Exhibit B 

Monthly Statements 

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 1 of 83
UNITED STATES DISTRICT COURT

DISTRICT OF PUERTO RICO

-------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO,

 as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al.,

 Debtors. 1

-------------------------------------------------------------x

PROMESA

Title III

No. 17 BK 3283-LTS

(Jointly Administered)

IN RE:

THE FINANCIAL OVERSIGHT AND

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of

THE EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO, 

 Debtor.

-------------------------------------------------------------x

PROMESA

Title III

No. 17 BK 3566-LTS

COVER SHEET TO FIFTY-FIRST MONTHLY FEE APPLICATION OF PROSKAUER 

ROSE LLP AS ATTORNEYS TO THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO, AS REPRESENTATIVE OF DEBTOR, EMPLOYEES 

RETIREMENT SYSTEM (“ERS”) 

FOR THE PERIOD JUNE 1, 2021 THROUGH JUNE 30, 2021

ALL FEES IN THIS MONTHLY FEE STATEMENT WERE INCURRED OUTSIDE OF 

PUERTO RICO

 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); (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17-BK-4780-LTS) (Last Four 

Digits of Federal Tax ID: 3747); and (vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy Case No. 19-

BK-5233-LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case numbers are listed as Bankruptcy Case 

numbers due to software limitations).

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 2 of 83
2

Name of Applicant: Proskauer Rose LLP (“Proskauer”)

Authorized to Provide

Professional Services to: Financial Oversight and Management Board, as 

Representative for the Debtor Pursuant to

PROMESA Section 315(b)

Period for which compensation

and reimbursement for fees and services 

is sought: June 1, 2021 through June 30, 2021

Amount of compensation sought

as actual, reasonable and necessary: $2,001.90

Amount of expense reimbursement sought

as actual, reasonable and necessary: $3,220.00

Total Amount for these Invoices: $5,221.90

This is a: X monthly __ interim __ final application.

This is Proskauer’s 51st monthly fee application in these cases.

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 3 of 83
3 

Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for June 2021. 

 _______________________________________

Jaime A. El Koury

General Counsel to the Financial Oversight and

Management Board for Puerto Rico

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 4 of 83
4

On July 28, 2021 sent to:

FOMB: Co-Counsel for AAFAF:

Financial Oversight and Management Board O’Melveny & Myers LLP,

40 Washington Square South Times Square Tower

Office 314A 7 Times Square

New York, NY 10012 New York, NY 10036

Attn: Professor Arthur J. Gonzalez Attn: John J. Rapisardi, Esq.

 FOMB Board Member Suzzanne Uhland, Esq.

 Diana M. Perez, Esq.

O’Neill & Borges LLC

250 Muñoz Rivera Ave., Suite 800 Marini Pietrantoni Muñiz LLC 

San Juan, PR 00918 MCS Plaza, Suite 500

Attn: Hermann D. Bauer, Esq. 255 Ponce de León Ave

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq. 

Office of United States Trustee Carolina Velaz-Rivero, Esq.

Office of the United States Trustee for the District of 

Puerto Rico

Edificio Ochoa, 500 Tanca Street, Suite 301 Co-Counsel for the Official Committee of Retirees:

San Juan, PR 00901 Jenner & Block LLP

(In re: Commonwealth of Puerto Rico) 919 Third Avenue

New York, NY 10022-3908

Office of the United States Trustee for Region 21 Attn.: Robert Gordon, Esq.

75 Spring Street, SW, Room 362 Richard Levin, Esq.

Atlanta, GA 30303

Attn: Guy G. Gebhardt Jenner & Block LLP

 Acting United States Trustee (Region 21) 353 N. Clark Street

(In re: Commonwealth of Puerto Rico) Chicago, IL 60654

Attn.: Catherine Steege, Esq.

 Melissa Root, Esq.

Co-Counsel for the Official Committee of Unsecured 

Creditors:

Paul Hastings LLP Bennazar, García & Milián, C.S.P.

200 Park Avenue Edificio Union Plaza, PH-A 

New York, NY 10166 416 Avenida Ponce de León

Attn: Luc. A. Despins, Esq. Hato Rey, PR 00918

Attn.: A.J. Bennazar-Zequeira, Esq.

Casillas, Santiago & Torres, LLC 

El Caribe Office Building 

53 Palmeras Street, Ste. 1601 Puerto Rico Department of Treasury 

San Juan, Puerto Rico 00901-2419 PO Box 9024140

Attn: Juan J. Casillas Ayala, Esq. San Juan, PR 00902-4140

 Alberto J. E. Añeses Negrón, Esq. Attn: Reylam Guerra Goderich, Deputy Assistant of 

 Central Accounting

 Omar E. Rodríguez Pérez, CPA, Assistant

Co-Counsel for the Fee Examiner Secretary of Central Accounting

Godfrey & Kahn S.C. Angel L. Pantoja Rodríguez, Deputy Assistant of

One East Main Street, Suite 500 Internal Revenue and Tax Policy

Madison, WI 53703 Francisco Parés Alicea, Assistant Secretary of

Attn: Katherine Stadler Internal Revenue and Tax Policy

 Francisco Peña Montañez, CPA, Assistant 

EDGE Legal Strategies, PSC Secretary of the Treasury

252 Ponce de León Avenue

Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 5 of 83
Summary of Legal Fees for the Period June 2021

5

ERS – General

Task 

Code Matter Description Total BilledHours

Total Fees

Requested

206 Documents Filed on Behalf of the Board 0.30 $255.90

218 Employment and Fee Applications 6.00 $1,746.00

Total 6.30 $2,001.90

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 6 of 83
Summary of Legal Fees for the Period June 2021

6

ACROSS ALL ERS-RELATED MATTERS

Professional Position/Title Department Hourly

Billing Rate

Total Billed

Hours

Total

Compensation

Joshua A. Esses Associate BSGR & B $853.00 0.30 $255.90

TOTAL 0.30 $255.90

Paraprofessional Position/Title Department Hourly

Billing Rate

Total Billed

Hours

Total

Compensation

Natasha Petrov Legal Assistant BSGR & B $291.00 6.00 $1,746.00

TOTAL 6.00 $1,746.00

SUMMARY OF LEGAL FEES

Hours

6.30

Fees

$2,001.90

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 7 of 83
Summary of Disbursements for the period June 2021

7

ACROSS ALL ERS-RELATED MATTERS

EXPENSE CATEGORY AMOUNTS

Practice Support Vendors $3,220.00

TOTAL $3,220.00

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 8 of 83
8

Proskauer requests payment of fees and reimbursement of expenses in accordance with the 

procedures set forth in the Interim Compensation Order (i.e., payment of ninety percent (90%) of the 

compensation sought, in the amount of $1,801.71 and reimbursement of one-hundred percent (100%) 

of expenses incurred, in the amount of $3,220.00) in the total amount of $5,021.71.

.

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 9 of 83
9

Professional Certification

I hereby certify that no public servant of the Department of Treasury is a party to or has any 

interest in the gains or benefits derived from the contract that is the basis of this invoice. The only 

consideration for providing services under the contract is the payment agreed upon with the 

authorized representatives of the Financial Oversight and Management Board for Puerto Rico. The 

amount of this invoice is reasonable. The services were rendered and the corresponding payment has 

not been made. To the best of my knowledge, Proskauer Rose LLP does not have any debts owed to 

the Government of Puerto Rico or its instrumentalities.

I further certify that, with respect to the fees and services rendered pursuant to this monthly 

fee statement, (i) Proskauer Rose LLP was not doing business in Puerto Rico and (ii) the services 

rendered by Proskauer Rose LLP were not performed in Puerto Rico.

/s/ Martin J. Bienenstock

Martin J. Bienenstock (pro hac vice)

Proskauer Rose LLP

Eleven Times Square

New York, NY 10036

Tel: (212) 969-3000

Fax: (212) 969-2900

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 10 of 83
Exhibit A

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 11 of 83
Client Name FOMB (33260) Invoice Date 26 Jul 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21051554

Page 1

Task Hours Fees Incurred

206 Documents Filed on Behalf of the Board 0.30 255.90

218 Employment and Fee Applications 6.00 1,746.00

Total Fees 6.30 $ 2,001.90

Task Summary

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 12 of 83
Client Name FOMB (33260) Invoice Date 26 Jul 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21051554

Page 2

Date Timekeeper Task Description Hours Amount

Documents Filed on Behalf of the Board – 206

11 Jun 2021 Esses, Joshua A. 206 Draft objection to claims filed 

against ERS.

0.30 255.90

Documents Filed on Behalf of the Board Sub-Total 0.30 $255.90

Employment and Fee Applications – 218

07 Jun 2021 Petrov, Natasha B. 218 Continue drafting and revising 

Proskauer 11th interim fee 

application (0.80); Continue 

preparing exhibits to same (0.60).

1.40 407.40

09 Jun 2021 Petrov, Natasha B. 218 Continue drafting and revising 

Proskauer 11th interim fee 

application.

1.10 320.10

10 Jun 2021 Petrov, Natasha B. 218 Continue revising Proskauer 11th 

interim fee application.

0.30 87.30

11 Jun 2021 Petrov, Natasha B. 218 Draft notice of filing for Proskauer 

11th interim fee application.

0.30 87.30

17 Jun 2021 Petrov, Natasha B. 218 Review monthly statements for 

Proskauer 12th interim fee 

application (0.60); Perform 

calculations for same (0.60).

1.20 349.20

24 Jun 2021 Petrov, Natasha B. 218 Continue review of monthly 

statements and redacting certain 

entries for Proskauer 11th interim 

fee application.

0.50 145.50

25 Jun 2021 Petrov, Natasha B. 218 Continue review of monthly 

statements for Proskauer 11th fee 

application (0.20); E-mails with M. 

Volin regarding same (0.20).

0.40 116.40

30 Jun 2021 Petrov, Natasha B. 218 Analyze exhibit received from D. 

Brown (0.20); Prepare related 

exhibit to Proskauer 11th interim 

fee application (0.40); Update 

Proskauer 11th interim fee 

application (0.20).

0.80 232.80

Employment and Fee Applications Sub-Total 6.00 $1,746.00

Description of Services Rendered

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 13 of 83
Client Name FOMB (33260) Invoice Date 26 Jul 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21051554

Page 3

Timekeeper Hours Rate Fees Amount

Associate

Esses, Joshua A. 0.30 853.00 255.90

 Total Associate 0.30 $ 255.90

Legal Assistant

Petrov, Natasha B. 6.00 291.00 1,746.00

 Total Legal Assistant 6.00 $ 1,746.00

Professional Fees 6.30 $ 2,001.90

Timekeeper Summary

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 14 of 83
Client Name FOMB (33260) Invoice Date 26 Jul 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21051554

Page 4

Date Timekeeper Description Amount

Practice Support Vendors

08 May 2021 Gardephe, Christopher H. Vendor: Ld Lower Holidngs Inc Invoice#: P0100181405 

Date: 5/8/2021 - eDiscovery vendor services - eDiscovery 

vendor services 

3,220.00

Total Practice Support Vendors 3,220.00

Description of Disbursements

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 15 of 83
Client Name FOMB (33260) Invoice Date 26 Jul 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21051554

Page 5

Disbursements and Other Charges Amount

Practice Support Vendors 3,220.00

Total Disbursements $ 3,220.00

Total Billed $ 5,221.90

Disbursement Summary

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 16 of 83
UNITED STATES DISTRICT COURT

DISTRICT OF PUERTO RICO

-------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO,

 as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al.,

 Debtors. 1

-------------------------------------------------------------x

PROMESA

Title III

No. 17 BK 3283-LTS

(Jointly Administered)

IN RE:

THE FINANCIAL OVERSIGHT AND

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of

THE EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO, 

 Debtor.

-------------------------------------------------------------x

PROMESA

Title III

No. 17 BK 3566-LTS

COVER SHEET TO FIFTY-SECOND MONTHLY FEE APPLICATION OF PROSKAUER 

ROSE LLP AS ATTORNEYS TO THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO, AS REPRESENTATIVE OF DEBTOR, EMPLOYEES 

RETIREMENT SYSTEM (“ERS”) 

FOR THE PERIOD JULY 1, 2021 THROUGH JULY 31, 2021

ALL FEES IN THIS MONTHLY FEE STATEMENT WERE INCURRED OUTSIDE OF 

PUERTO RICO

 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); (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17- BK-4780-LTS) (Last Four 

Digits of Federal Tax ID: 3747); and (vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy Case No. 19-

BK-5233-LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case numbers are listed as Bankruptcy Case 

numbers due to software limitations).

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 17 of 83
2

Name of Applicant: Proskauer Rose LLP (“Proskauer”)

Authorized to Provide

Professional Services to: Financial Oversight and Management Board, as 

Representative for the Debtor Pursuant to

PROMESA Section 315(b)

Period for which compensation

and reimbursement for fees and services 

is sought: July 1, 2021 through July 31, 2021

Amount of compensation sought

as actual, reasonable and necessary: $8,698.40

Amount of expense reimbursement sought

as actual, reasonable and necessary: $5,147.00

Total Amount for these Invoices: $13,845.40

This is a: X monthly __ interim __ final application.

This is Proskauer’s 52nd monthly fee application in these cases.

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 18 of 83
3 

Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for July 2021. 

 _______________________________________ 

 Jaime A. El Koury 

 General Counsel to the Financial Oversight and 

 Management Board for Puerto Rico 

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 19 of 83
4

On August 20, 2021 sent to:

FOMB: Co-Counsel for AAFAF:

Financial Oversight and Management Board O’Melveny & Myers LLP,

40 Washington Square South Times Square Tower

Office 314A 7 Times Square

New York, NY 10012 New York, NY 10036

Attn: Professor Arthur J. Gonzalez Attn: John J. Rapisardi, Esq.

 FOMB Board Member Suzzanne Uhland, Esq.

 Diana M. Perez, Esq.

O’Neill & Borges LLC

250 Muñoz Rivera Ave., Suite 800 Marini Pietrantoni Muñiz LLC 

San Juan, PR 00918 MCS Plaza, Suite 500

Attn: Hermann D. Bauer, Esq. 255 Ponce de León Ave

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq. 

Office of United States Trustee Carolina Velaz-Rivero, Esq.

Office of the United States Trustee for the District of 

Puerto Rico

Edificio Ochoa, 500 Tanca Street, Suite 301 Co-Counsel for the Official Committee of Retirees:

San Juan, PR 00901 Jenner & Block LLP

(In re: Commonwealth of Puerto Rico) 919 Third Avenue

New York, NY 10022-3908

Office of the United States Trustee for Region 21 Attn.: Robert Gordon, Esq.

75 Spring Street, SW, Room 362 Richard Levin, Esq.

Atlanta, GA 30303

Attn: Guy G. Gebhardt Jenner & Block LLP

 Acting United States Trustee (Region 21) 353 N. Clark Street

(In re: Commonwealth of Puerto Rico) Chicago, IL 60654

Attn.: Catherine Steege, Esq.

 Melissa Root, Esq.

Co-Counsel for the Official Committee of Unsecured 

Creditors:

Paul Hastings LLP Bennazar, García & Milián, C.S.P.

200 Park Avenue Edificio Union Plaza, PH-A 

New York, NY 10166 416 Avenida Ponce de León

Attn: Luc. A. Despins, Esq. Hato Rey, PR 00918

Attn.: A.J. Bennazar-Zequeira, Esq.

Casillas, Santiago & Torres, LLC 

El Caribe Office Building 

53 Palmeras Street, Ste. 1601 Puerto Rico Department of Treasury 

San Juan, Puerto Rico 00901-2419 PO Box 9024140

Attn: Juan J. Casillas Ayala, Esq. San Juan, PR 00902-4140

 Alberto J. E. Añeses Negrón, Esq. Attn: Reylam Guerra Goderich, Deputy Assistant of 

 Central Accounting

 Omar E. Rodríguez Pérez, CPA, Assistant

Co-Counsel for the Fee Examiner Secretary of Central Accounting

Godfrey & Kahn S.C. Angel L. Pantoja Rodríguez, Deputy Assistant of

One East Main Street, Suite 500 Internal Revenue and Tax Policy

Madison, WI 53703 Francisco Parés Alicea, Assistant Secretary of

Attn: Katherine Stadler Internal Revenue and Tax Policy

 Francisco Peña Montañez, CPA, Assistant 

EDGE Legal Strategies, PSC Secretary of the Treasury

252 Ponce de León Avenue

Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 20 of 83
Summary of Legal Fees for the Period July 2021

5

ERS – General

Task 

Code Matter Description Total BilledHours

Total Fees

Requested

212 General Administration 1.50 $436.50

218 Employment and Fee Applications 7.90 $2,973.30

Total 9.40 $3,409.80

ERS – Vegabajena

Task 

Code Matter Description Total BilledHours

Total Fees

Requested

210 Analysis and Strategy 6.20 $5,288.60

Total 6.20 $5,288.60

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 21 of 83
Summary of Legal Fees for the Period July 2021

6 

ACROSS ALL ERS-RELATED MATTERS

Professional Position/Title Department Hourly

Billing Rate

Total Billed

Hours

Total

Compensation

Michael A. Firestein Partner Litigation $853.00 4.70 $4,009.10 

Jennifer L. Roche Senior Counsel Litigation $853.00 1.50 $1,279.50 

Megan R. Volin Associate Corporate $853.00 1.20 $1,023.60 

TOTAL 7.40 $6,312.20 

Paraprofessional Position/Title Department Hourly

Billing Rate

Total Billed

Hours

Total

Compensation

Lawrence T. Silvestro Legal Assistant Litigation $291.00 0.40 $116.40 

Natasha Petrov Legal Assistant BSGR & B $291.00 6.70 $1,949.70 

Tal J. Singer Legal Assistant Litigation $291.00 1.10 $320.10 

TOTAL 8.20 $2,386.20 

SUMMARY OF LEGAL FEES Hours

15.60 

Fees 1-1 $8,698.40 - I 

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 22 of 83
Summary of Disbursements for the period July 2021

7

ACROSS ALL ERS-RELATED MATTERS

EXPENSE CATEGORY AMOUNTS

Practice Support Vendors $3,034.50

Transcripts & Depositions $1,742.50

Highq Licensing $370.00

TOTAL $5,147.00

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 23 of 83
8

Proskauer requests payment of fees and reimbursement of expenses in accordance with the 

procedures set forth in the Interim Compensation Order (i.e., payment of ninety percent (90%) of the 

compensation sought, in the amount of $7,828.56 and reimbursement of one-hundred percent (100%) 

of expenses incurred, in the amount of $5,147.00) in the total amount of $12,975.56.

.

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 24 of 83
9

Professional Certification

I hereby certify that no public servant of the Department of Treasury is a party to or has any 

interest in the gains or benefits derived from the contract that is the basis of this invoice. The only 

consideration for providing services under the contract is the payment agreed upon with the 

authorized representatives of the Financial Oversight and Management Board for Puerto Rico. The 

amount of this invoice is reasonable. The services were rendered and the corresponding payment has 

not been made. To the best of my knowledge, Proskauer Rose LLP does not have any debts owed to 

the Government of Puerto Rico or its instrumentalities.

I further certify that, with respect to the fees and services rendered pursuant to this monthly 

fee statement, (i) Proskauer Rose LLP was not doing business in Puerto Rico and (ii) the services 

rendered by Proskauer Rose LLP were not performed in Puerto Rico.

/s/ Martin J. Bienenstock

Martin J. Bienenstock (pro hac vice)

Proskauer Rose LLP

Eleven Times Square

New York, NY 10036

Tel: (212) 969-3000

Fax: (212) 969-2900

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 25 of 83
Exhibit A

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 26 of 83
Client Name FOMB (33260) Invoice Date 19 Aug 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21056980

Page 1 

Task Hours Fees Incurred 

212 General Administration 1.50 436.50

218 Employment and Fee Applications 7.90 2,973.30

Total Fees 9.40 $ 3,409.80 

Task Summary

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 27 of 83
Client Name FOMB (33260) Invoice Date 19 Aug 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21056980

Page 2 

Date Timekeeper Task Description Hours Amount 

General Administration – 212

12 Jul 2021 Silvestro, Lawrence T. 212 Update deposition transcripts files 

(0.40). 

0.40 116.40 

19 Jul 2021 Singer, Tal J. 212 Research regarding ERS 

administrative expense objections 

(0.90); E-mail same to J. Esses 

and J. Peterson (0.20). 

1.10 320.10 

General Administration Sub-Total 1.50 $436.50 

Employment and Fee Applications – 218

13 Jul 2021 Petrov, Natasha B. 218 Revise Proskauer 11th interim fee 

application per M. Volin. 

1.40 407.40 

15 Jul 2021 Petrov, Natasha B. 218 Finalize fee application redactions 

per R. Kim. 

0.70 203.70 

19 Jul 2021 Volin, Megan R. 218 Review and revise draft fee 

application (0.80); Incorporate M. 

Bienenstock comments to fee 

application (0.30). 

1.10 938.30 

20 Jul 2021 Petrov, Natasha B. 218 Further revisions to Proskauer 

11th interim fee application (0.40); 

Revise notice of filing of same 

(0.30); Finalize exhibits in 

preparation for filing (0.80). 

1.50 436.50 

23 Jul 2021 Petrov, Natasha B. 218 Review monthly statements and 

redact certain entries for 12th 

interim fee application. 

1.60 465.60 

27 Jul 2021 Petrov, Natasha B. 218 Revise Proskauer 11th interim fee 

application per E. Barak and M. 

Volin (0.60); Update notice of filing 

of same (0.20). 

0.80 232.80 

28 Jul 2021 Volin, Megan R. 218 Review notice of filing fee 

application. 

0.10 85.30 

28 Jul 2021 Petrov, Natasha B. 218 Additional revisions to Proskauer 

11th interim fee application. 

0.20 58.20 

29 Jul 2021 Petrov, Natasha B. 218 Finalize Proskauer 11th interim 

fee application, exhibits and notice 

in preparation for filing. 

0.50 145.50 

Employment and Fee Applications Sub-Total 7.90 $2,973.30 

Description of Services Rendered 

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 28 of 83
Client Name FOMB (33260) Invoice Date 19 Aug 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21056980

Page 3 

Timekeeper Hours Rate Fees Amount 

Associate 

Volin, Megan R. 1.20 853.00 1,023.60 

 Total Associate 1.20 $ 1,023.60 

Legal Assistant 

Petrov, Natasha B. 6.70 291.00 1,949.70 

Silvestro, Lawrence T. 0.40 291.00 116.40 

Singer, Tal J. 1.10 291.00 320.10 

 Total Legal Assistant 8.20 $ 2,386.20 

Professional Fees 9.40 $ 3,409.80 

Timekeeper Summary

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 29 of 83
Client Name FOMB (33260) Invoice Date 19 Aug 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21056980

Page 4 

Date Timekeeper Description Amount 

High! Licensing 

04 Feb 2020 Kim, Mee (Rina) High! Licensing 185.00 

04 Feb 2020 Kim, Mee (Rina) High! Licensing 185.00 

 Total High! Licensing 370.00 

Transcripts & Depositions 

16 Sep 2020 Pint, Penelope Vendor: Gregory Edwards LLC Invoice#: 119278 Date: 

9/16/2020 - AUGUST 14, 2020 - GE Virtual Deposition 

Deponent: TONY ARGIZ - Videographer - AUGUST 14, 

2020 - GE Virtual Deposition Deponent: TONY ARGIZ - 

Videographer 

1,742.50 

 Total Transcripts & Depositions 1,742.50 

Practice Support Vendors 

06 Jun 2021 Gardephe, Christopher H. Vendor: Ld Lower Holidngs Inc Invoice#: P0100187196 

Date: 6/7/2021 - eDiscovery vendor services - eDiscovery 

vendor services 

3,034.50 

 Total Practice Support Vendors 3,034.50 

Description of Disbursements

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 30 of 83
Client Name FOMB (33260) Invoice Date 19 Aug 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21056980

Page 5 

Disbursements and Other Charges Amount 

HighQ Charges 370.00 

Practice Support Vendors 3,034.50 

Transcripts 1,742.50 

Total Disbursements $ 5,147.00 

Total Billed $ 8,556.80

Disbursement Summary

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 31 of 83
Client Name FOMB (33260) Invoice Date 19 Aug 2021

Matter Name ERS TITLE III - VEGABAJENA (0068) Invoice Number 21057024

Page 1 

Task Hours Fees Incurred 

210 Analysis and Strategy 6.20 5,288.60

Total Fees 6.20 $ 5,288.60 

Task Summary

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 32 of 83
Client Name FOMB (33260) Invoice Date 19 Aug 2021

Matter Name ERS TITLE III - VEGABAJENA (0068) Invoice Number 21057024

Page 2 

Date Timekeeper Task Description Hours Amount 

Analysis and Strategy – 210

15 Jul 2021 Firestein, Michael A. 210 Review and draft e-mail to T. 

Mungovan and P. Possinger on 

case status and review H. Bauer 

e-mail on same (0.20); Review 

motion to dismiss ruling and draft 

multiple memoranda to B. Rosen 

on same (0.50). 

0.70 597.10 

15 Jul 2021 Roche, Jennifer L. 210 Analysis regarding e-mail from 

opposing counsel and briefing 

submitted in case (0.30); E-mails 

with M. Firestein, P. Possinger, 

and L. Stafford regarding same 

(0.20); Conference with M. 

Firestein regarding strategy and 

follow up on counsel's e-mail 

(0.20). 

0.70 597.10 

16 Jul 2021 Firestein, Michael A. 210 Review and draft multiple 

correspondence to B. Rosen, P. 

Possinger, J. Levitan and E. 

Barak on dealing with confirmation 

issues concerning Cooperativas 

(0.50); Draft strategic e-mail to L. 

Stafford on next steps in 

Cooperativas issues (0.30). 

0.80 682.40 

17 Jul 2021 Firestein, Michael A. 210 Review and draft e-mail to T. 

Mungovan on Cooperativa issues 

and plan (0.30); Telephone 

conference with T. Mungovan on 

strategy for Cooperativa issues 

(0.30). 

0.60 511.80 

19 Jul 2021 Firestein, Michael A. 210 Review and draft correspondence 

to Cooperativa’s counsel on 

claims issues (0.20); Review and 

draft multiple correspondence to 

and from O’Melveny on same 

(0.20). 

0.40 341.20 

19 Jul 2021 Roche, Jennifer L. 210 E-mails with AAFAF counsel and 

L. Stafford regarding claim 

objection issue. 

0.10 85.30 

21 Jul 2021 Firestein, Michael A. 210 Review correspondence on meet 

and confer and related review of 

documents to prepare for same 

(0.30). 

0.30 255.90 

22 Jul 2021 Firestein, Michael A. 210 Conference call with O’Melveny 

and Proskauer on strategy for 

Cooperativa’s claim (0.40); 

Review and prepare 

correspondence to L. Stafford on 

claim objection strategy (0.20); 

[CONTINUED] 

1.10 938.30 

Description of Services Rendered 

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 33 of 83
Client Name FOMB (33260) Invoice Date 19 Aug 2021

Matter Name ERS TITLE III - VEGABAJENA (0068) Invoice Number 21057024

Page 3 

Date Timekeeper Task Description Hours Amount 

Review claim objection in light of 

12(b) order (0.30); Telephone 

conference with L. Stafford on 

strategy for further claim objection 

issues (0.20). 

22 Jul 2021 Roche, Jennifer L. 210 Review materials for meeting with 

AAFAF regarding claim objection 

(0.20); Conference with AAFAF 

counsel (0.30). 

0.50 426.50 

26 Jul 2021 Firestein, Michael A. 210 Attend conference call with 

AAFAF, O’Melveny, and 

Proskauer on strategy for 

Cooperativa issues (0.60). 

0.60 511.80 

28 Jul 2021 Firestein, Michael A. 210 Review and draft correspondence 

to L. Stafford on Cooperativa’s 

claim objection strategy (0.20). 

0.20 170.60 

28 Jul 2021 Roche, Jennifer L. 210 E-mails with M. Firestein, L. 

Stafford and team regarding 

response to plaintiffs. 

0.20 170.60 

Analysis and Strategy Sub-Total 6.20 $5,288.60 

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 34 of 83
Client Name FOMB (33260) Invoice Date 19 Aug 2021

Matter Name ERS TITLE III - VEGABAJENA (0068) Invoice Number 21057024

Page 4 

Timekeeper Hours Rate Fees Amount 

Partner

Firestein, Michael A. 4.70 853.00 4,009.10 

 Total Partner 4.70 $ 4,009.10 

Senior Counsel 

Roche, Jennifer L. 1.50 853.00 1,279.50 

 Total Senior Counsel 1.50 $ 1,279.50 

Professional Fees 6.20 $ 5,288.60 

Total Billed $ 5,288.60

Timekeeper Summary

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 35 of 83
UNITED STATES DISTRICT COURT

DISTRICT OF PUERTO RICO

-------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO,

 as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al.,

 Debtors. 1

-------------------------------------------------------------x

PROMESA

Title III

No. 17 BK 3283-LTS

(Jointly Administered)

IN RE:

THE FINANCIAL OVERSIGHT AND

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of

THE EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO, 

 Debtor.

-------------------------------------------------------------x

PROMESA

Title III

No. 17 BK 3566-LTS

COVER SHEET TO FIFTY-THIRD MONTHLY FEE APPLICATION OF PROSKAUER 

ROSE LLP AS ATTORNEYS TO THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO, AS REPRESENTATIVE OF DEBTOR, EMPLOYEES 

RETIREMENT SYSTEM (“ERS”) 

FOR THE PERIOD AUGUST 1, 2021 THROUGH AUGUST 31, 2021

ALL FEES IN THIS MONTHLY FEE STATEMENT WERE INCURRED OUTSIDE OF 

PUERTO RICO

 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); (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17- BK-4780-LTS) (Last Four 

Digits of Federal Tax ID: 3747); and (vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy Case No. 19-

BK-5233-LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case numbers are listed as Bankruptcy Case 

numbers due to software limitations).

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 36 of 83
2

Name of Applicant: Proskauer Rose LLP (“Proskauer”)

Authorized to Provide

Professional Services to: Financial Oversight and Management Board, as 

Representative for the Debtor Pursuant to

PROMESA Section 315(b)

Period for which compensation

and reimbursement for fees and services 

is sought: August 1, 2021 through August 31, 2021

Amount of compensation sought

as actual, reasonable and necessary: $9,924.80

Amount of expense reimbursement sought

as actual, reasonable and necessary: $13,545.38

Total Amount for these Invoices: $23,470.18

This is a: X monthly __ interim __ final application.

This is Proskauer’s 53rd monthly fee application in these cases.

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 37 of 83
3 

Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for August 2021. 

 _______________________________________ 

 Jaime A. El Koury 

 General Counsel to the Financial Oversight and 

 Management Board for Puerto Rico 

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 38 of 83
4

On September 15, 2021 sent to:

FOMB: Co-Counsel for AAFAF:

Financial Oversight and Management Board O’Melveny & Myers LLP,

40 Washington Square South Times Square Tower

Office 314A 7 Times Square

New York, NY 10012 New York, NY 10036

Attn: Professor Arthur J. Gonzalez Attn: John J. Rapisardi, Esq.

 FOMB Board Member Suzzanne Uhland, Esq.

 Diana M. Perez, Esq.

O’Neill & Borges LLC

250 Muñoz Rivera Ave., Suite 800 Marini Pietrantoni Muñiz LLC 

San Juan, PR 00918 MCS Plaza, Suite 500

Attn: Hermann D. Bauer, Esq. 255 Ponce de León Ave

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq. 

Office of United States Trustee Carolina Velaz-Rivero, Esq.

Office of the United States Trustee for the District of 

Puerto Rico

Edificio Ochoa, 500 Tanca Street, Suite 301 Co-Counsel for the Official Committee of Retirees:

San Juan, PR 00901 Jenner & Block LLP

(In re: Commonwealth of Puerto Rico) 919 Third Avenue

New York, NY 10022-3908

Office of the United States Trustee for Region 21 Attn.: Robert Gordon, Esq.

75 Spring Street, SW, Room 362 Richard Levin, Esq.

Atlanta, GA 30303

Attn: Guy G. Gebhardt Jenner & Block LLP

 Acting United States Trustee (Region 21) 353 N. Clark Street

(In re: Commonwealth of Puerto Rico) Chicago, IL 60654

Attn.: Catherine Steege, Esq.

 Melissa Root, Esq.

Co-Counsel for the Official Committee of Unsecured 

Creditors:

Paul Hastings LLP Bennazar, García & Milián, C.S.P.

200 Park Avenue Edificio Union Plaza, PH-A 

New York, NY 10166 416 Avenida Ponce de León

Attn: Luc. A. Despins, Esq. Hato Rey, PR 00918

Attn.: A.J. Bennazar-Zequeira, Esq.

Casillas, Santiago & Torres, LLC 

El Caribe Office Building 

53 Palmeras Street, Ste. 1601 Puerto Rico Department of Treasury 

San Juan, Puerto Rico 00901-2419 PO Box 9024140

Attn: Juan J. Casillas Ayala, Esq. San Juan, PR 00902-4140

 Alberto J. E. Añeses Negrón, Esq. Attn: Reylam Guerra Goderich, Deputy Assistant of 

 Central Accounting

 Omar E. Rodríguez Pérez, CPA, Assistant

Co-Counsel for the Fee Examiner Secretary of Central Accounting

Godfrey & Kahn S.C. Angel L. Pantoja Rodríguez, Deputy Assistant of

One East Main Street, Suite 500 Internal Revenue and Tax Policy

Madison, WI 53703 Francisco Parés Alicea, Assistant Secretary of

Attn: Katherine Stadler Internal Revenue and Tax Policy

 Francisco Peña Montañez, CPA, Assistant 

EDGE Legal Strategies, PSC Secretary of the Treasury

252 Ponce de León Avenue

Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 39 of 83
Summary of Legal Fees for the Period August 2021

5

ERS – General

Task 

Code Matter Description Total BilledHours

Total Fees

Requested

218 Employment and Fee Applications 4.50 $1,309.50

Total 4.50 $1,309.50

ERS – Vegabajena

Task 

Code Matter Description Total BilledHours

Total Fees

Requested

206 Documents Filed on Behalf of the Board 6.20 $5,288.60

210 Analysis and Strategy 3.90 $3,326.70

Total 10.10 $8,615.30

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 40 of 83
Summary of Legal Fees for the Period August 2021

6

ACROSS ALL ERS-RELATED MATTERS

Professional Position/Title Department Hourly

Billing Rate

Total Billed

Hours

Total

Compensation

Jeffrey W. Levitan Partner BSGR & B $853.00 3.90 $3,326.70

Michael A. Firestein Partner Litigation $853.00 2.20 $1,876.60

Steven O. Weise Partner Corporate $853.00 1.50 $1,279.50

Jennifer L. Roche Senior Counsel Litigation $853.00 0.60 $511.80

Laura Stafford Associate Litigation $853.00 1.90 $1,620.70

TOTAL 10.10 $8,615.30

Paraprofessional Position/Title Department Hourly

Billing Rate

Total Billed

Hours

Total

Compensation

Natasha Petrov Legal Assistant BSGR & B $291.00 4.50 $1,309.50

TOTAL 4.50 $1,309.50

SUMMARY OF LEGAL FEES Hours

14.60

Fees

$9,924.80

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 41 of 83
Summary of Disbursements for the period August 2021

7

ACROSS ALL ERS-RELATED MATTERS

EXPENSE CATEGORY AMOUNTS

Practice Support Vendors $6,081.70

Transcripts & Depositions $7,278.68

Highq Licensing $185.00

TOTAL $13,545.38

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 42 of 83
8

Proskauer requests payment of fees and reimbursement of expenses in accordance with the 

procedures set forth in the Interim Compensation Order (i.e., payment of ninety percent (90%) of the 

compensation sought, in the amount of $8,932.32 and reimbursement of one-hundred percent (100%) 

of expenses incurred, in the amount of $13,545.38) in the total amount of $22,477.70.

.

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 43 of 83
9

Professional Certification

I hereby certify that no public servant of the Department of Treasury is a party to or has any 

interest in the gains or benefits derived from the contract that is the basis of this invoice. The only 

consideration for providing services under the contract is the payment agreed upon with the 

authorized representatives of the Financial Oversight and Management Board for Puerto Rico. The 

amount of this invoice is reasonable. The services were rendered and the corresponding payment has 

not been made. To the best of my knowledge, Proskauer Rose LLP does not have any debts owed to 

the Government of Puerto Rico or its instrumentalities.

I further certify that, with respect to the fees and services rendered pursuant to this monthly 

fee statement, (i) Proskauer Rose LLP was not doing business in Puerto Rico and (ii) the services 

rendered by Proskauer Rose LLP were not performed in Puerto Rico.

/s/ Martin J. Bienenstock

Martin J. Bienenstock (pro hac vice)

Proskauer Rose LLP

Eleven Times Square

New York, NY 10036

Tel: (212) 969-3000

Fax: (212) 969-2900

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 44 of 83
Exhibit A

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 45 of 83
Client Name FOMB (33260) Invoice Date 14 Sep 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21062916

Page 1 

Task Hours Fees Incurred 

218 Employment and Fee Applications 4.50 1,309.50

Total Fees 4.50 $ 1,309.50 

Task Summary

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 46 of 83
Client Name FOMB (33260) Invoice Date 14 Sep 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21062916

Page 2 

Date Timekeeper Task Description Hours Amount 

Employment and Fee Applications – 218

13 Aug 2021 Petrov, Natasha B. 218 Review monthly statements for 

Proskauer 12th interim fee 

application (1.20); Perform 

calculations for same (1.30); Draft 

fee application (1.10). 

3.60 1,047.60 

27 Aug 2021 Petrov, Natasha B. 218 Continue drafting Proskauer 12th 

interim fee application. 

0.90 261.90 

Employment and Fee Applications Sub-Total 4.50 $1,309.50 

Description of Services Rendered 

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 47 of 83
Client Name FOMB (33260) Invoice Date 14 Sep 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21062916

Page 3 

Timekeeper Hours Rate Fees Amount 

Legal Assistant 

Petrov, Natasha B. 4.50 291.00 1,309.50 

 Total Legal Assistant 4.50 $ 1,309.50 

Professional Fees 4.50 $ 1,309.50 

Timekeeper Summary

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 48 of 83
Client Name FOMB (33260) Invoice Date 14 Sep 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21062916

Page 4 

Date Timekeeper Description Amount 

High! Licensing 

04 Feb 2020 Kim, Mee (Rina) High! Licensing 185.00 

 Total High! Licensing 185.00 

Transcripts & Depositions 

09 Aug 2021 Pint, Penelope Vendor: Gregory Edwards LLC Invoice#: 119277 Date: 

9/16/2020 - AUGUST 14, 2020 - GE Virtual Deposition 

Deponent: TONY ARGIZ - August 14, 2020 deposition of 

Tony Argiz 

7,278.68 

 Total Transcripts & Depositions 7,278.68 

Practice Support Vendors 

31 Aug 2021 Chernus, Eric R. Vendor: Ld Lower Holidngs Inc Invoice#: P0100196503 

Date: 8/9/2021 - ediscovery services for FOMB - 

ediscovery services for FOMB 

3,041.30 

31 Aug 2021 Chernus, Eric R. Vendor: Ld Lower Holidngs Inc Invoice#: P0100191951 

Date: 7/9/2021 - ediscovery services for FOMB - 

ediscovery services for FOMB 

3,040.40 

 Total Practice Support Vendors 6,081.70 

Description of Disbursements

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 49 of 83
Client Name FOMB (33260) Invoice Date 14 Sep 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21062916

Page 5 

Disbursements and Other Charges Amount 

HighQ Charges 185.00 

Practice Support Vendors 6,081.70 

Transcripts 7,278.68 

Total Disbursements $ 13,545.38 

Total Billed $ 14,854.88

Disbursement Summary

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 50 of 83
Client Name FOMB (33260) Invoice Date 14 Sep 2021

Matter Name ERS TITLE III - VEGABAJENA (0068) Invoice Number 21062915

Page 1 

Task Hours Fees Incurred 

206 Documents Filed on Behalf of the Board 6.20 5,288.60

210 Analysis and Strategy 3.90 3,326.70

Total Fees 10.10 $ 8,615.30 

Task Summary

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 51 of 83
Client Name FOMB (33260) Invoice Date 14 Sep 2021

Matter Name ERS TITLE III - VEGABAJENA (0068) Invoice Number 21062915

Page 2 

Date Timekeeper Task Description Hours Amount 

Documents Filed on Behalf of the Board – 206

16 Aug 2021 Firestein, Michael A. 206 Review bankruptcy revisions to 

and multiple iterations of 

Coopertiva claim objection (0.40); 

Draft and review memorandum to 

P. Possinger and J. Levitan on 

Cooperativa claim objection 

(0.30). 

0.70 597.10 

16 Aug 2021 Levitan, Jeffrey W. 206 Review Cooperativa proof of claim 

(0.30); Revise objection to 

Cooperativa claims (1.40); E-mails 

L. Stafford regarding Cooperativa 

claims (0.50); Review P. 

Possinger comments to objection, 

e-mail P. Possinger (0.30). 

2.50 2,132.50 

16 Aug 2021 Roche, Jennifer L. 206 Review and analyze claim 

objection (0.40); E-mails with L. 

Stafford, M. Firestein and P. 

Possinger regarding objection 

(0.20). 

0.60 511.80 

17 Aug 2021 Firestein, Michael A. 206 Review and draft revised claim 

objection on Cooperativa pension 

claim issues (0.40); Review S. 

Weise edits to claim objection 

under UCC perspective (0.20). 

0.60 511.80 

17 Aug 2021 Levitan, Jeffrey W. 206 Review revised Cooperativa 

objection, e-mail L. Stafford 

(0.40); E-mails with S. Weise 

regarding Cooperativa claim, 

review M. Firestein e-mail, S. 

Weise analysis regarding 

Cooperativa claim (0.50). 

0.90 767.70 

18 Aug 2021 Firestein, Michael A. 206 Draft claim objection regarding 

Cooperativas and memorandum 

to L. Stafford on same (0.40). 

0.40 341.20 

19 Aug 2021 Levitan, Jeffrey W. 206 Review revised Coopertiva 

objection, e-mail L. Stafford. 

0.50 426.50 

Documents Filed on Behalf of the Board Sub-Total 6.20 $5,288.60 

Analysis and Strategy – 210

15 Aug 2021 Firestein, Michael A. 210 Partial review and drafting of 

Cooperativa claim and related 

drafting of memorandum to L. 

Stafford on strategy for same 

(0.50). 

0.50 426.50 

16 Aug 2021 Stafford, Laura 210 E-mails with M. Firestein, P. 

Possinger, J. Levitan, et al. 

regarding Cooperativas claim 

objection (0.60). 

0.60 511.80 

Description of Services Rendered 

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 52 of 83
Client Name FOMB (33260) Invoice Date 14 Sep 2021

Matter Name ERS TITLE III - VEGABAJENA (0068) Invoice Number 21062915

Page 3 

Date Timekeeper Task Description Hours Amount 

17 Aug 2021 Weise, Steven O. 210 Review issues in ERS and 

Cooperativas proofs of claim. 

1.20 1,023.60 

17 Aug 2021 Stafford, Laura 210 E-mails with M. Firestein, J. 

Levitan, S. Weise, et al. regarding 

Cooperativas objections (0.30). 

0.30 255.90 

18 Aug 2021 Weise, Steven O. 210 Review revised objection in ERS 

and Cooperativas proofs of claim. 

0.30 255.90 

18 Aug 2021 Stafford, Laura 210 Review and revise draft 

Cooperativas claim objection 

(0.80). 

0.80 682.40 

18 Aug 2021 Stafford, Laura 210 E-mails with M. Firestein, S. 

Weise, et al. regarding 

Cooperativas claim objections 

(0.20). 

0.20 170.60 

Analysis and Strategy Sub-Total 3.90 $3,326.70 

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 53 of 83
Client Name FOMB (33260) Invoice Date 14 Sep 2021

Matter Name ERS TITLE III - VEGABAJENA (0068) Invoice Number 21062915

Page 4 

Timekeeper Hours Rate Fees Amount 

Partner

Firestein, Michael A. 2.20 853.00 1,876.60 

Levitan, Jeffrey W. 3.90 853.00 3,326.70 

Weise, Steven O. 1.50 853.00 1,279.50 

 Total Partner 7.60 $ 6,482.80 

Senior Counsel 

Roche, Jennifer L. 0.60 853.00 511.80 

 Total Senior Counsel 0.60 $ 511.80 

Associate 

Stafford, Laura 1.90 853.00 1,620.70 

 Total Associate 1.90 $ 1,620.70 

Professional Fees 10.10 $ 8,615.30 

Total Billed $ 8,615.30

Timekeeper Summary

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 54 of 83
UNITED STATES DISTRICT COURT

DISTRICT OF PUERTO RICO

-------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO,

 as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al.,

 Debtors. 1

-------------------------------------------------------------x

PROMESA

Title III

No. 17 BK 3283-LTS

(Jointly Administered)

IN RE:

THE FINANCIAL OVERSIGHT AND

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of

THE EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO, 

 Debtor.

-------------------------------------------------------------x

PROMESA

Title III

No. 17 BK 3566-LTS

COVER SHEET TO FIFTY-FOURTH MONTHLY FEE APPLICATION OF PROSKAUER 

ROSE LLP AS ATTORNEYS TO THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO, AS REPRESENTATIVE OF DEBTOR, EMPLOYEES 

RETIREMENT SYSTEM (“ERS”) 

FOR THE PERIOD SEPTEMBER 1, 2021 THROUGH SEPTEMBER 30, 2021

ALL FEES IN THIS MONTHLY FEE STATEMENT WERE INCURRED OUTSIDE OF 

PUERTO RICO

 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); (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17- BK-4780-LTS) (Last Four 

Digits of Federal Tax ID: 3747); and (vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy Case No. 19-

BK-5233-LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case numbers are listed as Bankruptcy Case 

numbers due to software limitations).

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 55 of 83
2

Name of Applicant: Proskauer Rose LLP (“Proskauer”)

Authorized to Provide

Professional Services to: Financial Oversight and Management Board, as 

Representative for the Debtor Pursuant to

PROMESA Section 315(b)

Period for which compensation

and reimbursement for fees and services 

is sought: September 1, 2021 through September 30, 2021

Amount of compensation sought

as actual, reasonable and necessary: $0.00

Amount of expense reimbursement sought

as actual, reasonable and necessary: $3,045.20

Total Amount for these Invoices: $3,045.20

This is a: X monthly __ interim __ final application.

This is Proskauer’s 54th monthly fee application in these cases.

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 56 of 83
3 

Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for September 2021. 

 _______________________________________ 

 Jaime A. El Koury 

 General Counsel to the Financial Oversight and

 Management Board for Puerto Rico 

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 57 of 83
4

On October 4, 2021 sent to:

FOMB: Co-Counsel for AAFAF:

Financial Oversight and Management Board O’Melveny & Myers LLP,

40 Washington Square South Times Square Tower

Office 314A 7 Times Square

New York, NY 10012 New York, NY 10036

Attn: Professor Arthur J. Gonzalez Attn: John J. Rapisardi, Esq.

 FOMB Board Member Suzzanne Uhland, Esq.

 Diana M. Perez, Esq.

O’Neill & Borges LLC

250 Muñoz Rivera Ave., Suite 800 Marini Pietrantoni Muñiz LLC 

San Juan, PR 00918 MCS Plaza, Suite 500

Attn: Hermann D. Bauer, Esq. 255 Ponce de León Ave

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq. 

Office of United States Trustee Carolina Velaz-Rivero, Esq.

Office of the United States Trustee for the District of 

Puerto Rico

Edificio Ochoa, 500 Tanca Street, Suite 301 Co-Counsel for the Official Committee of Retirees:

San Juan, PR 00901 Jenner & Block LLP

(In re: Commonwealth of Puerto Rico) 919 Third Avenue

New York, NY 10022-3908

Office of the United States Trustee for Region 21 Attn.: Robert Gordon, Esq.

75 Spring Street, SW, Room 362 Richard Levin, Esq.

Atlanta, GA 30303

Attn: Guy G. Gebhardt Jenner & Block LLP

 Acting United States Trustee (Region 21) 353 N. Clark Street

(In re: Commonwealth of Puerto Rico) Chicago, IL 60654

Attn.: Catherine Steege, Esq.

 Melissa Root, Esq.

Co-Counsel for the Official Committee of Unsecured 

Creditors:

Paul Hastings LLP Bennazar, García & Milián, C.S.P.

200 Park Avenue Edificio Union Plaza, PH-A 

New York, NY 10166 416 Avenida Ponce de León

Attn: Luc. A. Despins, Esq. Hato Rey, PR 00918

Attn.: A.J. Bennazar-Zequeira, Esq.

Casillas, Santiago & Torres, LLC 

El Caribe Office Building 

53 Palmeras Street, Ste. 1601 Puerto Rico Department of Treasury 

San Juan, Puerto Rico 00901-2419 PO Box 9024140

Attn: Juan J. Casillas Ayala, Esq. San Juan, PR 00902-4140

 Alberto J. E. Añeses Negrón, Esq. Attn: Reylam Guerra Goderich, Deputy Assistant of 

 Central Accounting

 Omar E. Rodríguez Pérez, CPA, Assistant

Co-Counsel for the Fee Examiner Secretary of Central Accounting

Godfrey & Kahn S.C. Angel L. Pantoja Rodríguez, Deputy Assistant of

One East Main Street, Suite 500 Internal Revenue and Tax Policy

Madison, WI 53703 Francisco Parés Alicea, Assistant Secretary of

Attn: Katherine Stadler Internal Revenue and Tax Policy

 Francisco Peña Montañez, CPA, Assistant 

EDGE Legal Strategies, PSC Secretary of the Treasury

252 Ponce de León Avenue

Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 58 of 83
Summary of Legal Fees for the Period September 2021

5

ERS – General

Task 

Code Matter Description Total BilledHours

Total Fees

Requested

N/A N/A N/A N/A

Total 0.00 $0.00

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 59 of 83
Summary of Legal Fees for the Period September 2021

6

ACROSS ALL ERS-RELATED MATTERS

SUMMARY OF LEGAL FEES Hours

0.00

Fees

$0.00

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 60 of 83
Summary of Disbursements for the period September 2021

7

ACROSS ALL ERS-RELATED MATTERS

EXPENSE CATEGORY AMOUNTS

Practice Support Vendors $3,045.20

TOTAL $3,045.20

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 61 of 83
8

Proskauer requests payment of fees and reimbursement of expenses in accordance with the 

procedures set forth in the Interim Compensation Order (i.e., payment of ninety percent (90%) of the 

compensation sought, in the amount of $0.00 and reimbursement of one-hundred percent (100%) of 

expenses incurred, in the amount of $3,045.20) in the total amount of $3,045.20.

.

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 62 of 83
9

Professional Certification

I hereby certify that no public servant of the Department of Treasury is a party to or has any 

interest in the gains or benefits derived from the contract that is the basis of this invoice. The only 

consideration for providing services under the contract is the payment agreed upon with the 

authorized representatives of the Financial Oversight and Management Board for Puerto Rico. The 

amount of this invoice is reasonable. The services were rendered and the corresponding payment has 

not been made. To the best of my knowledge, Proskauer Rose LLP does not have any debts owed to 

the Government of Puerto Rico or its instrumentalities.

I further certify that, with respect to the fees and services rendered pursuant to this monthly 

fee statement, (i) Proskauer Rose LLP was not doing business in Puerto Rico and (ii) the services 

rendered by Proskauer Rose LLP were not performed in Puerto Rico.

/s/ Martin J. Bienenstock

Martin J. Bienenstock (pro hac vice)

Proskauer Rose LLP

Eleven Times Square

New York, NY 10036

Tel: (212) 969-3000

Fax: (212) 969-2900

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 63 of 83
Exhibit A

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 64 of 83
Proskauer Rose LLP Eleven Times Square, New York, NY 10036-8299 

Payment in USD may be sent by wire or ACH to: 

CitiBank, N.A., 111 Wall Street, New York, NY 10043 

Account NO. 02838341 

ABA NO. 021-000089 

International Swift No. CITIUS33 

Ref Id: 33260.0007 

Federal ID: 13-1840454 

Financial Oversight and Management Board 

Office 314A 

40 Washington Square South 

New York, NY 10012 

Invoice: 21068121 

Invoice Date: 04 Oct 2021 

Client Matter ID: 33260.0007 

Bill transmitted via ebilling system. 

RE: PROMESA TITLE III: ERS 

For legal services rendered for the period ending September 30, 2021 as set forth in this invoice. 

Disbursements Billed $ 3,045.20

Total Due This Invoice $ 3,045.20

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 65 of 83
Client Name FOMB (33260) Invoice Date 04 Oct 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21068121

Page 1 

Date Timekeeper Description Amount 

Practice Support Vendors 

22 Sep 2021 Chernus, Eric R. Vendor: Ld Lower Holidngs Inc Invoice#: P0100200377 

Date: 9/8/2021 - ediscovery services for FOMB - 

ediscovery services for FOMB 

3,045.20 

 Total Practice Support Vendors 3,045.20 

Description of Disbursements

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 66 of 83
Client Name FOMB (33260) Invoice Date 04 Oct 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21068121

Page 2 

Disbursements and Other Charges Amount 

Practice Support Vendors 3,045.20 

Total Disbursements $ 3,045.20 

Total Billed $ 3,045.20

 

Disbursement Summary

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 67 of 83
Proskauer Rose LLP Eleven Times Square, New York, NY 10036-8299 

Payment in USD may be sent by wire or ACH to: 

CitiBank, N.A., 111 Wall Street, New York, NY 10043 

Account NO. 02838341 

ABA NO. 021-000089 

International Swift No. CITIUS33 

Ref Id: 33260.0007 

Remittance Advice 

Federal ID: 13-1840454 

Financial Oversight and Management Board 

Office 314A 

40 Washington Square South 

New York, NY 10012 

Invoice: 21068121 

Invoice Date: 04 Oct 2021 

Client Matter ID: 33260.0007 

Remit To: 

Proskauer Rose LLP

Eleven Times Square

New York, NY 10036-8299

ATTN: Accounts Receivable

Payment in USD may be sent by wire or ACH to: 

CitiBank, N.A., 111 Wall Street, New York, NY 10043 

Account NO. 02838341 

ABA NO. 021-000089 

International Swift No. CITIUS33 

Ref Id: 33260.0007 

Total Due This Invoice $ 3,045.20

 

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 68 of 83
UNITED STATES DISTRICT COURT

DISTRICT OF PUERTO RICO

-------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO,

 as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al.,

 Debtors. 1

-------------------------------------------------------------x

PROMESA

Title III

No. 17 BK 3283-LTS

(Jointly Administered)

IN RE:

THE FINANCIAL OVERSIGHT AND

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of

THE EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO, 

 Debtor.

-------------------------------------------------------------x

PROMESA

Title III

No. 17 BK 3566-LTS

COVER SHEET TO FIFTY-FIFTH MONTHLY FEE APPLICATION OF PROSKAUER 

ROSE LLP AS ATTORNEYS TO THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO, AS REPRESENTATIVE OF DEBTOR, EMPLOYEES 

RETIREMENT SYSTEM (“ERS”) 

FOR THE PERIOD OCTOBER 1, 2021 THROUGH OCTOBER 31, 2021

ALL FEES IN THIS MONTHLY FEE STATEMENT WERE INCURRED OUTSIDE OF 

PUERTO RICO

 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); (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17- BK-4780-LTS) (Last Four 

Digits of Federal Tax ID: 3747); and (vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy Case No. 19-

BK-5233-LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case numbers are listed as Bankruptcy Case 

numbers due to software limitations).

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 69 of 83
2

Name of Applicant: Proskauer Rose LLP (“Proskauer”)

Authorized to Provide

Professional Services to: Financial Oversight and Management Board, as 

Representative for the Debtor Pursuant to

PROMESA Section 315(b)

Period for which compensation

and reimbursement for fees and services 

is sought: October 1, 2021 through October 31, 2021

Amount of compensation sought

as actual, reasonable and necessary: $1,484.10

Amount of expense reimbursement sought

as actual, reasonable and necessary: $4,377.04

Total Amount for these Invoices: $5,861.14

This is a: X monthly __ interim __ final application.

This is Proskauer’s 55th monthly fee application in these cases.

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 70 of 83
3 

Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for October 2021. 

 _______________________________________ 

 Jaime A. El Koury 

 General Counsel to the Financial Oversight and 

 Management Board for Puerto Rico 

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 71 of 83
4

On December 1, 2021 sent to:

FOMB: Co-Counsel for AAFAF:

Financial Oversight and Management Board O’Melveny & Myers LLP,

40 Washington Square South Times Square Tower

Office 314A 7 Times Square

New York, NY 10012 New York, NY 10036

Attn: Professor Arthur J. Gonzalez Attn: John J. Rapisardi, Esq.

 FOMB Board Member Suzzanne Uhland, Esq.

 Diana M. Perez, Esq.

O’Neill & Borges LLC

250 Muñoz Rivera Ave., Suite 800 Marini Pietrantoni Muñiz LLC 

San Juan, PR 00918 MCS Plaza, Suite 500

Attn: Hermann D. Bauer, Esq. 255 Ponce de León Ave

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq. 

Office of United States Trustee Carolina Velaz-Rivero, Esq.

Office of the United States Trustee for the District of 

Puerto Rico

Edificio Ochoa, 500 Tanca Street, Suite 301 Co-Counsel for the Official Committee of Retirees:

San Juan, PR 00901 Jenner & Block LLP

(In re: Commonwealth of Puerto Rico) 919 Third Avenue

New York, NY 10022-3908

Office of the United States Trustee for Region 21 Attn.: Robert Gordon, Esq.

75 Spring Street, SW, Room 362 Richard Levin, Esq.

Atlanta, GA 30303

Attn: Guy G. Gebhardt Jenner & Block LLP

 Acting United States Trustee (Region 21) 353 N. Clark Street

(In re: Commonwealth of Puerto Rico) Chicago, IL 60654

Attn.: Catherine Steege, Esq.

 Melissa Root, Esq.

Co-Counsel for the Official Committee of Unsecured 

Creditors:

Paul Hastings LLP Bennazar, García & Milián, C.S.P.

200 Park Avenue Edificio Union Plaza, PH-A 

New York, NY 10166 416 Avenida Ponce de León

Attn: Luc. A. Despins, Esq. Hato Rey, PR 00918

Attn.: A.J. Bennazar-Zequeira, Esq.

Casillas, Santiago & Torres, LLC 

El Caribe Office Building 

53 Palmeras Street, Ste. 1601 Puerto Rico Department of Treasury 

San Juan, Puerto Rico 00901-2419 PO Box 9024140

Attn: Juan J. Casillas Ayala, Esq. San Juan, PR 00902-4140

 Alberto J. E. Añeses Negrón, Esq. Attn: Reylam Guerra Goderich, Deputy Assistant of 

 Central Accounting

 Omar E. Rodríguez Pérez, CPA, Assistant

Co-Counsel for the Fee Examiner Secretary of Central Accounting

Godfrey & Kahn S.C. Angel L. Pantoja Rodríguez, Deputy Assistant of

One East Main Street, Suite 500 Internal Revenue and Tax Policy

Madison, WI 53703 Francisco Parés Alicea, Assistant Secretary of

Attn: Katherine Stadler Internal Revenue and Tax Policy

 Francisco Peña Montañez, CPA, Assistant 

EDGE Legal Strategies, PSC Secretary of the Treasury

252 Ponce de León Avenue

Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 72 of 83
Summary of Legal Fees for the Period October 2021

5

ERS – General

Task 

Code Matter Description Total BilledHours

Total Fees

Requested

218 Employment and Fee Applications 5.10 $1,484.10

Total 5.10 $1,484.10

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 73 of 83
Summary of Legal Fees for the Period October 2021

6

ACROSS ALL ERS-RELATED MATTERS

Paraprofessional Position/Title Department Hourly

Billing Rate

Total Billed

Hours

Total

Compensation

Natasha Petrov Legal Assistant BSGR & B $291.00 5.10 $1,484.10

TOTAL 5.10 $1,484.10

SUMMARY OF LEGAL FEES Hours

5.10

Fees

$1,484.10

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 74 of 83
Summary of Disbursements for the period October 2021

7

ACROSS ALL ERS-RELATED MATTERS

EXPENSE CATEGORY AMOUNTS

Practice Support Vendors $4,192.04

Highq Licensing $185.00

TOTAL $4,377.04

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 75 of 83
8

Proskauer requests payment of fees and reimbursement of expenses in accordance with the 

procedures set forth in the Interim Compensation Order (i.e., payment of ninety percent (90%) of the 

compensation sought, in the amount of $1,335.69 and reimbursement of one-hundred percent (100%) 

of expenses incurred, in the amount of $4,377.04) in the total amount of $5,712.73.

.

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 76 of 83
9

Professional Certification

I hereby certify that no public servant of the Department of Treasury is a party to or has any 

interest in the gains or benefits derived from the contract that is the basis of this invoice. The only 

consideration for providing services under the contract is the payment agreed upon with the 

authorized representatives of the Financial Oversight and Management Board for Puerto Rico. The 

amount of this invoice is reasonable. The services were rendered and the corresponding payment has 

not been made. To the best of my knowledge, Proskauer Rose LLP does not have any debts owed to 

the Government of Puerto Rico or its instrumentalities.

I further certify that, with respect to the fees and services rendered pursuant to this monthly 

fee statement, (i) Proskauer Rose LLP was not doing business in Puerto Rico and (ii) the services 

rendered by Proskauer Rose LLP were not performed in Puerto Rico.

/s/ Martin J. Bienenstock

Martin J. Bienenstock (pro hac vice)

Proskauer Rose LLP

Eleven Times Square

New York, NY 10036

Tel: (212) 969-3000

Fax: (212) 969-2900

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 77 of 83
Exhibit A

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 78 of 83
Client Name FOMB (33260) Invoice Date 30 Nov 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21076823

Page 1 

Task Hours Fees Incurred 

218 Employment and Fee Applications 5.10 1,484.10

Total Fees 5.10 $ 1,484.10 

Task Summary

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 79 of 83
Client Name FOMB (33260) Invoice Date 30 Nov 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21076823

Page 2 

Date Timekeeper Task Description Hours Amount 

Employment and Fee Applications – 218

03 Oct 2021 Petrov, Natasha B. 218 Review monthly statements for 

narrative for Proskauer 12th 

interim fee application. 

0.50 145.50 

13 Oct 2021 Petrov, Natasha B. 218 Continue drafting Proskauer 12th 

interim fee application. 

1.40 407.40 

14 Oct 2021 Petrov, Natasha B. 218 Review monthly statements for 

certain entries for Proskauer 13th 

interim fee application. 

0.40 116.40 

22 Oct 2021 Petrov, Natasha B. 218 Review data from D. Brown 

(0.10); Draft exhibit to Proskauer 

12th interim fee application (0.40); 

Revise 12th interim fee application 

(0.10). 

0.60 174.60 

28 Oct 2021 Petrov, Natasha B. 218 Analyze monthly statements for 

Proskauer 13th interim fee 

application (0.40); Calculations 

regarding same (1.20); Draft same 

(0.60). 

2.20 640.20 

Employment and Fee Applications Sub-Total 5.10 $1,484.10 

Description of Services Rendered 

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 80 of 83
Client Name FOMB (33260) Invoice Date 30 Nov 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21076823

Page 3 

Timekeeper Hours Rate Fees Amount 

 

Legal Assistant 

Petrov, Natasha B. 5.10 291.00 1,484.10 

 Total Legal Assistant 5.10 $ 1,484.10 

Professional Fees 5.10 $ 1,484.10 

Timekeeper Summary

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 81 of 83
Client Name FOMB (33260) Invoice Date 30 Nov 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21076823

Page 4 

Date Timekeeper Description Amount 

High! Licensing 

04 Feb 2020 Kim, Mee (Rina) High! Licensing 185.00 

 Total High! Licensing 185.00 

Practice Support Vendors 

22 Jan 2020 Gardephe, Christopher H. Vendor: Ld Lower Holidngs Inc; Invoice#: P0100101260; 

Date: 1/22/2020 - relativity hosting. 

1,141.94 

26 Oct 2021 Chernus, Eric R. Vendor: Ld Lower Holidngs Inc Invoice#: P0100205099 

Date: 10/6/2021 - ediscovery Services for FOMB - 

ediscovery Services for FOMB 

3,050.10 

 Total Practice Support Vendors 4,192.04 

Description of Disbursements

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 82 of 83
Client Name FOMB (33260) Invoice Date 30 Nov 2021

Matter Name PROMESA TITLE III: ERS (0007) Invoice Number 21076823

Page 5 

Disbursements and Other Charges Amount 

HighQ Charges 185.00 

Practice Support Vendors 4,192.04 

Total Disbursements $ 4,377.04 

Total Billed $ 5,861.14

 

Disbursement Summary

Case:17-03283-LTS Doc#:23923-2 Filed:03/31/23 Entered:03/31/23 19:32:21 Desc:

Exhibit B Page 83 of 83