50 $ 219,612.8 8 $ 7,762.5 1 $ 

8 

2-b Ankura Consulting Group, LLC [17-4780 Dkt. No. 1604] 2/1/2019 - 5/31/2019 2,890,183.50 $ 63,938.11 $ 276,996.38 $ 9,790.90 $ 

3-a Ankura Consulting Group, LLC [Dkt. No. 13725] 6/1/2019 - 9/30/2019 $ 118,480.9 5,355,672.59 $ 309,366.13 1 $ 10,935.0 $ 

6 

3-b Ankura Consulting Group, LLC [17-4780 Dkt. No. 1788] 6/1/2019 - 9/30/2019 $ 61,464.0 2,778,349.50 $ 230,089.53 6 $ 8,132.9 $ 

0 

4-a Brown Rudnick LLP [Dkt. No. 19321] 6/1/2021 - 9/30/2021 $ 11,787.82 465,491.50 $ 1,409.1 $ 291.23 0 $ 

4-b Brown Rudnick LLP [17-3566 Dkt. No. 1263] 6/1/2021 - 9/30/2021 $ - 800.00 $ - $ - $ 

4-c Brown Rudnick LLP [17-4780 Dkt. No. 2658] 6/1/2021 - 9/30/2021 $ 14,580.12 91,691.00 $ 904.90 $ 384.77 $ 

5-a Brown Rudnick LLP [Dkt. No. 20904] 10/1/2021 - 1/31/2022 $ 6,664.01 187,879.00 $ 1,797.0 $ 337.97 8 $ 

5-b Brown Rudnick LLP [17-3566 Dkt. No. 1343] 10/1/2021 - 1/31/2022 $ - 1,348.00 $ 2,676.9 $ - 0 $ 

5-c Brown Rudnick LLP [17-4780 Dkt. No. 2816] 10/1/2021 - 1/31/2022 $ 19,426.6 572,663.00 $ 26,341.63 8 $ 3,470.8 $ 

8 

6-a Brown Rudnick LLP [Dkt. No. 21454] 2/1/2022 - 3/15/2022 $ 5,490.9 105,453.00 $ 125.70 0 $ 56.89 $ 

6-b Brown Rudnick LLP [17-3566 Dkt. No. 1355] 2/1/2022 - 3/15/2022 $ - 914.00 $ - $ - $ 

6-c Brown Rudnick LLP [17-4780 Dkt. No. 3038] 2/1/2022 - 5/31/2022 $ 4,188.97 101,003.00 $ 149.40 $ 11.32 $ 

7 Brattle Group, Inc., The [Dkt. No. 22888 and 17-4780 Dkt. No. 3086] 6/1/2022 - 9/30/2022 462,347.00 $ - $ - $ - $ 

8 Marini Pietrantoni Muniz LLC [Dkt. No. 23075] 6/1/2022 - 9/30/2022 36,944.50 $ - $ 3.90 $ - $ 

Counsel to AAFAFSixteenth Interim Fee Period (June 1, 2022 - September 30, 2022)Economic Consultant to FOMB - C10 - PREPA Mediation/ConsultingThirteenth Interim Fee Period (June 1, 2021 - September 30, 2021)Claims Counsel to the FOMB - CommonwealthClaims Counsel to the FOMB - ERSClaims Counsel to the FOMB - PREPAClaims Counsel to the FOMB - PREPAFourteenth Interim Fee Period (October 1, 2021 - January 31, 2022)Claims Counsel to the FOMB - CommonwealthClaims Counsel to the FOMB - ERSClaims Counsel to the FOMB - PREPAFifteenth Interim Fee Period (February 1, 2022 - May 31, 2022)Claims Counsel to the FOMB - CommonwealthClaims Counsel to the FOMB - ERSSeventh Interim Fee Period (June 1, 2019 - September 30, 2019)Financial Advisors to CommonwealthFinancial Advisors to PREPAFifth Interim Fee Period (October 1, 2018 - January 31, 2019)Financial Advisors to CommonwealthFinancial Advisors to PREPASixth Interim Fee Period (February 1, 2019 - May 31, 2019)Financial Advisors to CommonwealthFinancial Advisors to PREPA

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Document Page 5 of 17
FINAL Fee Applications Recommended: Applicant Compensation Period Final Fees Requested 

 Fee Examiner's 

Recommended Fee 

Adjustments 

 Final Expenses 

Requested 

 Fee Examiner's 

Recommended 

Expense 

Adjustments 

Rec

1 Brattle Group, Inc., The [Dkt. No. 23483 and 17-3566 Dkt. No. 1401] 1/29/2020 - 3/15/2022 2,428,799.47 $ - $ 8,479.51 $ - $ 

$ 

2 Cardona Fernandez, Ileana C. [Dkt. No. 21500] 4/30/2019 - 3/15/2022 TBD - $ TBD - $ FN1 $ 

3 Luskin, Stern & Eisler LLP [Dkt. No. 23403] 5/3/2017 - 3/15/2022 1,563,848.24 $ - $ 7,014.97 $ - $ 

$ 

Puerto Rico Conflicts Counsel to FOMB

In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

Special Counsel to the FOMBEconomic Consultant to Proskauer Rose as Legal Counsel to the FOMB - ERS

FN1 - This professional listed amounts requested in its final fee application as “TBD” because its interim applications for the Fourteenth and Fifteenth Interim Fee Periods were still pending. Those interim applica

22727 and 23112. As such, in the interest of efficiency and economy, rather than requiring the professional to file an amended final fee application, the Fee Examiner now recommends entry of a final fee award previously-approved interim fees and expenses, incorporating all interim recommended adjustments to fees and expenses, equaling the amounts stated in the “Recommended for Approval” columns on this exh

 28442036.1 

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Document Page 6 of 17
In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

Sixth - Sixteenth Fee Period Applications Deferred: Applicant Compensation Period Interim Fees Requested Fee Examiner's Recommended Fee Adjustments Interim Expenses Requested Fee Examiner's Recommended Expense Adjustments 

1 Gierbolini & Carroll Law Offices, PSC [Dkt. No. 8016] 2/1/2019 - 5/31/2019 19,504.00 $ 520.00 $ 2 Nixon Peabody LLP [Dkt. No. 9538] 2/1/2019 - 5/31/2019 371,931.00 $ - $ 3 PJT Partners LP [Dkt. No. 8014] 2/1 /2019 - 5/31/2019 $ 333.16 5,000,000.00 $ 

4 Nixon Peabody LLP [Dkt. No. 9539] 6/1/2019 - 9/30/2019 $ - 80,805.00 $ 5 PJT Partners LP [Dkt. No. 9215] 6/1/2019 - 9/30/2019 $ 6,980.89 5,000,000.00 $ 

6-a Ankura Consulting Group, LLC [Dkt. No. 14031] 10/1/2019 - 1/31/2020 $ 226,836.9 4,568,311.20 $ 8

6-b Ankura Consulting Group, LLC [17-4780 Dkt. No. 1977] 10/1/2019 - 1/31/2020 $ 170,218.5 2,129,389.00 $ 4

7 Nixon Peabody LLP [Dkt. No. 13600] 10/1/2019 - 1/31/2020 $ - 80,352.00 $ 

8 PJT Partners LP [Dkt. No. 12401] 10/1/2019 - 1/31/2020 $ 19,449.79 5,000,000.00 $ 

9-a Ankura Consulting Group, LLC [Dkt. No. 14924] 2/1/2020 - 5/31/2020 $ 62,803.01 4,634,422.41 $ 

9-b Ankura Consulting Group, LLC [Dkt. No. 15472 and 17-4780 Dkt. No. 2343] 2/1/2020 - 5/31/2020 2,151,665.50 $ 50,582.41 $ 

10 Nixon Peabody LLP [Dkt. No. 15553] 2/1/2020 - 5/31/2020 $ - 145,126.50 $ 11 PJT Partners LP [Dkt. No. 14041 ] 2/1/2020 - 5/31/2020 $ 30,021.8 5,000,000.00 $ 6

12-a Ankura Consulting Group, LLC [Dkt. No. 18095] 6/1/2020 - 9/30/2020 $ - 5,079,515.26 $ 

12-b Ankura Consulting Group, LLC [17-4780 Dkt. No. 2377] 6/1/2020 - 9/30/2020 $ - 2,119,759.50 $ 

13 Nixon Peabody LLP [Dkt. No. 15554] 6/1/2020 - 9/30/2020 $ - 350,033.00 $ 14 PJT Partners LP [Dkt. No. 15577] 6/1/2020 - 9/30/2020 $ 2,426.81 5,000,000.00 $ 

15-a Ankura Consulting Group, LLC [Dkt. No. 18168] 10/1/2020 - 1/31/2021 4,613,452.36 $ 68,005.73 $ 

15-b Ankura Consulting Group, LLC [Dkt. No. 17831] 10/1/2020 - 1/31/2021 1,850,867.90 $ 36,019.70 $ 

16 PJT Partners LP [Dkt. No. 16945] 10/1/2020 - 1/31/2021 5,000,000.00 $ - $ 

Financial Advisors - CommonwealthFinancial Advisors - PREPAInvestment Banker and Financial Advisor to FOMBEleventh Interim Fee Period (October 1, 2020 - January 31, 2021)Investment Banker and Financial Advisor to FOMBNinth Interim Fee Period (February 1, 2020 - May 31, 2020)Financial Advisors to CommonwealthFinancial Advisors to PREPASpecial Counsel to FOMB - PREPAInvestment Banker and Financial Advisor to FOMBTenth Interim Fee Period (June 1, 2020 - September 30, 2020)Financial Advisors to CommonwealthFinancial Advisors to PREPASpecial Counsel to FOMB - PREPAInvestment Banker and Financial Advisor to FOMBSixth Interim Fee Period (February 1, 2019 - May 31, 2019)Special Counsel to FOMB - PREPACounsel to FOMBSpecial Counsel to FOMB - PREPAInvestment Banker and Financial Advisor to FOMBSeventh Interim Fee Period (June 1, 2019 - September 30, 2019)Special Counsel to FOMB - PREPAInvestment Banker and Financial Advisor to FOMBEighth Interim Fee Period (October 1, 2019 - January 31, 2020)Financial Advisors to CommonwealthFinancial Advisors to PREPA

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Document Page 7 of 17
In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

Sixth - Sixteenth Fee Period Applications Deferred: Applicant Compensation Period Interim Fees Requested Fee Examiner's Recommended Fee Adjustments Interim Expenses Requested Fee Examiner's Recommended Expense Adjustments 

17 Ankura Consulting Group, LLC [Dkt. No. 19189, 19634 and 17-4780 Dkt. No. 2650] 2/1/2021 - 5/31/2021 5,901,035.25 $ 196,557.40 $ 18 PJT Partners LP [Dkt. No. 19494] 2/1/2021 - 5/31/2021 $ - 5,000,000.00 $ 

19 Ankura Consulting Group, LLC [Dkt. No. 22693 and 17-4780 Dkt. No.3054] 6/1/2021 - 9/30/2021 2,021,473.70 $ - $ 20 O'Neill & Borges LLC [Dkt. No. 22967] 6/1/2021 - 9/30/2021 392,513.85 $ 3,460.20 $ 21 PJT Partners LP [Dkt. No. 19805] 6/1/2021 - 9/30/2021 5,000,000.00 $ - $ 22 Ernst & Young LLP [Dkt. No. 21936] 10/1/2021 - 1/31/2022 10,926,263.15 $ 42,630.73 $ 

23 O'Neill & Borges LLC [Dkt. No. 22969] 10/1/2021 - 1/31/2022 358,713.45 $ 1,131.80 $ 24 PJT Partners LP [Dkt. No. 22697] 10/1/2021 - 1/31/2022 5,000,000.00 $ 3,989.43 $ 

25 Diaz & Vazquez Law Firm, P.S.C. [Dkt. No. 21898 and 17-4780 Dkt. No. 2929] 10/1/2021 - 5/31/2022 4,453,997.50 $ 35,807.43 $ 

26 Ernst & Young LLP [Dkt. No. 21935] 2/1/2022 - 3/15/2022 3,639,293.65 $ 40,313.49 $ 

27 King & Spalding LLP [Dkt. No. 21497, 21718, 21719 and 17-4780 Dkt. No. 

2891, 2915, 2916] 8/1/2018 - 3/31/2022 28,212,229.38 $ 297,297.70 $ 

28 Moelis & Company LLC [Dkt. No. 22153 and 17-4780 Dkt. No. 2952] 4/15/2022 - 5/31/2022 375,000.00 $ 24,450.69 $ 

29 O'Neill & Borges LLC [Dkt. No. 22971] 2/1/2022 - 5/31/2022 123,255.45 $ 607.20 $ 30 PJT Partners LP [Dkt. No. 22700] 2/1/2022 - 5/31/2022 5,000,000.00 $ 2,153.71 $ 

31 Brown Rudnick LLP [17-4780 Dkt. No. 3083] 6/1/2022 - 9/30/2022 $ 1,343.3 138,069.00 $ 6

32-a Citigroup Global Markets Inc. [Dkt. No. 23201] 6/1/2022 - 9/30/2022 $ 7,718.4 5,115,000.00 $ 0

32-b Citigroup Global Markets Inc. [Dkt. No. 23202] Transaction Fee 9,083,750.0 $ - 0 $ 

33 Moelis & Company LLC [Dkt. No. 22859 and 17-4780 Dkt. No. 3081] 6/1/2022 - 9/30/2022 750,000.00 $ 17,939.94 $ 

Financial Advisor for the Mediation Team - PREPASixteenth Interim Fee Period (June 1, 2022 - September 30, 2022)Claims Counsel to the FOMB acting through Special Claims Committee - PREPAInvestment Banker and Financial Advisor to FOMBInvestment Banker and Financial Advisor to FOMB - PREPA Transaction FeePuerto Rico Counsel for PREPAFinancial Advisor to the FOMB - CommonwealthCounsel to PREPAFinancial Advisor for the Mediation Team - PREPAPuerto Rico Counsel to the FOMBInvestment Banker and Financial Advisor to FOMBPuerto Rico Counsel to the FOMBInvestment Banker and Financial Advisor to FOMBFifteenth Interim Fee Period (February 1, 2022 - May 31, 2022)Investment Banker and Financial Advisor to FOMBFourteenth Interim Fee Period (October 1, 2021 - January 31, 2022)Financial Advisor to the FOMBThirteenth Interim Fee Period (June 1, 2021 - September 30, 2021)Financial Advisors - PREPAPuerto Rico Counsel to the FOMBTwelfth Interim Fee Period (February 1, 2021 - May 31, 2021)Financial Advisors - PREPAInvestment Banker and Financial Advisor to FOMB

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Document Page 8 of 17
In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

Sixth - Sixteenth Fee Period Applications Deferred: Applicant Compensation Period Interim Fees Requested Fee Examiner's Recommended Fee Adjustments Interim Expenses Requested Fee Examiner's Recommended Expense Adjustments 

34 Norton Rose Fulbright US LLP [Dkt. No. 23497 and 17-4780 Dkt. No. 3196] 2/1/2022 - 9/30/2022 222,711.00 $ - $ 35 PJT Partners LP [Dkt. No. 23388] 6/1/2022 - 9/30/2022 5,000,000.00 $ 1,477.46 $ 36 Wolfe, Andrew [Dkt. No. 23688] 3/16/2022 - 6/30/2022 $ 450.00 6,725.00 $ 

Special Debt Financing Counsel to PREPAInvestment Banker and Financial Advisor to FOMBMacroeconomic Consultant to the FOMB

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Document Page 9 of 17
FINAL Fee Applications Deferred: Applicant Compensation Period Final Fees Requested 

 Fee Examiner's 

Recommended 

Fee Adjustments 

 Final Expenses 

Requested 

 Fee Examiner's 

Recommended 

Expense 

Adjustments 

 Fin

Recomm

Ap

1-a Alvarez & Marsal North America, LLC [Dkt. No. 23125] 8/2/2018 - 3/15/2022 28,351,249.38 $ 150,220.27 $ 

1-b Alvarez & Marsal North America, LLC [Dkt. No. 23129 and 17- 3566 Dkt. No. 1393] 8/2/2018 - 3/15/2022 3,805,198.30 $ - $ 

1-c Alvarez & Marsal North America, LLC [Dkt. No. 23127 and 19- 5523 Dkt. No. 348] 4/30/2021 - 3/15/2022 195,172.92 $ - $ 

2-a Brown Rudnick [Dkt. No. 21499] 11/28/2018 - 3/15/2022 TBD TBD FN1

2-b Brown Rudnick [17-3566 Dkt. No. 1357] 11/28/2018 - 3/15/2022 TBD TBD FN1

3-a DiCicco, Gulman & Company LLP [Dkt. No. 21501] 2/26/2019 - 3/15/2022 7,328,471.05 $ - $ 

3-b DiCicco, Gulman & Company LLP [17-3566 Dkt. No. 1358] 2/26/2019 - 3/15/2022 410,888.91 $ - $ 

3-c DiCicco, Gulman & Company LLP [19-5523 Dkt. No. 324] 2/26/2019 - 3/15/2022 75,187.50 $ - $ 

4 O'Melveny & Myers [17-3284 Dkt. No. 640] 5/5/2017 - 2/12/2019 8,674,704.03 $ 78,506.01 $ 

5 Phoenix Management Services, LLC [Dkt. No. 23494] 8/4/2017 - 1/21/2022 2,935,747.69 $ 84,283.34 $ 

6 Wolfe, Andrew [Dkt. No. 21453, 23689 amended] 8/1/2017 - 6/30/2022 1,039,129.00 $ 55,618.53 $ 

Claims Counsel to FOMB - Commonwealth

In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

Consultants to the FOMB - CommonwealthConsultants to the FOMB - Employee Retirement SystemConsultants to the FOMB - Public Buildings Authority

FN1 - This professional listed amounts requested in its final fee application as “TBD” because its interim applications for the Eleventh through Fifteenth Interim Fee Periods were still pending. 

Counsel to AAFAF - COFINAFinancial Advisor to the Mediation TeamMacroeconomic Consultant to the FOMB - CommonwealthClaims Counsel to FOMB - ERSFinancial Advisor to FOMB - CommonwealthFinancial Advisor to FOMB - ERSFinancial Advisor to FOMB - PBA

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Document Page 10 of 17
ATTACHMENT 1

Case:17-03283-LTS Doc#:23760 Filed:03/08/23 Entered:03/08/23 17:40:21 Desc: Main

Document Page 11 of 17
UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF PUERTO RICO 

In re 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

As a representative of 

THE COMMONWEALTH OF PUERTO RICO

et al., 

Debtors.1

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PROMESA 

Title III 

No. 17 BK 3283-LTS 

(Jointly Administered) 

Re: ECF Dkt. Nos. 8454, 12180, 13725, 

19321, 20904, 21454, 21500, 22888, 23075, 

23403, 23483 

Case No. 17-3566 Dkt. Nos. 1263, 1343, 

1355, 1401 

Case No. 17-4780 Dkt. Nos. 1137, 1604, 

1788, 2658, 2816, 3038, 3086 

OMNIBUS ORDER AWARDING: (I.) INTERIM ALLOWANCE OF COMPENSATION 

FOR PROFESSIONAL SERVICES RENDERED AND REIMBURSEMENT OF 

EXPENSES FOR THE SIXTEENTH INTERIM (JUNE 1, 2022 – SEPTEMBER 30, 2022) 

AND PRIOR COMPENSATION PERIODS; (II.) FINAL ALLOWANCE OF 

COMPENSATION FOR PROFESSIONAL SERVICES RENDERED AND 

REIMBURSEMENT OF EXPENSES FOR THE FINAL FEE PERIOD FOR CERTAIN 

PROFESSIONALS 

This matter coming before the Court on the interim fee applications (together Docket 

Entry Nos. 8454, 12180, 13725, 19321, 20904, 21454, 21500, 22888, 23075, 23403, 23483 

[Case No. 17-3283], 1263, 1343, 1355, 1401 [Case No. 17-3566], 1137, 1604, 1788, 2658, 2816, 

1

 The Debtors in these Title III Cases, along with each Debtor’s respective Title III case number and the last four (4) 

digits of each Debtor’s federal tax identification number, as applicable, are the: (i) Commonwealth of Puerto Rico 

(Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax ID: 3481); (ii) Puerto Rico Sales Tax 

Financing Corporation (“COFINA”) (Bankruptcy Case No. 17 BK 3284-LTS) (Last Four Digits of Federal Tax 

ID: 8474); (iii) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case 

No. 17 BK 3567-LTS) (Last Four Digits of Federal Tax ID: 3808); (iv) Employees Retirement System of the 

Government of the Commonwealth of Puerto Rico (“ERS”) (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four 

Digits of Federal Tax ID: 9686); and, (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case 

No. 17 BK 4780-LTS) (Last Four Digits of Federal Tax ID: 3747) Puerto Rico Public Buildings Authority (“PBA”) 

(Bankruptcy Case No. 19-BK-5523-LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case numbers are 

listed as Bankruptcy Case numbers due to software limitations). 

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3038, 3086 [Case No. 17-4780], the (“Applications”)), all as indicated as “Recommended for 

Approval” on the attached Exhibit A and Exhibit B, pursuant to sections 316 and 317 of the 

Puerto Rico Oversight, Management, and Economic Stability Act (“PROMESA), Pub. L. 

No. 114-187, §§ 316, 317, 130 Stat., 549, 584-85 (2016), and Rule 2016 of the Local Rules of 

Bankruptcy Practice and Procedure of the U.S. Bankruptcy Court for the District of Puerto Rico, 

for the interim allowance of certain fees, including all holdbacks and expenses incurred by the 

Applicants for the specific period of time set forth in each of the Applications (the 

“Compensation Periods”); filed in accordance with the Order Setting Procedures for Interim 

Compensation and Reimbursement of Expenses for Professionals [Dkt. No. 1150] (the “Interim 

Compensation Order”); the First Amended Order Setting Procedures for Interim Compensation 

and Reimbursement of Expenses of Professionals [Dkt. No. 1715] (the “First Amended Interim 

Compensation Order”); the Second Amended Order Setting Procedures for Interim 

Compensation and Reimbursement of Expenses of Professionals [Dkt. No. 3269] (the “Second 

Amended Interim Compensation Order”); the Third Amended Order Setting Procedures for 

Interim and Final Compensation and Reimbursement of Expenses of Professionals [Dkt. No. 

20546] (the “Third Amended Interim Compensation Order”); the Order Pursuant to 

PROMESA Sections 316 and 317 and Bankruptcy Code Section 105(A) Appointing a Fee 

Examiner and Related Relief [Dkt. No. 1416] (the “Fee Examiner Order”); and the First 

Amended Order Pursuant to PROMESA Sections 316 and 317 and Bankruptcy Code 

Section 105(A) Appointing a Fee Examiner and Related Relief [Dkt. No. 3324] (the “First 

Amended Fee Examiner Order”); and the Court having reviewed the Applications and/or the 

report filed by the Fee Examiner with respect to the Applications [see Dkt. No. ____]; and the 

Court finding that: (a) the Court has jurisdiction over this matter pursuant to PROMESA 

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section 306(a); and (b) notice of the Applications and the hearing thereon being adequate under 

the circumstances; and (c) all parties with notice of the Applications having been afforded the 

opportunity to be heard on the Applications; 

IT IS HEREBY ORDERED THAT: 

1. The Applications are GRANTED on an interim basis as set forth on the attached 

Exhibit A. 

2. Each of the Applicants is allowed (a) interim compensation for services rendered 

during the Compensation Periods and (b) interim reimbursement for actual and necessary 

expenses incurred during the Compensation Periods, each in the respective and adjusted amounts 

set forth on the attached Exhibit A, including, except as otherwise indicated, any and all 

holdbacks. 

3. To the extent not already paid pursuant to the Interim Compensation Order, the 

Debtors are hereby authorized and directed to pay each of the Applicants 100 percent of the fees 

and 100 percent of the expenses listed on Exhibit A under the columns “Interim Fees 

Recommended for Approval” and “Interim Expenses Recommended for Approval,” respectively, 

for services rendered and expenses incurred during the Compensation Periods. 

4. The Applications listed on the attached Exhibit B are GRANTED on a final basis. 

To the extent not already paid pursuant to the Interim Compensation Order, the Debtors are 

hereby authorized and directed to pay the Applicants listed on Exhibit B 100 percent of the fees 

and 100 percent of the expenses listed under the columns “Final Fees Recommended for 

Approval” and “Final Expenses Recommended for Approval.” 

5. Pursuant to the Fee Examiner’s report, the interim fee applications listed on 

Exhibit C and the final applications listed on Exhibit D of the report Docket Entry Nos. 640 

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[Case No. 17-3284], 1357, 1358, 1393 [Case No. 17-3566], 1977, 2343, 2377, 2650, 2891, 2915, 

2916, 2929, 2952, 3054, 3081, 3083, 3196 [Case No. 17-4780], 8014, 8016, 9215, 9538, 9539, 

12401, 13600, 14031, 14041, 14924, 15472, 15553, 15554, 15577, 16945, 17831, 18095, 18168, 

19189, 19494, 19634, 19805, 21453, 21497, 21499, 21501, 21718, 21719, 21898, 21935, 21936, 

22153, 22693, 22697, 22700, 22859, 22967, 22969, 22971, 23125, 23127, 23129, 23201, 23202, 

23388, 23494, 23497, 23688, 23689 [Case No. 17-3283], 324, 348 [Case No. 19-5523] remain 

adjourned for consideration at a later hearing date. 

6. This Order resolves Docket Entry Nos. 8454, 12180, 13725, 19321, 20904, 

21454, 21500, 22888, 23075, 23403, 23483 [Case No. 17-3283], 1263, 1343, 1355, 1401 [Case 

No. 17-3566], 1137, 1604, 1788, 2658, 2816, 3038, 3086 [Case No. 17-4780]. 

SO ORDERED. 

Dated: March ____, 2023 

 

LAURA TAYLOR SWAIN 

United States District Judge 

28929367.1 

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In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

Fifth - Sixteenth Fee Period Applications Recommended: Applicant Compensation Period Interim Fees Requested Fee Examiner's Recommended Fee Adjustments Interim Expenses Requested Fee Examiner's Recommended Expense Adjustments 

1-a Ankura Consulting Group, LLC [Dkt. No. 8454] 10/1/2018 - 1/31/2019 3,223,148.50 $ 71,304.13 $ 181,809.03 $ 6,426.34 $ 

1-b Ankura Consulting Group, LLC [17-4780 Dkt. No. 1137] 10/1/2018 - 1/31/2019 3,080,936.50 $ 68,158.04 $ 228,902.66 $ 8,090.95 $ 

2-a Ankura Consulting Group, LLC [Dkt. No. 12180] 2/1/2019 - 5/31/2019 $ 4,069,840.50 $ 90,035.08 $ 219,612.81 $ 7,762.58 

2-b Ankura Consulting Group, LLC [17-4780 Dkt. No. 1604] 2/1/2019 - 5/31/2019 2,890,183.50 $ $ 63,938.11 $ 276,996.38 $ 9,790.90 

3-a Ankura Consulting Group, LLC [Dkt. No. 13725] 6/1/2019 - 9/30/2019 $ 5,355,672.59 $ 118,480.91 $ 309,366.13 $ 10,935.06 

3-b Ankura Consulting Group, LLC [17-4780 Dkt. No. 1788] 6/1/2019 - 9/30/2019 $ 2,778,349.50 $ 61,464.06 $ 230,089.53 $ 8,132.90 

4-a Brown Rudnick LLP [Dkt. No. 19321] 6/1/2021 - 9/30/2021 $ 465,491.50 $ 11,787.82 $ 1,409.10 $ 291.23 

4-b Brown Rudnick LLP [17-3566 Dkt. No. 1263] 6/1/2021 - 9/30/2021 $ 800.00 $ - $ - $ - 

4-c Brown Rudnick LLP [17-4780 Dkt. No. 2658] 6/1/2021 - 9/30/2021 $ 91,691.00 $ 14,580.12 $ 904.90 $ 384.77 

5-a Brown Rudnick LLP [Dkt. No. 20904] 10/1/2021 - 1/31/2022 $ 187,879.00 $ 6,664.01 $ 1,797.08 $ 337.97 

5-b Brown Rudnick LLP [17-3566 Dkt. No. 1343] 10/1/2021 - 1/31/2022 $ 1,348.00 $ - $ 2,676.90 $ - 

5-c Brown Rudnick LLP [17-4780 Dkt. No. 2816] 10/1/2021 - 1/31/2022 $ 572,663.00 $ 19,426.68 $ 26,341.63 $ 3,470.88 

6-a Brown Rudnick LLP [Dkt. No. 21454] 2/1/2022 - 3/15/2022 $ 105,453.00 $ 5,490.90 $ 125.70 $ 56.89 

6-b Brown Rudnick LLP [17-3566 Dkt. No. 1355] 2/1/2022 - 3/15/2022 $ 914.00 $ - $ - $ - 

6-c Brown Rudnick LLP [17-4780 Dkt. No. 3038] 2/1/2022 - 5/31/2022 $ 101,003.00 $ 4,188.97 $ 149.40 $ 11.32 

7 Brattle Group, Inc., The [Dkt. No. 22888 and 17-4780 Dkt. No. 3086] 6/1/2022 - 9/30/2022 $ 462,347.00 $ - $ - $ - 

8 Marini Pietrantoni Muniz LLC [Dkt. No. 23075] 6/1/2022 - 9/30/2022 $ 36,944.50 $ - $ 3.90 $ - 

Counsel to AAFAFSixteenth Interim Fee Period (June 1, 2022 - September 30, 2022)Economic Consultant to FOMB - C10 - PREPA Mediation/ConsultingThirteenth Interim Fee Period (June 1, 2021 - September 30, 2021)Claims Counsel to the FOMB - CommonwealthClaims Counsel to the FOMB - ERSClaims Counsel to the FOMB - PREPAClaims Counsel to the FOMB - PREPAFourteenth Interim Fee Period (October 1, 2021 - January 31, 2022)Claims Counsel to the FOMB - CommonwealthClaims Counsel to the FOMB - ERSClaims Counsel to the FOMB - PREPAFifteenth Interim Fee Period (February 1, 2022 - May 31, 2022)Claims Counsel to the FOMB - CommonwealthClaims Counsel to the FOMB - ERSSeventh Interim Fee Period (June 1, 2019 - September 30, 2019)Financial Advisors to CommonwealthFinancial Advisors to PREPAFifth Interim Fee Period (October 1, 2018 - January 31, 2019)Financial Advisors to CommonwealthFinancial Advisors to PREPASixth Interim Fee Period (February 1, 2019 - May 31, 2019)Financial Advisors to CommonwealthFinancial Advisors to PREPA

 28442036.1 

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FINAL Fee Applications Recommended: Applicant Compensation Period Final Fees Requested 

 Fee Examiner's 

Recommended Fee 

Adjustments 

 Final Expenses 

Requested 

 Fee Examiner's 

Recommended 

Expense 

Adjustments 

Rec

1 Brattle Group, Inc., The [Dkt. No. 23483 and 17-3566 Dkt. No. 1401] 1/29/2020 - 3/15/2022 2,428,799.47 $ - $ 8,479.51 $ - $ 

$ 

2 Cardona Fernandez, Ileana C. [Dkt. No. 21500] 4/30/2019 - 3/15/2022 TBD - $ TBD - $ FN1 $ 

3 Luskin, Stern & Eisler LLP [Dkt. No. 23403] 5/3/2017 - 3/15/2022 1,563,848.24 $ - $ 7,014.97 $ - $ 

$ 

Puerto Rico Conflicts Counsel to FOMB

In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

Special Counsel to the FOMBEconomic Consultant to Proskauer Rose as Legal Counsel to the FOMB - ERS

FN1 - This professional listed amounts requested in its final fee application as “TBD” because its interim applications for the Fourteenth and Fifteenth Interim Fee Periods were still pending. Those interim applica

22727 and 23112. As such, in the interest of efficiency and economy, rather than requiring the professional to file an amended final fee application, the Fee Examiner now recommends entry of a final fee award 

previously-approved interim fees and expenses, incorporating all interim recommended adjustments to fees and expenses, equaling the amounts stated in the “Recommended for Approval” columns on this exh

 28442036.1 

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