Hearing Date: June 6, 2018 at 9:30 a.m. (Atlantic Time) 

Objection Deadline: April 9, 2018 at 4:00 p.m. (Atlantic Time) 

169263.1 

UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF PUERTO RICO 

In re: 

 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

PROMESA 

Title III 

 

as representative of Case No. 17-BK-3283 (LTS) 

THE COMMONWEALTH OF PUERTO RICO, et al., (Jointly Administered) 

Debtors.1 

 

SECOND INTERIM APPLICATION OF KLEE, TUCHIN, BOGDANOFF & 

STERN LLP, IN ITS CAPACITY AS SPECIAL MUNICIPAL BANKRUPTCY 

COUNSEL TO BETTINA M. WHYTE, AS THE COFINA AGENT, FOR 

INTERIM ALLOWANCE OF COMPENSATION FOR SERVICES RENDERED 

AND REIMBURSEMENT OF EXPENSES INCURRED FROM 

OCTOBER 1, 2017 THROUGH JANUARY 31, 2018 

 

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). 

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EXHIBITS 

Exhibit 1 Certification of Jonathan M. Weiss 

Exhibit 2 Compensation by Professional for the Interim Period 

Exhibit 3 Summary of Expenses for the Interim Period 

Exhibit 4 Summary of Time by Billing Category for the Interim Period 

Exhibit 4-A Time and Expense Detail for the October 2017 Fee Statement 

Exhibit 4-B Time and Expense Detail for the November 2017 Fee Statement 

Exhibit 4-C Time and Expense Detail for the December 2017 Fee Statement 

Exhibit 4-D Time and Expense Detail for the January 2018 Fee Statement 

Exhibit 5 Comparable Compensation Disclosures 

Exhibit 6 Budget and Staffing Plans 

Exhibit 7 

Exhibit 8 

List of Professionals By Matter 

Engagement Letter 

 

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169263.1 2 

SUMMARY SHEET TO THE SECOND INTERIM APPLICATION OF KLEE, TUCHIN, 

BOGDANOFF & STERN LLP, IN ITS CAPACITY AS SPECIAL MUNICIPAL 

BANKRUPTCY COUNSEL TO BETTINA M. WHYTE, AS THE COFINA AGENT, FOR 

INTERIM ALLOWANCE OF COMPENSATION FOR SERVICES RENDERED AND 

REIMBURSEMENT OF EXPENSES INCURRED FROM 

OCTOBER 1, 2017 THROUGH JANUARY 31, 2018 

Name of Applicant Klee, Tuchin, Bogdanoff & Stern LLP 

Authorized to Provide Professional Services to Bettina M. Whyte, as COFINA Agent 

Date of Retention August 10, 2017 

Nunc Pro Tunc to July 31, 2017 

Period for which compensation and reimbursement is 

sought 

October 1, 2017 through January 31, 2018 

Amount of interim compensation sought as actual, 

reasonable, and necessary 

$587,025.501 (100% Fees) 

Amount of interim expense reimbursement sought as 

actual, reasonable, and necessary 

$12,994.18 (100% Expenses)

Are your fee or expense totals different from the sum of 

previously-served monthly statements 

No 

Blended rate in this application for all attorneys $999.70

Blended rate in this application for all timekeepers $964.00

Petition date May 5, 2017 for COFINA (as defined below)

Total compensation approved by interim order to date $552,195.152

Total expenses approved by interim order to date $10,198.66 

Total allowed compensation paid to date $881,435.25 (90% fees from 1st Interim plus 

90% fees for Oct-Dec 2017) 

Total allowed expenses paid to date $23,465.83 (100% fees from 1st Interim plus 

100% fees for Oct-Dec 2017) 

 

1

 This does not include $43,431.00 representing 39.70 hours of work that has been written off in the exercise of 

billing discretion and is reflected as “No Charge” on the billing records, and also does not include an additional 

$2,626.00 representing 3.20 hours of work that has been written off in the exercise of billing discretion and does 

not appear on the billing records at all. 2

 The Fee Examiner has reserved rights with respect to an additional $66,578.50. KTB&S similarly reserves its 

rights with respect to the same. 

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Compensation sought in this application already paid 

pursuant to the interim compensation order but not yet 

allowed 

$348,000.75 (90% Fees for 10/1/2017 – 

12/31/2017) (the deadline for payment on 

account of KTB&S’s January fees has not 

yet passed as of the filing of this 

Application).

Expenses sought in this application already paid pursuant 

to the interim compensation order but not yet allowed 

$12,331.95 

(100% Expenses for 10/1/2017 – 

12/31/2017) 

Number of professionals with time included in this 

application 

6 

If applicable, number of professionals in this application 

not included in staffing plans approved by client 

1 

If applicable, difference between fees budgeted and 

compensation sought for this period 

Fees Budgeted: $873,400.00 

Fees Sought: $587,025.50 

Difference: $263,374.50 

Number of professionals billing fewer than 15 hours to the 

case during this period 

1 

Are any timekeeper’s hourly rates higher than those 

charged and approved upon retention? If yes, calculate and 

disclose the total compensation sought in this application 

using the rate originally disclosed in the retention 

application. 

The Application does not include rate 

increases other than ordinary course annual 

step increases. The client was notified at the 

outset of the engagement that, like most of 

its peer law firms, KTB&S adjusts its hourly 

rates periodically, typically on January 1 of 

each year, in the form of step increases in the 

ordinary course on the basis of advancing 

experience, seniority, and promotion of 

KTB&S’s professionals. The client was 

further notified immediately upon 

implementation of the step increases. These 

step increases do not constitute “rate 

increases” as that term is used in the U.S. 

Trustee Guidelines. Notwithstanding the 

foregoing, the total compensation (fees and 

expenses) billed solely at 2017 rates would 

have been $586,120.45. 

This is an interim application. 

The total time expended for monthly and interim fee application preparation for the Interim Fee 

Period is approximately 41.80 hours and the corresponding compensation requested is 

approximately $22,095.00. Notably, time billed to the 0005 (Fee Applications and Retentions) 

category included (i) time expended for fee application preparation, and (ii) time expended for 

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fee-related tasks not relating to fee application preparation, such as analysis and correspondence 

concerning Fee Examiner memoranda, analysis of the Fee Examiner’s motion for an amended 

Interim Compensation Order, and communications with the Commonwealth and AAFAF 

concerning compliance with the Interim Compensation Order and the COFINA Protections 

Order (as defined below). Accordingly, even though the total amount listed in this paragraph is 

necessarily less than the total amount of fees in category 0005, this amount is accurate. 

 

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PRIOR INTERIM FEE APPLICATIONS & ADJUSTMENTS 

Requested Approved 

Date 

[Docket No.] 

Interim Fee 

Period (“IFP”) 

Covered 

Fees Expenses Fees Expenses 

12/18/2017 

Dkt. No. 2099 

07/31/2017 – 

09/30/2017 $592,705.00 $11,133.88 $552,195.153

 $10,198.66

Total fees and expenses approved by interim orders to date: $552,195.15 $10,198.66

PRIOR INTERIM AND/OR MONTHLY FEE PAYMENTS TO DATE 

Requested Paid 

Date 

Payment 

Received 

Interim Fee Application 

[Docket No.] or Monthly Fee 

Statement Paid 

Fees Expenses Fees Expenses 

12/01/17 

First Interim Fee Application 

Dkt No. 2099 $592,705.00 $11,133.88 $533,434.50 $11,133.88

12/26/17 

Monthly Fee Statement 

(October 2017) $146,885.50 $7,106.71 $132,196.95 $7,106.71

01/23/18 

Monthly Fee Statement 

(November 2017) $158,738.50 $4,548.66 $142,864.65 $4,548.66

02/12/18 

Monthly Fee Statement 

(December 2017) $81.043.50 $676.58 $72,939.15 $676.58

Total fees and expenses PAID to date: $881,435.25 $23,465.83

 

3

 See note 2 above. 

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TO THE HONORABLE UNITED STATES DISTRICT COURT JUDGE LAURA 

TAYLOR SWAIN: 

Klee, Tuchin, Bogdanoff & Stern LLP (“KTB&S”), in its capacity as special municipal 

bankruptcy counsel to Bettina M. Whyte, the COFINA Agent (the “COFINA Agent”) in the 

above-captioned Title III cases ( the “Title III Cases”), hereby submits its second interim fee 

application (the “Application”) for an award of interim compensation for professional services 

rendered in the amount of $587,025.50 and reimbursement for actual and necessary expenses in 

connection with such services in the amount of $12,994.18, for the period October 1, 2017 

through January 31, 2018 (the “Interim Period”). KTB&S submits this Application pursuant to 

sections 316 and 317 of the Puerto Rico Oversight, Management, and Economic Stability Act 

(“PROMESA”),1 48 U.S.C. §§ 2176, 2177; sections 105(a) and 503(b) of chapter 11 of the 

United States Code (the “Bankruptcy Code),2 Rule 2016(a) of the Federal Rules of Bankruptcy 

Procedure (the “Bankruptcy Rules”),3 Rule 2016-1 of the Bankruptcy Rules for the United 

States Bankruptcy Court for the District of Puerto Rico (the “Local Rules”),4 the First Amended 

Order Setting Procedures for Interim Compensation and Reimbursement of Expenses of 

Professionals [Dkt. No. 1715] (“Interim Compensation Order”) and the United States 

Trustee’s Guidelines for Reviewing Applications for Compensation and Reimbursement of 

Expenses Filed Under 11 U.S.C. § 330 by Attorneys in Large Chapter 11 Cases Effective as of 

November 1, 2013 (the “UST Guidelines”). In support of its Application for allowance of 

 

1

 PROMESA is codified at 48 U.S.C. §§ 2101–2241. 

2

 Unless otherwise noted, all Bankruptcy Code sections cited in the Application are made applicable to these Title 

III Cases pursuant to section 301(a) of PROMESA. 3

 All Bankruptcy Rules referenced in the Application are made applicable to these Title III Cases pursuant to 

section 310 of PROMESA. 4

 The Local Rules are made applicable to these Title III Cases by the Court’s Order (A) Imposing and Rendering 

Applicable Local Bankruptcy Rules to These Title III Cases, (B) Authorizing Establishment of Certain Notice, 

Case Management, and Administrative Procedures, and (C) Granting Related Relief [Dkt. No. 249]. 

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compensation for professional services rendered and reimbursement of expenses incurred during 

the Interim Period, in its capacity as special municipal bankruptcy counsel to the COFINA 

Agent, KTB&S respectfully represents: 

PRELIMINARY STATEMENT 

1. KTB&S’s services to the COFINA Agent have been substantial, necessary, and 

beneficial to the COFINA Agent and have materially advanced the Commonwealth-COFINA 

Dispute.5

 During the Interim Period, KTB&S worked diligently on behalf of the COFINA 

Agent, including among other things: (i) advancing the Commonwealth-COFINA Dispute, 

including litigating the scope of the dispute and responding to amended complaints filed by the 

Commonwealth Agent; (ii) prosecuting discovery against various third parties with important 

information bearing on the dispute; (iii) participating in the corresponding mediation process, 

including, at the request of the COFINA Agent, preparing mediation memoranda and statements 

in support of the COFINA Agent’s positions; (iv) conducting substantial legal research and 

analysis regarding bankruptcy law and other related topics and preparing and/or editing 

numerous memoranda and pleadings regarding the Commonwealth-COFINA Dispute; 

(v) regularly discussing strategy and key issues in the Commonwealth-COFINA Dispute with the 

COFINA Agent and her other professionals; and (vi) discussing the Commonwealth-COFINA 

Dispute with the stakeholders of COFINA and other constituents in these Title III Cases. 

Throughout the Interim Period, the variety and complexity of the issues involved in these cases 

and the need to address many of those issues on an expedited basis have required KTB&S 

professionals to devote substantial time on a daily basis. 

 

5

 Terms used but not defined herein shall have the meaning ascribed to them in the Stipulation and Order 

Approving Procedure to Resolve Commonwealth-COFINA Dispute (the “Commonwealth-COFINA 

Stipulation”). 

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JURISDICTION AND VENUE 

2. This Court has subject matter jurisdiction over this matter pursuant to section 

306(a) of PROMESA. 

3. Venue is proper pursuant to section 306(a) of PROMESA. 

4. KTB&S makes this Application pursuant to sections 316 and 317 of PROMESA, 

sections 105(a) and 503(b) of the Bankruptcy Code, Bankruptcy Rule 2016, Local Rule 2016-1, 

the Commonwealth-COFINA Stipulation (as defined below), the Interim Compensation Order 

and the UST Guidelines. 

BACKGROUND 

A. General Background 

5. On May 3, 2017, the Commonwealth of Puerto Rico (the “Commonwealth”), by 

and through the Financial Oversight and Management Board for Puerto Rico (the “Oversight 

Board”), as the Commonwealth’s representative pursuant to section 315(b) of PROMESA, filed 

a petition with the Court under title III of PROMESA. 

6. On May 5, 2017, the Puerto Rico Sales Tax Financing Corporation (“COFINA”), 

by and through the Oversight Board, as COFINA’s representative pursuant to section 315(b) of 

PROMESA, filed a petition with the Court under title III of PROMESA. 

7. On May 21, 2017, the Employees Retirement System for the Commonwealth of 

Puerto Rico (“ERS”), by and through the Oversight Board, as ERS’s representative pursuant to 

section 315(b) of PROMESA, filed a petition with the Court under title III of PROMESA. 

8. On July 3, 2017, the Puerto Rico Electric Power Authority (“PREPA”), by and 

through the Oversight Board, as PREPA’s representative pursuant to section 315(b) of 

PROMESA, filed a petition with the Court under title III of PROMESA. 

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9. Through Orders of this Court, the Commonwealth, COFINA, HTA, ERS, and 

PREPA Title III Cases (collectively, the “Title III Cases”) are jointly administered for 

procedural purposes only pursuant to section 304(g) of PROMESA and Bankruptcy Rule 1015. 

[See Dkt. Nos. 242, 537 and 1417.] 

B. KTB&S’s Retention By The COFINA Agent

10. On August 10, 2017, the Court entered the Commonwealth-COFINA Stipulation. 

The Commonwealth-COFINA Stipulation appointed Bettina M. Whyte as the COFINA Agent 

and appointed KTB&S as her special municipal bankruptcy counsel. The CommonwealthCOFINA Stipulation also authorized the applicable Debtor (in KTB&S’s case, COFINA) to 

compensate KTB&S in accordance with KTB&S’s normal hourly rates and reimburse KTB&S 

for the firm’s actual and necessary out-of-pocket expenses incurred, subject to application to this 

Court as set forth herein. The Commonwealth-COFINA Stipulation further provides that the 

Commonwealth must make such payments within fourteen days (14) of receiving notice of 

nonpayment. As set forth more fully below, pursuant to the Interim Compensation Order (as 

defined below), KTB&S has served four monthly fee statements in respect of the Interim Period 

and has been paid 90% of the fees and 100% of the expenses for its October 2017, November 

2017, and December 2017 monthly fee statements. KTB&S has received no payment for its 

January 2018 fee statement. 

C. Appointment of Fee Examiner 

11. On October 6, 2017, the Court entered 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], thereby appointing Brady Williamson to serve as the fee examiner (the 

“Fee Examiner”) in the Title III Cases. 

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SUMMARY OF PROFESSIONAL COMPENSATION 

AND REIMBURSEMENT OF EXPENSES REQUESTED 

12. By this Application and pursuant to sections 316 and 317 of PROMESA, sections 

105(a) and 503(b) of the Bankruptcy Code, Rule 2016(a) of the Bankruptcy Rules and Rule 

2016-1 of the Local Rules, KTB&S requests that this Court authorize interim allowance of 

compensation for professional services rendered and reimbursement of expenses incurred during 

the Interim Period in the amount of $600,019.68 (the “Application Amount”), which includes 

(a) compensation of $587,025.50 in fees for services rendered to COFINA and 

(b) reimbursement of $12,994.18 in actual and necessary expenses in connection with these 

services. As of the date hereof, in respect of the Interim Period, KTB&S has been paid all 

amounts other than $239,686.98, which unpaid amount represents 10% of KTB&S’s fees that 

have been “held back” (the “Holdback”) for the period October 1, 2017 through December 31, 

2017, and 100% of fees and 100% of expenses requested for January 1-31, 2018 (the payment 

deadline for which period has not yet expired as of the filing of this Application). 

PRIOR INTERIM AWARDS AND REQUESTS 

13. On December 18, 2017, KTB&S filed its First Interim Application of Klee, 

Tuchin, Bogdanoff & Stern LLP, in its Capacity as Special Municipal Bankruptcy Counsel to 

Bettina M. Whyte, as the COFINA Agent, for Interim Allowance of Compensation for Services 

Rendered and Reimbursement of Expenses Incurred From July 31, 2017 Through September 30, 

2017 [Dkt. No. 2099] (the “First Interim Application”), by which KTB&S sought allowance of 

fees in the amount of $592,705.00 and expenses in the amount of $11,133.88 in respect of 

services rendered between July 31, 2017 through September 30, 2017 (the “First Interim 

Period”). 

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14. On March 1, 2018, the Fee Examiner filed the Fee Examiner’s Initial Report 

[Dkt. No. 2645] with respect to interim fee applications filed by professionals retained in the 

Title III Cases. KTB&S and the Fee Examiner consensually agreed to a reduction of KTB&S’s 

fees in the amount of $40,509.85 and expenses in the amount of $935.22.6

 

15. The First Interim Application was approved by order of this Court on March 7, 

2018 [Dkt. No. 2685]. KTB&S was paid previously $544,568.38, representing 90% of its 

allowed fees and 100% of its allowed expenses. After applying the $41,445.07 fees and 

expenses reductions, the unpaid balance owed to KTB&S is $17,825.43. 

KTB&S’S FEES AND EXPENSES FOR THE INTERIM PERIOD 

16. KTB&S’s services in the Title III Cases have been substantial, necessary and 

beneficial to the COFINA Agent. Throughout the Interim Period, the variety and complexity of 

the issues involved and the need to address those issues on an expedited basis required KTB&S, 

in the discharge of its professional responsibilities, to devote substantial time on a daily basis. 

17. Specifically, and as further reflected in the subject matter narratives below, 

KTB&S’s requested compensation reflects the requisite time, skill and effort KTB&S expended 

during the Interim Period towards, among other things: (a) continuing to advance these cases to a 

resolution on a dual track of litigation and mediation; (b) negotiating with parties regarding 

numerous discovery requests; (c) contributing to various pleadings on behalf of the COFINA 

Agent in connection with, among other things, the scope of the Commonwealth-COFINA 

Dispute; (d) participating in the advancement of the mediation process; and (e) conducting 

significant research regarding bankruptcy law and other related topics in connection with the 

Commonwealth-COFINA Dispute. 

 

6

 The Fee Examiner has reserved rights with respect to an additional $66,578.50. KTB&S similarly reserves its 

rights with respect to the same. 

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18. KTB&S respectfully submits that its efforts on behalf of the COFINA Agent 

during the Interim Period have been both (i) at the request of the COFINA Agent, and (ii) not 

duplicative of work performed by the COFINA Agent’s other professionals. 

MONTHLY FEE STATEMENTS 

19. The Interim Compensation Order provides, among other things, that professionals 

are required to serve monthly itemized billing statements (the “Monthly Fee Statements”) on 

counsel to the Oversight Board, counsel to AAFAF, the U.S. Trustee, counsel to the Official 

Committee of Unsecured Creditors, counsel to the Official Committee of Retired Employees, 

and the Fee Examiner (collectively, the “Notice Parties”). Upon passage of the objection 

period, if no objections were received, the Debtors were authorized to pay to the professionals 

90% of the fees and 100% of the expenses requested. In addition to the Interim Compensation 

Order authorizing payment, the COFINA Agent received further confirmation of the Debtors’ 

obligation to pay pursuant to the Order Approving COFINA Agent’s Motion Pursuant to 48 

U.S.C. § 2161 and 11 U.S.C. § 105(a) for Order: (I) Confirming that 48 U.S.C. § 2125 Applies to 

COFINA Agent; (II) Confirming Retention of Local Counsel; and (III) Clarifying Payment of 

Fees and Expenses of COFINA Agent and Her Professionals [Dkt. No. 1612] (the “COFINA 

Protections Order”). The COFINA Protections Order directs payment to the COFINA Agent’s 

professionals out of the collateral “purportedly pledged to COFINA bondholders because the 

services of the COFINA Agent (i) serve as adequate protection for the collateral and/or (ii) are 

“reasonable” and “necessary” to protect the collateral pursuant to section 506(c) of the 

Bankruptcy Code, the Agent/Professional Fees shall be paid pursuant to the Interim 

Compensation Order or any other order of the Court. . . .” COFINA Protections Order ¶ 5. 

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20. In compliance with the Interim Compensation Order, KTB&S has submitted 

four (4) Monthly Fee Statements relating to the Interim Period. Payment on account of these 

Monthly Fee Statements was requested as follows: 

(a) Pursuant to the Monthly Fee Statement for the period October 1, 

2017 through October 31, 2017 (the “October Fee Statement”), 

KTB&S requested payment of $139,303.66, representing the total 

of (i) $132,196.95, which is 90% of the fees requested for services 

rendered, plus (ii) $7,106.71, representing 100% of the expenses 

incurred during the period. 

(b) Pursuant to the Monthly Fee Statement for the period November 1, 

2017 through November 30, 2017 (the “November Fee 

Statement”), KTB&S requested payment of $147,413.31, 

representing the total of (i) $142,864.65, which is 90% of the fees 

requested for services rendered, plus (ii) $4,548.66, representing 

100% of the expenses incurred during the period. 

(c) Pursuant to the Monthly Fee Statement for the period December 1, 

2017 through December 31, 2017 (the “December Fee 

Statement”), KTB&S requested payment of $73,615.73, 

representing the total of (i) $72,939.15, which is 90% of the fees 

requested for services rendered, plus (ii) $676.58, representing 

100% of the expenses incurred during the period. 

(d) Pursuant to the Monthly Fee Statement for the period January 1, 

2018 through January 31, 2018 (the “January Fee Statement”), 

KTB&S requested payment of $180,984.43, representing the total 

of (i) $180,322.20 which is 90% of the fees requested for services 

rendered, plus (ii) $662.23, representing 100% of the expenses 

incurred during the period. 

21. Annexed hereto as Exhibit 1 is the Certification of Jonathan M. Weiss pursuant to 

the Local Rules (the “Certification”). 

22. Annexed hereto as Exhibit 2 is a summary sheet listing each attorney and 

paralegal who has worked on these cases during the Interim Period, his or her hourly billing rate 

during the Interim Period, and the amount of KTB&S’s fees attributable to each individual. 

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23. KTB&S also maintains records of all actual and necessary out-of-pocket expenses 

incurred in connection with the rendition of professional services. A schedule setting forth the 

categories of expenses and amounts for which reimbursement is requested for the Interim Period 

is annexed hereto as Exhibit 3. 

24. KTB&S maintains written records of the time expended by its attorneys and its 

paralegal carrying out professional services to the COFINA Agent. Such time records are made 

contemporaneously with the rendition of services by the person rendering such services. 

Annexed hereto as Exhibit 4 is a list of all of the matters for which services were rendered by 

KTB&S during the Interim Period and the aggregate amount of hours and fees expended for each 

of those matters. In addition, in accordance with the UST Guidelines, Exhibit 4 also includes the 

budgeted amount for each matter. 

25. In accordance with the UST Guidelines, KTB&S recorded its services rendered 

and disbursements incurred in different project matters that reasonably could have been expected 

to constitute a substantial portion of the fees sought during any given Interim Period. 

26. No agreement or understanding exists between KTB&S and any other entity for 

the sharing of compensation to be received for services rendered in or in connection with these 

cases. 

27. The fees charged by KTB&S in these Title III cases are billed in accordance with 

its existing billing rates and procedures. 

28. The rates KTB&S charged in these cases are consistent with the rates charged by 

KTB&S to its non-bankruptcy clients. KTB&S’s standard hourly rates are similar to the 

customary compensation charged by comparably-skilled practitioners in comparable nonbankruptcy and bankruptcy cases in a competitive national legal market. Consistent with the 

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UST Guidelines, Exhibit 5 discloses the blended hourly rate for timekeepers who billed to the 

COFINA Agent during the Interim Period. 

SUMMARY OF SERVICES RENDERED 

29. Recitation of each and every item of professional services that KTB&S performed 

during the Interim Period would unduly burden the Court. Hence, the following summary 

highlights the major areas to which KTB&S devoted substantial time and attention during the 

Interim Period. The full breadth of KTB&S’s services are reflected in KTB&S’s time records, 

copies of which are annexed hereto as Exhibits 4(A)-(D). 

A. Litigation/Adversary Proceedings – Billing Code 0001 (Total Hours: 244.30; Total 

Fees: $248,995.50) 

30. This Subject Matter included substantial services during the Interim Period and 

encompasses the litigation of the Commonwealth-COFINA Dispute (as defined in the 

Stipulation), including the litigation of the scope of the Commonwealth-COFINA Dispute as part 

of the COFINA Agent’s Motion Pursuant to 48 U.S.C. § 2161 and 11 U.S.C. § 105(a) for Order: 

(I) Confirming that 48 U.S.C. § 2125 Applies to COFINA Agent; (II) Confirming Retention of 

Local Counsel; and (III) Clarifying Payment of Fees and Expenses of COFINA Agent and Her 

Professionals [Docket No. 1121] (the “Immunity Motion”). At the COFINA Agent’s request, 

KTB&S partner Kenneth N. Klee personally attended the hearing on the Immunity Motion, held 

in New York on October 25. KTB&S also billed time in this Subject Matter to reviewing 

extensive briefing relating to the Immunity Motion and participating in communications with the 

COFINA Agent and the Willkie firm regarding the Immunity Motion. Also in this Subject 

Matter are all matters relating to the scheduling of the litigation of the Commonwealth-COFINA 

Dispute, which schedule was amended in light of Hurricane Maria. Toward the end of October 

2017, time in this Subject Matter included work regarding the Commonwealth Agent’s Amended 

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Complaint [Adv. Docket No. 73] and the drafting of the COFINA Agent’s Amended Answer, 

Defenses, and Counterclaims [Adv. Docket No. 75]. 

31. In the beginning of November 2017, KTB&S analyzed multiple answers and 

counterclaims-in-intervention filed by several parties, including by (without limitation) the 

COFINA Senior Bondholders' Coalition, Ambac Assurance Corporation, the Ad Hoc Group of 

General Obligation Bondholders, National Public Finance Guarantee Corporation, and the Puerto 

Rico Fiscal Agency and Financial Advisory Authority. KTB&S assessed the claims and 

defenses asserted in those pleadings and communicated with the COFINA Agent and co-counsel 

regarding the same. 

32. On November 13, 2017, several motions regarding the scope of the 

Commonwealth-COFINA Dispute ("Scope Motions") were filed. KTB&S spent time analyzing 

the Scope Motions and working on preparation of a response to those Scope Motions, including 

performing legal research regarding bankruptcy and appellate issues implicated by those 

motions. KTB&S also spent time in this category on various issues concerning the schedule for 

the litigation of the Commonwealth-COFINA Dispute. 

33. During December 2017, KTB&S continued its analysis of the Scope Motions 

filed by multiple parties in the litigation of the Commonwealth-COFINA Dispute and assisted in 

the preparation of the COFINA Agent’s response to those motions, which was filed on 

December 4, 2017. KTB&S also analyzed other responses to the Scope Motions and 

communicated with the COFINA Agent and co-counsel regarding strategy in respect of that 

dispute. KTB&S also assessed the Court’s order on the Scope Motions on December 21, 2017 

and analyzed the effect of that order on the litigation of the Commonwealth-COFINA Dispute. 

In January 2017, the Commonwealth Agent twice moved to re-visit the scope of the 

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Commonwealth-COFINA Dispute after the Court’s initial Scope Order was entered on 

December 21, 2017. KTB&S advised the COFINA Agent regarding her strategy in responding 

to this matter. 

34. Services in this Subject Matter also included numerous communications with the 

COFINA Agent and the Willkie firm regarding the COFINA Agent’s strategy in the litigation of 

the Commonwealth-COFINA Dispute, analysis and correspondence with the COFINA Agent 

and co-counsel regarding potential expert witnesses for summary judgment and trial, and 

substantial analysis regarding the subject matter for such experts, including municipal finance 

and principles of accounting for municipal finance. In addition, KTB&S analyzed and revised 

drafts of the COFINA Agent’s brief in support of summary judgment. Furthermore, KTB&S 

assisted in the preparation of the COFINA Agent's answer and counterclaims in respect of the 

Commonwealth Agent's Second Amended Complaint, and analyzed the answers and 

counterclaims filed by several third-party intervenors. 

35. Finally, toward the end of the Interim Period, KTB&S advised the COFINA 

Agent regarding motions seeking to extend deadlines for fact discovery and briefing on summary 

judgment. 

B. Case Administration – Billing Code 0002 (Total Hours: 31.20; Total Fees: 

$28,407.00) 

36. This Subject Matter includes services that do not fall into any of the other 

categories. During the Interim Period, KTB&S billed time in the Case Administration Subject 

Matter in respect of, among other things (i) communications and analysis of pleadings regarding 

scheduling in general in the cases, including in light of Hurricane Irma and Hurricane Maria, 

(ii) analysis of communications and memoranda regarding hearings and other proceedings 

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concerning the Debtors’ financial position, and (iii) analysis of informative motions, orders, and 

other relevant pleadings filed in the Debtors’ cases and related adversary proceedings. 

C. Meetings/Creditor Communications – Billing Code 0003 (Total Hours: 46.10; Total 

Fees: $51,874.00) 

37. This Subject Matter includes meetings and creditor communications. Time billed 

to this Subject Matter during the Interim Period involves numerous teleconferences with the 

COFINA Agent and the other advisors to the COFINA Agent regarding all aspects of the 

Commonwealth-COFINA Dispute, including, but not limited to, litigation and mediation issues 

and strategy. It also includes telephonic meetings with outside parties, including advisors for 

groups of COFINA bondholders, a designated creditor group, certain insurers, and other 

stakeholders regarding all aspects of the Commonwealth-COFINA Dispute, including, but not 

limited to, litigation and mediation issues and strategy. 

D. Mediation/Negotiations – Billing Code 0004 (Total Hours: 79.20; Total Fees: 

$83,820.50) 

38. This Subject Matter includes all time spent on issues involving mediation and 

negotiation of the Commonwealth-COFINA Dispute. In particular, during the beginning of the 

Interim Period, KTB&S, at the request of the COFINA Agent, spent substantial time analyzing a 

multitude of legal questions in preparation for mediation—a task that culminated in a telephonic 

meeting with the COFINA Agent. Thereafter, KTB&S billed time in this Subject Matter to 

communications (with numerous parties, including the COFINA Agent, the Willkie firm, the 

mediators, and outside stakeholders) and analysis of memoranda regarding the schedule for 

mediating the Commonwealth-COFINA Dispute. In addition, the COFINA Agent was required 

to submit a mediation statement, and KTB&S assisted the COFINA Agent in the preparation of 

that statement. 

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39. During November 2017, KTB&S assisted the COFINA Agent, through numerous 

telephonic conferences and analysis of documents, in preparation for a negotiation meeting with 

the Commonwealth Agent. At the express request of the COFINA Agent, KTB&S partner 

Kenneth N. Klee personally attended that meeting, held in New York on November 29, 2017. 

40. Toward the end of the Interim period, KTB&S prepared, at the COFINA Agent’s 

request, a revised presentation regarding risk assessment in preparation for mediation. In 

addition, KTB&S analyzed and revised the COFINA Agent’s initial mediation memorandum as 

requested by the mediators. Finally, KTB&S conferred with the COFINA Agent and the 

COFINA Agent’s other counsel regarding mediation strategy, including an expansion of the 

COFINA Agent’s mediation scope and immunity. 

E. Fee Applications and Retention – Billing Code 0005 (Total Hours: 61.30; Total Fees: 

$37,030.50) 

41. This Subject Matter includes all matters related to the compensation of KTB&S, 

and includes time spent on preparation of fee applications, as well as time spent on matters not 

relating to preparation of fee applications. 

42. Time in this Subject Matter relating to preparation of fee applications includes 

preparation and service of KTBS’s Second Monthly Fee Statement, covering the period from 

September 1, 2017 through September 30, 2017, Third Monthly Fee Statement, covering the 

period from October 1, 2017 through October 31, 2017, Fourth Monthly Fee Statement, covering 

the period from November 1, 2017 through November 30, 2017, and Fifth Monthly Fee 

Statement, covering the period from December 1, 2017 through December 31, 2017. Time in 

this Subject Matter relating to preparation of KTB&S’s First Interim Fee Application, covering 

the period from July 31, 2017 through September 30, 2017. 

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43. Time in this Subject Matter was also incurred on tasks not relating to preparation 

of fee applications. Such time include preparation of numerous notices of no objection (and of 

non-payment) regarding KTB&S’s fees in accordance with the Interim Compensation Order and 

the Court’s Order Approving COFINA Agent’s Motion Pursuant to 48 U.S.C. § 48 U.S.C. § 2161 

and 11 U.S.C. § 105(a) for Order (I) Confirming That 48 U.S.C. § 2125 Applies to COFINA 

Agent; (II) Confirming Retention of Local Counsel; and (III) Clarifying Payment of Fees and 

Expenses of COFINA Agent and Her Professionals [Docket No. 1612], communications with the 

Commonwealth and AAFAF regarding compliance with the COFINA Protections Order, and 

analyzing and corresponding with co-counsel regarding the Urgent Motion of the Fee Examiner 

to Amend the Interim Compensation Order, Etc. [Docket No. 1594].

44. Finally, time in this category not relating to preparation of fee applications 

included analysis and correspondence regarding the fee examiner’s memorandum (received in 

mid-December 2017) regarding fee application review processes, as well as the fee examiner’s 

January 3, 2018 further memorandum regarding fee review processes, and the fee examiner’s 

late-January correspondence regarding confidentiality and a protective order.

F. Fee Application and Retention Objections – Billing Code 0006 (Total Hours: 1.40; 

Total Fees: $1,618.50) 

45. Time billed to this Subject Matter during the Compensation Period was not 

substantial and included fees incurred in connection with objections to the COFINA Agent’s 

decision to retain a financial advisor. 

G. Budget – Billing Code 0007 (Total Hours: 7.10; Total Fees: $5,923.50) 

46. Time billed to this Subject Matter during the Interim Period included fees 

incurred in connection with preparation of budgets for KTB&S’s fees and expenses as special 

municipal bankruptcy counsel to the COFINA Agent (including as requested in the Fee 

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Examiner’s December 2017 memorandum), as well as communication with counsel to AAFAF 

regarding AAFAF’s request to the COFINA Agent to provide additional budgets. 

H. Discovery/Fact Analysis – Billing Code 0008 (Total Hours: 117.50; Total Fees: 

$102,988.50) 

47. This Subject Matter includes analysis and development of facts relevant to the 

COFINA Agent’s pursuit of both litigation and mediation, including the structure, history and 

background of COFINA, and the Fiscal Plan. To that end, KTB&S spent time in this Subject 

Matter in the first half of the Interim Period preparing and serving subpoenas for the production 

of documents on numerous parties in order to obtain documents relevant to the CommonwealthCOFINA Dispute. Notably, in light of the Willkie Farr firm’s conflict on this matter, KTB&S, at 

the request of the COFINA Agent, took primary responsibility for noticing and negotiating 

multiple subpoenas on the COFINA Agent’s behalf, including subpoenas to underwriters, banks, 

and law firms. KTB&S also prepared written correspondence to certain of those recipients. Time 

in this Subject Matter also involved discussions with AAFAF regarding discovery propounded 

by the Commonwealth Agent and the COFINA Agent on AAFAF, as well as analysis and other 

correspondence regarding issues relevant to Puerto Rico sales taxes, the formulation of a new 

Fiscal Plan, the dedicated sales tax fund, and Puerto Rico’s debt.

48. During December 2017, KTB&S spent time in this Subject Matter meeting 

(telephonically) and conferring with recipients of subpoenas for the production of documents, in 

order to obtain documents relevant to the Commonwealth-COFINA Dispute. KTB&S also 

prepared written correspondence to certain of those recipients. Time in this Subject Matter in 

December also involved continued discussions with AAFAF regarding discovery propounded by 

the Commonwealth Agent and the COFINA Agent on AAFAF. KTB&S also spent time in this 

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category preparing and serving discovery requests on certain intervenors in the 

Commonwealth—COFINA Dispute. 

49. During the latter portion of the Interim Period, the Commonwealth Agent noticed 

multiple depositions to take place in the two-week period preceding the (since-extended) close of 

fact discovery, January 26, 2018. KTB&S analyzed those deposition notices and conferred with 

the COFINA Agent and the COFINA Agent’s other counsel regarding those depositions. In 

particular, in light of the Willkie Farr firm’s conflict on the matter, the COFINA Agent expressly 

requested KTB&S to take primary responsibility for the depositions of the three auditor 

depositions noticed by the Commonwealth; namely, Deloitte, KPMG, and RSM. To that end, in 

preparation for such depositions, KTB&S spent substantial time analyzing the unique issues 

relating to municipal finance accounting and reviewing the voluminous document production by 

the foregoing auditors. In addition, KTB&S analyzed numerous written discovery requests and 

responses, including, but not limited to, objections and responses to discovery by the COFINA 

Agent and by certain COFINA and General Obligation bondholders. 

I. Non-Working Travel – Billing Code 0009 (Total Hours: 21.10; Total Fees: 

$26,367.50) 

50. This Subject Matter includes all non-working travel time, only 50% of which is 

billed in accordance with the Local Rules and the Guidelines. During the Interim Period, at the 

request of the COFINA Agent, KTB&S partner Kenneth N. Klee incurred non-working travel 

time while traveling to and from New York City for mediation talks and the hearing on the 

Immunity Motion (in October) and for a meeting between the COFINA Agent and the 

Commonwealth Agent (in November). In addition, during January 2018, at the request of the 

COFINA Agent, KTB&S partner Jonathan M. Weiss incurred non-working travel time while 

traveling to New York City for scheduled COFINA and Commonwealth 30(b)(6) depositions. 

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Because these depositions did not proceed as noticed while Mr. Weiss was in New York City, in 

the exercise of billing discretion, KTB&S has not billed the COFINA Agent at all for Mr. 

Weiss’s return travel to Los Angeles. 

EVALUATING KTB&S’S SERVICES 

51. Section 317 of PROMESA authorizes interim compensation of professionals and 

incorporates the substantive standards of section 316 of PROMESA to govern the Court’s award 

of interim compensation. Section 316 of PROMESA provides that a court may award a 

professional employed by the debtor “reasonable compensation for actual, necessary services 

rendered,” and “reimbursement for actual, necessary expenses.” 48 U.S.C. § 2176(a)(1) and (2). 

Section 316(c) sets forth the criteria for such an award: 

In determining the amount of reasonable compensation to be 

awarded to a professional person, the court shall consider the 

nature, the extent, and the value of such services, taking into 

account all relevant factors including— 

(1) the time spent on such services; 

(2) the rates charged for such services; 

(3) whether the services were necessary to the administration of, or 

beneficial at the time at which the service was rendered to the 

completion of, a case under this chapter; 

(4) whether the services were performed within a reasonable 

amount of time commensurate with the complexity, 

importance, and nature of the problem, issue, or task addressed; 

(5) with respect to a professional person, whether the person is 

board certified or otherwise has demonstrated skill and 

experience in the restructuring field; and 

(6) whether the compensation is reasonable based on the 

customary compensation charged by comparably skilled 

practitioners in cases other than cases under this title or title 11 

of the United States Code. 

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48 U.S.C. § 2176(c). 

52. KTB&S respectfully submits that the services for which it seeks compensation in 

this Application were necessary for and beneficial to the COFINA Agent. KTB&S further 

submits that the services rendered to the COFINA Agent were performed efficiently and 

effectively. Finally, KTB&S submits that the compensation requested herein is reasonable in 

light of the nature, extent and value of such services to the COFINA Agent and those parties 

impacted by her actions and that the compensation requested is based on the customary 

compensation charged by comparably skilled practitioners in cases other than cases under title 

11. 

53. Courts typically employ the “lodestar” approach to calculate awards of attorneys’ 

fees. See New York State Ass’n for Retarded Children, Inc. v. Casey, 711 F.2d 1136, 1140 (2d 

Cir. 1983); In re West End Fin. Advisors, LLC, No. 11-11152, 2012 Bankr. LEXIS 3045, at *11 

(Bankr. S.D.N.Y. July 2, 2012); In re Drexel Burnham Lambert Group, Inc., 133 B.R. 13, 21-22 

(Bankr. S.D.N.Y. 1991) (“In determining the reasonableness of the requested compensation 

under § 330, Bankruptcy Courts now utilize the lodestar method”). “The lodestar amount is 

calculated by multiplying the number of hours reasonably expended by the hourly rate, with the 

‘strong presumption’ that the lodestar product is reasonable under § 330.” Drexel, 133 B.R. at 

22 (citations omitted). 

54. In determining the reasonableness of the services for which compensation is 

sought, the court should note that: 

the appropriate perspective for determining the necessity of the 

activity should be prospective: hours for an activity or project 

should be disallowed only where a Court is convinced it is 

readily apparent that no reasonable attorney should have 

undertaken that activity or project or where the time devoted 

was excessive. 

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Id. at 23; see also In re Cenargo Int’l PLC, 294 B.R. 571, 595-96 (Bankr. S.D.N.Y. 2003) (“The 

Court’s benefit of ‘20/20 hindsight’ should not penalize professionals.”). 

55. Moreover, courts should be mindful that professionals “must make practical 

judgments, often with severe time constraints, on matters of staffing, assignments, coverage of 

hearings and meetings, and a wide variety of similar matters.” Drexel, 133 B.R. at 23. These 

judgments are presumed to be made in good faith. Id. 

KTB&S’S REQUEST FOR INTERIM COMPENSATION 

56. KTB&S submits that its request for interim allowance of compensation is 

reasonable. The services rendered by KTB&S, as highlighted above, required substantial time 

and effort, resulting in substantial progress and success in these cases. The services rendered by 

KTB&S during the Interim Period were performed diligently and efficiently. When possible, 

KTB&S delegated tasks to lower cost attorneys or, to attorneys with specialized expertise in the 

particular task at issue. Although that approach may have required intra-office conferences, the 

net result was enhanced cost efficiency. 

57. During the Interim Period, KTB&S encountered a variety of challenging legal 

issues, often requiring substantial research and the ability to effectively negotiate with both the 

COFINA Agent’s constituents and adversaries. KTB&S brought to bear legal expertise in many 

areas, including bankruptcy law, and, in particular, municipal bankruptcy law. KTB&S 

attorneys have rendered advice with skill and efficiency. 

58. The professional services performed by KTB&S on behalf of the COFINA Agent 

during the Interim Period required an aggregate expenditure of 609.20 hours by KTB&S’s 

attorneys and its paralegal. Of the aggregate time expended by KTB&S during the Interim 

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Period: 575.40 hours were expended by partners and 33.80 hours were expended by its 

paralegal. 

59. KTB&S’s hourly billing rates for attorneys working on these cases ranged from 

$650.00 to $1,475.00. For the Interim Period, allowance of compensation in the amount 

requested will result in a blended hourly billing rate for attorneys of $999.70 and a total blended 

hourly billing rate (including KTB&S’s paralegal) of approximately $964.00. 

60. KTB&S’s hourly rates and fees charged are consistent with the market rate for 

comparable services. As set forth in the Certification, the hourly rates and fees charged by 

KTB&S are the same as those generally charged to, and paid by, KTB&S’s other clients. 

Indeed, unlike fees paid by most KTB&S clients, due to the “holdback” of fees from prior 

Monthly Fee Statements and the delays inherent in the fee review process, the present value of 

the fees paid to KTB&S by the Debtors generally is less than fees paid monthly by other KTB&S 

clients. 

DISCUSSION OF BUDGET AND STAFFING PLAN 

61. In accordance with the UST Guidelines, KTB&S prepared monthly budgets and 

staffing plans covering the Interim Period, copies of which are annexed hereto as part of Exhibit 

6. In compliance with section 6(c) of the UST Guidelines, Exhibit 4 of the Application provides 

a summary of the hours and gross compensation billed by KTB&S during the Interim Period 

compared to the aggregate hours and compensation budgeted for each task code. The budgets 

were provided to and approved by the COFINA Agent. 

62. The estimated amount of fees KTB&S expected to incur during the Interim Period 

was approximately $873,400.00. KTB&S’s fees incurred during the Interim Period were 

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$286,674.50 less than budgeted by KTB&S from the actual fees incurred by KTB&S during the 

Interim Period, after all voluntary deductions taken by KTB&S. 

63. KTB&S provided necessary and beneficial services to the COFINA Agent during 

the course of the Interim Period and took all required actions as and when the need arose. 

KTB&S communicated and worked closely with the COFINA Agent and similarly situated 

constituents throughout the Interim Period related to the complex, myriad issues that arose. 

64. KTB&S respectfully submits that it has successfully endeavored to avoid 

duplication of effort between KTB&S and the COFINA Agent’s other counsel. In general, 

KTB&S undertook tasks with the consent and direction of the COFINA Agent, and with the 

knowledge of the Willkie firm. Merely by way of example, among other things, (i) the research 

conducted by KTB&S and related memoranda prepared by KTB&S concerned different subject 

matter than the research conducted by, and memoranda prepared by, the COFINA Agent’s other 

counsel; (ii) although KTB&S revised and edited pleadings and mediation memoranda prepared 

by the COFINA Agent’s other counsel, KTB&S only initially drafted certain portions of those 

documents as agreed between KTB&S and the COFINA Agent’s other counsel—the firms 

ensured that in no event were both firms initially drafting different versions of any document; 

(iii) the third party subpoenas prepared and served by KTB&S are in respect of different 

recipients than those served by the COFINA Agent’s other counsel—KTB&S and the COFINA 

Agent’s other counsel divided the discovery tasks at the COFINA Agent’s other counsel’s 

request and with the approval of the COFINA Agent; (iv) work undertaken in connection with 

depositions noticed by the Commonwealth Agent of certain auditors (Deloitte, KPMG, and 

RSM) was performed by KTB&S (at the express request of the COFINA Agent) in light of the 

Willkie Farr firm’s conflict on that matter. 

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65. There were, of course, certain tasks necessarily requiring time by both KTB&S 

and Willkie Farr. For example, the COFINA Agent specifically requested that KTB&S partner 

Kenneth Klee attend certain Court hearings and in-person meetings, despite the Willkie firm’s 

presence at those events; however, KTB&S submits that its presence at those events was as a 

substantive participant (not as an observer), and that it staffed those matters exceedingly leanly, 

by sending only one attorney to any out-of-office meeting or hearing. Similarly, KTB&S, as 

well as Willkie, participated in weekly calls with the COFINA Agent, and in teleconferences 

with other participants. This participation was at the request of the COFINA Agent, was 

substantive (not as an observer) and, in light of KTB&S’s expertise in municipal bankruptcy and 

finance matters, was not duplicative of the participation of any other firm. 

66. KTB&S further respectfully submits that the COFINA Agent was provided with 

KTB&S’s monthly invoices for her review and has expressed no objection to those invoices. 

DISBURSEMENTS 

67. KTB&S incurred actual and necessary out-of-pocket expenses during the Interim 

Period, in the amounts set forth in Exhibit 3. By this Application, KTB&S respectfully requests 

allowance of such reimbursement in full. 

68. The disbursements for which KTB&S seeks reimbursement include the following: 

(a) Telephone – KTB&S does not charge for long distance telephone 

calls, but does bill for the use of teleconferencing services; 

(b) Online Research – KTB&S’s practice is to bill clients for LEXIS 

and Westlaw research at actual cost, which does not include 

amortization for maintenance and equipment. During the Interim 

Period, KTB&S incurred legal research costs in relation to its 

research of numerous municipal bankruptcy issues in preparation 

of mediation memoranda and risk charts to (and as requested by) 

the COFINA Agent, in connection with researching bankruptcy 

issues relating to the COFINA Agent’s amended answers to the 

Commonwealth Agent’s complaints, bankruptcy appellate rights 

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available to the COFINA Agent, and in connection with legal 

strategy regarding prosecution of third party subpoenas. 

(c) Parking – KTB&S’s practice is to charge for airport parking fees at 

actual cost. 

(d) Delivery Services/Messengers – KTB&S’s practice is to charge 

overnight delivery and courier services at actual cost. During the 

Interim Period, delivery charges include, but are not be limited to, 

(i) monthly delivery services for KTB&S’s fee applications, as 

required by the Interim Compensation Order, and (ii) during 

October 2017, charges from an attorney delivery service for the 

service of subpoenas on numerous third parties from the 

production of documents. 

(e) Travel – KTB&S’s practice is to charge lodging, airfare, and 

transportation at actual cost to the client. Events requiring travel 

that have led to travel expenses for the Interim Period include 

travel for scheduled meetings, Court hearings, and depositions, as 

more fully described in the “Non-Working Travel” section herein. 

PROCEDURE 

69. In accordance with the Interim Compensation Order, KTB&S has provided: 

(a) notice and copies of the Application to the Notice Parties and (b) notice of this Application to 

all parties that have requested notice pursuant to Bankruptcy Rule 2002.7 KTB&S submits that 

no other or further notice is required. 

70. No previous application for the relief sought herein has been made to this or any 

other court. 

CONCLUSION 

WHEREFORE, KTB&S respectfully requests that this Court enter an order: 

(a) allowing interim approval of compensation to KTB&S for services 

rendered from October 1, 2017 through January 31, 2018, inclusive, in the 

amount of $587,025.50; 

 

7

 Copies of the Application, including exhibits, are available on the Debtors’ claims and noticing agents’ website: 

https://cases.primeclerk.com/puertorico. 

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169263.1 28 

(b) allowing interim approval of reimbursement to KTB&S of actual, 

necessary expenses incurred in connection with the rendition of such 

services from October 1, 2017 through January 31, 2018, inclusive, in the 

amount of $12,994.18;

(c) approving and directing the payment of all fees and expenses incurred by 

KTB&S that remain unpaid, including all Holdbacks; and 

(d) such other relief as may be just or proper. 

 

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Dated: March 19, 2018 

 Los Angeles, California 

Respectfully submitted, 

By: /s/ Nilda M. Navarro-Cabrer 

Respectfully submitted, 

By: /s/ _______________________ 

Nilda M. Navarro-Cabrer 

(USDC – PR No. 201212) 

NAVARRO-CABRER LAW 

OFFICES 

El Centro I, Suite 206 

500 Muñoz Rivera Avenue 

San Juan, Puerto Rico 00918 

Telephone: (787) 764-9595 

Facsimile: (787) 765-7575 

Email: navarro@navarrolawpr.com 

Local Counsel to the COFINA Agent 

Kenneth N. Klee (pro hac vice) 

Daniel J. Bussel (pro hac vice) 

Jonathan M. Weiss (pro hac vice) 

KLEE, TUCHIN, BOGDANOFF & STERN LLP 

1999 Avenue of the Stars, 39th Floor 

Los Angeles, California 90067 

Telephone: (310) 407-4000 

Facsimile: (310) 407-9090 

Email: kklee@ktbslaw.com 

dbussel@ktbslaw.com 

jweiss@ktbslaw.com 

Special Municipal Bankruptcy Counsel to the 

COFINA Agent

Dated: March 19, 2018 

 New York, New York 

Respectfully submitted, 

By: /s/ Matthew A. Feldman 

Matthew A. Feldman (pro hac vice) 

Joseph G. Minias (pro hac vice) 

Antonio Yanez, Jr. (pro hac vice) 

Martin L. Seidel (pro hac vice) 

WILLKIE FARR & GALLAGHER LLP 

787 Seventh Avenue 

New York, New York 10019 

Telephone: (212) 728-8000 

Facsimile: (212) 728-8111 

Email: mfeldman@willkie.com 

jminias@willkie.com 

ayanez@willkie.com 

mseidel@willkie.com 

Counsel to the COFINA Agent 

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EXHIBIT 1 

CERTIFICATION OF JONATHAN M. WEISS

 

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UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF PUERTO RICO 

In re: 

 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

PROMESA 

Title III 

 

as representative of Case No. 17-BK-3283 (LTS) 

THE COMMONWEALTH OF PUERTO RICO, et al., (Jointly Administered) 

Debtors.1 

 

CERTIFICATION OF JONATHAN M. WEISS PURSUANT TO 

LOCAL BANKRUPTCY RULE 2016-1(a)(4) REGARDING CERTIFICATION OF 

APPLICATIONS FOR COMPENSATION IN PUERTO RICO BANKRUPTCY CASES 

I, Jonathan M. Weiss, Esq., certify as follows: 

1. I am a partner of the firm of Klee, Tuchin, Bogdanoff & Stern LLP (“KTB&S”). 

KTB&S is special municipal bankruptcy counsel to Bettina M. Whyte, the COFINA Agent (the 

“COFINA Agent”) in the above-captioned cases. 

2. I submit this certification in conjunction with KTB&S’s second interim 

application (the “Application”)2 for allowance of fees and reimbursement of expenses for the 

period October 1, 2017 through January 31, 2018 (the “Interim Period”) in accordance with 

Rule 2016-1(a)(4) of the Local Bankruptcy Rules for the District of Puerto Rico, the Bankruptcy 

Rules, the Bankruptcy Code, the Guidelines for Reviewing Applications for Compensation and 

 

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). 

2

 Capitalized terms used but not otherwise defined herein have the meaning ascribed to them in the Application. 

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Reimbursement of Expenses Filed Under 11 U.S.C. § 330 by Attorneys in Larger Chapter 11 

Cases (the “UST Guidelines”) and the Interim Compensation Order (collectively, the 

“Guidelines”). 

3. I am the professional designated by KTB&S with the responsibility for KTB&S’s 

compliance in these cases with the Guidelines. This certification is made in connection with the 

Application for interim allowance of compensation for professional services and reimbursement 

of expenses for the Interim Period in accordance with the Guidelines. 

4. Pursuant to Local Rule 2016-1(a)(4) of the Local Rules: (a) I have read 

KTB&S’s Application; (b) to the best of my knowledge, information, and belief, formed after 

reasonable inquiry (except as stated herein or in the Application), the fees and disbursements 

sought in the Application conform to the Bankruptcy Code, the Federal Rules of Bankruptcy 

Procedure, the Guidelines and the Local Rules; (c) the fees and disbursements sought in this 

Application are billed at or below the rates and in accordance with practices customarily 

employed by KTB&S and generally accepted by its clients; and (d) the compensation and 

reimbursement of expenses sought in this Application are billed at rates no less favorable to the 

COFINA Agent than those customarily employed by KTB&S. 

5. The COFINA Agent has been provided copies of KTB&S’s monthly invoices that 

form the basis for the Application and has not objected to the amounts requested therein. In 

addition, Monthly Fee Statements were provided to the Notice Parties as required by the Interim 

Compensation Order and no objections were received. 

6. A copy of the daily time records for each of the Monthly Fee Statements, broken 

down by matter and listing the name of the attorney and paralegal, the date on which the services 

were performed, and the amount of time spent in performing the services has previously been 

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provided to the Notice Parties. The time records set forth in reasonable detail the services 

rendered by KTB&S in these cases. 

7. Included in Exhibit 4 of the Application is a list of the different matter headings 

under which time was recorded during the Interim Period. The list includes all discrete matters 

within these cases during the Interim Period that reasonably could have been expected to 

constitute a substantial portion of the fees sought during any given Interim Period. 

8. No agreement or understanding exists between KTB&S and any person for a 

division of compensation or reimbursement received or to be received herein or in connection 

with these cases. 

9. KTB&S has sought to keep its fees and expenses at a reasonable level and to 

utilize professional services and incur expenses only as necessary to competently represent the 

COFINA Agent. In addition, KTB&S only traveled in these cases at the express direction of the 

COFINA Agent. 

10. KTB&S respectfully submits that it has endeavored to avoid duplication of effort 

between KTB&S and the COFINA Agent’s other counsel. In general, KTB&S undertook tasks 

with the consent and direction of the COFINA Agent and with the knowledge of the Willkie 

firm. Merely by way of example, among other things, (i) the research conducted by KTB&S and 

related memoranda prepared by KTB&S concerned different subject matter than the research 

conducted by, and memoranda prepared by, the COFINA Agent’s other counsel; (ii) although 

KTB&S revised and edited pleadings and mediation memoranda prepared by the COFINA 

Agent’s other counsel, KTB&S only initially drafted certain portions of those documents as 

agreed between KTB&S and the COFINA Agent’s other counsel—the firms ensured that in no 

event were both firms initially drafting different versions of any document; (iii) the third party 

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subpoenas prepared and served by KTB&S are in respect of different recipients than those served 

by the COFINA Agent’s other counsel—KTB&S and the COFINA Agent’s other counsel 

divided the discovery tasks at the COFINA Agent’s other counsel’s request and with the 

approval of the COFINA Agent; (iv) work undertaken in connection with depositions noticed by 

the Commonwealth Agent of certain auditors (Deloitte, KPMG, and RSM) was performed by 

KTB&S (at the express request of the COFINA Agent) in light of the Willkie Farr firm’s conflict 

on that matter. 

11. There were, of course, certain tasks necessarily requiring time by both KTB&S 

and Willkie Farr. For example, the COFINA Agent specifically requested that KTB&S partner 

Kenneth Klee attend certain Court hearings and in-person meetings, despite the Willkie firm’s 

presence at those events; however, KTB&S submits that its presence at those events was as a 

substantive participant (not as an observer), and that it endeavored to staff those matters 

exceedingly leanly, by sending only one attorney to any out-of-office meeting or hearing. By 

way of another example, KTB&S, as well as Willkie, participated in weekly calls with the 

COFINA Agent, and in teleconferences with other participants. This participation was at the 

request of the COFINA Agent, was substantive (not as an observer) and, in light of KTB&S’s 

expertise in municipal bankruptcy and finance matters, was not duplicative of the participation of 

any other firm. 

12. The following is provided in response to the request for additional information set 

forth in Section C.5 of the UST Guidelines. 

Question: Did you agree to any variations from, or alternatives to, your standard 

or customary billing rates, fees or terms for services pertaining to this engagement 

that were provided during the Interim Period? 

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Response: No, KTB&S did not vary its standard or customary billing rates, fees 

or terms for services pertaining to this engagement. 

Question: If the fees sought in this fee application as compared to the fees 

budgeted for the time period covered by this fee application are higher by 10% or 

more, did you discuss the reasons for the variation with the client? 

Response: KTB&S did not exceed its budget during the Interim Period. 

Question: Have any of the professionals included in this fee application varied 

their hourly rate based on the geographic location of the bankruptcy case? 

Response: No, KTB&S did not vary its hourly rates based on the geographic 

location of the bankruptcy cases. 

Question: Does the fee application include time or fees related to reviewing or 

revising time records or preparing, reviewing, or revising invoices? (This is 

limited to work involved in preparing and editing billed records that would not be 

compensable outside of bankruptcy and does not include reasonable fees for 

preparing a fee application.) If so, please quantify by hours and fees. 

Response: No time has been independently billed to preparing, reviewing, or 

revising invoices. Of KTB&S’s time billed in preparing fee applications, only 2.1 

hours ($1,365.00) included time spent analyzing invoices in connection with 

preparing those fee statements (i.e., to prepare the substance of the narrative 

section of such statements), during which time certain revisions were identified. 

Question: Does this fee application include time or fees for reviewing time 

records to redact any privileged or other confidential information? 

Response: No. 

 

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Question: Does this fee application include rate increases since retention? 

Response: The Application includes step increases in rates since retention. The 

client was notified at the outset of the engagement that, like most of its peer law 

firms, KTB&S adjusts its hourly rates periodically, typically on January 1 of each 

year, in the form of step increases in the ordinary course on the basis of advancing 

experience, seniority, and promotion of KTB&S’s professionals. These step 

increases do not constitute “rate increases” as that term is used in the U.S. Trustee 

Guidelines. 

I declare under penalty of perjury that the foregoing is true and correct. Executed this 19th day of 

March 2018 at Los Angeles, California. 

__________________________

Jonathan M. Weiss 

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169263.1 

EXHIBIT 2 

COMPENSATION BY PROFESSIONAL FOR THE INTERIM PERIOD 

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COMPENSATION BY PROFESSIONAL 

Name Department Bar 

Admin 

Date 

Position Hourly 

Rate 

Hours 

Billed 

No 

Charge 

Hours 

Fees 

Billed 

PARTNERS 

Klee, Kenneth N. (2017) 

Corporate 

Restructuring 01/07/75 Partner $1,400.00 105.70 16.80 $147,980.00

Klee, Kenneth N. (2018) 

Corporate 

Restructuring 01/07/75 Partner $1,475.00 45.30 0.20 $66,817.50

Bussel, Daniel J. (2017) 

Corporate 

Restructuring 12/11/85 Partner $1,195.00 42.80 4.10 $53,286.00

Bussel, Daniel J. (2018) 

Corporate 

Restructuring 12/11/85 Partner $1,245.00 81.20 $97,034.00

Fidler, David A. (2017) 

Corporate 

Restructuring 06/02/98 Partner $980.00 0.50 0.20 $490.00

Pfister, Robert J. (2017) Litigation 01/10/06 Partner $925.00 8.80 $8,140.00

Pfister, Robert J. (2018) Litigation 01/10/06 Partner $995.00 17.10 $17,014.50

Weiss, Jonathan M. (2017) 

Corporate 

Restructuring 12/14/11 Partner $650.00 189.10 1.10 $122,915.00

Weiss, Jonathan M. (2018) 

Corporate 

Restructuring 12/14/11 Partner $725.00 84.90 13.20 $61,552.50

PARALEGAL 

Pearson, Shanda D. (2017) 

Corporate 

Restructuring N/A Paralegal $345.00 29.30 3.40 $10,108.50

Pearson, Shanda D. (2018) 

Corporate 

Restructuring N/A Paralegal $375.00 4.50 0.70 $1,687.50

TOTAL: 609.20 39.70 $587,025.50

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EXHIBIT 3 

SUMMARY OF EXPENSES FOR THE INTERIM PERIOD

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SUMMARY OF EXPENSES 

Disbursement Amount 

Delivery Services/Messengers $4,693.25 

Online Research $299.97 

Parking $155.11 

Telephone $48.03 

Travel $7,797.82 

TOTAL: $12,994.18 

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EXHIBIT 4 

SUMMARY OF TIME BY BILLING CATEGORY 

FOR THE INTERIM PERIOD

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SUMMARY OF TIME BY BILLING CATEGORY 

Service Category Hours 

Billed 

Fees 

Billed 

Hours 

Budgeted 

Fees 

Budgeted 

0001 – Litigation/Adversary Proceedings 244.30 $248,995.50 305.00 $320,000.00

0002 – Case Administration 31.20 $28,407.00 55.00 $53,000.00

0003 – Meetings/Creditor Communications 46.10 $51,874.00 55.00 $52,000.00

0004 – Mediation/Negotiations 79.20 $83,820.50 163.00 $178,000.00

0005 – Fee Application and Retention 61.30 $37,030.50 48.00 $33,000.00

0006 – Fee Application and Retention Objections 1.40 $1,618.50 5.00 $6,000.00

0007 – Budget 7.10 $5,923.50 10.00 $7,000.00

0008 – Discovery/Fact Analysis 117.50 $102,988.50 180.00 $165,000.00

0009 – Non-Working Travel 21.10 $26,367.50 91.00 $59,400.00

TOTAL: 609.20 $587,025.50 912.00 $873,400.00

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EXHIBIT 4-A 

TIME AND EXPENSE DETAIL FOR OCTOBER 2017 

FEE STATEMENT

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November 07, 2017

Bettina Whyte, as Agent for Corporacion

del Fondo de Interes Apremiante (COFINA)

Bill No. 16102

KLEE, TUCHIN, BOGDANOFF & STERN LLP

1999 Avenue of the Stars

Thirty-Ninth Floor

Los Angeles, California 90067

Telephone: (310) 407-4000

Facsimile: (310) 407-9090

Taxpayer I.D. No. 95-4744518

In Reference To:

For Services Rendered Through 10/31/2017

File No.: 2291-0000

Costs and Disbursements

Telephone

Telephone Conference Service $27.02

$27.02

Delivery services/messengers

Attorney Service Delivery to Areluis Capital Management on

09/20/17

$309.25

Attorney Service Delivery to Barclays Capital on 09/20/17 $309.25

Attorney Service Delivery to Bank of America on 09/20/17 $55.25

Attorney Service Delivery to CitiGroup Global Markets Inc. on

09/20/17

$309.25

Attorney Service Delivery to Goldman Sachs & Co on 09/20/17 $309.25

Attorney Service Delivery to Hawkins Delafield & Woods LLP on

09/20/17

$309.25

Attorney Service Delivery to J.P. Morgan Securities Inc. on 09/20/17 $309.25

Attorney Service Delivery to Monarch Alternative Capital LP on

09/20/17

$309.25

Attorney Service Delivery to Senator Investment Group on 09/20/17 $309.25

Attorney Service Delivery to Wells Fargo Securities on 09/20/17 $309.25

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0000

COFINA - Bettina Whyte as Agent Page 2

Bill # 16102

Attorney Service Delivery to USPO on 09/20/17 $86.50

FedEx to Bettina Whyte on 09/11/17 $16.36

FedEx to M. Bienenstock and E. Barak at Proskauer Rose LLP on

09/15/17

$19.97

FedEx to Paul V. Possinger at Proskauer Rose LLP on 09/15/17 $19.25

FedEx to J. Rapisardi, S. Uhland at O'Melveny & Myers LLP on

09/15/17

$16.36

FedEx to Luc A. Despins at Paul Hastings LLP on 09/15/17 $19.97

FedEx to R. Gordon R. Levin at Jenner & Block LLP on 09/15/17 $19.97

Fedex to C. Steege, M. Root at Jenner & Block LLP on 09/15/17 $15.74

FedEx to Bettina Whyte on 09/15/17 $21.17

FedEx to Bettina Whyte at Bettina Whyte Consultants LLC on

09/29/17

$21.17

FedEx to Bettina Whyte on 10/04/17 $21.12

FedEx to Matthew Feldman at Willkie Farr & Gallagher LLP on

10/04/17

$16.32

FedEx to Joseph Minias at Willkie Farr & Gallagher LLP on

10/04/17

$16.32

FedEx to Antonio Yanez at Willkie Farr & Gallagher LLP on

10/04/17

$16.32

Federal Express 10/18/2017 A.J. Bennarzar-Zequeira from KTBS $88.20

Federal Express 10/18/2017 H. Bauer from KTBS $88.20

Federal Express 10/18/2017 E. Ochoa, Trustee from KTBS $88.20

Federal Express 10/18/2017 J. Casillas Ayala from KTBS $88.20

$3,517.84

Travel

Transportation from airport on 09/11/17 for K. Klee $124.00

Transportation to airport on 09/14/17 for K. Klee $106.00

Airfare LAX to JFK 10/25/2017 for Hearing - K. Klee $1,587.00

Airfare JFK to LAX 10/27/2017 for hearing - K. Klee $1,587.00

10/27/2017 K. Klee Car to Airport re: NY Hearing $50.00

$3,454.00

Parking

Parking on 10/27/17 for K. Klee $107.85

$107.85

Total Costs and Disbursements $7,106.71

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0000

COFINA - Bettina Whyte as Agent Page 3

Bill # 16102

In Reference To: Litigation/Adversary Proceedings

For Services Rendered Through 10/31/2017

File No.: 2291-0001

Professional Services

Date Init Description Hours Amount

10/2/2017 KNK Analyze correspondence from D. Bussel and D. Forman re

revisions to COFINA agent reply to objections re immunity

0.20 $280.00

DJB Review UCC supplemental brief re participation 0.10 $119.50

JMW Analyze Committee pleadings re right to intervene 0.10 $65.00

10/4/2017 KNK Analyze pleadings re draft reply re immunity motion 0.10 $140.00

KNK Analyze pleadings re AFAFF motion to extend stay 0.10 $140.00

10/5/2017 DJB Analyze BNYM interpleader informative motion (scheduling) 0.10 $119.50

10/6/2017 KNK Analyze pleadings re AAFAF objeciton re immunity 0.20 $280.00

KNK Prepare correspondence to B. Whyte re AAFAF objection 0.10 $140.00

10/9/2017 KNK Revise revised draft reply re immunity motion; emails 0.60 $840.00

KNK Analyze correspondence from D. Bussel re immunity reply;

confer with J. Weiss; reply

0.20 $280.00

KNK Analyze correspondence from J. Dugan re additional revisions

to reply; respond

0.10 $140.00

DJB Confer with J. Dugan re revisions to draft 105 reply 0.30 $358.50

DJB Review K. Klee comments on 105 reply 0.20 $239.00

DJB Email correspondence with J. Dugan re 105 reply 0.20 $239.00

JMW Telephone conference with D. Bussel re immunity issues 0.30 $195.00

RJP Review correspondence re litigation schedule 0.10 $92.50

10/10/2017 KNK Analyze pleadings re Commonwealth agent reply to AAFAF

objection re 105 motion

0.10 $140.00

KNK Analyze pleadings re BNYM reply to AAFAF re payment of

COFINA agent

0.10 $140.00

KNK Confer with D. Bussel and J. Weiss re litigation strategy 0.20 $280.00

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Bill # 16102

Date Init Description Hours Amount

KNK Telephone conference with B. Whyte re litigation strategy 0.20 $280.00

KNK Conference call with B. Whyte and M. Feldman re litigation

strategy

0.30 $420.00

KNK Prepare correspondence to M. Feldman re immunity motion 0.10 $140.00

DJB Confer with J. Weiss and K. Klee re litigation strategy 0.20 $239.00

JMW Confer with D. Bussel and K. Klee re litigation strategy 0.20 $130.00

10/11/2017 KNK Analyze pleadings re National joinder re immunity 0.10 $140.00

KNK Conference call with T. Yanez et al re litigation compromise 0.60 $840.00

KNK Analyze pleadings re informative motion Sr. Bonds re

immunity motion

0.20 $280.00

DJB Confer with Willkie re bifurcation proposal 0.60 $717.00

DJB Review Quinn Emmanuel informative motion in support 0.30 $358.50

DJB Review National joinder and related email correspondence re

105 motion

0.20 $239.00

10/13/2017 KNK Analyze pleadings re draft informative motion; confer with B.

Whyte, D. Bussel, reply

0.40 $560.00

DJB Review draft informative motion re ongoing negotiations re

105 motion

0.30 $358.50

DJB Email correspondence with working group re draft

informative motion

0.30 $358.50

DJB Draft and transmit comments to K. Klee re draft informative

motion

0.20 $239.00

DJB Confer with K. Klee re informative motion 0.10 $119.50

DJB Review revised informative motion re 105 negotiations 0.20 $239.00

DJB Review court order re COFINA scheduling and directing

parties to confer

0.10 $119.50

10/15/2017 KNK Analyze pleadings re draft litigation bifurcation stipulation 0.10 $140.00

KNK Analyze correspondence from B. Whyte re litigation

bifurcation stipulation; emails from Willkie; reply

0.20 $280.00

DJB Review draft stipulation re birfurcation 0.60 $717.00

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Bill # 16102

Date Init Description Hours Amount

DJB Prepare comments for KTBS working group re bifurcation

stipulation

0.50 $597.50

DJB Review email correspondence with B. Whyte, K. Klee re

bifurcation stipulation and K. Klee comments

0.40 $478.00

JMW Analyze stipulation re immunity and revisions and exchange

e-mail correspondence with D. Bussel and K. Klee re same

0.80 $520.00

RJP Review D. Bussel correspondence and accompanying markup

of draft stipulation

0.20 $185.00

10/16/2017 KNK Analyze pleadings re revised bifurcation stipulation; emails re

same; reply

0.30 $420.00

DJB Email correspondence with working group re KTBS

comments to bifurcation proposal

0.40 $478.00

DJB Draft and furnish KTBS comments re bifurcation proposal to

Willkie

0.90 $1,075.50

DJB Email correspondence with Willkie re bifurcation proposal 0.20 $239.00

DJB Email correspondence with B. Whyte re bifurcation proposal 0.10 $119.50

JMW Analyze proposed litigation stipulation (two versions) and

edit and confer with K. Klee and D. Bussel re same

1.10 $715.00

JMW Telephone conference with D. Bussel re stipulation for

litigation

0.20 $130.00

RJP Analyze correspondence re draft stipulation to bifurcate

Commonwealth/COFINA adversary proceeding and strategy

with respect to same

0.20 $185.00

10/17/2017 KNK Analyze pleadings re order setting hearing on section 105

motion

0.10 $140.00

KNK Analyze correspondence from T. Yanez et al re hearing on

section 105 motion

0.10 $140.00

KNK Prepare correspondence to B. Whyte re section 105 hearing 0.10 $140.00

KNK Telephone conference with B. Whyte re section 105 hearing 0.20 $280.00

KNK Prepare correspondence to T. Yanez re 10/25 hearing section

105

0.10 $140.00

KNK Revise section 105 stipulation; emails 0.30 $420.00

DJB Email correspondence with N. Navarro, T. Yanez re local

counsel role at 105 hearing

0.10 No Charge

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Date Init Description Hours Amount

DJB Email correspondence with working group re order

scheduling hearing on 105

0.50 $597.50

DJB Review revised bifurcation stipulation 0.40 $478.00

DJB Review draft scheduling order 0.20 $239.00

DJB Email correspondence with working group re bifurcation

stipulation

0.20 $239.00

JMW Telephone conference with C. Koenig re stipulation 0.10 $65.00

JMW Analyze and comment on drafts (several) of informative

scheduling motion and of immunity stipulation and confer re

same

1.00 $650.00

10/18/2017 KNK Analyze pleadings re revised stipulation re Section 105;

comments

0.20 $280.00

DJB Review and comment on informative motion re scheduling 0.20 $239.00

DJB Review scheduling stipulation 0.10 $119.50

JMW Analyze revised schedule for litigation 0.10 $65.00

10/19/2017 KNK Analyze correspondence from R. Holm and S. Kirpalani re

AAFAF sur-reply to COFINA 105 motion

0.10 $140.00

KNK Analyze pleadings re informative motion of Commonwealth

agent re 10/25 hearing

0.10 $140.00

KNK Analyze correspondence from C. Koenig re revised litigation

schedule

0.10 $140.00

KNK Analyze revised joint informative motion re trial schedule for

Commonwealth-COFINA dispute; emails

0.20 $280.00

KNK Telephone conference with S. Pearson re trial notebook for

10/25 hearing on Section 105

0.10 No Charge

DJB Review Commonwealth Agent Informative Motion re 105

motion

0.20 $239.00

DJB Review revised schedule re COFINA-Commonweatlh

Adversary

0.30 $358.50

JMW Work on revised versions of joint informative motion re

scheduling of litigation

0.30 $195.00

10/20/2017 KNK Analyze trial book for 10/25 hearing 0.20 $280.00

KNK Analyze pleadings re revised joint informative motion of

agents re 10/25 hearing

0.10 $140.00

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COFINA - Bettina Whyte as Agent Page 7

Bill # 16102

Date Init Description Hours Amount

KNK Analyze pleadings re informative motions of various parties

re 10/25 hearing

0.20 $280.00

KNK Analyze pleadings re informative motion of COFINA agent;

emails re same; reply to add KTB&S

0.20 $280.00

KNK Analyze summary of Commonwealth-COFINA dispute; email

from B. Whyte re same; reply

0.30 $420.00

KNK Analyze correspondence from T. Yanez and B. Whyte re K.

Klee appearance at 10/25 hearing

0.10 $140.00

DJB Email correspondence with S. Pearson re telephonic

appearance

0.10 No Charge

DJB Review summary of 105 motion (Reorg Research Alert) 0.10 No Charge

DJB Review various pleadings re October 25 hearing calendar 0.30 $358.50

DJB Review COFINA Agent Informative Motion re October 25

appearances

0.10 $119.50

SDP Analyze correspondence from K. Klee re proposed

modifications to dispute schedule; analyze schedule

0.20 $69.00

RJP Review email correspondence from K. Klee re litigation

strategy

0.10 $92.50

10/22/2017 KNK Prepare for 10/25 Section 105 hearing 0.40 $560.00

10/23/2017 KNK Analyze pleadings re AAFAF motion for sur-reply 0.10 $140.00

KNK Analyze correspondence from M. Feldman re AAFAF

sur-reply; emails; reply

0.20 $280.00

KNK Analyze pleadings re AAFAF response to BNYM 0.10 $140.00

DJB Review October 25 Agenda for U.S. Distrcit Court, Puerto

Rico

0.10 No Charge

DJB Review AAFAF surreply motion 0.30 $358.50

DJB Email correspondence with working group re possible

response to AAFAF surreply

0.30 $358.50

DJB Review AAFAF response to senior COFINA informative

motion

0.10 $119.50

10/24/2017 KNK Analyze pleadings re urgent motions of Committee to

intervene

0.20 $280.00

KNK Analyze pleadings re motion of FGIC to stay all litigation;

emails

0.20 $280.00

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COFINA - Bettina Whyte as Agent Page 8

Bill # 16102

Date Init Description Hours Amount

KNK Analyze pleadings re AAFAF's sur-reply to BNYM and

response to COFINA agent

0.10 $140.00

DJB Prepare for 105 hearing 1.30 No Charge

DJB Review press reports re Whitefish 0.50 No Charge

DJB Review urgent motion for stay of litigation (FGIC) 0.20 $239.00

DJB Email correspondence with working group re FGIC motion 0.20 $239.00

JMW Analyze FGIC motion to stay all litigation, exchange e-mail

correspondence with K. Klee and M. Feldman re same

0.50 $325.00

10/25/2017 KNK Prepare for Section 105(a) hearing 0.40 $560.00

KNK Appear at hearing re Section 105 immunity motion and

FEMA emergency funds

4.00 $5,600.00

KNK Telephone conference with B. Whyte re Section 105 hearing

result

0.10 $140.00

KNK Telephone conference with J. Weiss re Section 105 hearing

result

0.10 $140.00

KNK Revise revised immunity order and litigation schedule; reply 0.20 $280.00

DJB Attend October 25 hearings telephonically (105 motion,

scheduling)

3.20 $3,824.00

DJB Review draft order and related email correspondence 0.40 $478.00

JMW Participate (telephonically) in contested hearing re litigation

schedule, scope, immunity, etc.

3.40 $2,210.00

JMW Analyze and comment on orders resulting from hearing 0.40 $260.00

JMW Telephone conference with K. Klee re hearing results 0.10 $65.00

JMW Analyze amended complaint 1.00 $650.00

10/26/2017 KNK Analyze correspondence from B. Whyte re immunity order;

reply

0.10 $140.00

KNK Analyze correspondence from A. Ambeault re immunity order

(articles)

0.10 $140.00

10/27/2017 DJB Review revised schedule for litigation (stipulation) 0.30 $358.50

JMW Analyze draft revised litigation schedule 0.20 $130.00

10/29/2017 KNK Revise amended COFINA agent answer; emails 0.90 $1,260.00

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COFINA - Bettina Whyte as Agent Page 9

Bill # 16102

Date Init Description Hours Amount

KNK Analyze pleadings re amended Commonwealth complaint 0.80 $1,120.00

DJB Email correspondence with working group re amended

answer and counterclaim

0.80 $956.00

JMW Analyze draft amended counterclaims and redline and

research and comment re same

2.50 $1,625.00

10/30/2017 KNK Analyze pleadings re revised answer to amended complaint 0.30 $420.00

KNK Analyze correspondence from C. Keonig re revised immunity

order

0.10 $140.00

JMW Analyze and research re revised amended answers and

counterclaims

1.60 $1,040.00

10/31/2017 KNK Analyze pleadings re joint informative motion re

Commonwealth-COFINA dispute

0.10 $140.00

KNK Analyze pleadings re AAFAF objection to FGIC motion to

stay all litigation

0.10 $140.00

KNK Analyze pleadings re oversight board objection to FGIC

motion to stay litigation

0.10 $140.00

JMW Analyze several responses to FGIC motion re stay 0.30 $195.00

JMW Analyze scheduling order re litigation and correspondence re

same

0.20 $130.00

Professional Services Rendered 48.20 $49,930.00

In Reference To: Case Administration

For Services Rendered Through 10/31/2017

File No.: 2291-0002

Professional Services

Date Init Description Hours Amount

10/2/2017 DJB Review information motion re scheduling (Auerelius) 0.10 $119.50

DJB Review draft replies re 105(a) and Centerbridge and provide

email comments to Willkie

0.60 $717.00

JMW Analyze briefing re schedule on Aurelius motion 0.30 $195.00

10/4/2017 KNK Analyze pleadings re draft reply re Centerview 0.10 $140.00

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COFINA - Bettina Whyte as Agent Page 10

Bill # 16102

Date Init Description Hours Amount

DJB Review final draft replies and confirm no objection 0.30 $358.50

DJB Email correspondence with working group re update call

(rescheduled)

0.10 No Charge

JMW Analyze debtors urgent motion re extension of deadlines 0.10 $65.00

JMW Analyze revised replies re Centerview, fees, and immunity

issues

0.50 $325.00

JMW Exchange e-mail correspondence with K. Chopra re COFINA

bonds trading

0.10 $65.00

10/5/2017 DJB Email correspondence with N. Navarro re court reopening

date

0.10 $119.50

DJB Confer with N. Navarro re case status 0.30 $358.50

10/6/2017 KNK Analyze pleadings re AAFAF objection re Centerview 0.20 $280.00

DJB Review AAFAF objections to 105/Centerview motions 0.60 $717.00

DJB Email correspondence with Willkie working group re

responses to AAFAF objections

0.30 $358.50

DJB Review court order re Maria, court closures and email

correspondence with N. Navarro re same

0.20 $239.00

10/7/2017 JMW Analyze AAFAF objection to immunity and related

correspondence

0.40 $260.00

10/9/2017 KNK Analyze correspondence from Judge Delgado-Colon re

reopening of Court

0.10 $140.00

KNK Analyze revised draft reply re Centerview retention 0.20 $280.00

DJB Review draft replies re 105/Centerview 0.80 $956.00

DJB Furnish comments on draft replies 0.60 $717.00

DJB Email correspondence with working group re D. Bussel

comments to 105 reply

0.10 No Charge

DJB Email correspondence with N. Navarro re court

opening/deadlines

0.10 $119.50

JMW Analyze latest drafts and edit replies in support of immunity

and other case administration issues

1.20 $780.00

JMW In connection with revisions to replies, review objections re

same, review stipulation, complaints, and other pleadings

related to revisions

1.30 $845.00

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COFINA - Bettina Whyte as Agent Page 11

Bill # 16102

Date Init Description Hours Amount

JMW Analyze press release re court re-opening 0.10 $65.00

10/10/2017 JMW Analyze FEMA document from AAFAF 0.10 $65.00

JMW Analyze numerous replies in support of and against motion

for immunity, including from BNYM and Commonwealth

Agent

1.00 $650.00

JMW Analyze as-filed versions of replies re immunity and

Centerview

0.20 $130.00

10/11/2017 JMW Analyze senior COFINA coalition statement in support of

immunity motion

0.20 $130.00

10/15/2017 DJB Review urgent motion re Federal Disaster Relief Funds 0.30 $358.50

JMW Analyze motion re proposed revised schedule 0.20 $130.00

JMW Analyze court order re scheduling 0.10 $65.00

JMW Analyze National joinder to statement in support 0.10 $65.00

JMW Analyze motion re disaster relief funds and proposed order 0.30 $195.00

10/16/2017 JMW Exchange e-mail correspondence with A. Ambreault and C.

Koenig re deadlines in light of hurricanes

0.20 $130.00

JMW Exchange e-mail correspondence with B. Whyte re immunity

motion

0.20 $130.00

10/17/2017 SDP Exchange e-mail correspondence with J. Weiss re 10/25

hearing

0.20 No Charge

SDP Set up telephonic appearances for D. Bussel and J. Weiss re

10/25 hearing

0.20 No Charge

JMW Analyze order re immunity motion hearing 0.10 $65.00

10/18/2017 KNK Analyze pleadings re Order Denying Centerview Retention

without Prejudice; reply

0.30 $420.00

DJB Review court order denying Centerview retention without

prejudice

0.30 $358.50

DJB Email correspondence with working group re Centerview

retention denial

0.30 $358.50

JMW Analyze Centerview retention order and analyze/communicate

with K. Klee

0.40 $260.00

10/19/2017 DJB Review informative motions re appearances at 10/25 hearing 0.20 $239.00

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COFINA - Bettina Whyte as Agent Page 12

Bill # 16102

Date Init Description Hours Amount

DJB Review filings re urgent motion re FEMA funds 0.70 $836.50

JMW Analyze informative motions re 10.25 hearing (several) 0.20 $130.00

10/20/2017 DJB Review various parties' informative motions re October 25

calendar

0.10 $119.50

DJB Review informative motions of COFINA Agent re October 25

calendar

0.10 $119.50

JMW Work on informative motion re 10/25 hearing 0.20 $130.00

10/23/2017 JMW Analyze various AAFAF replies re immunity and related

issues

0.50 $325.00

JMW Analyze omnibus reply re disaster relief funds 0.10 $65.00

10/26/2017 DJB Revise senior COFINA 2019 statement 0.20 $239.00

JMW Analyze senior COFINA holders 2019 statement 0.10 $65.00

10/30/2017 KNK Analyze pleadings re informative motion re scheduling 0.10 $140.00

DJB Review and comment on informative motion/revised schedule 0.50 $597.50

DJB Email correspondence with J. Weiss re comments to

informative motion (scheduling order)

0.10 $119.50

DJB Email correspondence with working group re revisions to

amended answer/counterclaim

0.10 $119.50

DJB Confer with J. Weiss re case status/fee examiner motion 0.30 $358.50

JMW Analyze and comment on draft orders from 10/25 hearing and

resulting informative motion, including correspondence with

D. Bussel and K. Klee re same

1.10 $715.00

10/31/2017 SDP Update master service list 0.10 No Charge

Professional Services Rendered 18.20 $16,049.00

In Reference To: Meetings/Creditor Communications

For Services Rendered Through 10/31/2017

File No.: 2291-0003

Professional Services

Date Init Description Hours Amount

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COFINA - Bettina Whyte as Agent Page 13

Bill # 16102

Date Init Description Hours Amount

10/4/2017 JMW Exchange e-mail correspondence with working group re

moratorium and weekly call

0.20 $130.00

10/9/2017 DAF Call with Silver Rock re senior bonds 0.20 No Charge

DJB Email correspondence with working group re bondholder

support re 105

0.10 $119.50

JMW Call with Silver Rock re case and COFINA bonds 0.20 $130.00

10/11/2017 KNK Telephone conference with K. John Shaffer re litigation 0.10 $140.00

KNK Analyze correspondence from T. Yanez re meeting; email 0.10 No Charge

KNK Telephone conference with M. Goldstein re immunity motion 0.20 $280.00

KNK Conference call with B. Whyte, M. Feldman et al re COFINA

litigation strategy

0.60 $840.00

KNK Analyze correspondence from C. Koenig re update from

working group

0.10 $140.00

KNK Analyze correspondence from M. Feldman re AAFAF

position

0.10 $140.00

KNK Conference call with creditor working group 0.60 $840.00

DJB Review creditor working group update report 0.20 $239.00

DJB Weekly coordination call, bifurcation issues 0.50 $597.50

JMW Telephone conference with T. Yanez and Willkie team re

proposed stipulation

0.60 $390.00

JMW Telephone conference with creditor group re case status 0.60 $390.00

JMW Telephone conference with weekly call 0.50 $325.00

JMW Analyze correspondence from C. Koenig re creditor group

call

0.10 $65.00

10/13/2017 KNK Conference call with B. Whyte, M. Feldman et al re 105

motion and scheduling

0.40 $560.00

KNK Telephone conference with B. Whyte re litigation strategy and

immunity

0.10 $140.00

KNK Analyze correspondence from J. Gana re creditor group

meetings

0.10 $140.00

10/16/2017 KNK Conference call with B. Whyte, T. Yanez et al re revised

bifurcation stipulation

0.70 $980.00

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COFINA - Bettina Whyte as Agent Page 14

Bill # 16102

Date Init Description Hours Amount

KNK Telephone conference with B. Whyte re bifurcation

stipulation

0.10 $140.00

DJB Telephone conference with B. Whyte and Willkie re

bifurcation proposal

0.70 $836.50

JMW Call with B. Whyte and Willkie re proposed litigation

stipulation

0.70 $455.00

10/17/2017 KNK Analyze correspondence from C. Koenig re summary of CR

group call

0.10 $140.00

DJB Creditor working group update (review) 0.10 $119.50

10/18/2017 KNK Conference call with B. Whyte, T. Yanez, et al. re Section

105 stipulation and October 25 hearing

0.20 $280.00

JMW Weekly call with B. Whyte and Willkie 0.20 $130.00

10/19/2017 KNK Telephone conference with B. Whyte re 10/25 hearing 0.10 $140.00

KNK Analyze correspondence from S. Kirpalani re approach to

AAFAF

0.10 $140.00

10/23/2017 KNK Analyze correspondence from C. Song re DIP financing

proposal of COFINA senior bond contributions

0.10 $140.00

KNK Telephone conference with B. Whyte re DIP financing

proposal of COFINA senior bond contributions

0.30 $420.00

10/25/2017 KNK Conference call with T. Yanez, B. Whyte et al re immunity

order and litigation schedule

0.20 $280.00

DJB Confer with working group re results of hearing 0.50 $597.50

JMW Weekly call with client, Willkie re case issues 0.20 $130.00

Professional Services Rendered 9.90 $10,534.50

In Reference To: Mediation/Negotiations

For Services Rendered Through 10/31/2017

File No.: 2291-0004

Professional Services

Date Init Description Hours Amount

10/2/2017 KNK Confer with J. Weiss re risk assessment meeting 0.10 $140.00

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COFINA - Bettina Whyte as Agent Page 15

Bill # 16102

Date Init Description Hours Amount

DJB Email correspondence with N. Navarro re mediation risk

analysis

0.10 $119.50

DJB Confer with J. Weiss re mediation risk analysis 0.50 $597.50

DJB Review media reports re tax collection / government

operations status and related email correspondence with

working group

0.20 $239.00

JMW Telephone conference with D. Bussel re risk assessment chart 0.30 $195.00

JMW Prepare for risk assessment call with B. Whyte 0.60 $390.00

JMW Exchange e-mail correspondence with I. Rivera re risk

assessment call

0.10 $65.00

10/3/2017 KNK Prepare for risk assessment meeting with D. Bussel and J.

Weiss

0.30 $420.00

KNK Confer with D. Bussel and J. Weiss re risk assessment 0.80 $1,120.00

KNK Telephone conference with B. Whyte re risk assessment and

settlement

0.10 $140.00

KNK Analyze revised risk assessment charts and summary 0.20 $280.00

KNK Prepare for meeting with B. Whyte et al re risk assessment

and settlement

0.60 $840.00

DJB Confer with N. Navarro re mediation risk analysis 0.50 $597.50

DJB Confer with K. Klee and J. Weiss re mediation risk

assessment

0.70 $836.50

DJB Review revised charts re mediation 0.40 $478.00

DJB Email correspondence with KTBS working group re charts 0.30 $358.50

SDP Revise flow chart analyses re Commonwealth theories for

mediation preparation

0.20 $69.00

SDP Analyze correspondence from J. Weiss re revised risk

assessment analysis

0.10 $34.50

JMW Confer with K. Klee and D. Bussel re risk probability analysis 0.80 $520.00

JMW Prepare for presentation to B. Whyte re risk probability and

legal analysis on bankruptcy / commercial / constitutional

causes of action asserted by L. Despins

6.50 $4,225.00

JMW Telephone conference with D. Bussel and N. Navarro re

Puerto Rico law issues

0.40 $260.00

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COFINA - Bettina Whyte as Agent Page 16

Bill # 16102

Date Init Description Hours Amount

10/4/2017 KNK Prepare for risk assessment meeting with B. Whyte 0.30 $420.00

KNK Conference call with B. Whyte, J. Weiss and D. Bussel re risk

assessment/settlement

1.50 $2,100.00

KNK Telephone conference with T. Yanez, J. Minias, J. Weiss re

charts

0.10 $140.00

KNK Telephone conference with B. Whyte re risk charts 0.10 $140.00

DJB Confer with B. Whyte and KTBS working group re chart

analysis

1.00 $1,195.00

DJB Prepare for meeting with B. Whyte (review charts) 0.80 $956.00

DJB Email correspondence with working group re market reactions

to Maria

0.20 $239.00

DJB Email correspondence with N. Navarro re contracts clause 0.30 $358.50

SDP Serve risk assessment charts and summary 0.50 $172.50

SDP Revise flow chart analyses re Commonwealth theories for

mediation preparation

0.50 $172.50

JMW Telephone conference with B. Whyte and K. Klee and D.

Bussel re risk probability analysis

1.50 $975.00

JMW Telephone conference with T. Yanez and J. Minias and K.

Klee re risk probability analysis

0.10 $65.00

JMW Prepare for call with B. Whyte re risk analysis and legal

issues

2.80 $1,820.00

JMW Revise risk slides 0.70 $455.00

10/5/2017 KNK Confer with D. Bussel re mediation strategy 0.20 $280.00

KNK Conference call with B. Whyte and M. Feldman re mediation

and settlement

0.30 $420.00

DJB Confer with Willkie and B. Whyte re mediation and litigation

update

0.30 $358.50

DJB Confer with C. Koenig re charts 0.10 $119.50

DJB Confer with K. Klee re mediation strategy 0.20 $239.00

DJB Confer with S. Pearson re charts 0.10 $119.50

10/6/2017 KNK Conference call with M. Feldman, D. Bussel et al re risk

assessment charts

0.60 $840.00

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COFINA - Bettina Whyte as Agent Page 17

Bill # 16102

Date Init Description Hours Amount

KNK Prepare correspondence to M. Feldman et al re charts 0.10 $140.00

KNK Analyze correspondence from M. Feldman re stay of

mediation

0.10 $140.00

DJB Telephone conference with working group re mediation

analysis

1.10 $1,314.50

DJB Prepare revised mediation charts 0.60 $717.00

DJB Email correspondence with working group re revised charts

(mediation analysis)

0.30 $358.50

DJB Email correspondence with working group re SUT/Excise Tax

proposals

0.20 $239.00

10/8/2017 KNK Analyze correspondence from M. Feldman re conversation

with B. Houser; emails; reply

0.20 $280.00

DJB Email correspondence with working group re mediation,

possible emergency hearing on immunity

0.30 $358.50

10/9/2017 KNK Analyze correspondence from B. Houser re mediation; emails

from M. Feldman; B. Whyte; reply

0.20 $280.00

DJB Review mediation memorandum and related email

correspondence with working group

0.40 $478.00

JMW Analyze mediation memo update 0.10 $65.00

10/10/2017 KNK Analyze memo re mediation from B. Houser 0.10 $140.00

KNK Conference call with B. Houser et al re mediation 0.90 $1,260.00

10/11/2017 SDP Exchange e-mail correspondence with J. Weiss re interim fee

applications

0.20 $69.00

10/17/2017 KNK Revise mediation issues statement 0.20 $280.00

KNK Analyze correspondence from B. Whyte re mediation 0.10 $140.00

DJB Review draft mediation statement 0.20 $239.00

DJB Review revised draft mediation statement/scheduling order 0.20 $239.00

JMW Analyze and comment on drafts (several) of mediation

statement

0.60 $390.00

10/19/2017 DJB Review revised informative motion and statement re

mediation

0.30 $358.50

JMW Analyze revised mediation statement 0.20 $130.00

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COFINA - Bettina Whyte as Agent Page 18

Bill # 16102

Date Init Description Hours Amount

10/20/2017 KNK Analyze correspondence from B. Whyte, J. Minias, M.

Feldman re mediation statement

0.20 $280.00

DJB Email correspondence with working group re mediation

schedule

0.10 $119.50

10/21/2017 KNK Analyze correspondence from S. Kirpalani, M. Feldman, B.

Whyte re mediation; reply

0.20 $280.00

10/22/2017 KNK Analyze correspondence from B. Whyte, S. Kirpalani re

mediation

0.10 $140.00

KNK Telephone conference with B. Whyte re mediation strategy

and issues

0.20 $280.00

KNK Analyze correspondence from B. Whyte and M. Feldman re

Section 105 settlement

0.10 $140.00

10/23/2017 SDP Analyze correspondence from K. Klee re 10/31 and 11/1

mediations

0.10 $34.50

JMW Analyze correspondence from B. Whyte and S. Kirpalani re

mediation

0.20 $130.00

10/24/2017 KNK Analyze correspondence from B. Houser re mediation

schedule; email B. Whyte; reply

0.20 $280.00

DJB Review Hurricane Maria recovery data (SUT) and related

email correspondence from K. Klee

0.60 $717.00

JMW Analyze correspondence and data re SUT and excise taxes 0.30 $195.00

10/26/2017 JMW Telephone conference with D. Bussel re mediation 0.10 $65.00

10/27/2017 KNK Analyze correspondence from B. Houser re mediation

schedule

0.10 $140.00

DJB Email correspondence with working group re revised

mediation schedule

0.10 $119.50

SDP Analyze memorandum re November 7-9 mediation 0.10 $34.50

SDP Confer with K. Klee re 7-November 7-9 mediation 0.10 $34.50

JMW Analyze mediation memorandum 0.10 $65.00

10/30/2017 DJB Review updates re fiscal plan/recovery 0.30 $358.50

Professional Services Rendered 35.80 $34,539.00

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COFINA - Bettina Whyte as Agent Page 19

Bill # 16102

In Reference To: Fee Applications and Retention

For Services Rendered Through 10/31/2017

File No.: 2291-0005

Professional Services

Date Init Description Hours Amount

10/2/2017 DJB Email correspondence with working group re D. Bussel

comments to draft replies

0.10 No Charge

10/4/2017 JMW Work on monthly fee statement 1.00 $650.00

10/5/2017 DJB Email correspondence with Willkie and U.S. Trustee re

LEDES billing

0.20 $239.00

10/6/2017 DJB Email correspondence with N. Navarro re LEDES billing

issues

0.10 $119.50

SDP Analyze correspondence from J. Weiss re billing format for

monthly fee statements

0.10 $34.50

SDP Analyze correspondence from N. Navarro-Cabrer re billing

format

0.10 $34.50

10/9/2017 DJB Email correspondence with working group re fee application

issues

0.10 No Charge

SDP Analyze email from J. Weiss to N. Eitel re KTB&S's billing

invoices

0.10 $34.50

JMW Work on monthly fee statement 0.50 $325.00

10/10/2017 SDP Analyze correspondence from N. Navarro-Cabrer re invoices 0.10 $34.50

SDP Prepare second monthly fee application and exhibits 0.80 $276.00

SDP Exchange e-mail correspondence with N. Eitel re billing

format

0.20 $69.00

10/11/2017 DJB Email correspondence with working group re fee and

employment issues

0.20 No Charge

SDP Analyze correspondence from N. Navarro-Cabrer re monthly

fee applications

0.10 $34.50

SDP Analyze correspondence from N. Eitel re billing format 0.10 $34.50

JMW Analyze correspondence from N. Cabrer and N. Eitel re

billing data

0.10 $65.00

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COFINA - Bettina Whyte as Agent Page 20

Bill # 16102

Date Init Description Hours Amount

10/12/2017 SDP Analyze correspondence from N. Navarro-Cabrer re second

monthly fee statement

0.10 $34.50

10/16/2017 KNK Analyze correspondence from B. Whyte re fee payment; reply 0.10 $140.00

DJB Email correspondence with B. Whyte and J. Weiss re fee

application process

0.10 No Charge

SDP Analyze correspondence from N. Navarro-Cabrer re billing

information for the US Trustee

0.10 $34.50

SDP Analyze correspondence from J. Weiss re exhibit to second

monthly fee application

0.10 $34.50

JMW Prepare monthly fee statement 2.50 $1,625.00

10/17/2017 KNK Revise September fee application 0.20 $280.00

DJB Email correspondence with working group re fee issues (J.

Weiss comments)

0.20 No Charge

SDP Revise exhibit to second monthly fee statement 0.10 $34.50

SDP Finalize KTB&S's second monthly fee application 0.20 $69.00

SDP Prepare correspondence to N. Navarro-Cabrer re monthly fee

statement

0.10 $34.50

SDP Serve KTB&S's and N. Navarro-Cabrer's second monthly fee

applications

0.70 No Charge

SDP Exchange e-mail correspondence with J. Weiss re service of

monthly statements

0.20 No Charge

JMW Finalize September fee statement 0.80 $520.00

10/18/2017 SDP Analyze correspondence from G. Gebhardt re monthly fee

application of KTB&S and N. Navarro-Cabrer

0.10 $34.50

SDP Exchange e-mail correspondence with N. Navarro-Cabrer re

second monthly fee application

0.20 $69.00

SDP Analyze correspondence from R. Rivera re billing data for fee

statements

0.10 $34.50

10/26/2017 SDP Analyze correspondence from N. Navarro-Cabrer re

statements of no objection

0.10 $34.50

SDP Analyze correspondence from J. Weiss re local counsel's

statements of no objection

0.10 $34.50

SDP Prepare correspondence to N. Navarro-Cabrer re statements of

no objection

0.10 $34.50

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COFINA - Bettina Whyte as Agent Page 21

Bill # 16102

Date Init Description Hours Amount

10/27/2017 SDP Analyze correspondence from N. Navarro-Cabrer re

statements of no objection and first interim fee application

0.10 $34.50

10/30/2017 KNK Confer with J. Weiss re fee examiner's request and motion 0.20 $280.00

KNK Analyze correspondence from K. Stadler re fee examiner

motion to amend interim comp.; revised order; emails re same

0.30 $420.00

KNK Analyze correspondence from J. Weiss re response to fee

examiner motion

0.10 $140.00

DJB Email correspondence with working group re fee examiner

motion

0.50 $597.50

SDP Exchange e-mail correspondence with J. Weiss re statements

of no objection

0.20 $69.00

SDP Revise statement of no objection re first fee statement 0.10 $34.50

SDP Prepare statement of no objection re second fee statement 0.20 $69.00

JMW Telephone conference with B. Whyte and C. Koenig re fee

examiner motion

0.20 $130.00

JMW Confer with K. Klee re fee examiner's motion 0.20 $130.00

JMW Analyze fee examiner's motion and proposed revisions to

compensation order

0.30 $195.00

JMW Telephone conference with C. Koenig re fee examiner motion 0.20 $130.00

10/31/2017 KNK Telephone conference with J. Weiss re fee examiner motion;

email

0.10 $140.00

SDP Revise N. Navarro-Cabrer's statements of no objection 0.10 $34.50

SDP Finalize KTB&S's statements of no objection 0.20 $69.00

SDP Analyze correspondence from J. Weiss re N. Navarro-Cabrer

statements of no objection

0.10 $34.50

SDP Finalize N. Navarro-Cabrer statements of no objection 0.20 $69.00

SDP Exchange e-mail correspondence with J. Weiss re service of

statements of no objection (several)

0.30 No Charge

SDP Serve KTB&S's and N. Navarro-Cabrer statements of no

objection

0.50 No Charge

SDP Exchange e-mail correspondence with N. Navarro-Cabrer re

statements of no objection (multiple)

0.30 No Charge

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 Document Page 68 of 197
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COFINA - Bettina Whyte as Agent Page 22

Bill # 16102

Date Init Description Hours Amount

JMW Telephone conference with C. Koening and follow up

discussions with K. Klee, D. Bussel and B. Whyte re fee

examiner motion

0.40 $260.00

JMW Review statement of no objection re August and September

fees

0.10 $65.00

Professional Services Rendered 15.00 $7,900.00

In Reference To: Fee Application and Retention Objections

For Services Rendered Through 10/31/2017

File No.: 2291-0006

Professional Services

Date Init Description Hours Amount

10/10/2017 DJB Review replies to AAFAF/oversight Board/BNYM objections

to 105(a)/Centerview

1.00 $1,195.00

10/31/2017 DJB Review Willkie fee objection and related email

correspondence with working group re fee examiner motion

0.30 $358.50

JMW Analyze AAFAF objection to Willkie fees 0.10 $65.00

Professional Services Rendered 1.40 $1,618.50

In Reference To: Budget

For Services Rendered Through 10/31/2017

File No.: 2291-0007

Professional Services

Date Init Description Hours Amount

10/3/2017 SDP Exchange e-mail correspondence with N. Navarro-Cabrer re

statement of no objection

0.20 No Charge

SDP Exchange e-mail correspondence with N. Navarro-Cabrer re

budget and staffing plan

0.20 $69.00

10/11/2017 KNK Analyze October budget 0.10 $140.00

KNK Confer with J. Weiss re October budget 0.10 $140.00

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 Document Page 69 of 197
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COFINA - Bettina Whyte as Agent Page 23

Bill # 16102

Date Init Description Hours Amount

SDP Analyze correspondence from J. Weiss to B. Whyte re budget

and staffing plan

0.10 $34.50

JMW Confer with K. Klee re budget 0.10 $65.00

JMW Revise and finalize October budget 0.60 $390.00

Professional Services Rendered 1.40 $838.50

In Reference To: Discovery/Fact Analysis

For Services Rendered Through 10/31/2017

File No.: 2291-0008

Professional Services

Date Init Description Hours Amount

10/2/2017 KNK Analyze article re financing for PR and litigation stay; emails 0.20 $280.00

JMW Telephone conference with J. Sorkin re Barclays subpoena 0.20 $130.00

JMW Telephone conference with M. Spillane re Citi subpoena 0.10 $65.00

10/3/2017 KNK Analyze correspondence from S. Hussein and J. Weiss re

subpoenas and meet and confer

0.10 $140.00

DJB Email correspondence with Willkie working group re third

party subpoena

0.10 $119.50

JMW Exchange e-mail correspondence with S. Hussein re meet and

confer

0.10 $65.00

RJP Review correspondence with Willkie team re third-party

subpoenas

0.10 $92.50

10/4/2017 KNK Analyze article from B. Whyte re COFINA bondholders 0.10 $140.00

KNK Analyze correspondence from K. Chopra re COFINA bonds 0.10 $140.00

JMW Telephone conference with S. Hussein re subpoenas 0.10 $65.00

JMW Update subpoena tracker re KTBS subpoenas 0.20 $130.00

JMW Exchange e-mail correspondence with M. Cohen re Hawkins

subpoena

0.10 $65.00

RJP Review email correspondence re third-party subpoenas and

document production

0.10 $92.50

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 Document Page 70 of 197
2291

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COFINA - Bettina Whyte as Agent Page 24

Bill # 16102

Date Init Description Hours Amount

10/5/2017 KNK Analyze articles re Puerto Rico debt 0.20 $280.00

DJB Email correspondence and review re protective order 0.10 $119.50

RJP Review correspondence re protective order and materials

produced in discovery

0.10 $92.50

10/6/2017 KNK Analyze article re AAFAF suggestion to repeal sales tax;

emails

0.20 $280.00

DJB Review protective order (lodged) 0.30 $358.50

10/10/2017 DJB Email correspondence with working group re discovery / third

party subpoenas (objections)

0.50 $597.50

DJB Review correspondence from Paul Hastings re

Commonwealth failure to produce documents

0.20 $239.00

JMW Analyze discovery responses and objections and consider next

steps from Barclays, Goldman, JPM, Citi, Hawkins, Merrill,

and Wells Fargo

2.20 $1,430.00

JMW Analyze Paul Hastings letter to OMM re discovery 0.10 $65.00

RJP Preliminary review of financial institutions’ objections and

responses to third-party subpoenas; correspondence re same

0.40 $370.00

10/11/2017 KNK Analyze weekly update re litigation 0.10 $140.00

KNK Analyze correspondence from S. Cooper re discovery 0.10 $140.00

KNK Analyze pleadings re Barclays and JPM objections re

subpoenas served by KTBS

0.50 $700.00

10/12/2017 KNK Analyze report re PR sales tax; email B. Whyte re same 0.10 $140.00

DJB Review stipulation in adversary re facts, discovery 0.40 $478.00

10/13/2017 KNK Analyze pleadings re order directing parties to confer re

briefing and discovery in Commonwealth-COFINA dispute

0.10 $140.00

10/16/2017 KNK Analyze article re BNYM COFINA debt service accounts 0.10 $140.00

DJB Email correspondence with working group re SUT to VAT

issues (bifurcation)

0.10 $119.50

10/17/2017 DJB Email correspondence with working group re third party

subpoenas (Banco Popular)

0.20 $239.00

JMW Analyze correspondence from M. Neiburg re Popular

Securities subpoena

0.10 $65.00

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 Document Page 71 of 197
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COFINA - Bettina Whyte as Agent Page 25

Bill # 16102

Date Init Description Hours Amount

10/18/2017 DJB Review O'Melveny correspondence re discovery (J. Daniels) 0.20 $239.00

JMW Analyze discovery letter from AAFAF 0.10 $65.00

RJP Review correspondence re Commonwealth/COFINA dispute

and discovery matters with respect to same

0.20 $185.00

10/19/2017 KNK Analyze correspondence from J. Daniels re AAFAF document

production; emails

0.20 $280.00

JMW Work on third party discovery matters 0.30 $195.00

RJP Analyze stipulation re revised discovery and trial schedule for

Commonwealth/COFINA dispute; exchange email

correspondence with K. Klee re same

0.30 $277.50

10/20/2017 DJB Email correspondence with working group re third party

subpeonas

0.10 $119.50

JMW Meet and confer with Popular Bank re discovery 0.30 $195.00

JMW Telephone conference with J. Dugan re third party discovery 0.10 $65.00

JMW Analyze numerous responses and objections to third party

discovery and strategize re go-forward requests and actions

1.40 $910.00

10/23/2017 DJB Review senior COFINA DIP proposal and related email

correspondence with K. Klee

0.40 $478.00

DJB Review party dismissals in BNYM adversary (selling

bondholders)

0.10 $119.50

JMW Analyze DIP proposal 0.10 $65.00

10/24/2017 KNK Analyze correspondence from S. Cooper re discovery issues 0.10 $140.00

KNK Analyze correspondence from M. Rodrigue re post-hurricane

sales tax collection

0.10 $140.00

DJB Review Paul Hastings response to AAFAF discovery position

(meet and confer process)

0.30 $358.50

JMW Analyze S. Cooper letter to J. Daniels re AAFAF discovery 0.10 $65.00

RJP Review correspondence from S. Cooper (on behalf of

Commonwealth agent) re discovery in

Commonwealth/COFINA matter

0.10 $92.50

10/27/2017 JMW Analyze M. Neiburg letter re popular securities third party

discovery

0.20 $130.00

JMW Analyze Santander responses and objections 0.20 $130.00

Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

 Document Page 72 of 197
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COFINA - Bettina Whyte as Agent Page 26

Bill # 16102

Date Init Description Hours Amount

10/31/2017 KNK Analyze correspondence from B. Whyte re revised fiscal plan

and COFINA implications (several articles)

0.30 $420.00

KNK Analyze correspondence from H. Honig re oversight board

hearing

0.10 $140.00

DJB Review updates re FOMB meeting and related email

correspondence with working group

0.30 $358.50

JMW Analyze third party discovery responses and research re next

steps

1.30 $845.00

JMW Analyze summary of oversight board public meeting,

including related documents (independent investigator’s

report, meeting agenda)

0.50 $325.00

Professional Services Rendered 15.10 $13,996.00

In Reference To: Non-Working Travel

For Services Rendered Through 10/31/2017

File No.: 2291-0009

Professional Services

Date Init Description Hours Amount

10/22/2017 KNK Travel to New York for mediation talks and Section 105

hearing

4.00 $5,600.00

KNK Travel to New York for mediation talks and Section 105

hearing

4.00 No Charge

10/27/2017 KNK Travel from NY to LA (non-working) 4.20 $5,880.00

KNK Travel from NY to LA (non-working) 4.20 No Charge

Professional Services Rendered 16.40 $11,480.00

Timekeeper Summary

Name Hours Rate Amount

Bussel, Daniel J. 3.10 0.00 No Charge

Bussel, Daniel J. 39.90 1195.00 $47,680.50

Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

 Document Page 73 of 197
Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

 Document Page 74 of 197
Itemized Expenses for the Period October 1, 2017 Through October 31, 2017

Date Expense Category Total Description

Invoice 

No.

10/11/2017 Telephone $ 27.02 Telephone Conference Service 16102

10/11/2017 Travel $ 106.00 Transportation to airport on 09/14/17 for K. Klee 16102

10/11/2017 Travel $ 124.00 Transportation from airport on 09/11/17 for K. Klee 16102

10/18/2017 Delivery Services/Messengers $ 15.74 Fedex to C. Steege, M. Root at Jenner & Block LLP on 09/15/17 16102

10/18/2017 Delivery Services/Messengers $ 16.32 

FedEx to Matthew Feldman at Willkie Farr & Gallagher LLP on 

10/04/17 16102

10/18/2017 Delivery Services/Messengers $ 16.32 FedEx to Joseph Minias at Willkie Farr & Gallagher LLP on 10/04/17 16102

10/18/2017 Delivery Services/Messengers $ 16.32 FedEx to Antonio Yanez at Willkie Farr & Gallagher LLP on 10/04/17 16102

10/18/2017 Delivery Services/Messengers $ 16.36 FedEx to Bettina Whyte on 09/11/17 16102

10/18/2017 Delivery Services/Messengers $ 16.36 

FedEx to J. Rapisardi, S. Uhland at O'Melveny & Myers LLP on 

09/15/17 16102

10/18/2017 Delivery Services/Messengers $ 19.25 FedEx to Paul V. Possinger at Proskauer Rose LLP on 09/15/17 16102

10/18/2017 Delivery Services/Messengers $ 19.97 

FedEx to M. Bienenstock and E. Barak at Proskauer Rose LLP on 

09/15/17 16102

10/18/2017 Delivery Services/Messengers $ 19.97 FedEx to Luc A. Despins at Paul Hastings LLP on 09/15/17 16102

10/18/2017 Delivery Services/Messengers $ 19.97 FedEx to R. Gordon R. Levin at Jenner & Block LLP on 09/15/17 16102

10/18/2017 Delivery Services/Messengers $ 21.12 FedEx to Bettina Whyte on 10/04/17 16102

10/18/2017 Delivery Services/Messengers $ 21.17 FedEx to Bettina Whyte on 09/15/17 16102

10/18/2017 Delivery Services/Messengers $ 21.17 FedEx to Bettina Whyte at Bettina Whyte Consultants LLC on 09/29/17 16102

10/18/2017 Delivery Services/Messengers $ 55.25 Attorney Service Delivery to Bank of America on 09/20/17 16102

10/18/2017 Delivery Services/Messengers $ 86.50 Attorney Service Delivery to USPO on 09/20/17 16102

10/18/2017 Delivery Services/Messengers $ 309.25 Attorney Service Delivery to Areluis Capital Management on 09/20/17 16102

10/18/2017 Delivery Services/Messengers $ 309.25 Attorney Service Delivery to Barclays Capital on 09/20/17 16102

10/18/2017 Delivery Services/Messengers $ 309.25 

Attorney Service Delivery to CitiGroup Global Markets Inc. on 

09/20/17 16102

10/18/2017 Delivery Services/Messengers $ 309.25 Attorney Service Delivery to Goldman Sachs & Co on 09/20/17 16102

10/18/2017 Delivery Services/Messengers $ 309.25 

Attorney Service Delivery to Hawkins Delafield & Woods LLP on 

09/20/17 16102

10/18/2017 Delivery Services/Messengers $ 309.25 Attorney Service Delivery to J.P. Morgan Securities Inc. on 09/20/17 16102

10/18/2017 Delivery Services/Messengers $ 309.25 

Attorney Service Delivery to Monarch Alternative Capital LP on 

09/20/17 16102

10/18/2017 Delivery Services/Messengers $ 309.25 Attorney Service Delivery to Senator Investment Group on 09/20/17 16102

10/18/2017 Delivery Services/Messengers $ 309.25 Attorney Service Delivery to Wells Fargo Securities on 09/20/17 16102

10/30/2017 Delivery Services/Messengers $ 88.20 Federal Express 10/18/2017 A.J. Bennarzar-Zequeira from KTBS 16102

10/31/2017 Travel $ 50.00 10/27/2017 K. Klee Car to Airport re: NY Hearing 16102

10/31/2017 Delivery Services/Messengers $ 88.20 Federal Express 10/18/2017 H. Bauer from KTBS 16102

10/31/2017 Delivery Services/Messengers $ 88.20 Federal Express 10/18/2017 E. Ochoa, Trustee from KTBS 16102

10/31/2017 Delivery Services/Messengers $ 88.20 Federal Express 10/18/2017 J. Casillas Ayala from KTBS 16102

10/31/2017 Parking $ 107.85 Parking on 10/27/17 for K. Klee 16102

10/31/2017 Travel $ 1,587.00 Airfare LAX to JFK 10/22/2017 for Hearing - K. Klee* 16102

10/31/2017 Travel $ 1,587.00 Airfare JFK to LAX 10/27/2017 for hearing - K. Klee 16102

Total $ 7,106.71 

* In the October 2017 Monthly Fee Statement, KTB&S inadvertently listed this travel date as 10/25/2017.

1 of 1

Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

 Document Page 75 of 197
INVOICE

INVOICE PAYMENT DUE UPON RECEIPT

Invoice No.

Invoice No.

Customer No.

Customer No.

Invoice Date Total Due

Period Ending Amount Due Pg

Date Ordr No. Svc Service Detail Charges Total

 

 10109942 81768

 

 9/30/17 3,304.00

 TAX ID# 27-3093840

 KLEE TUCHIN BOGDANOFF & STERN LLP

 1999 AVENUE OF THE STARS BILLING/PAYMENT QUESTIONS

 39TH FLOOR CLIENT CARE (877)350-8698

 LOS ANGELES, CA 90067

 

 81768 10109942 9/30/17 3,304.00 1

 

 9/20/17 3438637 FSP KLEE TUCHIN BOGDANOFF & STERN LLP ARELUIS CAPITAL MANAGEMENT, LP C/O Base Chg : 309.25 309.25

 1999 AVENUE OF THE STARS 535 MADISON AVE

PROCESS-FORWARD SAME DAY LOS ANGELES CA 90067 NEW YORK NY 10022

 Caller: SHANDA D. PEARSO

 17BK3283(LTS)

 COMMONWEALTH V. PUERTO RICO

 SUBPOENA TO PRODUCE

 Signed: Elizabeth Ryvkin Ref: COMMONWEALTH V. PUERTO

 9/20/17 3438638 FSP KLEE TUCHIN BOGDANOFF & STERN LLP BARCLAYS CAPITAL C/O COR Base Chg : 309.25 309.25

 1999 AVENUE OF THE STARS 745 SEVENTH AVENUE

PROCESS-FORWARD SAME DAY LOS ANGELES CA 90067 NEW YORK NY 10019

 Caller: SHANDA D. PEARSO

 17BK3283(LTS)

 COMMONWEALTH V. PUERTO RICO

 SUBPOENA TO PRODUCE

 Signed: Benjamin Peacock Ref: COMMONWEALTH V. PUERTO

 9/20/17 3438639 ML KLEE TUCHIN BOGDANOFF & STERN LLP BANK OF AMERICA MERRILL LYNCH, C/O Base Chg : 38.75

 1999 AVENUE OF THE STARS 100 NORTH TRYON ST Adv/Wit Ck: 15.00

MAIL LOS ANGELES CA 90067 CHARLOTTE NC Check Chg : 1.50 55.25

 Caller: SHANDA D. PEARSO

 17BK3283(LTS)

 COMMONWEALTH V. PUERTO RICO

 SUBPOENA TO PRODUCE

 ONLY DO CERTIFIED

 Signed: cert mail Ref: COMMONWEALTH V. PUERTO

 9/20/17 3438641 FSP KLEE TUCHIN BOGDANOFF & STERN LLP CITIGROUP GLOBAL MARKETS INC, C/O C Base Chg : 309.25 309.25

 1999 AVENUE OF THE STARS 390-399 GREENWICH ST

PROCESS-FORWARD SAME DAY LOS ANGELES CA 90067 NEW YORK NY 10013-2396

 Caller: SHANDA D. PEARSO

 17BK3283(LTS)

 COMMONWEALTH V. PUERTO RICO

 SUBPOENA TO PRODUCE

 Signed: Rodd Corner/Authrozd Ref: COMMONWEALTH V. PUERTO

 9/20/17 3438642 FSP KLEE TUCHIN BOGDANOFF & STERN LLP GOLDMAN SACHS & CO C/O COR Base Chg : 309.25 309.25

 1999 AVENUE OF THE STARS 200 WEST ST

PROCESS-FORWARD SAME DAY LOS ANGELES CA 90067 NEW YORK NY 10282

 Caller: SHANDA D. PEARSO

 17BK3283(LTS)

 COMMONWEALTH V. PUERTO RICO

 SUBPOENA TO PRODUCE

 Signed: JOanne Cook Ref: COMMONWEALTH V. PUERTO

 Continued

Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

 Document Page 76 of 197
INVOICE

INVOICE PAYMENT DUE UPON RECEIPT

Invoice No.

Invoice No.

Customer No.

Customer No.

Invoice Date Total Due

Period Ending Amount Due Pg

Date Ordr No. Svc Service Detail Charges Total

 

 10109942 81768

 

 9/30/17 3,304.00

 TAX ID# 27-3093840

 KLEE TUCHIN BOGDANOFF & STERN LLP

 1999 AVENUE OF THE STARS BILLING/PAYMENT QUESTIONS

 39TH FLOOR CLIENT CARE (877)350-8698

 LOS ANGELES, CA 90067

 

 81768 10109942 9/30/17 3,304.00 2

 

 9/20/17 3438643 FSP KLEE TUCHIN BOGDANOFF & STERN LLP HAWKINS DELAFIELD & WOODS LLP C/O C Base Chg : 309.25 309.25

 1999 AVENUE OF THE STARS 7 WORLD TRADE CENTER

PROCESS-FORWARD SAME DAY LOS ANGELES CA 90067 NEW YORK NY 10007

 Caller: SHANDA D. PEARSO

 17BK3283(LTS)

 COMMONWEALTH V. PUERTO RICO

 SUBPOENA TO PRODUCE

 Signed: Jane Doe Ref: COMMONWEALTH V. PUERTO

 9/20/17 3438645 FSP KLEE TUCHIN BOGDANOFF & STERN LLP J.P. MORGAN SECURITIES INC, C/O COR Base Chg : 309.25 309.25

 1999 AVENUE OF THE STARS 277 PARK AVENUE

PROCESS-FORWARD SAME DAY LOS ANGELES CA 90067 NEW YORK NY 10172

 Caller: SHANDA D. PEARSO

 17BK3283(LTS)

 COMMONWEALTH V. PUERTO RICO

 SUBPOENA TO PRODUCE

 Signed: Rachelle Reznikova Ref: COMMONWEALTH V. PUERTO

 9/20/17 3438646 FSP KLEE TUCHIN BOGDANOFF & STERN LLP MONARCH ALTERNATIVE CAPITAL LP C/O Base Chg : 309.25 309.25

 1999 AVENUE OF THE STARS 535 MADISON AVE

PROCESS-FORWARD SAME DAY LOS ANGELES CA 90067 NEW YORK NY 10022

 Caller: SHANDA D. PEARSO

 17BK3283(LTS)

 COMMONWEALTH V. PUERTO RICO

 SUBPOENA TO PRODUCE

 Signed: Charles Corzo Ref: COMMONWEALTH V. PUERTO

 9/20/17 3438647 FSP KLEE TUCHIN BOGDANOFF & STERN LLP SENATOR INVESTMENT GROUP LP C/O COR Base Chg : 309.25 309.25

 1999 AVENUE OF THE STARS 510 MADISON AVE

PROCESS-FORWARD SAME DAY LOS ANGELES CA 90067 NEW YORK NY 10022

 Caller: SHANDA D. PEARSO

 17BK3283(LTS)

 COMMONWEALTH V. PUERTO RICO

 SUBPOENA TO PRODUCE

 Signed: Edward Larmann/Authrzd Ref: COMMONWEALTH V. PUERTO

 9/20/17 3438648 FSP KLEE TUCHIN BOGDANOFF & STERN LLP WELLS FARGO SECURITIES C/O COR Base Chg : 309.25 309.25

 1999 AVENUE OF THE STARS 550 SOUTH TRYON ST D1086-060

PROCESS-FORWARD SAME DAY LOS ANGELES CA 90067 CHARLOTTE NC 28202

 Caller: SHANDA D. PEARSO

 17BK3283(LTS)

 COMMONWEALTH V. PUERTO RICO

 SUBPOENA TO PRODUCE

 Signed: JORDAN BROOME/AUTHORZD Ref: COMMONWEALTH V. PUERTO

 Continued

Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

 Document Page 77 of 197
INVOICE

INVOICE PAYMENT DUE UPON RECEIPT

Invoice No.

Invoice No.

Customer No.

Customer No.

Invoice Date Total Due

Period Ending Amount Due

Amount Due

Pg

Date Ordr No. Svc Service Detail Charges Total

Total

Total

 

 10109942 81768

 

 9/30/17 3,304.00

 TAX ID# 27-3093840

 KLEE TUCHIN BOGDANOFF & STERN LLP

 1999 AVENUE OF THE STARS BILLING/PAYMENT QUESTIONS

 39TH FLOOR CLIENT CARE (877)350-8698

 LOS ANGELES, CA 90067

 

 81768 10109942 9/30/17 3,304.00 3

 

 9/20/17 3439097 ASP FIRST LEGAL SUPPORT-LA USPO Base Chg : 41.75

 ASP 1517 W BEVERLY BOULEVARD Return : 41.75

DELIVERY-ASAP VEHICLE LOS ANGELES CA 90026 LOS ANGELES CA 90026 Fuel Chg : 3.00 86.50

 Caller: SHANDA D. PEARSO

 17BK3283(LTS)

 COMMONWEALTH V. PUERTO RICO

 SUBPOENA TO PRODUCE

 DELIVER CERTIFIED

 Signed: MARIO Ref: COMMONWEALTH V. PUERTO

 9/21/17 3440137 SPC BASKIN ROBINS KLEE TUCHIN BOGDANOFF & STERN LLP Base Chg : 16.75

 1800 S ROBERTSON BLVD 1999 AVENUE OF THE STARS Fuel Chg : 3.00 19.75

DELIVERY-SPECIAL VEHICLE LOS ANGELES CA 90035 LOS ANGELES CA 90067

 Caller: MARISELA ATRIAN

 PU 11AM 9/22

 Signed: hernan Ref: 99999

 9/21/17 3440172 FSM KLEE TUCHIN BOGDANOFF & STERN LLP USDC Base Chg : 249.25 249.25

 1999 AVENUE OF THE STARS One Bowling Green

DELIVERY-FORWARD SAME DAY LOS ANGELES CA 90067 NEW YORK NY

 Caller: SHANDA D. PEARSO

 Deliver by 3:pm

 Signed: Delivered Ref: TABERNA PREFERRED FUND

 9/27/17 3444996 SPC KLEE TUCHIN BOGDANOFF & STERN LLP RESIDENCE OF ETHAN GOLDSTEIN Base Chg : 35.25

 SPC 1999 AVENUE OF THE STARS 259 20th ST Return : 35.25

DELIVERY-SPECIAL VEHICLE LOS ANGELES CA 90067 SANTA MONICA CA 90402 Fuel Chg : 3.00 73.50

 Caller: APRYL BOND

 P/U DOCUMENTS IN

 Signed: courtney Ref: 0076

 9/27/17 3445252 ASP KLEE TUCHIN BOGDANOFF & STERN LLP US POST OFFICE Base Chg : 16.75

 ASP 1999 AVENUE OF THE STARS 312 S BEVERLY DR. Return : 16.75

DELIVERY-ASAP VEHICLE LOS ANGELES CA 90067 BEVERLY HILLS CA 90212 Fuel Chg : 3.00 36.50

 Caller: APRYL BOND

 P/U ENV W/ CASH

 Signed: courtney Ref: 0076

 Invoice Amount: 3,289.00

 Fees Advanced: 15.00

 : 3,304.00

 3,304.00

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169263.1 

EXHIBIT 4-B 

TIME AND EXPENSE DETAIL FOR NOVEMBER 2017 

FEE STATEMENT 

Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

 Document Page 82 of 197
December 01, 2017

Bettina Whyte, as Agent for Corporacion

del Fondo de Interes Apremiante (COFINA)

Bill No. 16159

KLEE, TUCHIN, BOGDANOFF & STERN LLP

1999 Avenue of the Stars

Thirty-Ninth Floor

Los Angeles, California 90067

Telephone: (310) 407-4000

Facsimile: (310) 407-9090

Taxpayer I.D. No. 95-4744518

Matter Code Matter Name Fees Billed Expenses Billed Total Billed

0000 COFINA Expenses $0.00 $4,548.66 $4,548.66

0001 Litigation/Adversary $73,271.00 $0.00 $73,271.00

Proceedin

0002 Case Administration $5,454.00 $0.00 $5,454.00

0003 Meetings/Creditor $13,785.50 $0.00 $13,785.50

Communicatio

0004 Mediation/Negotiations $19,057.50 $0.00 $19,057.50

0005 Fee Applications and $7,463.00 $0.00 $7,463.00

Retention

0007 Budget $1,823.00 $0.00 $1,823.00

0008 Discovery/Fact Analysis $26,404.50 $0.00 $26,404.50

0009 Non-Working Travel $11,480.00 $0.00 $11,480.00

$158,738.50 $4,548.66 $163,287.16

Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

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December 01, 2017

Bettina Whyte, as Agent for Corporacion

del Fondo de Interes Apremiante (COFINA)

Bill No. 16159

KLEE, TUCHIN, BOGDANOFF & STERN LLP

1999 Avenue of the Stars

Thirty-Ninth Floor

Los Angeles, California 90067

Telephone: (310) 407-4000

Facsimile: (310) 407-9090

Taxpayer I.D. No. 95-4744518

In Reference To:

For Services Rendered Through 11/30/2017

File No.: 2291-0000

Label27

Label27

Costs and Disbursements

Online Research

Westlaw - November 2017 $294.67

$294.67

Delivery services/messengers

FedEx to Hermann D. Bauer, Esq at Oneill & Borges LLC on

10/31/17

$88.20

FedEx to Andres W. Lopez, Esq. at Law Offices of Andres W. Lopez

on 10/31/17

$88.20

FedEx to M. Bienenstock & E. Barak at Proskauer Rose LLP on

10/17/17

$16.24

FedEx to Paul V. Possinger, Esq. at Proskauer Rose LLP on 10/17/17 $15.63

FedEx to Guy G. Gebhardt at Acting U.S. Trustee - Region 2 on

10/17/17

$16.24

FedEx to Catherine Steege & Melissa Ro at Jenner & Block LLP on

10/17/17

$15.63

FedEx to Robert Gordon & Richard Levin at Jenner & Block LLP on

10/17/17

$16.24

FedEx to J. Rapisardi, S. Uhland at OMelveny & Myers LLP on

10/17/17

$16.24

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COFINA - Bettina Whyte as Agent Page 2

Bill # 16159

.

FedEx to Luc. A Despins, Esq. at Paul Hastings LLP on 10/17/17 $16.24

FedEx to Brady C. Williamson at Godfrey & Kahn on 10/17/17 $15.63

FedEx to Bettina Whyte on 10/17/17 $21.02

FedEx to M. Bienenstock & E. Barak at Proskauer Rose LLP on

10/31/17

$16.24

FedEx to Paul V. Possinger, Esq. at Proskauer Rose LLP on 10/31/17 $15.63

FedEx to J. Rapisardi, S. Uhland, D. at OMelveny & Myers LLP on

10/31/17

$16.24

FedEx to Hermann D. Bauer, Esq. at Oneill & Borges LLC on

11/17/17

$27.90

FedEx to Edificio Ochoa at Office of US Trustee on 11/17/17 $27.90

FedEx to A.J. Bennazar-Zequeira, Esq. at Bennazar, Garcia & Milian

on 11/17/17

$27.90

FedEx to Juan Casillas Ayala, Alberto Negro at Casillas, Santiago &

Torres LLC on 11/17/17

$27.90

$485.22

Travel

Hotel K. Klee 11/28/2017 New York $1,122.31

Aifare from JFK to LAX on 11/29/17 for K. Klee $1,587.00

Airfare from LAX to JFK on 11/28/17 for K. Klee $1,012.20

$3,721.51

Parking

Parking at LAX airport on 11/28/17 for K. Klee $47.26

$47.26

Total Costs and Disbursements $4,548.66

In Reference To: Litigation/Adversary Proceedings

For Services Rendered Through 11/30/2017

File No.: 2291-0001

Label27

Label27

Professional Services

Date Init Description Hours Amount

11/1/2017 KNK Analyze pleadings re Commonwealth-COFINA scheduling

order

0.10 $140.00

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Bill # 16159

.

Date Init Description Hours Amount

KNK Analyze pleadings re National draft answer and counter

claims in Commonwealth-COFINA dispute

0.90 $1,260.00

DJB Review amended scheduling order 0.10 $119.50

DJB Review draft intervention complaint (National/Weil) 0.20 $239.00

JMW Analyze scheduling order and exchange e-mail

correspondence with K. Klee and D. Bussel re same

0.20 $130.00

JMW Analyze informative motion re revised proposed order 0.10 $65.00

JMW Analyze National counterclaims and answer 1.20 $780.00

RJP Review entered scheduling order and email correspondence re

same

0.20 $185.00

11/3/2017 KNK Analyze pleadings re order granting COFINA agent's

immunity motion

0.10 $140.00

KNK Analyze pleadings re AFSCME oppositions to Aurelius

motion to dismiss Title III cases

0.20 $280.00

KNK Analyze pleadings re draft answer and counter-claim for

COFINA Sr. Bondholders

1.70 $2,380.00

DJB Review Senior COFINA draft answer and counterclaim 0.40 $478.00

DJB Review order granting COFINA Agent immunity 0.20 $239.00

DJB Email correspondence with B. Whyte and KTBS working

group re immunity order

0.10 $119.50

11/4/2017 KNK Analyze pleadings re answer and defenses of Commonwealth

agent to COFINA agent counterclaims

0.40 $560.00

KNK Analyze correspondence from D. Bussel and B. Whyte re

Commonwealth agent's answer to counter claims; reply

0.10 $140.00

DJB Email correspondence with B. Whyte re Quinn answer and

counterclaim

0.20 $239.00

11/6/2017 KNK Analyze pleadings re COFINA Jr. Bonds draft answer to

complaint

1.40 $1,960.00

DJB Review Comonwealth Agent response to COFINA Agent

answer and counterclaim

0.70 $836.50

DJB Review subordinate COFINA intervenor's answer and

counterclaim

0.30 $358.50

DJB Review motions to intervene (several) 0.50 $597.50

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Bill # 16159

.

Date Init Description Hours Amount

JMW Analyze Senior COFINA Parties draft answer and

counterclaims

1.30 $845.00

JMW Analyze Commonwealth answer 1.20 $780.00

JMW Analyze memo and correspondence re natural resources

hearing re oversight board

0.40 $260.00

JMW Analyze draft mutual fund group and PR group answer and

counterclaims

1.00 $650.00

JMW Analyze Aurelius request for reply brief 0.10 $65.00

11/7/2017 KNK Analyze charts summarizing defenses and counter claims 0.20 $280.00

KNK Analyze pleadings re intervenor claims and defenses 7.20 $10,080.00

DJB Review Willkie charts re intervenors 0.20 $239.00

11/8/2017 DJB Confer with T. Yanez re scope motion 0.20 $239.00

JMW Analyze (partial) notices and answers and complaints in

intervention and summaries of same

1.70 $1,105.00

11/9/2017 KNK Telephone conference with T. Mayer re Jr. Bonds response re

SUT taking

0.10 $140.00

JMW Finish analysis of multiple complaints, answers,

counterclaims in intervention

3.40 $2,210.00

11/10/2017 KNK Telephone conference with J. Minias re litigation settlement 0.20 $280.00

KNK Confer with K. John Shaffer re litigation settlement 0.10 $140.00

11/13/2017 RJP Analyze motions to dismiss and motions re scope of

Commonwealth/COFINA dispute

0.60 $555.00

11/14/2017 KNK Conference call with B. Whyte and J. Minias et al re

settlement

0.30 $420.00

DJB Confer with Willkie re scope motions 0.10 $119.50

DJB Review FOMB scope motion 0.60 $717.00

DJB Review AAFAF scope motion 0.40 $478.00

11/15/2017 KNK Analyze correspondence from B. Whyte re settlement; reply 0.10 $140.00

KNK Analyze pleadings re order denying stay of litigation 0.10 $140.00

KNK Analyze pleadings re order denying discovery requests 0.10 $140.00

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Bill # 16159

.

Date Init Description Hours Amount

DJB Email correspondence with working group re denial of stay

motion by FGIC

0.10 $119.50

JMW Analyze all scope motions and motion to dismiss filed re

COFINA and Commonwealth Agent litigation

2.20 $1,430.00

11/16/2017 KNK Analyze correspondence from B. Whyte and M. Feldman re

settlement meetings and venues; replies

0.20 $280.00

JMW Work on responses to GO and Retiree interventions 1.10 $715.00

JMW Analyze pleadings in interpleader case re summary judgment 0.20 $130.00

JMW Telephone conference with D. Bussel re case update 0.10 $65.00

RJP Review Willkie draft responses to intervention motions 0.20 $185.00

RJP Exchange email correspondence re third-party discovery 0.10 $92.50

11/17/2017 KNK Analyze pleadings re scope motions re Commonwealth

COFINA dispute

2.00 $2,800.00

KNK Analyze pleadings re joinder of Commonwealth Agent to

FOMB scope motion

0.10 $140.00

KNK Conference call with T. Yanez, C. Koenig, D. Bussel and J.

Weiss re G.O. answer and defenses and scope motion issues

0.20 $280.00

KNK Analyze pleadings re answer and defenses re Commonwealth

agent complaint

0.30 $420.00

KNK Conference call with T. Yanez, C. Koenig, D. Bussel and J.

Weiss re answer and defenses re Commonwealth complaint;

scope motion answer

0.20 $280.00

DJB Review answer to GO complaint 0.30 $358.50

DJB Confer with Willkie re scope motion responses 0.20 $239.00

JMW Telephone conference with T. Yanez and C. Koenig re

litigation and scope

0.20 $130.00

JMW Analyze scheduling order re interpleader MSJ 0.10 $65.00

JMW Analyze and comment on and confer with K. Klee and D.

Bussel re draft responses to GO and retiree intervention

0.80 $520.00

JMW Research re potential defenses to GO/retiree intervention 0.40 $260.00

11/19/2017 KNK Analyze correspondence from B. Whyte re National position;

reply

0.10 $140.00

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Bill # 16159

.

Date Init Description Hours Amount

KNK Prepare correspondence to M. Goldstein re National position 0.10 $140.00

11/20/2017 KNK Prepare correspondence to S. Pearson re Omnibus hearing 0.10 $140.00

KNK Prepare correspondence to B. Whyte re appellate strategy 0.10 $140.00

KNK Analyze correspondence from D. Bussel re appellate strategy 0.10 $140.00

KNK Telephone conference with R. Pfister re appellate strategy 0.10 $140.00

DJB Email correspondence with J. Weiss, R. Pfister, and K. Klee

re appellate issues

0.20 $239.00

DJB Confer with R. Pfister re appellate issues 0.10 $119.50

JMW Research regarding bankruptcy appellate rights and options 4.70 $3,055.00

JMW Analyze filed versions of COFINA Agent responses re

intervention

0.20 $130.00

RJP Review email correspondence re potential appellate route for

adverse decision on scope motions

0.10 $92.50

RJP Telephone conference with K. Klee re potential appellate

issues

0.10 $92.50

RJP Telephone conferences (multiple) with J. Weiss re potential

appellate issues and preparation of memorandum concerning

same

0.20 $185.00

RJP Meet with D. Bussel re potential appellate issues 0.10 $92.50

11/21/2017 KNK Analyze pleadings re UCC pleadings in

Commonwealth-COFINA dispute re joinder, reservation of

rights, and answers and defenses

1.10 $1,540.00

KNK Analyze articles re answers in Commonwealth-COFINA

dispute

0.20 $280.00

KNK Analyze correspondence from B. Whyte re Dec. 20 hearing

and scope motions

0.10 $140.00

DJB Review reports re reserved decision on UCC issues (HTA)

and argument

0.30 $358.50

JMW Work on memorandum re bankruptcy appellate rights and

issues

7.60 $4,940.00

11/22/2017 DJB Review and revise memo re interlocutory appeal from order

on scope motions

0.70 $836.50

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Bill # 16159

.

Date Init Description Hours Amount

DJB Email correspondence with working group re interlocutory

review memo

0.10 $119.50

JMW Finish draft of memo re bankruptcy appellate jurisdiction and

related rights and issues

4.30 $2,795.00

JMW Exchange e-mail correspondence with D. Bussel re strategy

on scope motion response

0.10 $65.00

RJP Review correspondence re third-party subpoenas 0.10 $92.50

RJP Analyze draft memorandum re potential interlocutory appeal;

correspondence with D. Bussel and J. Weiss re same

0.30 $277.50

11/26/2017 DJB Review scope motions 1.50 $1,792.50

11/27/2017 KNK Telephone conference with B. Whyte re motion to stay

litigation and mediation

0.10 $140.00

KNK Confer with J. Weiss re motion to stay and mediation 0.10 $140.00

DJB Review final interlocutory appeal memo 0.20 $239.00

JMW Research and finalize draft re interlocutory appeal memo and

prepare correspondence to K. Klee

1.40 $910.00

11/28/2017 KNK Analyze memo re interlocutory appeals and send to B. Whyte

et al.

0.20 $280.00

KNK Prepare correspondence to C. Koenig et al re motion to stay

litigation

0.10 $140.00

KNK Analyze pleadings re scope motions and response 1.20 $1,680.00

DJB Email correspondence with working group re comments to

draft scheduling motion

0.20 $239.00

DJB Review and revise J. Weiss draft scheduling motion 0.70 $836.50

JMW Analyze memo re appeal rights 0.20 $130.00

JMW Work on motion re scheduling order and potential revisions 6.80 $4,420.00

11/29/2017 KNK Confer with B. Whyte re litigation strategy 0.50 $700.00

KNK Analyze pleadings re COFINA agent response to scope

motion objections

0.40 $560.00

KNK Analyze pleadings re amended revised scheduling motion 0.10 $140.00

KNK Prepare correspondence to B. Whyte et al re revisions to

scheduling motion

0.10 $140.00

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Bill # 16159

.

Date Init Description Hours Amount

DJB Review draft answer to scope motions 0.60 $717.00

JMW Work on motion re litigation scheduling 1.60 $1,040.00

JMW Analyze draft response to scope motion 0.80 $520.00

11/30/2017 KNK Revise opposition to motions to limit scope of

Commonwealth-COFINA dispute; emails

0.30 $420.00

KNK Prepare correspondence to M. Feldmand; B. Whyte et al re

Dec. 20 hearing

0.10 $140.00

KNK Analyze pleadings re Commonwealth agent informative

motion re Dec. 20 hearing

0.10 $140.00

DJB Review and comment on reply to scope motion 1.30 $1,553.50

DJB Email correspondence with working group re reply to scope

motion

0.10 $119.50

JMW Analyze K. Klee and Willkie correspondence re scope motion

response

0.10 $65.00

Professional Services Rendered 77.90 $73,271.00

In Reference To: Case Administration

For Services Rendered Through 11/30/2017

File No.: 2291-0002

Label27

Label27

Professional Services

Date Init Description Hours Amount

11/1/2017 KNK Analyze correspondence from B. Whyte re Sr bondholder DIP

proposal; reply

0.20 $280.00

KNK Telephone conference with B. Whyte re DIP proposal 0.10 $140.00

DJB Review DIP update and related email correspondence with N.

Navarro and working group

0.20 $239.00

11/2/2017 DJB Confer with N. Navarro re expanded local counsel role 0.50 $597.50

DJB Email correspondence with B. Whyte, KTBS working group,

and Willkie working group re N. Navarro information flow

0.30 $358.50

JMW Analyze correspondence from N. Navarro and B. Whyte re

Puerto Rico meetings

0.20 $130.00

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.

Date Init Description Hours Amount

JMW Analyze committee responses re 90 day stay and 2004 motion 0.40 $260.00

11/3/2017 DJB Email correspondence with COFINA working group and N.

Navarro re Senior DIP proposal

0.30 $358.50

JMW Analyze entered immunity order 0.20 $130.00

JMW Analyze (multiple) responses and objections to Aurelius

motion

1.20 $780.00

11/7/2017 KNK Analyze pleadings re AMBAC request for notice 0.10 No Charge

DJB Review report of HR hearing re Puerto Rico recovery and

FOMB

0.20 $239.00

DJB Email correspondence with FOMB and M. Rodriguez re DIP

and HR oversight

0.20 $239.00

DJB Review N. Navarro hearing report 0.20 $239.00

JMW Analyze (multiple) informative motions re November hearing 0.10 $65.00

11/13/2017 JMW Analyze correspondence from A. Yanez and N. Navarro re PR

hearings

0.10 $65.00

JMW Analyze summary of CTO hearing 0.10 $65.00

11/14/2017 DJB Review press reports re FOMB accountability 0.10 No Charge

JMW Analyze agenda for 11/15 hearing 0.10 $65.00

11/15/2017 DJB Review summary of omnibus hearing results 0.10 $119.50

11/16/2017 JMW Exchange e-mail correspondence with N. Navarro re notice

procedures

0.10 $65.00

JMW Analyze correspondence from B. Whyte and N. Navarro re

debt forgiveness and repayment issues

0.10 $65.00

11/17/2017 JMW Analyze Committee informative and urgent motions re 12/5

hearing

0.10 $65.00

11/20/2017 JMW Analyze summary of creditor input to fiscal plan 0.30 $195.00

JMW Analyze Aurelius replies re MTD and lift stay motion 0.40 $260.00

11/22/2017 JMW Analyze correspondence from B. Whyte re Puerto Rico

treasury liquidity

0.10 $65.00

11/28/2017 DJB Review BNYM notice to bondholders 0.20 $239.00

JMW Analyze letter from Oversight Board re payment of bonuses 0.10 $65.00

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COFINA - Bettina Whyte as Agent Page 10

Bill # 16159

.

Date Init Description Hours Amount

JMW Analyze correspondence from B. Whyte re various case issues 0.10 $65.00

Professional Services Rendered 6.40 $5,454.00

In Reference To: Meetings/Creditor Communications

For Services Rendered Through 11/30/2017

File No.: 2291-0003

Label27

Label27

Professional Services

Date Init Description Hours Amount

11/1/2017 KNK Telephone conference with B. Whyte re Sr. bondholder DIP

proposal and settlement

0.20 $280.00

KNK Conference call with B. Whyte, J. Minias et al re weekly

update and strategy

0.50 $700.00

DJB Weekly call with COFINA working group 0.50 $597.50

JMW Weekly call re updates and case strategy 0.50 $325.00

11/3/2017 KNK Analyze correspondence from M. Rodriguez re Sr. Note DIP

proposal; emails

0.10 $140.00

11/7/2017 KNK Analyze correspondence from B. Whyte and S. Kirpilani re

Sr. Noteholders DIP proposal; emails

0.20 $280.00

11/8/2017 KNK Conference call with B. Whyte, M. Feldman et al re weekly

update re litigation strategy

0.70 $980.00

DJB Weekly COFINA status call 0.50 $597.50

JMW Weekly call with B. Whyte and Willkie 0.70 $455.00

11/9/2017 KNK Analyze correspondence from J. Minias re Sr. Bond position

and meeting; reply

0.10 $140.00

11/12/2017 KNK Analyze correspondence from B. Whyte re strategy

conference; reply

0.10 $140.00

JMW Exchange e-mail correspondence with B. Whyte and Willkie

re update call

0.10 $65.00

11/13/2017 KNK Conference call with S. Kirpalani, B. Whyte et al re

settlement structure

0.70 $980.00

DJB Call with Senior COFINA representatives re mediation

strategy, SUT issues

0.70 $836.50

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.

Date Init Description Hours Amount

JMW Call with Senior COFINA Coalition re case strategy 0.70 $455.00

11/14/2017 KNK Conference call with B. Whyte, E. Kaye, Miller Buckfire re

settlement

0.50 $700.00

KNK Conference call with B. Whyte, M. Feldman re settlement 0.20 $280.00

DJB Confer with Senior COFINA bondholder group

representatives re mediation proposal

0.50 $597.50

DJB Email correspondence with working group re Miller Buckfire

/ Quinn meeting

0.20 $239.00

JMW Call with COFINA seniors re strategy 0.50 $325.00

JMW Call with Willkie and B. Whyte re follow up from seniors’

call

0.20 $130.00

11/16/2017 KNK Telephone conference with M. Tennenbaum re COFINA

bonds

0.40 $560.00

11/17/2017 KNK Conference call with B. Whyte, M. Feldman et al re litigation

strategy

0.50 $700.00

DJB Confer with COFINA Agent working group re settlement

discussions with Commonwealth Agent (11/29)

0.50 $597.50

JMW Weekly call with B. Whyte and Willkie 0.50 $325.00

11/20/2017 KNK Telephone conference with M. Sonkin and M. Goldstein re

litigation and settlement and strategy

0.20 $280.00

KNK Conference call with M. Feldman and B. Whyte re litigation

strategy and settlement

0.40 $560.00

JMW Telephone conference with B. Whyte and Willkie re case

updates

0.40 $260.00

11/29/2017 KNK Conference call with creditor working group 0.80 $1,120.00

11/30/2017 KNK Analyze correspondence from C. Koenig re meeting with

COFINA juniors; reply

0.10 $140.00

Professional Services Rendered 12.20 $13,785.50

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Bill # 16159

.

In Reference To: Mediation/Negotiations

For Services Rendered Through 11/30/2017

File No.: 2291-0004

Label27

Label27

Professional Services

Date Init Description Hours Amount

11/1/2017 KNK Analyze correspondence from M. Hindman re call with

mediation team; confer with client and KTBS; emails

0.20 $280.00

DJB Email correspondence with N. Navarro re monitoring

hearings/creditor outreach

0.10 No Charge

JMW Analyze correspondence from K. Klee re mediation update

call

0.10 $65.00

11/2/2017 KNK Conference call with B. Houser and creditors re mediation

update

0.60 $840.00

KNK Confer with D. Bussel re mediation strategy 0.30 $420.00

DJB Review Willkie memo re mediation conference 0.10 $119.50

DJB Confer with K. Klee re mediation strategy 0.30 $358.50

DJB Confer with J. Weiss re mediation strategy 0.10 $119.50

JMW Participate in call with mediation team re mediation schedule 0.50 $325.00

JMW Analyze correspondence from C. Koenig re mediation

schedule

0.10 $65.00

JMW Exchange e-mail correspondence with B. Whyte re November

9 fiscal plan meeting

0.10 $65.00

JMW Exchange e-mail correspondence with K. Klee re mediation

update

0.10 $65.00

11/6/2017 DJB Email correspondence with N. Navarro re DIP issues 0.10 $119.50

11/7/2017 KNK Analyze correspondence from B. Houser re mediation issues

and new schedule

0.10 $140.00

KNK Telephone conference with B. Whyte re mediation 0.10 $140.00

DJB Confer with N. Navarro re DIP / monitoring 0.40 $478.00

DJB Confer with J. Weiss and K. Klee re Navarro monitoring 0.20 $239.00

DJB Confer with N. Navarro re Navarro monitoring 0.40 $478.00

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Date Init Description Hours Amount

DJB Email correspondence with N. Navarro and B. Whyte re

Navarro monitoring

0.20 $239.00

DJB Review revised mediation schedule and related email

correspondence with working group

0.30 $358.50

SDP Analyze memo re updated mediation schedule; confer with K.

Klee re same

0.30 $103.50

JMW Analyze updated mediation memo and correspondence from

C. Koenig re same

0.20 $130.00

11/8/2017 DJB Email correspondence with B. Whyte and N. Navarro re

monitoring

0.10 $119.50

DJB Review reports re bond holdings 0.10 $119.50

DJB Review reports re SUT issues 0.20 $239.00

DJB Email correspondence with N. Navarro re SUT issues 0.10 $119.50

11/9/2017 DJB Email correspondence with working group re FOMB/AAFAF

disputes

0.10 $119.50

DJB Review report of creditor meeting (fiscal plan) 0.20 $239.00

11/10/2017 DJB Email correspondence with KTBS working group and B.

Whyte re implications for securitizations nationally

0.10 $119.50

DJB Email correspondence with working group re fiscal plan

MNPI

0.10 $119.50

JMW Analyze correspondence from B. Whyte (multiple) re

mediation settlement options

0.30 $195.00

11/14/2017 DJB Confer with Willkie re mediation proposal 0.10 $119.50

DJB Review Miller Buckfire deck re SUT 0.40 $478.00

DJB Email correspondence with working group re structured

settlement process

0.30 $358.50

JMW Analyze draft settlement framework and correspondence re

same

0.30 $195.00

11/15/2017 DJB Review reports on hearing before Natural Resources

Commission

0.30 $358.50

DJB Email correspondence with working group re case

status/updates

0.20 $239.00

DJB Review report of FOMB FA meeting with creditor

constituencies FA

0.20 $239.00

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Date Init Description Hours Amount

DJB Review reports re new fiscal plan debt capacity and email

correspondence with working group re same

0.30 $358.50

DJB Email correspondence with working group re debt

moratorium proposals

0.10 $119.50

11/16/2017 DJB Email correspondence with working group re settlement talks

with Commonwealth Agent

0.10 $119.50

11/20/2017 KNK Analyze correspondence from B. Whyte re mediation protocol 0.10 $140.00

KNK Telephone conference with B. Whyte re National position 0.10 $140.00

DJB Email correspondence with working group mediation team re

confidentiality

0.20 $239.00

JMW Analyze correspondence from B. Whyte re mediation

confidentiality

0.10 $65.00

11/21/2017 KNK Analyze correspondence from J. Minias and B. Whyte re

meeting with LUC and Sr. Bondholders views

0.10 $140.00

DJB Review news reports re mediation posture (Bloomberg) 0.10 No Charge

DJB Review news reports re AAFAF 0.10 No Charge

11/22/2017 KNK Analyze correspondence from B. Whyte re settlement strategy 0.10 $140.00

KNK Analyze correspondence from C. Koenig re talking points for

meeting with L. Despins

0.30 $420.00

KNK Prepare correspondence to C. Koenig et al re revisions to

talking points

0.10 $140.00

DJB Review talking points memo for settlement conference with

Commonwealth Agent

0.50 $597.50

DJB Email correspondence with working group re talking points

memo

0.30 $358.50

DJB Review press reports re tax receipts 0.10 No Charge

JMW Analyze draft presentation re agents’ meeting and related corr

between K. Klee, B. Whyte, and Willkie

0.20 $130.00

11/27/2017 KNK Analyze correspondence from B. Whyte re settlement 0.10 $140.00

KNK Prepare correspondence to B. Whyte re settlement 0.10 $140.00

KNK Conference call with B. Whyte and M. Feldman et al re

settlement

0.30 $420.00

DJB Analyze press reports re fiscal plan 0.10 $119.50

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Date Init Description Hours Amount

DJB Email correspondence with J. Weiss re creditor representative

veto rights

0.20 $239.00

DJB Confer with working group re case status, scope motion

response, and mediation

0.60 $717.00

JMW Call with B. Whyte and Willkie re settlement discussions 0.30 $195.00

JMW Analyze slides in preparation for call re settlement 0.20 $130.00

JMW Analyze Commonwealth-COFINA stipulation re negotiation

and mediation issues

0.30 $195.00

11/28/2017 DJB Analyze press reports re fiscal plan, legislative action 0.10 No Charge

11/29/2017 KNK Confer with B. Whyte re settlement strategy 0.70 $980.00

KNK Confer with B. Whyte, M. Feldman et al re settlement 0.90 $1,260.00

KNK Prepare for meeting with L. Despins et al re settlement of

Commonwealth-COFINA dispute

0.80 $1,120.00

KNK Confer with B. Whyte, L. Despins et al re settlement 1.00 $1,400.00

JMW Telephone conference with K. Klee re update on meeting 0.20 $130.00

11/30/2017 DJB Confer with K. Klee re settlement discussions with

Commonwealth Agent

0.20 $239.00

Professional Services Rendered 17.00 $19,057.50

In Reference To: Fee Applications and Retention

For Services Rendered Through 11/30/2017

File No.: 2291-0005

Label27

Label27

Professional Services

Date Init Description Hours Amount

11/2/2017 SDP Analyze correspondence from A. Ambeault re N.

Navarro-Cabrer's statement of no objection

0.10 No Charge

JMW Work on monthly fee statement 1.10 $715.00

11/3/2017 SDP Analyze email exchange between N. Navarro-Cabrer and A.

Ambeault re statement of no objection

0.10 $34.50

11/7/2017 KNK Analyze pleadings re revised interim fee order 0.10 $140.00

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Date Init Description Hours Amount

11/8/2017 DJB Review fee examiner correspondence to court 0.10 $119.50

SDP Prepare monthly fee application 1.10 $379.50

11/9/2017 SDP Work on monthly fee application and exhibits 0.50 $172.50

SDP Exchange e-mail correspondence with N. Navarro-Cabrer re

monthly fee statement

0.20 $69.00

SDP Confer with J. Weiss re service of monthly fee statements 0.10 No Charge

11/13/2017 SDP Analyze correspondence from N. Navarro-Cabrer re statement

of no objection to October fee statement

0.10 $34.50

11/15/2017 KNK Analyze correspondence from J. Weiss re notice of

nonpayment of fees; confer with J. Weiss; call S. Uhland

(voicemail message)

0.20 $280.00

JMW Serve notice of non-payment of fees and draft correspondence

to S. Uhland re same

0.30 $195.00

11/16/2017 KNK Prepare correspondence to S. Uhland re unpaid fees and

expenses; emails re same

0.30 $420.00

JMW Work on third monthly fee statement 1.40 $910.00

JMW Prepare correspondence (several) to S. Uhland re unpaid fees

for KTBS, B. Whyte, and Navarro

0.60 $390.00

11/17/2017 KNK Analyze pleadings re October fee application; email J. Weiss 0.20 $280.00

SDP Analyze correspondence from J. Weiss re monthly fee

statement

0.10 $34.50

JMW Finalize third monthly fee application 1.10 $715.00

11/20/2017 DJB Email correspondence with working group re AAFAF

budgeting request

0.10 $119.50

11/21/2017 SDP Analyze correspondence between J. Weiss and N.

Navarro-Cabrer re statement of no objection (multiple)

0.30 No Charge

11/22/2017 SDP Analyze correspondence from N. Navarro-Cabrer re finalized

statement of no objection

0.10 $34.50

11/27/2017 KNK Telephone conference with S. Uhland re payment 0.10 $140.00

DJB Email correspondence with N. Navarro re interim

fees/delinquency

0.20 No Charge

SDP Prepare KTB&S statement of no objection 0.20 $69.00

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Date Init Description Hours Amount

SDP Exchange e-mail correspondence with J. Weiss re KTB&S

statement of no objection

0.20 $69.00

JMW Confer with with K. Klee re next steps re payment of fees 0.30 $195.00

11/28/2017 KNK Prepare correspondence to S. Uhland re payment 0.10 $140.00

KNK Analyze pleadings re revised non-payment motion 0.10 $140.00

DJB Voicemail message from S. Uhland re interim fees 0.10 No Charge

DJB Email correspondence with K. Klee re interim fees 0.10 No Charge

DJB Email correspondence with working group re AAFAF

budgeting request

0.20 $239.00

SDP Finalize KTB&S's statement of no objection to October fee

statement

0.10 $34.50

SDP Serve KTB&S's and N. Navarro-Cabrer's statements of no

objection to October fee statement

0.80 $276.00

SDP Exchange e-mail correspondence with N. Navarro-Cabrer re

statement of no objection re October fee statement

0.20 $69.00

JMW Analyze correspondence re statement of no objection 0.10 $65.00

11/29/2017 KNK Telephone conference with S. Uhland re fee payment 0.10 $140.00

KNK Telephone conference with J. Weiss re fee payment motion

resolution

0.10 $140.00

DJB Email correspondence with working group re interim fee

payments

0.20 $239.00

DJB Review correspondence with working group and O'Melveny

re interim fee payments

0.10 $119.50

JMW Analyze letter from S. Uhland to Banco Popular 0.10 $65.00

11/30/2017 KNK Analyze correspondence from S. Uhland re payment of

COFINA agent professionals; reply

0.10 $140.00

11/28/2017 KNK Analyze correspondence from C. Koenig re Willkie fee

dispute; reply

0.10 $140.00

Professional Services Rendered 11.80 $7,463.00

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Label27

Label27

In Reference To: Budget

For Services Rendered Through 11/30/2017

File No.: 2291-0007

Label27

Label27 Professional Services

Date Init Description Hours Amount

11/15/2017 KNK Telephone conference with S. Uhland re budget 0.10 $140.00

11/16/2017 KNK Prepare and review budgets and email same to S. Uhland 0.30 $420.00

JMW Work on budgets for balance of 2017 1.00 $650.00

JMW Exchange e-mail correspondence with B. Whyte re November

budget

0.10 $65.00

11/20/2017 SDP Conference call with J. Weiss and N. Navarro-Cabrer re

budget

0.20 $69.00

SDP Analyze email exchange between J. Weiss and N.

Navarro-Cabrer re budget (several)

0.20 $69.00

JMW Telephone conference with N. Navarro re budgeting 0.10 $65.00

11/28/2017 KNK Prepare correspondence to S. Uhland re budget 0.10 $140.00

KNK Analyze correspondence from S. Uhland re budget 0.10 $140.00

JMW Exchange e-mail correspondence with C. Koenig re budgeting 0.10 $65.00

Professional Services Rendered 2.30 $1,823.00

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In Reference To: Discovery/Fact Analysis

For Services Rendered Through 11/30/2017

File No.: 2291-0008

Label27

Label27

Professional Services

Date Init Description Hours Amount

11/1/2017 KNK Telephone conference with B. Whyte re local counsel data

gathering

0.10 $140.00

JMW Analyze documents and responses re scope of third party

discovery

1.40 $910.00

11/2/2017 KNK Analyze correspondence from B. Whyte and J. Weiss re fiscal

plan meetings and issues

0.20 $280.00

DJB Review Banco Popular proposal re third party subpoena

compliance

0.20 $239.00

DJB Review motions and email correspondence with working

group re 2004 request, UCC objection to FGIC stay

0.20 $239.00

JMW Analyze letter from M. Neiburg re Popular Securities

discovery

0.30 $195.00

JMW Prepare responses to various underwriters and law firms re

narrowed scope of discovery and responses to date

1.30 $845.00

RJP Review email correspondence re third-party subpoenas on

financial institutions

0.10 $92.50

11/3/2017 KNK Analyze correspondence from S. Hussein re COFINA

discovery

0.10 $140.00

DJB Email correspondence with COFINA Agent working group re

third party subpoenas; review Willkie summary chart

0.50 $597.50

DJB Email correspondence with Willkie re client consent to

production

0.10 $119.50

JMW Work on third party discovery meet and confers 0.80 $520.00

JMW Analyze correspondence re DIP proposal 0.20 $130.00

RJP Telephone conference with J. Weiss re third-party Subpoenas

and status/progress of litigation generally

0.10 $92.50

RJP Exchange email correspondence with Willkie team re

third-party subpoenas on financial institutions and

strategy/next steps with respect to same

0.20 $185.00

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Date Init Description Hours Amount

11/6/2017 KNK Analyze correspondence from B. Whyte re fiscl plan meetings 0.10 $140.00

JMW Analyze stipulated facts in BNYM adversary proceeding 0.20 $130.00

JMW Exchange e-mail correspondence with C. Koenig and B.

Whyte re November 9 Oversight Board meeting

0.20 $130.00

11/7/2017 KNK Analyze correspondence from S. Cooper re discovery; email

R. Pfister and J. Weiss

0.10 $140.00

KNK Analyze summary of oversight board review of fiscal plans 0.10 $140.00

DJB Email correspondence with O'Melveny and Willkie re

discovery issues

0.20 $239.00

JMW Attend (by video) Oversight Board testimony before House

Natural Resources Committee (partial)

2.20 $1,430.00

JMW Analyze N. Cabrer summary of House hearing 0.10 $65.00

JMW Analyze National reply re 2004 discovery 0.20 $130.00

RJP Review correspondence re document search terms and

outstanding discovery disputes

0.10 $92.50

11/8/2017 KNK Analyze article re suspension of SUT; emails 0.20 $280.00

RJP Review correspondence re discovery disputes and open

issues; attention to newly-produced materials

0.20 $185.00

11/9/2017 KNK Analyze articles re SUT; emails 0.20 $280.00

JMW Analyze correspondence and attachments from B. Whyte re

fiscal plan and related matters

0.30 $195.00

JMW Analyze summary and slides re fiscal plan creditor session 0.40 $260.00

11/10/2017 JMW Review slides re formulation of new fiscal plan 0.20 $130.00

RJP Review newly-produced materials and confer with D. Bussel

re discovery timing and trial

0.20 $185.00

11/12/2017 DJB Review O'Melveny correspondence re objections to

production

0.20 $239.00

DJB Review J. Weiss draft meet and confer letter and furnish

comment

0.20 $239.00

JMW Prepare meet and confer letters to multiple discovery

recipients, including analysis of objections and responses

provided by such parties and scope of narrowed requests

5.20 $3,380.00

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Date Init Description Hours Amount

JMW Analyze letter from J. Daniels re AAFAF discovery 0.10 $65.00

RJP Review correspondence from J. Daniels re open discovery

matters

0.20 $185.00

RJP Review correspondence from J. Weiss re draft

meet-and-confer letter

0.10 $92.50

11/13/2017 KNK Analyze correspondence from J. Weiss re discovery requests 0.10 $140.00

DJB Confer with J. Weiss re comments to third party subponea

compromise proposal

0.10 $119.50

DJB Review J. Weiss correspondence to Willkie re third party

discovery

0.10 $119.50

JMW Revise and correspond with D. Bussel re discovery letters and

prepare correspondence to S. Hussein re same

1.20 $780.00

JMW Confer with R. Pfister re third party discovery issues 0.20 $130.00

RJP Review correspondence re meet-and-confer process for

third-party subpoenas to financial institutions

0.10 $92.50

11/14/2017 DJB Email correspondence with Willkie re third party discovery 0.10 $119.50

JMW Attend (by video) House committee natural resources meeting

re Puerto Rico issues (partial)

2.50 $1,625.00

JMW Work on third party discovery issues re UBS 0.20 $130.00

JMW Exchange e-mail correspondence with S. Hussein re meet and

confer letters re third party discovery

0.10 $65.00

JMW Analyze correspondence from M. Neiburg (Popular Bank) re

third party discovery

0.10 $65.00

RJP Review correspondence re meet-and-confer letters to

third-party subpoena recipients

0.10 $92.50

11/15/2017 KNK Analyze correspondence from H. Honig re summary of

creditors financial advisor's meeting

0.20 $280.00

KNK Analysis re suspension and forgiveness of debt 0.20 $280.00

DJB Review email correspondence with Willkie re third party

discovery

0.10 $119.50

JMW Prepare, finalize and send meet and confer letters for

underwriters and law firm recipients of third party discovery

3.00 $1,950.00

JMW Analyze stipulation and order from J. Daniels at AAFAF 0.20 $130.00

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.

Date Init Description Hours Amount

JMW Analyze letter and production from Popular Securities 0.20 $130.00

11/16/2017 DJB Review email correspondence with third parties re subpoenas

and compromise production

0.20 $239.00

JMW Prepare for call with UBS counsel 0.30 $195.00

JMW Meet and confer call with UBS counsel 0.20 $130.00

11/17/2017 JMW Work on letter re UBS discovery dispute 0.80 $520.00

JMW Exchange e-mail correspondence with counsel for JP Morgan

re meet and confer

0.10 $65.00

11/19/2017 KNK Analyze creditor issues re budget; emails 0.20 $280.00

DJB Review draft questions by Creditor FAs re revised fiscal plan 0.20 $239.00

11/21/2017 KNK Analyze correspondence from A. Ambeault re AAFAF 0.10 $140.00

KNK Analyze correspondence from J. Weiss and S. Hussein re

discovery meet and confers

0.10 $140.00

DJB Email correspondence with working group re third party

subpoena (JPM Chase)

0.10 $119.50

JMW Telephone conference with counsel to JP Morgan re meet and

confer on third party discovery

0.40 $260.00

JMW Prepare for JP Morgan meet and confer (analyze subpoena,

response, and prior correspondence)

0.50 $325.00

JMW Exchange e-mail correspondence with J. Fitts re meet and

confer re Barclays discovery

0.10 $65.00

11/22/2017 KNK Analyze correspondence from J. Weiss re Barclay's discovery 0.10 $140.00

DJB Email correspondence with working group re third party

discovery (Barclays/Citi)

0.30 $358.50

JMW Telephone conference with counsel to Barclays re third party

discovery

0.20 $130.00

JMW Prepare for Barclays call re third party discovery 0.30 $195.00

JMW Analyze letter from M. Spillane re certain underwriters third

party discovery and exchange e-mail correspondence with M.

Spillane re follow up

0.20 $130.00

11/27/2017 JMW Exchange e-mail correspondence with M. Spillane re meet

and confer

0.10 $65.00

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.

Date Init Description Hours Amount

RJP Review correspondence re negotiations concerning third-party

subpoenas to financial institutions

0.10 $92.50

11/28/2017 DJB Email correspondence re AMBAC 2004 motion 0.10 $119.50

11/29/2017 KNK Analyze correspondence from J. Weiss and S. Hussein re

discovery issues; replies

0.20 $280.00

DJB Review summaries of discovery rulings re SUT and related

email correspondence with working group

0.30 $358.50

DJB Email correspondence with working group re accessing

document productions

0.20 $239.00

DJB Email correspondence with working group re third party

discovery status

0.20 $239.00

JMW Analyze correspondence from B. Whyte re SUT collections 0.10 $65.00

JMW Analyze 2004 motion from AMBAC re Sales and Use tax

issues

0.70 $455.00

JMW Meet and confer with M. Spillane re discovery 0.50 $325.00

JMW Prepare for meet and confer with M. Spillane 0.20 $130.00

JMW Exchange e-mail correspondence with D. Elbaum re JP

Morgan meet and confer

0.10 $65.00

RJP Review correspondence re third-party financial institution

subpoenas, document productions, and draft scope motions

0.20 $185.00

11/30/2017 KNK Analyze articles pertaining to Commonwealth-COFINA

dispute

0.20 $280.00

JMW Analyze letter from S. Cooper to J. Daniels re discovery

dispute

0.10 $65.00

JMW Update analysis of KTBS subpoenas and status of meet and

confers

0.50 $325.00

Professional Services Rendered 34.00 $26,404.50

In Reference To: Non-Working Travel

For Services Rendered Through 11/30/2017

File No.: 2291-0009

Label27

Label27

Professional Services

Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

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Date Init Description Hours Amount

11/28/2017 KNK Non-working travel to New York 3.70 $5,180.00

KNK Non-working travel to New York 3.70 No Charge

11/29/2017 KNK Travel to Los Angeles 4.50 $6,300.00

KNK Travel to Los Angeles 4.50 No Charge

Professional Services Rendered 16.40 $11,480.00

Total fees and expenses incurred $163,287.16

Timekeeper Summary

Name Hours Rate Amount

Label6

Label6

Bussel, Daniel J. 1.00 0.00 No Charge

Bussel, Daniel J. 27.40 1195.00 $32,743.00

Pearson, Shanda D. 0.50 0.00 No Charge

Pearson, Shanda D. 4.40 345.00 $1,518.00

Klee, Kenneth N. 8.30 0.00 No Charge

Klee, Kenneth N. 46.40 1400.00 $64,960.00

Pfister, Robert J. 3.70 925.00 $3,422.50

Weiss, Jonathan M. 86.30 650.00 $56,095.00

178.00 $158,738.50

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 Document Page 107 of 197
Itemized Expenses for the Period November 1, 2017 Through November 30, 2017

Date Expense Category Total Description Invoice No.

11/07/2017 Delivery Services/Messengers $ 88.20 

FedEx to Hermann D. Bauer, Esq at Oneill & Borges LLC on 

10/31/17 16159

11/07/2017 Delivery Services/Messengers $ 88.20 

FedEx to Andres W. Lopez, Esq. at Law Offices of Andres 

W. Lopez on 10/31/17 16159

11/14/2017 Delivery Services/Messengers $ 15.63 

FedEx to Paul V. Possinger, Esq. at Proskauer Rose LLP on 

10/17/17 16159

11/14/2017 Delivery Services/Messengers $ 15.63 

FedEx to Catherine Steege & Melissa Ro at Jenner & Block 

LLP on 10/17/17 16159

11/14/2017 Delivery Services/Messengers $ 15.63 

FedEx to Brady C. Williamson at Godfrey & Kahn on 

10/17/17 16159

11/14/2017 Delivery Services/Messengers $ 15.63 

FedEx to Paul V. Possinger, Esq. at Proskauer Rose LLP on 

10/31/17 16159

11/14/2017 Delivery Services/Messengers $ 16.24 

FedEx to M. Bienenstock & E. Barak at Proskauer Rose LLP 

on 10/17/17 16159

11/14/2017 Delivery Services/Messengers $ 16.24 

FedEx to Guy G. Gebhardt at Acting U.S. Trustee - Region 2 

on 10/17/17 16159

11/14/2017 Delivery Services/Messengers $ 16.24 

FedEx to Robert Gordon & Richard Levin at Jenner & Block 

LLP on 10/17/17 16159

11/14/2017 Delivery Services/Messengers $ 16.24 

FedEx to J. Rapisardi, S. Uhland at OMelveny & Myers LLP 

on 10/17/17 16159

11/14/2017 Delivery Services/Messengers $ 16.24 

FedEx to Luc. A Despins, Esq. at Paul Hastings LLP on 

10/17/17 16159

11/14/2017 Delivery Services/Messengers $ 16.24 

FedEx to M. Bienenstock & E. Barak at Proskauer Rose LLP 

on 10/31/17 16159

11/14/2017 Delivery Services/Messengers $ 16.24 

FedEx to J. Rapisardi, S. Uhland, D. at OMelveny & Myers 

LLP on 10/31/17 16159

11/14/2017 Delivery Services/Messengers $ 21.02 FedEx to Bettina Whyte on 10/17/17 16159

11/28/2017 Travel $ 1,122.31 Hotel K. Klee 11/28/2017 New York 16159

11/30/2017 Delivery Services/Messengers $ 27.90 

FedEx to Hermann D. Bauer, Esq. at Oneill & Borges LLC on 

11/17/17 16159

11/30/2017 Delivery Services/Messengers $ 27.90 FedEx to Edificio Ochoa at Office of US Trustee on 11/17/17 16159

11/30/2017 Delivery Services/Messengers $ 27.90 

FedEx to A.J. Bennazar-Zequeira, Esq. at Bennazar, Garcia & 

Milian on 11/17/17 16159

11/30/2017 Delivery Services/Messengers $ 27.90 

FedEx to Juan Casillas Ayala, Alberto Negro at Casillas, 

Santiago & Torres LLC on 11/17/17 16159

11/30/2017 Parking $ 47.26 Parking at LAX airport on 11/28/17 for K. Klee 16159

11/30/2017 Online Research $ 294.67 Westlaw - November 2017 16159

11/30/2017 Travel $ 1,012.20 Airfare from LAX to JFK on 11/28/17 for K. Klee 16159

11/30/2017 Travel $ 1,587.00 Aifare from JFK to LAX on 11/29/17 for K. Klee 16159

Total $ 4,548.66 

1 of 1

Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

 Document Page 108 of 197
Kenneth N. KIee

From: The Ritz-Canton Reservations <reservations@ ritzcarlton-res.com>

Sent: Friday, November 17, 2017 1:47 PM

To: Kenneth N. Klee

Subject: Reservation Confirmation #84594999 for The Ritz-Canton New York, Central Park

~ ~

The Ritz-Ca riton New York, Central Park

~ 50 Central Park South New York New York 10019 USA

L3 +1-212~308-9100

Hotel Website Map & Directions

Plan Your Stay

Reservation Confirmation: 84594999

For MR Kenneth KIee SILVER ELITE

~ ~;TE Tuesday, November 28,

2017 Wednesday, November

CHEJMN T IM 03:00 PM 29, 2017

‘1.. ME 12:00 PM

—,

Dear MR Kenneth KIee,

A memorable experience is about to begin.

We welcome you to the The Ritz-Canton New York, Central Park, where legendary

service, inspiring surroundings and a variety of entertainment and amenities will

create the kind of stay you will never forget. Below are the details of all that awaits

you.

Sincerely,

The Ladies and Gentlemen of The Ritz-Carlton New York, Central Park

ENHANCE YOUR STAY

1

Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

 Document Page 109 of 197
Culinary Experiences

Enjoy tastefully memorable dining at our a Indulgeices

hotel

Escape to a world of comfort and relaxation

at our spa.

Li Explore Our Restaurants

LI Explore Our Spa

ROOM DETAILS

ROOM TYPF

Deluxe, Guest room, 1 KinglZi~,

t’~L ‘/B~R OF F OUMS 1

CUE~L R F OOM 1 Adult

G~ A~tA~J~ [ED V~ ETHOD

Credit Card Guarantee, Master Card

~P[Cl4L REQUESIS

Room 1

Request noted

Extra Feather Pillows

High Floor Room

Hotel Alert

Complimentary Wi-Fi for members of The Ritz-Carlton Rewards

SUMMARY OF CHARGES

RATES, TAXES & FEES ARE PER ROOM, PER NIGHT (USD)

Tuesday, November 28, 2017-Wednesday, November 29, 1 night 975.00 USD

2017

Rewards Member Rate

ESTH~~Ar[) ~?O~,eR~M T XES ~[ 147.31 USD

2

Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

 Document Page 110 of 197
Total for stay (for all rooms) 1,122.31 USD

Other Charges

Valet parking, fee: 75 USD daily

Fee does not include in/out privileges and

may vary based on make/model of vehicle.

Day use USD 55 for 4 hours maximum.

=--.~

RATE DETAILS AND CANCELLATION POLICY

—

You may cancel your reservation for no charge until Saturday, November 25, 2017 (3 day[s]

before arrival).

Please note that we will assess a fee of 1,122.31 USD if you must cancel after this deadline.

Travel agents: please note that this rate is commissionable.

Please note that a change in the length or dates of your reservation may result in a rate

change.

RATE GUARANTEE LIMITATION(S)

Changes in taxes or fees implemented after booking will affect the total room price.

ADDITIONAL INFORMATION

upon check-in an authorization request will be placed on your credit/debit card in an amount

equal to the cost of the room, tax and incidental charges for the length of your stay (up to seven

nights). If your stay exceeds seven nights, an additional authorization may be requested for the

entire amount of your stay (room, tax and incidentals). Upon check-out, your payment card will

be charged for the actual amount incurred during your stay.

YOUR REWARDS INFORMATION

R ~VA U~’ t’~V~L ,~Wif~ NUMt~~ REWARDS BENEFITS

SILVER ELITE XXXXX7916 As a Silver Elite member, you can enjoy the

following benefits during your stay:

• 20% Bonus on your Rewards base

points

• Priority Late check-out (2-hour

extension based on availability)

• Gift Shop Discount (10% discount on

Ritz-Canton merchandise purchases)

3

Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

 Document Page 111 of 197
Account: KLEE TUCHIN BOGDANOFF & STERN LLP, LOS ANGELES CA (1000442616)

Date Range: November 01, 2017 - November 30, 2017

Report Format: Detail-Account by Client

Products: Westlaw, WestlawNext

Content Families: All Content Families

Account by Client Database Time Transactions Docs/Lines Connect Time Standard 

Charge

Special Pricing 

Charge Tax Amount Total Charge

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Client 2280

QuickView+ - Report Page 1 of 2

https://www.quickview.com/Reports/UsageReportPrintable.aspx 3/13/2018

Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

 Document Page 112 of 197
 

 

 

 

 

 

 

 

 

 Client 2291

 Included

 MULTI-SEARCH KEYCITE 6 132.00 USD 29 80 USD 0.00 USD 29 80 USD

 MULTI-SEARCH DOCUMENT DISPLAYS 47 1,101.00 USD 248 58 USD 0.00 USD 248 58 USD

 MULTI-SEARCH TRANSACTIONAL 

SEARCHES 2 120.00 USD 27 09 USD 0.00 USD 27 09 USD

Totals for Included 55 1,353.00 USD 305.47 USD 0.00 USD 305.47 USD

Totals for Client 2291 55 1,353.00 USD 305.47 USD 0.00 USD 305.47 USD

 

 

 

 

 

 

 

 

 

QuickView+ - Report Page 2 of 2

https://www.quickview.com/Reports/UsageReportPrintable.aspx 3/13/2018

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Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

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Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

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169263.1 

EXHIBIT 4-C 

TIME AND EXPENSE DETAIL FOR DECEMBER 2017 

FEE STATEMENT 

Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

 Document Page 117 of 197
January 02, 2018

Bettina Whyte, as Agent for Corporacion

del Fondo de Interes Apremiante (COFINA)

Bill No. 16166

KLEE, TUCHIN, BOGDANOFF & STERN LLP

1999 Avenue of the Stars

Thirty-Ninth Floor

Los Angeles, California 90067

Telephone: (310) 407-4000

Facsimile: (310) 407-9090

Taxpayer I.D. No. 95-4744518

Matter Code Matter Name Fees Billed Expenses Billed Total Billed

0000 COFINA Expenses $0.00 $676.58 $676.58

0001 Litigation/Adversary $23,222.50 $0.00 $23,222.50

Proceedings

0002 Case Administration $1,968.00 $0.00 $1,968.00

0003 Meetings/Creditor $12,193.00 $0.00 $12,193.00

Communications

0004 Mediation/Negotiations $8,071.00 $0.00 $8,071.00

0005 Fee Applications and $15,734.50 $0.00 $15,734.50

Retention

0007 Budget $2,019.50 $0.00 $2,019.50

0008 Discovery/Fact Analysis $17,835.00 $0.00 $17,835.00

$81,043.50 $676.58 $81,720.08

Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

 Document Page 118 of 197
January 02, 2018

Bettina Whyte, as Agent for Corporacion

del Fondo de Interes Apremiante (COFINA)

Bill No. 16166

KLEE, TUCHIN, BOGDANOFF & STERN LLP

1999 Avenue of the Stars

Thirty-Ninth Floor

Los Angeles, California 90067

Telephone: (310) 407-4000

Facsimile: (310) 407-9090

Taxpayer I.D. No. 95-4744518

In Reference To:

For Services Rendered Through 12/31/2017

File No.: 2291-0000

Label27

Label27

Costs and Disbursements

Telephone

Telephone Conference Service $17.55

$17.55

Delivery services/messengers

FedEx to Hermano D. Bauer at Oneill & Borges LLC on 11/28/17 $88.62

FedEx to Andres W. Lopez at Law Offices of Andres W. Lopez on

11/28/17

$88.62

FedEx to Guy G. Gebhart at Acting US Trustee (Region 21) on

11/17/17

$16.28

FedEx to Bettina Whyte on 11/17/17 $21.07

FedEx to Brady C. Williamson at Godfrey & Kahn on 11/17/17 $15.66

FedEx to Catherine Steege, Melissa Root at Jenner & Block LLP on

11/17/17

$15.66

FedEx to Robert Gordon, Richard Levin at Jenner & Block LLP on

11/17/17

$16.28

FedEx to J. Rapisardi, S. Uhland at Omelveny & Myers LLP on

11/17/17

$16.28

FedEx to Luc. A. Despins at Paul Hastings on 11/17/17 $16.28

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COFINA - Bettina Whyte as Agent Page 2

Bill # 16166

.

FedEx to Paul V. Possinger at Proskauer Rose LLP on 11/17/17 $15.66

FedEx to Martin Bienenstock, Ehud Barak at Proskauer Rose LLP on

11/17/17

$16.28

FedEx to Paul V. Possinger at Proskauer Rose LLP on 11/28/17 $15.70

FedEx to M. Bienenstock & Barak at Proskauer Rose LLP on

11/28/17

$16.32

FedEx to J. Rapisardi, S. Uhland at Omelveny & Myers LLP on

11/28/17

$16.32

$375.03

Travel

Transportation from JFK on 11/28/17 for K. Klee $142.00

Transportation to JFK on 11/29/17 for K. Klee $142.00

$284.00

Total Costs and Disbursements $676.58

In Reference To: Litigation/Adversary Proceedings

For Services Rendered Through 12/31/2017

File No.: 2291-0001

Label27

Label27

Professional Services

Date Init Description Hours Amount

12/1/2017 KNK Analyze revised opposition to scope motions; emails; reply 0.40 $560.00

KNK Analyze correspondence from D. Bussel and A. Yanez re

opposition to scope motions

0.10 $140.00

DJB Prepare comments re scope motion reply 0.40 $478.00

DJB Confer with J. Weiss re comments to scope motion reply 0.20 $239.00

DJB Email correspondence with working group re D. Bussel

comments to scope motion reply

0.10 $119.50

DJB Review J. Weiss comments to scope motion 0.40 $478.00

DJB Email correspondence with working group re December 20

scope hearing

0.10 $119.50

SDP Analyze order moving 12/20 hearing 0.10 $34.50

JMW Analyze and revise scope opposition and send comments to B.

Whyte and Willkie

3.50 $2,275.00

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Bill # 16166

.

Date Init Description Hours Amount

JMW Telephone conference with D. Bussel re draft scope

opposition

0.10 $65.00

RJP Review comments on response to scope motion; email

correspondence re same

0.30 $277.50

KNK Analyze pleadings re order moving Dec. 20 hearing; emails 

re same

0.20 $280.00

12/4/2017 KNK Analyze correspondence from J. Weiss and A. Yanez re

opposition to scope motions

0.10 $140.00

KNK Analyze pleadings re oppositions to scope motions 1.80 $2,520.00

DJB Review filed version of omnibus opposition to scope motions

of COFINA Agent

0.50 $597.50

DJB Email correspondence with working group re constituent

comments to opposition to scope motions

0.10 $119.50

JMW Analyze oppositions (multiple) to scope motions 1.80 $1,170.00

12/5/2017 DJB Review oppositions to scope motions from Intervenors/UCC 1.00 $1,195.00

12/6/2017 DJB Review N. Navarro memo re certification process 0.30 $358.50

JMW Analyze memo from N. Navarro re Puerto Rico Supreme

Court

0.40 $260.00

12/11/2017 KNK Analyze correspondence from B. Whyte and A. Yanez re

interpleader statements

0.20 $280.00

KNK Analyze pleadings re oversight reply brief re scope motions;

emails

0.30 $420.00

JMW Analyze scope motion replies 1.50 $975.00

12/12/2017 KNK Analyze pleadings re Omnibus reply of QTCB noteholder

group re COFINA

0.20 $280.00

KNK Analyze pleadings re AAFAF reply in support of scope

motion

0.30 $420.00

KNK Analyze pleadings re AMBAC's reply in support of motion to

strike

0.10 $140.00

KNK Analyze pleadings re GO group reply in support of scope

motions

0.20 $280.00

KNK Analyze pleadings re Commonwealth agent's omnibus reply 0.30 $420.00

KNK Analyze articles re scope motion 0.10 $140.00

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Bill # 16166

.

Date Init Description Hours Amount

DJB Email correspondence with working group re teleconference

with UCC and case status

0.20 $239.00

DJB Email correspondence with working group re document

production objections and responses

0.20 $239.00

JMW Confer with D. Bussel re SUT issues 0.10 $65.00

12/14/2017 KNK Analyze correspondence from B. Whyte re SUT diversion

remedies; reply

0.10 $140.00

KNK Analyze correspondence from A. Yanez re SUT remedies 0.10 $140.00

KNK Prepare correspondence to M. Feldman re 12/20 hearing;

reply

0.10 $140.00

KNK Analyze pleadings re informative motion re 12/20 hearing;

reply

0.10 $140.00

DJB Review informative motion re COFINA Agent appearance

12/20/17 (Scope)

0.10 $119.50

DJB Email correspondence with working group re diversion and

SUT

0.20 $239.00

JMW Analysis and correspondence with K. Klee and D. Bussel re

implications of cash flow analysis and strategy

0.70 $455.00

12/15/2017 KNK Analyze pleadings re order re 12/20 hearing; emails re same 0.20 $280.00

KNK Analyze pleadings re Ambac's informative motion 0.10 $140.00

KNK Analyze pleadings re COFINA agents' informative motion 0.10 $140.00

DJB Review order re scope motions and related email

correspondence with working group

0.20 $239.00

JMW Analyze order re scope motions hearing 0.10 $65.00

RJP Review correspondence re newly-produced documents; confer

with K. Klee re same and re scope motions

0.10 $92.50

12/18/2017 JMW Exchange e-mail correspondence with C. Koenig re scope

motion hearing

0.10 $65.00

JMW Analyze deck re bank account balances 0.20 $130.00

12/19/2017 JMW Telephone conference with D. Bussel re scope motions and

discovery

0.10 $65.00

RJP Review correspondence re document production and

discovery issues

0.10 $92.50

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COFINA - Bettina Whyte as Agent Page 5

Bill # 16166

.

Date Init Description Hours Amount

12/20/2017 KNK Analyze correspondence from A. Yanez, J. Minias and J.

Weiss re trial issues

0.20 $280.00

KNK Analyze correspondence from A. Yanez re expert witnesses

and summary judgment

0.10 $140.00

DJB Review and comment on draft term sheet re COFINA -

Commonwealth dispute

0.20 $239.00

DJB Analyze bankruptcy litigation issues for MSJ and trial

preparation (experts)

0.30 $358.50

JMW Telephone conference with J. Dugan and T. Yanez re

litigation experts and discovery

0.20 $130.00

JMW Exchange e-mail correspondence with K. Klee and D. Bussel

re experts and discovery

0.10 $65.00

JMW Analyze correspondence from H. Honig re summary of 12/20

hearing

0.10 $65.00

JMW Analyze bankruptcy litigation issues for MSJ and expert

testimony preparation

0.80 $520.00

DJB Email correspondence with KTBS working group re experts /

discovery

0.20 $239.00

12/21/2017 KNK Analyze pleadings re order re scope motion 0.20 $280.00

DJB Review scope order 0.30 $358.50

DJB Teleconference with working group re trial preparation, scope 0.40 $478.00

JMW Telephone conference with B. Whyte and Willkie re scope

order

0.30 $195.00

JMW Analyze scope order and complaints/answers and discovery

requests in light of same

1.10 $715.00

JMW Analyze charts analyzing remaining and dismissed claims in

light of scope motions

0.20 $130.00

12/22/2017 JMW Analyze correspondence from Willkie, B. Whyte, K. Klee re

case strategy post-scope orders

0.30 $195.00

12/27/2017 RJP Review correspondence re newly-produced documents 0.10 $92.50

12/28/2017 JMW Confer with K. Klee re municipal finance expert 0.20 $130.00

JMW Analysis of Powerpoint decks re municipal finance and SUT

transfer issues in follow up to conference with K. Klee

0.50 $325.00

KNK Confer with J. Weiss re municipal finance expert 0.20 $280.00

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COFINA - Bettina Whyte as Agent Page 6

Bill # 16166

.

Professional Services Rendered 24.30 $23,222.50

In Reference To: Case Administration

For Services Rendered Through 12/31/2017

File No.: 2291-0002

Label27

Label27

Professional Services

Date Init Description Hours Amount

12/1/2017 KNK Prepare correspondence to J. Weiss re Dec. 20 hearing

electronics

0.10 No Charge

JMW Analyze scheduling order re December 20 hearing 0.10 $65.00

JMW Analyze correspondence from H. Honig (Willkie) re PREPA

Chief Financial Advisor

0.10 $65.00

12/4/2017 SDP Exchange e-mail correspondence with I. Rivera re mediation 0.20 $69.00

SDP Analyze correspondence from N. Navarro-Cabrer re budget

preparation

0.10 $34.50

12/6/2017 JMW Analyze responses re Rule 2004 examination motion 0.20 $130.00

JMW Analyze insurers motion in connection with interpleader

adversary

0.10 $65.00

12/14/2017 SDP Analyze correspondence from K. Stadler re draft stipulated

disclosure agreement and protective order

0.10 $34.50

JMW Analyze informative motion re 12/20 hearing 0.10 $65.00

JMW Analyze second supplemental statement of mutual fund group 0.10 $65.00

12/15/2017 SDP Update service tracking spreadsheet re monthly and interim

fee applications

0.10 $34.50

JMW Analyze informative motions re 12/20 hearing 0.10 $65.00

12/18/2017 DJB Review financial reporting re SUT / fiscal plan 0.10 $119.50

SDP Analyze correspondence from R. Rivera re submission of N.

Navarro-Cabrer budgets

0.10 $34.50

JMW Telephone conference with C. Koenig re several case issues 0.20 $130.00

12/20/2017 SDP Exchange e-mail correspondence with R. Rivera re

submission of N. Navarro-Cabrer budgets

0.20 $69.00

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COFINA - Bettina Whyte as Agent Page 7

Bill # 16166

.

Date Init Description Hours Amount

JMW Analyze correspondence from B. Whyte and M. Feldman re

payments to retirees

0.10 $65.00

12/22/2017 JMW Analyze urgent motion re interim compensation order 0.10 $65.00

12/27/2017 DJB Confer with J. Weiss re update call 0.10 $119.50

DJB Review J. Weiss summary re update call 0.40 $478.00

JMW Prepare correspondence to K. Klee re weekly call summary 0.10 $65.00

JMW Analyze correspondence from B. Whyte re PR treasury SUT

collections

0.10 $65.00

12/28/2017 JMW Analyze correspondence from B. Whyte re AMBAC

COFINA bond holdings

0.10 $65.00

Professional Services Rendered 3.00 $1,968.00

In Reference To: Meetings/Creditor Communications

For Services Rendered Through 12/31/2017

File No.: 2291-0003

Label27

Label27

Professional Services

Date Init Description Hours Amount

12/2/2017 JMW Analyze correspondence from B. Whyte and M. Feldman re

meetings with insurers

0.10 $65.00

12/5/2017 KNK Analyze correspondence from B. Whyte re excise tax 0.10 $140.00

KNK Analyze correspondence from B. Whyte re Oppenheimer

meeting and strategy

0.10 $140.00

DJB Email correspondence with working group re Oppenheimer

meeting

0.10 $119.50

JMW Analyze correspondence from B. Whyte re meeting with

juniors

0.10 $65.00

12/6/2017 KNK Telephone conference with M. Tennenbaum re junior bonds 0.30 $420.00

KNK Conference call with B. Whyte and A. Yanez et al re scope

motion issues

0.20 $280.00

KNK Conference call with B. Whyte and Kramer Levin re junior

bonds

0.20 $280.00

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Bill # 16166

.

Date Init Description Hours Amount

DJB Confer with K. Klee re creditor calls/status 0.10 $119.50

DJB Email correspondence with working group re conference

calls/status

0.10 $119.50

JMW Weekly call with B. Whyte and Willkie 0.20 $130.00

12/8/2017 KNK Conference call with M. Sonkin, M. Goldstein, B. Whyte et al

re National

0.90 $1,260.00

KNK Conference call with B. Whyte re National views 0.20 $280.00

DJB Email correspondence with working group re Oppenheimer

conference

0.10 $119.50

12/11/2017 JMW Analyze correspondence from C. Koenig re meeting with

junior holders

0.10 $65.00

12/12/2017 JMW Exchange e-mail correspondence with J. Minias re meeting

with Commonwealth Agent

0.10 $65.00

12/13/2017 KNK Conference call with B. Whyte, Franklin, Kramer Levin et al

re junior bondholders call

0.80 $1,120.00

JMW Call with B. Whyte, Willkie, Kramer Levin attorneys and

client representatives re group re case issues

0.80 $520.00

JMW Call with B. Whyte, L. Despins re SUT issues 0.30 $195.00

JMW Call with M. Feldman re follow up to call with L. Despins 0.10 $65.00

KNK Conference call with M. Feldman, J. Weiss, D. Bussel re

settlement with Commonwealth

0.10 $140.00

12/20/2017 KNK Conference call with B. Whyte, A. Yanez, et al re strategy 0.40 $560.00

KNK Conference call with A. Yanez, J. Minias et al re strategy 0.30 $420.00

DJB Telephone conference with B. Whyte and COFINA Agent

working group re mediation and litigation strategy

0.40 $478.00

DJB Telephone conference with Willkie team re litigation strategy,

expert witness designations

0.30 $358.50

JMW Weekly call with B. Whyte and Willkie 0.40 $260.00

JMW Call with Willkie team re litigation issues 0.30 $195.00

12/21/2017 KNK Conference call with S. Kirpalani, M. Rodrigue, B. Whyte, J.

Minias, et al re settlement negotiations

0.70 $980.00

KNK Conference call with B. Whyte, M. Feldman, et al re

settlement strategy

0.40 $560.00

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COFINA - Bettina Whyte as Agent Page 9

Bill # 16166

.

Date Init Description Hours Amount

JMW Exchange e-mail correspondence with C. Koenig re call with

seniors

0.10 $65.00

12/22/2017 KNK Analyze correspondence from M. Rodrigue re settlement 0.10 $140.00

KNK Analyze correspondence from B. Whyte and J. Minias re

settlement issues; reply

0.20 $280.00

12/23/2017 KNK Analyze correspondence from M. Feldman and B. Whyte re

Sr. Bond position on settlement; reply

0.20 $280.00

12/26/2017 JMW Telephone conference with C. Meyer (Silver Rock) re case

status

0.10 $65.00

12/27/2017 DAF Call with Silver Rock re case update 0.50 $490.00

KNK Analyze correspondence from M. Feldman and B. Whyte re

call re settlement; reply

0.10 $140.00

KNK Analyze correspondence from J. Weiss re summary of

settlement call; reply

0.10 $140.00

DJB COFINA Agent weekly update call (with Willkie and B.

Whyte)

0.30 $358.50

JMW Weekly call with B. Whyte and Willkie 0.40 $260.00

JMW Telephone conference with C. Meyer (Silver Rock – COFINA

holder) re case status

0.50 $325.00

JMW Prepare for call with C. Meyer 0.20 $130.00

Professional Services Rendered 11.10 $12,193.00

In Reference To: Mediation/Negotiations

For Services Rendered Through 12/31/2017

File No.: 2291-0004

Label27

Label27

Professional Services

Date Init Description Hours Amount

12/2/2017 DJB Email correspondence with working grop re Ambac

negotiations

0.10 $119.50

12/3/2017 DJB Email correspondence with working group re securitization

precedents

0.10 $119.50

12/4/2017 KNK Analyze correspondence from B. Houser re mediation 0.10 $140.00

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Date Init Description Hours Amount

DJB Email correspondence with working group re fiscal issues 0.10 $119.50

DJB Review updated memo from mediators 0.30 $358.50

JMW Analyze mediation order re scheduling and confer with K.

Klee re same

0.20 $130.00

12/5/2017 DJB Email correspondence with working group re fiscal plan 0.20 $239.00

DJB Email correspondence with working group re tax reform fiscal

implications

0.10 $119.50

12/6/2017 DJB Review report of mediation session in New York City 0.40 $478.00

DJB Review SUT and TSA reports 0.10 $119.50

DJB Email correspondence with working group re mediation

session

0.10 $119.50

JMW Analyze summary of second fiscal plan mediation session 0.20 $130.00

12/11/2017 KNK Analyze correspondence from M. Hindman re mediation

details and update

0.10 $140.00

JMW Analyze multiple correspondence from M. Hindman

(mediation team) re mediation, including attachments

0.70 $455.00

12/12/2017 KNK Analyze correspondence from B. Whyte re settlement; reply 0.10 $140.00

KNK Analyze correspondence from B. Whyte et al re meeting with

LUC; reply

0.10 $140.00

DJB Confer with J. Weiss re SUT refunds 0.10 $119.50

DJB Email correspondence with K. Klee and J. Weiss re SUT

refunds

0.10 $119.50

12/13/2017 DJB Email correspondence with mediation working group 0.10 $119.50

KNK Analyze correspondence from J. Weiss and M. Feldman re

settlement meeting with Commonwealth agent

0.10 $140.00

KNK Analyze correspondence from B. Whyte re Commonwealth

position

0.10 $140.00

KNK Analyze correspondence from M. Hindman; emails re same;

Whyte reply

0.20 $280.00

DJB Email correspondence with KTBS working group re

Commonwealth Agent response to settlement talks

0.20 $239.00

JMW Analyze correspondence from mediators and attachment 0.10 $65.00

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Date Init Description Hours Amount

JMW Analyze correspondence from mediators re mediation

statements

0.10 $65.00

12/18/2017 DJB Email correspondence (2) with mediation group 0.20 $239.00

KNK Analyze correspondence from M. Hindman 0.10 $140.00

JMW Analyze correspondence (2) from mediators 0.20 $130.00

12/20/2017 DJB Email correspondence with working group re draft term sheet

(Commonwealth Agent Authority)

0.20 $239.00

KNK Analyze term sheet; emails re same 0.20 $280.00

KNK Analyze memo re issues from M. Hindman; emails re same

and relation to scope motions

0.20 $280.00

KNK Analyze correspondence from C. Koenig re term sheet 0.10 $140.00

DJB Review modified mediation plan (GO issues) 0.10 $119.50

JMW Analyze document from Willkie re settlement issues 0.20 $130.00

JMW Analyze correspondence from mediation team re mediation

schedule and instructions

0.10 $65.00

JMW Analyze correspondence from mediation team re fiscal plan 0.10 $65.00

12/21/2017 KNK Analyze correspondence from M. Hindman re mediation 0.10 $140.00

DJB Review mediation memorandum re creditor issues 0.10 $119.50

DJB Review draft term sheet and email correspondence with

working group re same

0.30 $358.50

JMW Analyze two memoranda from mediation team 0.10 $65.00

12/22/2017 DJB Email correspondence with KTBS working group re Senior

COFINA working group mediation position post-scope order

0.40 $478.00

DJB Email correspondence with KTBS working group re effect of

scope order on mediation scope; immunity

0.30 $358.50

JMW Exchange e-mail correspondence with Willkie team re scope

orders and mediation issues

0.20 $130.00

12/23/2017 DJB Email correspondence with Willkie and KTBS working

groups re Senior COFINA mediator position and stipulation

(scope)

0.20 $239.00

Professional Services Rendered 7.50 $8,071.00

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In Reference To: Fee Applications and Retention

For Services Rendered Through 12/31/2017

File No.: 2291-0005

Label27

Label27

Professional Services

Date Init Description Hours Amount

12/1/2017 DJB Email correspondence with O'Melveny and working group re

KTBS fee estimates

0.10 $119.50

JMW Work on monthly fee statement 1.10 No Charge

12/6/2017 SDP Analyze email exchange between J. Weiss and C. Koenig re

first interim fee applications

0.20 $69.00

SDP Exchange e-mail correspondence with A. Ambeault re first

interim fee applications

0.20 No Charge

JMW Work on monthly fee statement 0.50 $325.00

12/7/2017 SDP Prepare monthly fee application 1.20 $414.00

SDP Exchange e-mail correspondence with A. Ambeault re draft

interim fee application

0.20 $69.00

SDP Analyze correspondence from N. Navarro-Cabrer re draft

interim fee application

0.10 $34.50

12/8/2017 KNK Revise November fee applications; and email J. Weiss 0.40 $560.00

SDP Prepare first interim fee application 1.60 $552.00

JMW Prepare fourth monthly fee statement 1.40 $910.00

12/11/2017 SDP Prepare first interim fee application and exhibits 3.20 $1,104.00

SDP Exchange e-mail correspondence with N. Navarro-Cabrer re

first interim fee application (multiple)

0.30 $103.50

SDP Exchange e-mail correspondence with J. Weiss re revisions to

first interim fee application

0.20 $69.00

12/12/2017 SDP Work on first interim fee application and exhibits 4.30 $1,483.50

SDP Telephone conference with N. Navarro-Cabrer re first interim

fee applications (multiple)

0.50 $172.50

SDP Exchange e-mail correspondence with A. Ambeault re notice

of first interim fee applications

0.20 $69.00

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Date Init Description Hours Amount

SDP Exchange e-mail correspondence with N. Navarro-Cabrer re

first interim fee applications (multiple)

0.30 $103.50

JMW Prepare correspondence to S. Uhland re October fees 0.20 $130.00

JMW Work on interim fee application 0.30 $195.00

12/13/2017 KNK Prepare correspondence to S. Uhland re October interim fees

and confer with J. Weiss re same

0.20 $280.00

KNK Analyze memo re fee examiner process and requirements 0.20 $280.00

KNK Analyze pleadings re stipulated disclosure agreement and

protective order

0.10 $140.00

KNK Analyze correspondence from K. Stadler re fee applications

cover sheet

0.10 $140.00

DJB Email correspondence with KTBS working group re fee

examiner guidelines

0.20 $239.00

SDP Analyze correspondence from N. Navarro-Cabrer re omnibus

notice re first interim fee applications

0.10 $34.50

SDP Analyze correspondence from C. Koenig re omnibus notice re

first interim fee applications (several)

0.20 $69.00

SDP Analyze email exchange between J. Weiss, C. Koenig and N.

Navarro-Cabrer re fee examiner's time and process memo

(multiple)

0.30 $103.50

SDP Exchange e-mail correspondence with N. Navarro-Cabrer re

exhibits to first interim fee application (several)

0.30 $103.50

JMW Prepare first interim fee application 3.40 $2,210.00

JMW Analyze Fee Examiner memorandum re fees and related

forms

0.50 $325.00

JMW Confer with C. Koenig re fee examiner memorandum 0.20 $130.00

JMW Prepare correspondence to Commonwealth attorneys re

expiration of 14-day period with no payment

0.10 $65.00

12/14/2017 KNK Revise interim fee application; email J. Weiss 0.40 $560.00

DJB Email correspondence with N. Navarro re interim fee

application

0.20 $239.00

DJB Confer with N. Navarro re interim fee application 0.30 $358.50

DJB Confer with J. Weiss re Navarro interim fee application 0.10 $119.50

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Date Init Description Hours Amount

SDP Exchange e-mail correspondence with J. Weiss re first interim

fee applications (multiple)

0.30 $103.50

SDP Exchange e-mail correspondence with N. Navarro-Cabrer re

first interim fee application (multiple)

0.40 $138.00

SDP Analyze correspondence from C. Koenig re notice of hearing

re first interim fee applications (several)

0.20 $69.00

SDP Analyze notice of hearing re first interim fee applications;

email to C. Koenig re same

0.20 $69.00

SDP Analyze correspondence from A. Anbeault re N.

Navarro-Cabrer's November fee statement

0.10 $34.50

JMW Work on first interim fee application 1.00 $650.00

JMW Analyze notice of hearing re first interim fee applications 0.10 $65.00

JMW Analyze fee examiner draft protective order 0.30 $195.00

12/15/2017 KNK Analyze pleadings re notices re interim fee hearing 0.10 $140.00

SDP Analyze email exchange between J. Weiss, C. Koenig, and N.

Navarro-Cabrer re first interim fee applications and monthly

fee statements (multiple)

0.40 $138.00

SDP Exchange e-mail correspondence with A. Ambeault re interim

fee applications

0.20 $69.00

SDP Serve monthly fee statements and billing records for KTB&S

and N. Navarro-Cabrer

0.10 $34.50

JMW Finish interim fee application 0.80 $520.00

JMW Analyze notice of hearing (filed) for first interim fee

application

0.10 $65.00

12/18/2017 SDP Analyze correspondence from A. Ambeault re refiling of first

interim fee applications

0.10 $34.50

SDP Analyze email exchange between J. Weiss and C. Koenig re

refiling of first interim fee application and notice of hearing

thereon (several)

0.30 $103.50

12/19/2017 KNK Confer with J. Weiss re Notice of Hearing 0.20 $280.00

SDP Analyze email exchange between J. Weiss and C. Koenig re

amended notice of hearing re first interim fee applications

0.20 $69.00

JMW Confer with K. Klee re amended notice of hearing 0.20 $130.00

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Date Init Description Hours Amount

12/20/2017 SDP Analyze correspondence from A. Ambeault re amended

notice of hearing re first interim fee applications (multiple)

0.20 $69.00

SDP Analyze correspondence from N. Navarro-Cabrer re amended

notice of hearing re first interim fee applications

0.10 $34.50

SDP Analyze correspondence from C. Koenigr re amended notice

of hearing re first interim fee applications

0.10 $34.50

SDP Analyze correspondence from J. Weiss re amended notice of

hearing re first interim fee applications

0.10 $34.50

JMW Analyze and propose revision to amended notice of fee

hearing

0.10 $65.00

12/22/2017 DJB Email correspondence with KTBS working group re interim

fee payment; retiree motion

0.20 $239.00

12/26/2017 JMW Analyze AAFAF objection to retiree committee fees motion 0.10 $65.00

12/27/2017 SDP Prepare statement of no objection re KTB&S's November fee

application

0.20 $69.00

SDP Exchange e-mail correspondence with N. Navarro-Cabrer re

statement of no objection to November fee application

(several)

0.30 $103.50

SDP Serve KTB&S's and N. Navarro-Cabrer's statements of no

objection

0.30 $103.50

JMW Analyze statement of no objection re November fees 0.10 $65.00

JMW Confer with N. Navarro re October fee payment 0.10 $65.00

Professional Services Rendered 30.60 $15,734.50

Label27

Label27

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In Reference To: Budget

For Services Rendered Through 12/31/2017

File No.: 2291-0007

Label27

Label27

Professional Services

Date Init Description Hours Amount

12/1/2017 DJB Email correspondence with working group re UCC objections

to fee estimate requests

0.10 $119.50

KNK Analyze correspondence from J. Spina re budget; research

same; reply

0.30 $420.00

KNK Analyze correspondence from L. Despins re Gov't budget for

Commonwealth-COFINA dispute

0.10 $140.00

JMW Analyze email from AAFAF re budgeting through June 2018

and confer with K. Klee re same

0.10 $65.00

JMW Exchange e-mail correspondence with N. Navarro re AAFAF

budgeting email

0.10 $65.00

JMW Analyze correspondence from L. Despins re AAFAF

budgeting email

0.10 $65.00

12/2/2017 JMW Analyze correspondence from J. Rapisardi re budgeting

request from AAFAF

0.10 $65.00

12/15/2017 KNK Confer with J. Weiss re budget; analyze budget 0.10 $140.00

KNK Analyze correspondence from J. Weiss re December budget

and staffing plan

0.10 $140.00

JMW Prepare client budget 0.40 $260.00

12/20/2017 KNK Analyze correspondence from J. Weiss re budget for fee

examiner's reply

0.10 $140.00

JMW Prepare and send budget for January 2018 to fee examiner

pursuant to fee examiner memorandum

0.40 $260.00

12/21/2017 KNK Telephone conference with J. Weiss re revised budget 0.10 $140.00

Professional Services Rendered 2.10 $2,019.50

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.

In Reference To: Discovery/Fact Analysis

For Services Rendered Through 12/31/2017

File No.: 2291-0008

Label27

Label27

Professional Services

Date Init Description Hours Amount

12/1/2017 JMW Analyze memo re summary of 11/30 FOMB hearing 0.20 $130.00

JMW Prepare for M&C call with JPM counsel 0.40 $260.00

JMW M&C call with JPM Counsel (David Elbaum) 0.20 $130.00

JMW Follow up email correspondence with D. Elbaum re JP

Morgan meet and confer

0.30 $195.00

12/2/2017 JMW Analyze joinders (2) of Committee to various discovery

motions

0.20 $130.00

12/4/2017 RJP Review interrogatories to COFINA Agent and

discovery-related correspondence

0.40 $370.00

KNK Analyze correspondence from H. Honig re

Commonwealth-COFINA dispute

0.10 $140.00

KNK Analyze interrogations to COFINA agent from

Commonwealth agent

0.10 $140.00

KNK Analyze Commonwealth agent's interrogatories to creditors 0.30 $420.00

DJB Email correspondence with working group re AAFAF

document production

0.20 $239.00

JMW Analyze Commonwealth discovery to COFINA Agent and

certain senior groups

1.00 $650.00

JMW Analyze summary of third fiscal plan public listening session 0.10 $65.00

JMW Exchange e-mail correspondence with J. Fitts re meet and

confer re Barclays

0.10 $65.00

12/5/2017 RJP Review correspondence re document production and

protective order stipulation

0.10 $92.50

KNK Analyze correspondence from J. Daniels re document

production

0.10 $140.00

KNK Analyze correspondence from S. Hussein re document

production

0.10 $140.00

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Date Init Description Hours Amount

KNK Analyze summary of fiscal plan listening session 0.10 $140.00

JMW Exchange e-mail correspondence with N. Navarro re UBS

meet and confer

0.10 $65.00

JMW Analyze summary of FOMB 11th public board meeting 0.10 $65.00

JMW Analyze correspondence from S. Hussein re intervenor

discovery

0.10 $65.00

12/6/2017 KNK Analyze correspondence from B. Whyte re SUT collection

date

0.10 $140.00

JMW Prepare for Barclays meet and confer 0.50 $325.00

JMW Analyze SUT collection tracker deck 0.20 $130.00

JMW Analyze Intralinks discovery from AAFAF 0.10 $65.00

JMW Analyze correspondence from M. Neiburg and Willkie re

Popular Securities discovery responses

0.20 $130.00

JMW Analyze correspondence from H. Honig (Willkie) re

numerous SUT issues

0.10 $65.00

JMW Analyze correspondence from N. Navarro to UBS re

production of documents

0.10 $65.00

12/7/2017 RJP Exchange email correspondence with K. Klee and J. Weiss re

service of additional written discovery requests on Aurelius,

Corbin, Monarch, and Prisma, including preliminary review

of draft requests

0.60 $555.00

RJP Analyze document requests to GO bondholders 0.30 $277.50

JMW Analyze documents produced from AAFAF 0.50 $325.00

KNK Analyze correspondence from S. Hussein re GO discovery

requests

0.20 $280.00

DJB Email correspondence with KTBS working group re AAFAF

discovery

0.10 $119.50

DJB Email correspondence with KTBS working group and D.

Gropper re third party subpoena

0.30 $358.50

JMW Analyze discovery to GO bondholders and exchange e-mail

correspondence with K. Klee, D. Bussel re same

1.20 $780.00

JMW Analyze correspondence from M. Neiburg (Popular) re

discovery responses

0.10 $65.00

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.

Date Init Description Hours Amount

JMW Exchange e-mail correspondence with J. Fitts (Barclays) re

discovery responses

0.10 $65.00

12/8/2017 RJP Analyze discovery-related correspondence, document

requests, and written discovery (interrogatories)

0.50 $462.50

SDP Revise request for production of documents (Monarch

Alternative Solutions Master Fund Ltd)

0.10 $34.50

SDP Revise request for production of documents (Prisma SPC

Holdings Ltd-Segregated Portfolio AG)

0.10 $34.50

SDP Revise request for production of documents (Corbin

Opportunity Fund L.P.)

0.10 $34.50

SDP Revise request for production of documents (Aurelius

Investment, LLC)

0.20 $69.00

KNK Analyze discovery requests 0.40 $560.00

KNK Analyze correspondence from D. Bussel and J. Weiss re

Aurelius subpoenas

0.10 $140.00

DJB Email correspondence with Aurelius re subpoena

(forthcoming)

0.10 $119.50

DJB Email correspondence with working group re third party

subpoenas (objections)

0.30 $358.50

JMW Analyze, revise, and serve discovery on certain GO

intervenors

0.80 $520.00

JMW Exchange e-mail correspondence with Citi and Goldman re

meet and confer follow up

0.10 $65.00

JMW Analyze correspondence from UBS re meet and confer 0.10 $65.00

JMW Prepare for meet and confer call with counsel to Barclays 0.30 $195.00

JMW Meet and confer call with counsel to Barclays 0.20 $130.00

12/11/2017 KNK Analyze correspondence from H. Honig re factual record 0.20 $280.00

JMW Prepare correspondence to counsel to Hawkins re discovery

progress

0.10 $65.00

JMW Exchange e-mail correspondence with N. Navarro, J. Dugan

re certain subpoenas

0.10 $65.00

JMW Analyze correspondence from M. Spillane re status of

production from certain lead underwriters

0.10 $65.00

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.

Date Init Description Hours Amount

JMW Analyze correspondence from K. Zecca (GOs) re document

requests to GO holders (2)

0.10 $65.00

12/12/2017 RJP Analyze meet-and-confer correspondence from S. Cooper to

J. Daniels re pending discovery matters

0.10 $92.50

JMW Exchange e-mail correspondence with M. Cohen re meet and

confer re Hawkins Delafield

0.10 $65.00

JMW Analyze correspondence from J. Heyworth re responses from

Santander Securities

0.10 $65.00

JMW Analyze Ambac reply in support of Rule 2004 motion 0.20 $130.00

JMW Analyze S. Cooper letter to J. Daniels re AAFAF discovery 0.10 $65.00

12/13/2017 KNK Analyze correspondence from S. Cooper re Commonwealth

discovery requests

0.10 $140.00

12/14/2017 KNK Analyze correspondence from B. Whyte re Diversion of SUT;

reply

0.20 $280.00

KNK Analyze correspondence from M. Feldman re FITCH security

action of SUT; reply

0.10 $140.00

JMW Analyze PR Treasury cash flow analysis 0.20 $130.00

12/15/2017 KNK Analyze correspondence from B. Whyte re treasury cash flow

analysis; reply

0.10 $140.00

JMW Analyze correspondence from M. Rohan re UBS discovery

responses

0.10 $65.00

JMW Analyze correspondence from M. Spillane re discovery

responses

0.10 $65.00

JMW Prepare for meet and confer with Hawkins Delafield counsel 0.30 $195.00

12/18/2017 KNK Analyze articles and emails re bank account understatements 0.10 $140.00

DJB Email correspondence with working group re Citigroup

document production

0.10 $119.50

DJB Email correspondence with working group re O'Melveny

document production (AAFAF)

0.10 $119.50

JMW Meet and confer call with M. Cohen (Hawkins Delafield) 0.30 $195.00

JMW Analyze correspondence from B. Whyte re cash increase 0.10 $65.00

JMW Analyze production and production letter from underwriter

and exchange e-mail correspondence with Willkie re same

0.30 $195.00

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Bill # 16166

.

Date Init Description Hours Amount

12/19/2017 DJB Email correspondence with working group re withheld

Moody's documents (AAFAF production)

0.20 $239.00

JMW Analysis re third party subpoena recipient meet and confer

requests and further correspondence

0.60 $390.00

JMW Exchange e-mail correspondence with M. Cohen re Hawkins

Delafield discovery

0.20 $130.00

JMW Analyze correspondence from J. Worthington and J. Daniels

re AAFAF discovery

0.10 $65.00

12/20/2017 RJP Review draft interrogatory responses 0.30 $277.50

JMW Exchange e-mail correspondence with S. Hussein and M.

Cohen re Hawkins subpoena parameters

0.20 $130.00

JMW Analyze draft interrogatory responses from COFINA agent 0.30 $195.00

JMW Analyze correspondence from J. Daniels re AAFAF discovery 0.10 $65.00

JMW Analyze correspondence from M. Neiburg re popular

discovery responses

0.10 $65.00

12/21/2017 RJP Review third-party objections and responses to subpoenas for

production of documents and correspondence re same

0.30 $277.50

JMW Analyze Decagon Holdings LLC, Golden Tree Asset

Management LP, and Tilden Park Responses and Objections

to the Committee of Unsecured Creditors as the

Commonwealth Agent’s RFPs

0.30 $195.00

JMW Analyze Franklin Advisers, Inc. and OppenheimerFunds,

Inc.’s Responses and Objections to the Committee of

Unsecured Creditors as the Commonwealth Agent’s Requests

for Documents

0.20 $130.00

12/22/2017 DJB Email correspondence with working group re Goldman

discovery

0.10 $119.50

JMW Analyze production from Goldman Sachs 0.20 $130.00

12/26/2017 KNK Analyze pleadings re joint status report re Rule 2004 0.10 $140.00

JMW Analyze AAFAF produced documents 1.10 $715.00

JMW Analyze documents produced by Goldman re SUT ownership 1.50 $975.00

12/27/2017 JMW Analyze COFINA Agent responses to interrogatories 0.20 $130.00

12/28/2017 KNK Analyze correspondence from B. Whyte re AMBAC purchase

of COFINA bonds

0.10 $140.00

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Bill # 16166

.

Date Init Description Hours Amount

KNK Analyze correspondence from B. Whyte re treasury

collections; reply

0.10 $140.00

JMW Analyze correspondence from M. Cohen re discovery from

Hawkins Delafield

0.10 $65.00

Professional Services Rendered 22.20 $17,835.00

Total fees and expenses incurred $81,720.08

Timekeeper Summary

Name Hours Rate Amount

Label6

Label6

Bussel, Daniel J. 13.90 1195.00 $16,610.50

Pearson, Shanda D. 0.20 0.00 No Charge

Pearson, Shanda D. 18.40 345.00 $6,348.00

Fidler, David A. 0.50 980.00 $490.00

Klee, Kenneth N. 0.10 0.00 No Charge

Klee, Kenneth N. 17.90 1400.00 $25,060.00

Pfister, Robert J. 3.20 925.00 $2,960.00

Weiss, Jonathan M. 1.10 0.00 No Charge

Weiss, Jonathan M. 45.50 650.00 $29,575.00

100.80 $81,043.50

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 Document Page 140 of 197
Itemized Expenses for the Period December 1, 2017 Through December 31, 2017

Date Expense Category Total Description Invoice No.

12/13/2017 Delivery Services/Messengers $ 88.62 FedEx to Hermano D. Bauer at Oneill & Borges LLC on 11/28/17 16166

12/13/2017 Delivery Services/Messengers $ 88.62 

FedEx to Andres W. Lopez at Law Offices of Andres W. Lopez on 

11/28/17 16166

12/14/2017 Delivery Services/Messengers $ 15.66 FedEx to Brady C. Williamson at Godfrey & Kahn on 11/17/17 16166

12/14/2017 Delivery Services/Messengers $ 15.66 

FedEx to Catherine Steege, Melissa Root at Jenner & Block LLP on 

11/17/17 16166

12/14/2017 Delivery Services/Messengers $ 15.66 FedEx to Paul V. Possinger at Proskauer Rose LLP on 11/17/17 16166

12/14/2017 Delivery Services/Messengers $ 15.70 FedEx to Paul V. Possinger at Proskauer Rose LLP on 11/28/17 16166

12/14/2017 Delivery Services/Messengers $ 16.28 

FedEx to Guy G. Gebhart at Acting US Trustee (Region 21) on 

11/17/17 16166

12/14/2017 Delivery Services/Messengers $ 16.28 

FedEx to Robert Gordon, Richard Levin at Jenner & Block LLP on 

11/17/17 16166

12/14/2017 Delivery Services/Messengers $ 16.28 

FedEx to J. Rapisardi, S. Uhland at Omelveny & Myers LLP on 

11/17/17 16166

12/14/2017 Delivery Services/Messengers $ 16.28 FedEx to Luc. A. Despins at Paul Hastings on 11/17/17 16166

12/14/2017 Delivery Services/Messengers $ 16.28 

FedEx to Martin Bienenstock, Ehud Barak at Proskauer Rose LLP on 

11/17/17 16166

12/14/2017 Delivery Services/Messengers $ 16.32 

FedEx to M. Bienenstock & Barak at Proskauer Rose LLP on 

11/28/17 16166

12/14/2017 Delivery Services/Messengers $ 16.32 

FedEx to J. Rapisardi, S. Uhland at Omelveny & Myers LLP on 

11/28/17 16166

12/14/2017 Delivery Services/Messengers $ 21.07 FedEx to Bettina Whyte on 11/17/17 16166

12/14/2017 Travel $ 142.00 Transportation from JFK on 11/28/17 for K. Klee 16166

12/14/2017 Travel $ 142.00 Transportation to JFK on 11/29/17 for K. Klee 16166

12/26/2017 Telephone $ 17.55 Telephone Conference Service 16166

Total $ 676.58 

1 of 1

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169263.1 

EXHIBIT 4-D 

TIME AND EXPENSE DETAIL FOR JANUARY 2018 

FEE STATEMENT 

Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

 Document Page 142 of 197
February 01, 2018

Bettina Whyte, as Agent for Corporacion

del Fondo de Interes Apremiante (COFINA)

Bill No. 16266

KLEE, TUCHIN, BOGDANOFF & STERN LLP

1999 Avenue of the Stars

Thirty-Ninth Floor

Los Angeles, California 90067

Telephone: (310) 407-4000

Facsimile: (310) 407-9090

Taxpayer I.D. No. 95-4744518

Matter Code Matter Name Fees Billed Expenses Billed Total Billed

0000 COFINA Expenses $0.00 $662.23 $662.23

0001 Litigation/Adversary $102,572.00 $0.00 $102,572.00

Proceedin

0002 Case Administration $4,936.00 $0.00 $4,936.00

0003 Meetings/Creditor $15,361.00 $0.00 $15,361.00

Communicatio

0004 Mediation/Negotiations $22,153.00 $0.00 $22,153.00

0005 Fee Applications and $5,933.00 $0.00 $5,933.00

Retention

0007 Budget $1,242.50 $0.00 $1,242.50

0008 Discovery/Fact Analysis $44,753.00 $0.00 $44,753.00

0009 Non-Working Travel $3,407.50 $0.00 $3,407.50

$200,358.00 $662.23 $201,020.23

Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

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February 01, 2018

Bettina Whyte, as Agent for Corporacion

del Fondo de Interes Apremiante (COFINA)

Bill No. 16266

KLEE, TUCHIN, BOGDANOFF & STERN LLP

1999 Avenue of the Stars

Thirty-Ninth Floor

Los Angeles, California 90067

Telephone: (310) 407-4000

Facsimile: (310) 407-9090

Taxpayer I.D. No. 95-4744518

In Reference To:

For Services Rendered Through 1/31/2018

File No.: 2291-0000

Label27

Label27

Costs and Disbursements

Telephone

Telephone Conference Service $3.46

$3.46

Online Research

Pacer - January2018 $5.30

$5.30

Delivery services/messengers

FedEx to Hermann D. Bauer at Oneill & Borges LLC on 12/27/17 $89.04

FedEx to Andres W. Lopez at Law Offices of Andres W. Lopez on

12/27/17

$89.04

FedEx to Paul V. Possinger, Esq at Proskauer Rose LLP on 12/27/17 $15.78

FedEx to M. Bienenstock & Barak at Proskauer Rose LLP on

12/27/17

$16.40

FedEx to J. Rapisardi, S. Uhland at OMelveny & Myers LLP on

12/27/17

$16.40

FedEx to A.J. Bennazar-Zequeira, Esq. at Bennazar, Garcia &

Millian CSP on 01/16/18

$29.50

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COFINA - Bettina Whyte as Agent Page 2

Bill # 16266

.

FedEx to Juan Casillas Ayala at Casillas, Santiago & Torres LLC on

01/16/18

$29.50

FedEx to Edificio Ochoa at Office of the US Trustee on 01/16/18 $29.50

$315.16

Travel

Airfare from SFO to JFK on 01/22/18 for J. Weiss $338.31

$338.31

Total Costs and Disbursements $662.23

In Reference To: Litigation/Adversary Proceedings

For Services Rendered Through 1/31/2018

File No.: 2291-0001

Label27

Label27

Professional Services

Date Init Description Hours Amount

1/1/2018 KNK Analyze correspondence from B. Whyte re motion to expand

scope; reply

0.10 $147.50

1/2/2018 KNK Analyze correspondence from J. Weiss re municipal finance

expert; reply

0.10 $147.50

1/3/2018 KNK Analyze correspondence from M. Feldman and B. Whyte re

Luc Despins motion to extend scope

0.10 $147.50

DJB Email correspondence with M. Feldman COFINA agent

working group re commonwealth agent motion re

constitutional issues (scope)

0.10 $124.50

JMW Analyze correspondence from M. Feldman re Luc motion to

re-expand scope

0.10 $72.50

1/4/2018 KNK Analyze pleadings re order re expedited hearing 0.10 $147.50

KNK Telephone conference with B. Whyte re hearing on

Commonwealth agent's motion re constitutionality

0.10 $147.50

KNK Conference call with J. Weiss and D. Bussel re response to

Commonwealth agent's urgent motion re constitutionality

0.40 $590.00

KNK Analyze pleadings re Commonwealth agent's urgent motion to

expedite considerations

0.10 $147.50

KNK Analyze pleadings re Commonwealth agent's urgent motion

for clarification of scope order; second amended complaint

0.60 $885.00

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Bill # 16266

.

Date Init Description Hours Amount

DJB Confer with K. Klee and J. Weiss re response to UCC

clarification motion

0.40 $498.00

DJB Review UCC clarification motion (scope) 0.50 $622.50

JMW Telephone conference with K. Klee and D. Bussel re response

to scope expansion motion

0.40 $290.00

JMW Analyze scope expansion motion and related documents

(complaint, counterclaims, GO intervention) and

research/analyze strategy in response

2.60 $1,885.00

JMW Telephone conference with J. Dugan re response to scope

expansion motion

0.20 $145.00

JMW Exchange e-mail correspondence J. Dugan, K. Klee re FOMB

position re scope expansion motion

0.10 $72.50

RJP Analyze Commonwealth Agent’s motion for clarification of

December 21 scope order

0.30 $298.50

1/5/2018 KNK Analyze pleadings re Ambac's motion re 1/10 hearing 0.10 $147.50

KNK Telephone conference with B. Whyte re urgent motion of

constitutionality of COFINA

0.10 $147.50

KNK Telephone conference with B. Whyte re National view on

response

0.20 $295.00

KNK Analyze correspondence from M. Bienenstock re response to

Commonwealth urgent motion

0.10 $147.50

KNK Analyze correspondence from D. Bussel and J. Weiss re

response to Commonwealth Agent's urgent motion

0.10 $147.50

DJB Call with COFINA agent working group re responses to UCC

clarification motion on scope

0.40 $498.00

DJB Email correspondence with K. Klee and J. Weiss re response

on scope

0.20 $249.00

JMW Exchange e-mail correspondence with M. Feldman and B.

Whyte and group re insurers’ response to scope expansion

motion

0.10 $72.50

JMW Exchange e-mail correspondence with K. Klee and D. Bussel

re response to scope expansion motion

0.10 $72.50

JMW Telephone conference with B. Whyte and Willkie re response

to scope expansion motion

0.40 $290.00

JMW Analysis of pleadings and other evidence post-call re drafting

of response to scope expansion motion

0.80 $580.00

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Bill # 16266

.

Date Init Description Hours Amount

1/7/2018 KNK Analyze pleadings re objection to Commonwealth agent's

reconsideration motion; emails; reply

0.30 $442.50

KNK Analyze pleadings re revised objection; emails 0.30 $442.50

DJB Review draft objection to UCC motion for reconsideration

(scope) and revisions thereof

0.70 $871.50

DJB Email correspondence with KTBS working group re

comments to COFINA objection to UCC motion

1.00 $1,245.00

DJB Conference call with COFINA Agent working group re draft

opposition (scope)

0.30 $373.50

JMW Telephone conference with B. Whyte and Willkie re scope

expansion response

0.30 $217.50

JMW Telephone conference with J. Dugan (Willkie) re scope

expansion response

0.20 $145.00

JMW Work on and edit draft scope expansion response, including

analysis of relevant pleadings and arguments

5.30 $3,842.50

1/8/2018 KNK Analyze pleadings re revised opposition to Commonwealth

trustee's reconsideration motion; emails; reply

0.30 $442.50

DJB Review oppositions and supporting filings re UCC motion for

reconsideration (scope) and related email correspondence

with working group

0.80 $996.00

JMW Confer with D. Bussel re responses to scope expansion

motion

0.10 $72.50

JMW Analyze correspondence from K. Klee re hearing on scope

expansion motion

0.10 $72.50

JMW Work on analysis and comment on final draft of scope

expansion response

0.50 $362.50

JMW Analyze numerous responses to scope expansion motion 1.80 $1,305.00

1/9/2018 KNK Analyze pleadings re National joinder to COFINA agent's

opposition to Commonwealth Agent's motion to reconsider

0.10 $147.50

KNK Analyze pleadings re Senior Bondholders coalition objection

to Commonwealth Agent's motion to clarify

0.20 $295.00

KNK Analyze pleadings re GO Bondholders response to

Commonwealth Agent's motion to clarify

0.10 $147.50

KNK Analyze pleadings re replies in support of Commonwealth

Agent's motion to clarify

0.20 $295.00

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Bill # 16266

.

Date Init Description Hours Amount

KNK Analyze correspondence from H. Honig re replies 0.10 $147.50

KNK Analyze correspondence from A. Yanez re expert witnesses 0.10 $147.50

KNK Telephone conference with B. Whyte re expert witnesses 0.20 $295.00

KNK Analyze pleadings re FOMB statement in response 0.10 $147.50

KNK Confer with J. Weiss re summary judgment 0.10 $147.50

DJB Review oppositions to UCC motion for reconsideration

(scope)

1.10 $1,369.50

JMW Confer with R. Pfister re scope expansion responses 0.10 $72.50

JMW Analyze scope expansion objections, responses, and

informative motions

1.50 $1,087.50

JMW Legal research re SUT legislation and impact on remaining

causes of action

2.20 $1,595.00

JMW Analyze correspondence from A. Yanez re experts for trial 0.10 $72.50

RJP Telephone conference with J. Weiss re clarifying order and

status/next steps

0.10 $99.50

1/10/2018 KNK Prepare for hearing on Commonwealth Agent's motion to

reconsider; confer with S. Pearson

0.30 $442.50

KNK Appear at hearing re Commonwealth Agent's motion to

reconsider scope (telephonic)

0.90 $1,327.50

KNK Analyze correspondence from H. Honig re hearing summary 0.10 $147.50

KNK Analyze resume of expert on municipal finance; confer with

COFINA team re same

0.20 $295.00

KNK Analyze pleadings re order denying Commonwealth Agent's

motion

0.10 $147.50

KNK Analyze correspondence from J. Duggan, D. Bussel et al re

anticipated response to Commonwealth Agent's forthcoming

amendment

0.20 $295.00

DJB Review order denying reconsideration 0.20 $249.00

DJB Confer with J. Weiss re hearing on scope 0.10 $124.50

DJB Email correspondence with working group re response to

order denying reconsideration

0.90 $1,120.50

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Bill # 16266

.

Date Init Description Hours Amount

JMW Analyze order re scope expansion denial and strategy re

potential motion to amend

0.50 $362.50

JMW Analyze potential expert and exchange e-mail correspondence

with A. Yanez, K. Klee, R. Pfister re same

0.20 $145.00

1/11/2018 KNK Confer with R. Pfister re Wendt testimony 0.20 $295.00

KNK Analyze pleadings re Commonwealth Agent's urgent motion

to amend complaint; emails; draft outline of proposed

objection

0.40 $590.00

KNK Research re options re response or objection to

Commonwealth Agent's urgent motion to amend

0.60 $885.00

KNK Conference call with J. Duggan and J. Weiss re objection to

Commonwealth Agent

0.10 $147.50

DJB Review UCC urgent motion re amendments to complaint

(Counts XII and XIII)

0.40 $498.00

DJB Confer with K. Klee and J. Weiss re response to UCC urgent

motion re leave to amend (Counts XII and XIII)

0.30 $373.50

DJB Email correspondence with working group re response to

UCC urgent motion re leave to amend (Counts XII and XIII)

0.30 $373.50

JMW Analyze motion to amend and proposed amended complaint 0.80 $580.00

JMW Analysis of strategy in response to motion to ammend 1.80 $1,305.00

RJP Prepare for conference call with municipal finance expert

witness B. Wendt

0.30 $298.50

RJP Meet with K. Klee re municipal finance expert testimony and

strategy

0.20 $199.00

RJP Review correspondence from J. Weiss re depositions and

discovery correspondence generally

0.10 $99.50

1/12/2018 KNK Analyze pleadings re revised objection to Commonwealth

agent's urgent motion to amend; emails; revise same

0.60 $885.00

KNK Analyze pleadings re Commonwealth agent's reply to

COFINA agent's objection; emails

0.20 $295.00

DJB Email correspondence with working group re comments to

draft opposition re renewed urgent motion re scope

0.60 $747.00

DJB Review draft opposition to renewed urgent motion re scope 0.20 $249.00

DJB Confer with J. Weiss re scope motion 0.20 $249.00

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COFINA - Bettina Whyte as Agent Page 7

Bill # 16266

.

Date Init Description Hours Amount

JMW Analyze and exchange correspondence with B. Whyte and

Willkie team re opposition to motion to amend

2.30 $1,667.50

JMW Analyze other oppositions to motion to amend 0.20 $145.00

1/13/2018 KNK Analyze pleadings re order granting Commonwealth agent's

motion to amend; emails re same and strategy in response

0.20 $295.00

DJB Review order granting UCC motion to amend (scope) and

email correspondence with working group re order

0.40 $498.00

DJB Email correspondence with KTBS working group re order

granting UCC motion to amend (scope)

0.30 $373.50

DJB Email correspondence with K. Klee re preserving appellate

rights

0.10 $124.50

JMW Analyze reply re motion to amend and order and

correspondence (from B. Whyte, Willkie, K. Klee, D. Bussel)

re same

0.50 $362.50

1/14/2018 KNK Analyze correspondence from J. Duggan re witnesses; reply 0.10 $147.50

RJP Exchange email correspondence with Willkie team, K. Klee,

and J. Weiss re accountant deposition

0.20 $199.00

1/15/2018 DJB Review Willkie proposed trial schedule and email

correspondence with KTBS working group related thereto

0.20 $249.00

1/16/2018 KNK Analyze pleadings re second amended complaint; emails re

same

0.70 $1,032.50

DJB Email correspondence with working group re second amended

complaint

0.30 $373.50

DJB Review second amended complaint (UCC) 0.30 $373.50

DJB Review Paul Hastings scope chart/Willkie revisions 0.20 $249.00

JMW Analyze second amended complaint and correspondence

between Paul Hastings and S. Kirpalani and others re

inclusion of dismissed causes of action

0.50 $362.50

JMW Telephone conference with T. Yanez re expert witnesses 0.10 $72.50

1/17/2018 KNK Conference call with F. Clark and J. Weiss re expert witness 0.20 $295.00

KNK Analyze correspondence from M. Seidel re expert witness and

confer with J. Weiss

0.20 $295.00

KNK Analyze correspondence from F. Clark re expert witness;

reply

0.10 $147.50

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Bill # 16266

.

Date Init Description Hours Amount

KNK Analyze correspondence from B. Whyte et al re expert

witness retention

0.10 $147.50

KNK Analyze correspondence from D. Bussel re expert witnesses 0.10 $147.50

KNK Analyze correspondence from S. Hussein re scope chart 0.20 $295.00

JMW Telephone conference with F. Clark re accounting expert

issues

0.20 $145.00

JMW Telephone conference with M. Seidel re accounting expert

issues

0.30 $217.50

JMW Analyze retention agreements for municipal finance expert

and correspondence re same

0.30 $217.50

1/18/2018 KNK Conference call with F. Clark and C. Phillips re expert

witness re GASB

0.40 $590.00

KNK Confer with J. Weiss re GASB expert 0.10 $147.50

KNK Analyze correspondence from A. Yanez and B. Whyte re

revised litigation stipulation

0.10 $147.50

DJB Email correspondence with working group re GASB expert 0.30 $373.50

JMW Exchange e-mail correspondence with municipal bond

accounting expert re engagement

0.20 $145.00

RJP Analyze correspondence re identification, selection, and

retention of accountant expert as rebuttal trial witness and as

consultant in connection with accounting depositions

0.20 $199.00

1/19/2018 KNK Analyze correspondence from B. Whyte re litigation risk

chart; reply and confer with D. Bussel and J. Weiss re

revisions

0.30 $442.50

KNK Analyze litigation risk chart and summaries 0.20 $295.00

KNK Conference call with M. Seidel, R. Pfister, J. Weiss re expert

on GASB

0.20 $295.00

KNK Confer with J. Weiss and R. Pfister re GASB expert 0.20 $295.00

KNK Conference call with C. Phillips, M. Seidel, R. Pfister et al. 0.30 $442.50

KNK Conference call with M. Seidel, R. Pfister, J. Weiss re expert

witnesses

0.10 $147.50

JMW Telephone conference with M. Seidel re accounting experts 0.20 $145.00

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Bill # 16266

.

Date Init Description Hours Amount

JMW Telephone conference with M. Seidel re follow up to calls

with accounting experts

0.10 $72.50

JMW Telephone conference with J. Riley re accounting experts' role 0.60 $435.00

JMW Telephone conference with W. Averett re accounting experts'

role

0.30 $217.50

JMW Confer with K. Klee, R. Pfister, D. Bussel re expert calls 0.20 $145.00

JMW Analyze and comment on revised draft scope chart 0.20 $145.00

RJP Conference call with potential accounting consultants 0.30 $298.50

RJP Telephone conference with M. Seidel re engagement of

accounting expert

0.10 $99.50

RJP Conference call with potential accounting consultants 0.60 $597.00

RJP Telephone conference with M. Seidel re vetting and retention

of accounting expert/consultant

0.20 $199.00

RJP Analyze revised draft scope chart prepared in connection with

mediation, and email correspondence re same

0.10 $99.50

1/20/2018 KNK Analyze correspondence from B. Whyte re expert witnesses 0.10 $147.50

1/22/2018 KNK Analyze pleadings re Ambac's urgent motion for leave to

replead; emails re COFINA agent's response

0.30 $442.50

KNK Analyze correspondence from M. Seidel re Holder as experts

witness; emails re same

0.20 $295.00

KNK Analyze pleadings re proposed revised stipulation re summary

judgment etc; emails re same

0.20 $295.00

DJB Email correspondence with working group re AMBAC

motion to replead

0.20 $249.00

DJB Review AMBAC motion to replead 0.30 $373.50

JMW Analyze proposed order for continuation of discovery

deadlines and telephone conference / exchange e-mail

correspondence with J. Dugan re same

0.50 $362.50

JMW Exchange e-mail correspondence with M. Seidel, R. Pfister re

accounting experts

0.10 $72.50

JMW Analyze draft AMBAC motion for leave to replead and

exchange e-mail correspondence with B. Whyte and Willkie

re same

0.50 $362.50

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Bill # 16266

.

Date Init Description Hours Amount

JMW Analyze CW Agent motion to extend deadlines and for

expedited consideration

0.40 $290.00

RJP Telephone conference with prospective accounting consultant 0.10 $99.50

RJP Prepare to interview potential accounting expert 0.60 $597.00

RJP Analyze draft scheduling stipulation and exchange email

correspondence re acceptability of same

0.20 $199.00

1/23/2018 KNK Analyze Homeplace Stores, Inc. case re recharacterization 0.10 $147.50

KNK Analyze pleadings re draft response in support of

Commonwealth agent's urgent motion to reschedule; revise

same; reply; emails

0.30 $442.50

KNK Analyze correspondence from K. John Shaffer re 2013

Commonwealth financial statements; reply

0.10 $147.50

KNK Analyze pleadings re Ambac's motion to amend

counterclaims; emails; reply

0.30 $442.50

KNK Analyze pleadings re Ambac's motion to expedite 0.10 $147.50

KNK Analyze pleadings re Mutual Fund Group's limited objection

to Commonwealth agent's motion to reschedule

0.10 $147.50

DJB Email correspondence with working group re AMBAC

motion to amend

0.30 $373.50

JMW Call with potential expert witness on accounting issues 0.60 $435.00

JMW Analyze correspondence from D. Goldman, M. Stancil, others

re COFINA seniors’ position on motion for amendment of

deadlines

0.30 $217.50

JMW Analyze AMBAC motion and Exhibit A to amend

counterclaims

0.60 $435.00

JMW Exchange e-mail correspondence with K. Klee, COFINA

seniors re issues relating to preparation for accounting

depositions

0.20 $145.00

JMW Exchange e-mail correspondence with B. Whyte, Willkie, K.

Klee, and D. Bussel (extensive) re strategy re responses to

AMBAC motion and CW Agent motion

0.80 $580.00

JMW Analyze draft response of COFINA Agent to CW Agent

motion

0.20 $145.00

JMW Analyze responses (various) to CW Agent motion 0.50 $362.50

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.

Date Init Description Hours Amount

RJP Conference call with prospective expert witness, K. Klee, and

Willkie team

0.60 $597.00

RJP Exchange email correspondence with bondholder group and

K. Klee, et al. re potential approaches to accounting issues

expected to be raised by Commonwealth agent; preliminary

review of cited authorities

0.80 $796.00

1/24/2018 KNK Analyze Alix engagement letter; emails re same 0.20 $295.00

KNK Analyze pleadings re statement of support of cross motion for

conference; revise same; emails

0.30 $442.50

KNK Analyze correspondence from S. Kirpalani re expert witness

re accounting issues; reply; emails

0.20 $295.00

KNK Analyze pleadings re draft memo of law in support of

COFINA agent's motion for summary judgment

0.60 $885.00

KNK Revise draft memo of law in support of COFINA agent's

motion for summary judgment

1.80 $2,655.00

KNK Analyze pleadings re order denying request for status

conference; emails

0.10 $147.50

KNK Analyze pleadings re order amending scheduling order 0.10 $147.50

KNK Analyze correspondence from A. Yanez et al re request for

status conference; emails; reply

0.20 $295.00

KNK Prepare correspondence to B. Whyte re summary judgment

hearing; reply

0.10 $147.50

KNK Analyze pleadings re order denying Ambac's motion for leave

to amend

0.10 $147.50

KNK Telephone conference with A. Yanez re motion to extend

summary judgment

0.10 $147.50

KNK Analyze correspondence from B. Whyte re motion to extend

summary judgment

0.10 $147.50

DJB Email correspondence with working group re Senior COFINA

motion for 105(d) conference

0.10 $124.50

DJB Review statement in support re 105(d) conference; email

correspondence with Willkie re same

0.30 $373.50

DJB Conference call with working group re status of litigation,

current motions, mediation

0.60 $747.00

DJB Review and revise draft MSJ 1.80 $2,241.00

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Date Init Description Hours Amount

DJB Review Swain orders re clarification, scheduling, status

conference, and email correspondence with working group re

same

0.30 $373.50

DJB Review pleadings re urgent motions 0.40 $498.00

DJB Email correspondence with working group re motion to

extend MSJ filing deadline

0.30 $373.50

JMW Analyze order granting extension of deadlines 0.10 $72.50

JMW Analyze order denying AMBAC motion 0.10 $72.50

JMW Work on MSJ brief 2.10 $1,522.50

JMW Analyze and extensive correspondence with B. Whyte and

Willkie re filing of statement re COFINA Seniors’ request for

status conference

0.60 $435.00

JMW Extensive correspondence with B. Whyte and Willkie re

scheduling order entered by Judge and strategy re next steps

0.50 $362.50

JMW Exchange e-mail correspondence COFINA Seniors, Willkie,

and K. Klee re accounting expert and arguments

0.10 $72.50

RJP Review draft and related correspondence/analysis re

bondholder status conference request, and Court’s order

thereon

0.20 $199.00

1/25/2018 KNK Analyze pleadings re motion to extend summary judgment

deadline; proposed order

0.20 $295.00

KNK Analyze revisions to summary judgment brief; emails 0.50 $737.50

KNK Analyze correspondence from M. Seidel re Holder status 0.10 $147.50

DJB Review collected KTBS comments to MSJ 0.50 $622.50

DJB Review draft motion to extend deadlines (MSJ) 0.30 $373.50

DJB Email correspondence with working group re comments to

motion to extend deadlines (MSJ)

0.20 $249.00

JMW Analyze scheduling order re COFINA agent’s motion to

extend deadlines

0.10 $72.50

JMW Analyze GO bondholders statement of support of COFINA

agent’s motion

0.10 $72.50

JMW Analyze draft motion of COFINA Agent to extend MSJ

briefing deadlines and correspondence with working group re

same

0.50 $362.50

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Date Init Description Hours Amount

JMW Work on comment to motion for summary judgment 0.50 $362.50

1/26/2018 KNK Analyze pleadings re proposed reply to FOMB be response to

urgent motion to extend summary judgment date

0.10 $147.50

KNK Conference call with A. Yanez; Bob Attmore et al re expert

witness

0.60 $885.00

KNK Analyze Oversight Board conditional consent to extension 0.20 $295.00

KNK Analyze pleadings re second amended answer and

counterclaims; revise

1.80 $2,655.00

DJB Review Klee comments to second amended answer 0.30 $373.50

DJB Review FOMB statement re motion to extend MSJ 0.20 $249.00

DJB Review reply in support of motion to extend MSJ deadlines;

email correspondence with working group re same

0.20 $249.00

JMW Call with potential accounting expert and Willkie 0.60 $435.00

JMW Analyze draft second amended counterclaims and answer 0.80 $580.00

JMW Analyze correspondence from M. Seidel re accounting expert 0.10 $72.50

RJP Conference call with potential accounting expert witness 0.60 $597.00

1/27/2018 KNK Analyze pleadings re order extending briefing schedule and

summary judgment

0.10 $147.50

KNK Analyze pleadings re response re motion to extend time to

move for summary judgment

0.10 $147.50

DJB Review draft second amended answer 0.60 $747.00

DJB Review order re extension of MSJ; email correspondence with

working group re same

0.30 $373.50

JMW Analyze responses, replies re COFINA Agent motion re

scheduling of SJ briefing

0.30 $217.50

JMW Analyze Senior COFINA Holders’ correspondence re draft SJ

brief

0.20 $145.00

RJP Review Quinn Emanuel edits/comments to draft summary

judgment brief

0.10 $99.50

1/29/2018 DJB Email correspondence with working group re answer to

second amended complaint

0.20 $249.00

JMW Telephone conference with T. Yanez, M. Seidel, and R.

Pfister re accounting depositions

0.50 $362.50

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Date Init Description Hours Amount

JMW Analyze draft second amended complaint and confer with S.

Hussein re same

0.30 $217.50

RJP Conference call with Willkie team and J. Weiss re

preparations/strategy for auditor depositions

0.60 $597.00

RJP Analyze proposed protective order stipulation and undertake

legal research and analysis re effectiveness of same; exchange

email correspondence with K. Klee re results of research

0.50 $497.50

1/30/2018 KNK Analyze pleadings re second amended answer 1.10 $1,622.50

KNK Analyze pleadings re answer affirmative defenses and

counterclaims of National

0.80 $1,180.00

DJB Review and comment on draft MSJ 1.00 $1,245.00

DJB Email correspondence with working group re second amended

answer filings (various parties)

0.40 $498.00

JMW Analyze as-filed COFINA answer 0.20 $145.00

JMW Analyze revised draft and redline of COFINA MSJ 0.80 $580.00

JMW Analyze AMBAC answer to second amended complaint 0.30 $217.50

RJP Analyze revised draft summary judgment brief and email

correspondence re same

0.50 $497.50

1/31/2018 KNK Analyze pleadings re draft summary judgment brief and

comments thereon

0.90 $1,327.50

KNK Analyze pleadings re amended answers to Commonwealth

agent's complaint; emails analyzing same

2.80 $4,130.00

KNK Analyze correspondence from N. Navarro-Cabrer re

certification to Puerto Rico S. Ct.; emails

0.20 $295.00

DJB Email correspondence with Willkie re Bussel comments on

MSJ

0.30 $373.50

JMW Analyze answers (several) and redlines to second amended

complaint

1.30 $942.50

JMW Analyze correspondence from C. Koenig re impact of J.

Swain order re GO bondholders claims dismissal

0.10 $72.50

RJP Analyze correspondence re draft summary judgment brief and

strategy/timing issue in connection with request to certify

issues to Puerto Rico Supreme Court

0.20 $199.00

Professional Services Rendered 96.20 $102,572.00

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In Reference To: Case Administration

For Services Rendered Through 1/31/2018

File No.: 2291-0002

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Professional Services

Date Init Description Hours Amount

1/2/2018 JMW Analyze COFINA senior holders' reply re page limit

extension in COFINA interpleader case

0.10 $72.50

1/5/2018 KNK Analyze pleadings re informative motion of Commonwealth

Agent re 1/10 hearing

0.10 $147.50

KNK Analyze pleadings re informative motion of Senior

Bondholders re 1/10 hearing on Commonwealth urgent

motion

0.10 No Charge

KNK Analyze pleadings re AFSCME informative motion re 1/10

hearing on Commonwealth Agent's urgent motion

0.10 No Charge

JMW Analyze several informative motions for 1/10 hearing 0.20 $145.00

JMW Analyze joint report of AMBAC and FOMB re 2004 motion 0.10 $72.50

1/8/2018 SDP Set up 1/10 telephonic appearance for K. Klee 0.10 No Charge

SDP Prepare correspondence to K. Klee re 1/10 telephonic hearing 0.10 No Charge

1/9/2018 KNK Analyze article re PR House elimination of SUT 0.10 $147.50

1/17/2018 JMW Analyze COFINA seniors supplemental 2019 statement 0.10 $72.50

DJB Review FEMA letter re CDL 0.20 $249.00

1/18/2018 DJB Email correspondence with working group and O'Melveny re

COFINA board minutes

0.20 $249.00

1/22/2018 JMW Analyze correspondence from B. Whyte re insurers’ position

on PREPA sale

0.10 $72.50

1/23/2018 JMW Analyze proposed expert retention agreement and

correspondence from K. Klee and Willkie re same

0.30 $217.50

DJB Email correspondence with COFINA creditors re objections

and joinders to AMBAC / UCC; motion for 105(d)

conference

0.50 $622.50

1/29/2018 KNK Analyze correspondence from S. Hussein re signature block

and pro hac vice motion; reply

0.10 $147.50

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Date Init Description Hours Amount

KNK Analyze draft expert engagement letters; emails 0.30 $442.50

SDP Revise R. Pfister pro hac vice motion 0.10 $37.50

SDP Revise R. Pfister pro hac vice motion 0.10 No Charge

JMW Analyze and suggest revisions to draft expert engagement

letters

0.50 $362.50

RJP Review draft expert engagement letters and email

correspondence re same

0.10 $99.50

1/30/2018 KNK Analyze pleadings re order dismissing GO Bondholders' suit;

emails and articles; reply

0.40 $590.00

DJB Review Swain opinion re dismissal of PREPA declaratory

relief action on section 305 and ripeness grounds; email

correspondence with working group re same (implications for

COFINA-Commonwealth dispute)

0.70 $871.50

JMW Analyze J. Swain opinion re GO bondholder suit 0.30 $217.50

RJP Review email correspondence re revisions to expert

engagement letters

0.10 $99.50

Professional Services Rendered 5.10 $4,936.00

In Reference To: Meetings/Creditor Communications

For Services Rendered Through 1/31/2018

File No.: 2291-0003

Label27

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Professional Services

Date Init Description Hours Amount

1/3/2018 KNK Conference call with B. Whyte, M. Feldman, J. Weiss and D.

Bussel re Luc Despins scope motion; objection, hearing date

0.30 $442.50

DJB Weekly conference call with COFINA agent working group 0.30 $373.50

JMW Weekly call with B. Whyte and Willkie 0.30 $217.50

1/5/2018 KNK Conference call with B. Whyte, M. Feldman et al re response

to Commonwealth Agent's urgent motion re constitutionality

0.40 $590.00

DJB Email correspondence with working group re constituent

positions on scope

0.20 $249.00

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Date Init Description Hours Amount

1/7/2018 KNK Conference call with B. Whyte and M. Feldman et al re

revised objection to Commonwealth motion for

reconsideration

0.30 $442.50

1/10/2018 KNK Conference call with B. Whyte and J. Weiss re hearing on

motion to reconsider

0.10 $147.50

DJB Email correspondence with working group and B. Whyte re

subordinated bondholder group

0.10 $124.50

JMW Telephone conference with B. Whyte and K. Klee re scope

hearing

0.10 $72.50

1/11/2018 KNK Conference call with B. Wendt and J. Duggan et al re expert

testimony on municipal finance

0.50 $737.50

RJP Conference call with municipal finance expert witness B.

Wendt, with K. Klee et al.

0.50 $497.50

1/14/2018 KNK Conference call with A. Yanez et al re depositions and expert

witness

0.30 $442.50

KNK Conference call with B. Whyte, A. Yanez et al re S.J. 0.30 $442.50

JMW Call with B. Whyte and Willkie re grant of motion to amend 0.30 $217.50

JMW Call with M. Feldman, T. Yanez and J. Dugan re expert

discovery issues

0.40 $290.00

DJB Conference call with B. Whyte and working group re order

granting motion to amend (scope); mediation strategy

0.30 $373.50

DJB Conference call with Willkie and KTBS working group re

mediation strategy; accounting depositions

0.40 $498.00

1/16/2018 KNK Analyze correspondence from COFINA bondholders re

response to scope order and amended complaint

0.10 $147.50

KNK Prepare correspondence to Willkie team re 1/17 creditor call 0.10 $147.50

KNK Conference call with B. Whyte and J. Weiss re trial and expert

witnesses

0.40 $590.00

DJB Communications with COFINA constituents re mediation

posture, process

0.20 $249.00

JMW Call with B. Whyte re litigation and deposition strategy 0.40 $290.00

JMW Telephone conference with B. Whyte and K. Klee re expert

witnesses

0.10 $72.50

1/17/2018 KNK Conference call with B. Whyte and S. Kirpalani et al re

COFINA House response to second amended complaint

1.00 $1,475.00

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Bill # 16266

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Date Init Description Hours Amount

KNK Conference call with B. Whyte, A. Yanez et al re summary

judgment, certification, depositions

0.60 $885.00

DJB Confer with COFINA constituents re mediation process,

scope order issues

0.60 $747.00

JMW Weekly call with B. Whyte and Willkie 0.60 $435.00

JMW Group call with COFINA parties (seniors, juniors, insurers) re

litigation and mediation issues

1.00 $725.00

1/24/2018 KNK Conference call with B. Whyte, A. Yanez et al re weekly

strategy call

0.40 $590.00

JMW Weekly call re strategy with B. Whyte and Willkie 0.40 $290.00

1/25/2018 KNK Analyze correspondence from J. Gana re creditor working

group call re Commonwealth-COFINA mediations

0.10 $147.50

1/31/2018 KNK Conference call with B. Whyte, M. Feldman et al re mediation

motion

0.50 $737.50

KNK Conference call with B. Whyte, D. Bussel and J. Weiss re

mediation motion

0.20 $295.00

DJB Weekly status call with COFINA Agent working group 0.50 $622.50

DJB Confer with B. Whyte and KTBS working group re mediation

strategy

0.20 $249.00

JMW Weekly call with Willkie, B. Whyte re mediation motion 0.50 $362.50

JMW Follow up call with B. Whyte re mediation 0.20 $145.00

Professional Services Rendered 13.20 $15,361.00

In Reference To: Mediation/Negotiations

For Services Rendered Through 1/31/2018

File No.: 2291-0004

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Professional Services

Date Init Description Hours Amount

1/6/2018 KNK Telephone conference with B. Whyte re judge Houser's views

re scope and mediation

0.20 $295.00

1/9/2018 KNK Telephone conference with B. Whyte re mediations 0.20 $295.00

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Date Init Description Hours Amount

1/12/2018 KNK Analyze memo re mediation from Judge Houser; emails re

same; craft response

0.40 $590.00

JMW Analyze mediation memo 0.10 $72.50

1/13/2018 KNK Analyze correspondence from J. Weiss re mediation memo;

reply

0.10 $147.50

1/14/2018 KNK Telephone conference with B. Whyte re mediation 0.10 $147.50

KNK Conference call with A. Yanez et al re mediation brief and

immunity

0.10 $147.50

1/15/2018 KNK Analyze correspondence from C. Koenig re letter to B.

Houser re mediation; revise and reply; emails

0.20 $295.00

KNK Analyze revised letter to Judge Houser re mediation 0.10 $147.50

KNK Analyze correspondence from B. Whyte re mediation call

with B. Houser; reply

0.10 $147.50

KNK Analyze correspondence from M. Feldman, B. Whyte et al re

mediation call with judge Houser; next steps

0.20 $295.00

DJB Email correspondence with working group re Houser call (B.

Whyte, M. Feldman)

0.80 $996.00

DJB Review correspondence with working group re letter to B.

Houser and comments thereon

0.80 $996.00

JMW Exchange e-mail correspondence with Willkie and K. Klee

and B. Whyte re letter to mediators

0.30 $217.50

JMW Analyze correspondence from M. Feldman re result of call

with mediators and exchange e-mail correspondence with K.

Klee and D. Bussel and B. Whyte re same

0.20 $145.00

1/16/2018 KNK Analyze correspondence from B. Whyte re COFINA agent's

participation in mediation; reply

0.20 $295.00

DJB Review Houser memo re mediation 0.20 $249.00

DJB Email correspondence with working group re mediation

conference

0.10 $124.50

JMW Analyze memo from Willkie firm to constituents re mediation

issues

0.10 $72.50

JMW Analyze draft scope chart prepared by Paul Hastings firm 0.20 $145.00

1/17/2018 DJB Review creditor update deck and fiscal plan status 0.30 $373.50

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Date Init Description Hours Amount

JMW Analyze scope charts and exchange e-mail correspondence

with S. Hussein re same

0.10 $72.50

JMW Analyze correspondence (2) from mediators and Powerpoint

attachment

0.20 $145.00

1/18/2018 KNK Analyze correspondence from E. Kay re revised memo to

Judge Houser re mediation

0.10 $147.50

DJB Review COFINA parties draft mediation memo to B. Houser;

email correspondence with working group re mediation memo

0.30 $373.50

DJB Confer with J. Weiss re mediation memo 0.20 $249.00

DJB Review revised COFINA parties mediation memo to B.

Houser

0.10 $124.50

JMW Analyze and strategize re mediation letter (two drafts) to J.

Houser

0.60 $435.00

1/19/2018 DJB Prepare In-Scope Risk Assessment 1.20 $1,494.00

DJB Review draft scope chart and email correspondence with

working group re same

0.20 $249.00

DJB Review draft charts re risk assessment 0.30 $373.50

SDP Revise risk assessment charts 0.40 $150.00

JMW Work on mediation risk chart 0.30 $217.50

1/21/2018 DJB Email correspondence with J. Weiss and K. Klee re revised

charts

0.20 $249.00

JMW Analyze risk assessment charts and exchange e-mail

correspondence with D. Bussel and K. Klee re same

0.30 $217.50

1/22/2018 KNK Analyze draft mediation memo 0.10 $147.50

DJB Email correspondence with working group re mediation

memo to Houser

0.10 $124.50

JMW Analyze revised mediation memo and correspondence from E.

Kay re same

0.20 $145.00

1/23/2018 KNK Analyze revised risk charts and emails re same 0.20 $295.00

DJB Email correspondence with B. Whyte re mediation analysis 0.20 $249.00

JMW Analyze final revised risk assessment charts and narrative 0.20 $145.00

1/27/2018 KNK Analyze correspondence from B. Howser re mediation and

summary judgment; emails; reply

0.20 $295.00

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Date Init Description Hours Amount

DJB Email correspondence with working group re Houser

correspondence

0.40 $498.00

DJB Email correspondence with working group re Senior COFINA

clarification request

0.10 $124.50

JMW Analyze correspondence re B. Houser correspondence re

mediation

0.20 $145.00

1/28/2018 KNK Analyze correspondence from B. Houser re mediation

schedule

0.10 $147.50

KNK Analyze correspondence from M. Feldman re call with B.

Houser and mediation schedule; reply

0.10 $147.50

KNK Analyze revised risk assessment charts 0.20 $295.00

DJB Email correspondence with working group re agreement to

move to extend mediation immunity

0.30 $373.50

DJB Email correspondence with B. Whyte re revised mediation

analysis

0.40 $498.00

JMW Analyze mediation memo from mediation team 0.10 $72.50

1/29/2018 KNK Conference call with B. Whyte and M. Feldman re AFFAF

mediation position

0.20 $295.00

KNK Analyze pleadings re joint urgent motion to expand agent's

mediation authority and immunity; emails re same; reply

0.30 $442.50

DJB Email correspondence with working group re out-of-scope

mediation authority

0.30 $373.50

DJB Review draft motion re mediation scope 0.20 $249.00

DJB Email correspondence with working group re draft motion re

mediation scope

0.20 $249.00

JMW Analyze motion re expansion of mediation immunity and

confer with Willkie and B. Whyte re same

0.50 $362.50

1/30/2018 KNK Analyze correspondence from B. Houser re motion re

immunity

0.10 $147.50

KNK Revised motion to expand scope of mediation and immunity;

emails re same

0.20 $295.00

KNK Analyze pleadings re proposed order re motion to expand

scope of mediation

0.10 $147.50

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Bill # 16266

.

Date Init Description Hours Amount

DJB Email correspondence with working group re comments and

objections to draft order re out-of-scope mediation (various

constituents)

0.50 $622.50

DJB Review revised order re out-of-scope mediation and email

correspondence with working group re comments

0.30 $373.50

DJB Email correspondence with working group re Ambac

objections to out-of-scope mediation

0.20 $249.00

JMW Analyze revised order granting mediation immunity 0.20 $145.00

JMW Analyze correspondence (extensive) between COFINA

constituencies and FOMB re mediation immunity motion

0.20 $145.00

1/31/2018 KNK Confer with D. Bussel and J. Weiss re mediation motion 0.30 $442.50

KNK Prepare correspondence to M. Feldman re mediation authority 0.10 $147.50

KNK Revise joint motion expanding authority for mediation

purposes

0.60 $885.00

DJB Email correspondence with working group re proposed

modifications to out-of-scope mediation order

0.20 $249.00

DJB Review revised form of order (mediation of out-of-scope

issues)

0.30 $373.50

DJB Review draft motion to authorize Agents re mediation

(out-of-scope)

0.20 $249.00

DJB Confer with K. Klee and J. Weiss re mediation strategy 0.30 $373.50

JMW Confer with K. Klee and D. Bussel re mediation 0.30 $217.50

JMW Continued review and analysis re mediation brief 0.50 $362.50

JMW Analyze revised FOMB draft of mediation immunity motion

and several iterations of order and exchange e-mail

correspondence with Willkie and K. Klee re same

0.50 $362.50

Professional Services Rendered 19.40 $22,153.00

In Reference To: Fee Applications and Retention

For Services Rendered Through 1/31/2018

File No.: 2291-0005

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Date Init Description Hours Amount

1/3/2018 KNK Analyze memo re fee examiner demands; confer with J.

Weiss re same

0.30 $442.50

DJB Review Fee Examiner memo 0.10 $124.50

SDP Analyze correspondence from K. Stadler re fee examiner

memo to professionals on status report and fee review process

0.10 No Charge

SDP Analyze fee examiner's 1/3 status report/fee review process

memo

0.10 $37.50

JMW Analyze fee examiner memo and prepare correspondence to

K. Klee, D. Bussel and b. Whyte re same

0.40 $290.00

JMW Work on monthly fee statement 0.50 No Charge

1/9/2018 SDP Prepare December fee statement and exhibits 1.60 $600.00

SDP Exchange e-mail correspondence with N. Navarro-Cabrer re

December fee statements

0.20 $75.00

1/11/2018 SDP Analyze correspondence from J. Weiss re fee payment 0.10 $37.50

JMW Prepare correspondence re notice of COFINA non-payment of

fees to Commonwealth

0.20 $145.00

1/12/2018 SDP Analyze email exchange between J. Weiss and N.

Navarro-Cabrer re December fee statement (multiple)

0.20 $75.00

1/15/2018 KNK Analyze draft email to S. Uhland re overdue fees 0.10 $147.50

JMW Prepare fifth monthly fee application 1.50 $1,087.50

JMW Prepare correspondence to S. Uhland re payment on fourth

monthly fee application

0.20 $145.00

1/16/2018 KNK Revise Fifth Monthly Fee Statement 0.20 $295.00

KNK Prepare correspondence to S. Uhland re past due fees 0.10 $147.50

SDP Analyze correspondence from N. Navarro-Cabrer re payment

of November fees

0.10 $37.50

SDP Analyze correspondence from J. Weiss to N. Navarro-Cabrer

re payment of November fees

0.10 $37.50

JMW Revise and finalize monthly fee statement 0.50 $362.50

1/17/2018 SDP Analyze email exchange between J. Weiss and N.

Navarro-Cabrer re payment of November fees

0.20 No Charge

1/25/2018 SDP Exchange e-mail correspondence with J. Weiss re statement

of no objection re December fee statement

0.20 $75.00

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.

Date Init Description Hours Amount

SDP Analyze email exchange between J. Weiss and N.

Navarro-Cabrer re statement of no objection

0.20 $75.00

JMW Exchange e-mail correspondence with S. Pearson, N. Navarro

re statements of non-objection re December fees

0.10 $72.50

1/26/2018 SDP Prepare statement of no objection re December fee application 0.20 $75.00

1/29/2018 KNK Analyze pleadings re fee examiner stiuplation re

confidentiality; emails re same

0.20 $295.00

DJB Email correspondence with working group re attorney-client

privilege waiver

0.10 $124.50

DJB Email correspondence with working group re fee examiner

agreement

0.20 $249.00

SDP Exchange e-mail correspondence with N. Navarro-Cabrer re

statement of no objection

0.30 $112.50

SDP Revise KTB&S statement of no objection 0.10 $37.50

SDP Analyze correspondence from K. Stadler re stipulated

disclosure agreement and protective order

0.10 $37.50

SDP Serve KTB&S's and N. Navarro-Cabrer's statements of no

objection

0.30 $112.50

JMW Revise no-objection statement for December 2017 fees 0.20 $145.00

JMW Analyze stipulated disclosure agreement and protective order

from fee examiner

0.40 $290.00

JMW Exchange e-mail correspondence with Willkie and B. Whyte

and K. Klee and R. Pfister re fee examiner attorney client

privilege issues

0.20 $145.00

Professional Services Rendered 9.60 $5,933.00

In Reference To: Budget

For Services Rendered Through 1/31/2018

File No.: 2291-0007

Label27

Label27

Professional Services

Date Init Description Hours Amount

1/3/2018 SDP Analyze correspondence from N. Navarro-Cabrer re fee

examiner requirements for budgets

0.10 $37.50

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Bill # 16266

.

Date Init Description Hours Amount

1/5/2018 SDP Analyze correspondence from N. Navarro-Cabrer re budget 0.10 $37.50

1/15/2018 KNK Analyze correspondence from J. Weiss re proposed budget 0.10 $147.50

JMW Prepare budget and staffing plan 0.50 $362.50

JMW Prepare prospective budget per fee examiner request 0.50 $362.50

1/16/2018 KNK Revise January 2018 budget; email J. Weiss 0.10 $147.50

KNK Revise February 2018 budget; email J. Weiss 0.10 $147.50

SDP Analyze email to B. Whyte re February budget 0.10 No Charge

Professional Services Rendered 1.60 $1,242.50

In Reference To: Discovery/Fact Analysis

For Services Rendered Through 1/31/2018

File No.: 2291-0008

Label27

Label27

Professional Services

Date Init Description Hours Amount

1/1/2018 RJP Review correspondence re newly-produced documents from

PMA

0.10 $99.50

1/2/2018 KNK Analyze correspondence from B. Whyte re SUT 0.10 $147.50

JMW Exchange e-mail correspondence with J. Dugan re experts 0.10 $72.50

1/3/2018 JMW Analyze COFINA Agent responses and objections to CW

Agent first set of interrogatories

0.20 $145.00

RJP Analyze COFINA Agent’s objections and responses to

interrogatories served by Commonwealth Agent; review

correspondence re same and re document productions

0.20 $199.00

1/5/2018 JMW Analyze correspondence from J. Worthington re CO Agent

responses to COFINA discovery

0.10 $72.50

JMW Analyze GO Bondholders brief re fiscal plan materials 0.20 $145.00

RJP Review correspondence from Commonwealth Agent’s

counsel re objections/responses to interrogatories; review

document production notifications

0.10 $99.50

1/7/2018 DJB Review 30(b)(6) notice re PMK 0.20 $249.00

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Date Init Description Hours Amount

JMW Analyze 30(b)(6) notice to COFINA 0.10 $72.50

1/8/2018 JMW Analyze objections and responses of GO holders to COFINA

document requests

0.50 $362.50

JMW Analyze CW Agent responses to CO Agent interrogatories 0.40 $290.00

JMW Analyze CO Agent deposition notice and exchange e-mail

correspondence with D. Bussel re same

0.10 $72.50

RJP Analyze Rule 30(b)(6) notice, discovery objections/responses,

and correspondence re same

0.30 $298.50

1/9/2018 DJB Review status of SUT legislation 0.10 $124.50

KNK Analyze pleadings re discovery objections 0.30 $442.50

DJB Review answers to third party interrogatories

(Decagon/Tilden/Golden Tree)

0.50 $622.50

DJB Email correspondence with working group re accounting

expert

0.10 $124.50

JMW Analyze COFINA holders responses/objections to CW Agent

discovery

0.20 $145.00

RJP Analyze document subpoena and objections/responses to

same

0.20 $199.00

1/10/2018 DJB Analyze reports re fiscal plan extension 0.10 $124.50

KNK Analyze correspondence from S. Hussein re depositions;

confer with B. Whyte, R. Pfister and J. Weiss re coverage

0.30 $442.50

KNK Analyze pleadings re deposition subpoenas 0.30 $442.50

DJB Review Wendt resume and related email correspondence with

working group

0.10 $124.50

DJB Review 30(b)(6) deposition notices for COFINA Agent

(PMK); Pagan Irizarry

0.20 $249.00

DJB Email correspondence with working group re deposition

coverage

0.20 $249.00

JMW Analyze accounting-related discovery served by CW and CO

Agents and research re analyze related issues

1.70 $1,232.50

JMW Analyze chart of depositions for week of 1/19-1/26 and

correspondence from Willkie firm re same

0.20 $145.00

JMW Confer with K. Klee and R. Pfister re deposition coverage 0.10 $72.50

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Bill # 16266

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Date Init Description Hours Amount

RJP Plan and prepare for depositions, with K. Klee and J. Weiss;

extensive correspondence re same with B. Whyte and Willkie

team

0.80 $796.00

1/11/2018 JMW Telephone conference with J. Dugan re response to motion to

amend

0.10 $72.50

JMW Analyze notice of CW Agent deposition of

government/treasury

0.10 $72.50

1/12/2018 KNK Analyze correspondence from D. Bussel and J. Weiss re

subpoenas and depositions

0.10 $147.50

DJB Email correspondence with KTBS working group re KPMG

deposition

0.30 $373.50

JMW Exchange e-mail correspondence with S. Hussein re

deposition coverage

0.10 $72.50

JMW Analyze issues re accounting firm discovery and depositions

and research re same

0.80 $580.00

RJP Plan and prepare for cross-noticed deposition of KPMG 0.50 $497.50

1/13/2018 KNK Analyze correspondence from J. Weiss re depositions; reply 0.10 $147.50

DJB Email correspondence with working group re mediation brief,

accounting depositions

0.20 $249.00

JMW Exchange e-mail correspondence with M. Feldman and T.

Yanez re mediation and discovery issues

0.20 $145.00

1/14/2018 JMW Exchange e-mail correspondence with J. Dugan, K. Klee, R.

Pfister re expert discovery proposal

0.30 $217.50

1/15/2018 KNK Analyze correspondence from J. Weiss re discovery; reply 0.10 $147.50

KNK Analyze correspondence from S. Hussein re accountants

depositions

0.10 $147.50

DJB Review O'Melveny document production (J. Daniels

correspondence)

0.20 $249.00

JMW Analyze correspondence from J. Daniels re AAFAF

production

0.10 $72.50

JMW Analyze correspondence from S. Hussein re COFINA

financial statements

0.10 $72.50

JMW Work on preparation for accounting depositions (analyze

relevant produced documents)

1.10 $797.50

RJP Analyze correspondence re accountant depositions 0.20 $199.00

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Bill # 16266

.

Date Init Description Hours Amount

1/16/2018 DJB Email correspondence with Willkie re discovery issues,

accounting depositions, timing

0.20 $249.00

DJB Email correspondence with B. Whyte re accounting expert 0.10 $124.50

DJB Confer with J. Weiss re accounting expert 0.20 $249.00

DJB Confer with C. Nelson re accounting expert 0.30 $373.50

DJB Email correspondence with M. Luber re accounting expert 0.10 $124.50

JMW Analyze documents and issues re accounting deposition

preparation and expert witnesses

3.30 $2,392.50

RJP Analyze correspondence re upcoming depositions 0.10 $99.50

RJP Coordinate with B. Whyte, K. Klee, D. Bussel, and J. Weiss

re retention of account expert in advance of third-party

depositions of accounting expert

0.20 $199.00

RJP Plan and prepare for lead role in accounting-related

depositions; coordinate with J. Weiss re same

0.20 $199.00

1/17/2018 JMW Prepare for accounting depositions, including analysis of

produced documents regarding same and expert issues

1.90 $1,377.50

KNK Analyze correspondence from S. Cooper re COFINA

discovery

0.10 $147.50

DJB Confer with M. Luber re accounting experts 0.40 $498.00

DJB Email correspondence with M. Luber and working group re

potential experts (accounting)

0.30 $373.50

DJB Review draft retention agreement (accounting expert) 0.20 $249.00

DJB Email correspondence with Willkie re deposition schedule 0.40 $498.00

JMW Analyze discovery letter from S. Cooper to J. Daniels 0.10 $72.50

JMW Exchange e-mail correspondence with S. Hussein re 1/19

deposition attendance

0.10 $72.50

RJP Continue preparing for accountant depositions, including

correspondence with Willkie et al. re deposition scheduling

and re engagement of accounting expert/consultant to assist in

reviewing accounting-related documents

0.50 $497.50

1/18/2018 KNK Analyze correspondence from S. Hussein re accountant

depositions

0.10 $147.50

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Bill # 16266

.

Date Init Description Hours Amount

KNK Analyze correspondence from J. Weiss re depositions in New

York

0.10 $147.50

KNK Analyze pleadings re KPMG motion to quash; emails 0.20 $295.00

KNK Analyze correspondence from J. Daniels re COFINA minutes

document production

0.10 $147.50

KNK Analyze pleadings re Commonwealth agents objection to

KPMG motion to quash

0.10 $147.50

DJB Email correspondence with working group re KPMG motion

to quash, deposition rescheduling

0.30 $373.50

DJB Review Dugan letter re discovery objections 0.10 $124.50

JMW Analyze J. Dugan letter to AAFAF re discovery 0.10 $72.50

JMW Analyze KPMG motion to quash and Commonwealth

response thereto

0.30 $217.50

JMW Analyze correspondence from J. Daniels and attachments re

discovery

0.10 $72.50

JMW Analyze status of KTBS third-party discovery subpoena

recipients (underwriting banks and Hawkins Delafield law

firm)

0.40 $290.00

JMW Work on preparation for accounting depositions 0.80 $580.00

RJP Analyze KPMG motion to quash and exchange email

correspondence with Willkie, et al, re impact on accounting

depositions

0.30 $298.50

1/19/2018 RJP Prepare for accountant depositions, including meet with K.

Klee and D. Bussel re issues/strategies and confer/correspond

with J. Weiss and Willkie team re timing

0.80 $796.00

JMW Analyze Commonwealth financial statements (production

from AAFAF) in preparation for accounting expert calls

1.20 $870.00

KNK Conference call with Susan and John from Alix with M.

Seidel et al re expert witness

0.60 $885.00

DJB Review report of FOMB meeting re liquidity 0.20 $249.00

KNK Analyze correspondence from N. Navarro-Cabrer re FOMB

meeting; emails

0.20 $295.00

DJB Email correspondence with working group re GASB expert 0.10 $124.50

DJB Confer with R. Pfister, K. Klee, and J. Weiss re GASB expert 0.40 $498.00

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Bill # 16266

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Date Init Description Hours Amount

JMW Analyze summary of 1/19 FOMB session on liquidity 0.10 $72.50

1/20/2018 KNK Analyze correspondence from A. Yanez and B. Whyte re

discovery extension; reply

0.10 $147.50

DJB Email correspondence with working group re accounting

expert

0.10 $124.50

DJB Email correspondence with working group re trial schedule /

discovery cutoff

0.20 $249.00

1/21/2018 JMW Analyze correspondence from B. Whyte re federal loan and

Commonwealth liquidity

0.10 $72.50

1/22/2018 DJB Email correspondence with working group re stipulation on

discovery schedule

0.20 $249.00

1/23/2018 KNK Conference call with potential expert and A. Yanez et al re

expert GASB witness

0.60 $885.00

KNK Analyze Commonwealth audited financial statements FY

2014 and emails re same

1.30 $1,917.50

DJB Email correspondence with working group re retention

(expert)

0.20 $249.00

DJB Email correspondence with working group re UCC motion on

discovery / summary judgment and objections thereto

0.40 $498.00

DJB Email correspondence with working group re accounting

working papers

0.30 $373.50

DJB Email correspondence with working group and O'Melveny re

Commonwealth document production

0.20 $249.00

DJB Review and comment on joinder to UCC motion re discovery

and summary judgment deadlines

0.30 $373.50

JMW Analyze (partial) accounting workpapers from KPMG 0.40 $290.00

JMW Analyze correspondence from B. Gray re production from

Santander

0.10 $72.50

RJP Analyze KPMG memoranda and analyses of proper

accounting treatment in preparation for accountant

depositions and accounting expert retention

1.00 $995.00

1/24/2018 DJB Review revised expert engagement letter 0.10 $124.50

JMW Analyze productions from accounting firms 1.20 $870.00

JMW Analyze subpoenas to Rivera and Velez and correspondence

from J. Worthington and S. Hussein re same

0.10 $72.50

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Bill # 16266

.

Date Init Description Hours Amount

JMW Analyze deposition notices from Committee to Goldman and

Lehman

0.10 $72.50

JMW Prepare correspondence to S. Hussein re third party discovery

status

0.10 $72.50

RJP Review correspondence re draft summary judgment brief and

discovery/scheduling materials and issues

0.30 $298.50

RJP Analyze continued production of accounting-related

documents and exchange email correspondence with J. Weiss

re same

0.40 $398.00

1/25/2018 KNK Analyze auditor documents re Commonwealth expert 0.40 $590.00

KNK Analyze deposition subpoenas 0.10 $147.50

DJB Email correspondence with working group re search for

accounting expert

0.30 $373.50

JMW Exchange e-mail correspondence with M. Seidel, K. Klee re

accounting expert

0.10 $72.50

JMW Anlayze supplemental auditor documents 0.30 $217.50

JMW Analyze correspondence re claimed Puerto Rico auditor

privilege

0.10 $72.50

RJP Analyze additional accounting-related documents identified

by the Commonwealth Agent in support of its theories and

exchange email correspondence re same and re

discovery/experts

0.60 $597.00

1/26/2018 DJB Email correspondence with working group re KPMG

deposition

0.10 $124.50

DJB Email correspondence with working group re potential

accounting experts

0.40 $498.00

DJB Review expert credentials for accounting expert 0.20 $249.00

JMW Exchange e-mail correspondence with J. Worthington, R.

Pfister re KPMG deposition

0.10 $72.50

RJP Exchange email correspondence re potential KPMG

deposition date and other accounting-related discovery

matters

0.30 $298.50

RJP Analyze accounting-related documents to be relied upon by

Commonwealth Agent’s accounting expert, in preparation for

accountant depositions

1.50 $1,492.50

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Bill # 16266

.

Date Init Description Hours Amount

1/28/2018 JMW Analyze accounting expert report from Commonwealth 1.20 $870.00

1/29/2018 DJB Email correspondence with working group re expert retention 0.10 $124.50

DJB Review expert report from FTI (accounting issues) 0.60 $747.00

JMW Analyze Miller Buckfire materials re SUT collection 0.20 $145.00

JMW Telephone conference with R. Pfister re accounting

depositions

0.10 $72.50

1/30/2018 JMW Exchange e-mail correspondence with J. Worthington, R.

Pfister, Willkie re KPMG deposition

0.10 $72.50

RJP Exchange email correspondence with Willkie team re KPMG

deposition

0.10 $99.50

1/31/2018 KNK Analyze Malloy deposition notice 0.10 $147.50

JMW Due diligence and deposition preparation re documents

produced by KPMG, RSM, and Deloitte

3.20 $2,320.00

JMW Exchange e-mail correspondence with S. Hussein and Willkie

litigation team re third party discovery

0.10 $72.50

Professional Services Rendered 46.20 $44,753.00

In Reference To: Non-Working Travel

For Services Rendered Through 1/31/2018

File No.: 2291-0009

Label27

Label27

Professional Services

Date Init Description Hours Amount

1/23/2018 JMW One half non-working travel to New York for COFINA

30(b)(6) and Commonwealth 30(b)(6) depositions

4.70 $3,407.50

JMW One half non-working travel to New York for COFINA

30(b)(6) and Commonwealth 30(b)(6) depositions

4.70 No Charge

1/28/2018 JMW One half time, travel back from NY from (adjourned)

depositions

4.00 No Charge

JMW One half time, travel back from NY from (adjourned)

depositions

4.00 No Charge

Professional Services Rendered 17.40 $3,407.50

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Total fees and expenses incurred $201,020.23

Timekeeper Summary

Name Hours Rate Amount

Label6

Label6

Bussel, Daniel J. 42.80 1245.00 $53,286.00

Pearson, Shanda D. 0.70 0.00 No Charge

Pearson, Shanda D. 4.50 375.00 $1,687.50

Klee, Kenneth N. 0.20 0.00 No Charge

Klee, Kenneth N. 45.30 1475.00 $66,817.50

Pfister, Robert J. 17.10 995.00 $17,014.50

Weiss, Jonathan M. 13.20 0.00 No Charge

Weiss, Jonathan M. 84.90 725.00 $61,552.50

208.70 $200,358.00

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Itemized Expenses for the Period January 1, 2018 Through January 31, 2018

Date Expense Category Total Description Invoice No.

01/04/2018 Delivery Services/Messengers $ 89.04 

FedEx to Hermann D. Bauer at Oneill & Borges LLC 

on 12/27/17 16266

01/04/2018 Delivery Services/Messengers $ 89.04 

FedEx to Andres W. Lopez at Law Offices of Andres 

W. Lopez on 12/27/17 16266

01/17/2018 Delivery Services/Messengers $ 15.78 

FedEx to Paul V. Possinger, Esq at Proskauer Rose 

LLP on 12/27/17 16266

01/17/2018 Delivery Services/Messengers $ 16.40 

FedEx to M. Bienenstock & Barak at Proskauer Rose 

LLP on 12/27/17 16266

01/17/2018 Delivery Services/Messengers $ 16.40 

FedEx to J. Rapisardi, S. Uhland at OMelveny & 

Myers LLP on 12/27/17 16266

01/18/2018 Telephone $ 3.46 Telephone Conference Service 16266

01/19/2018 Delivery Services/Messengers $ 29.50 

FedEx to A.J. Bennazar-Zequeira, Esq. at Bennazar, 

Garcia & Millian CSP on 01/16/18 16266

01/19/2018 Delivery Services/Messengers $ 29.50 

FedEx to Juan Casillas Ayala at Casillas, Santiago & 

Torres LLC on 01/16/18 16266

01/19/2018 Delivery Services/Messengers $ 29.50 

FedEx to Edificio Ochoa at Office of the US Trustee 

on 01/16/18 16266

01/29/2018 Travel $ 338.31 Airfare from SFO to JFK on 01/22/18 for J. Weiss 16266

01/31/2018 Online Research $ 5.30 Pacer - January2018 16266

Total $ 662.23 

1 of 1

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169263.1 

EXHIBIT 5 

COMPARABLE COMPENSATION DISCLOSURES

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169263.1 

COMPARABLE COMPENSATION DISCLOSURES 

Category of Timekeeper 

(Using categories already 

maintained by the Firm) 

Blended Hourly Rate 

Billed 

Firm for Preceding Year1

Billed 

In this Application 

Partners $875.00 $999.70 

Counsel/Associates $487.00 N/A 

Paralegal $305.00 $348.99 

Aggregated $779.00 $964.00 

 

 

1

 Represents the blended hourly rate for 2017 for each category of timekeeper, excluding estate work, per the 

UST Guidelines. 

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169263.1 

EXHIBIT 6 

BUDGETS AND STAFFING PLANS

 

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 Document Page 183 of 197
169263.1 

The Commonwealth of Puerto Rico, et al., Case No. 17 BK 3283-LTS 

Budget and Staffing Plan for Klee, Tuchin, Bogdanoff & Stern LLP, 

Special Municipal Bankruptcy Counsel for the COFINA Agent 

For the Period from October 1, 2017 through and including October 31, 2017 

Budget 

Project Category Budgeted Hours Budgeted Fees 

0001 – Litigation/Adversary Proceedings 40.00 $40,000

0002 – Case Administration 20.00 $20,000

0003 – Meetings/Creditor Communications 10.00 $12,000

0004 – Mediation/Negotiations 80.00 $80,000

0005 – Fee Application and Retention 8.00 $6,000

0006 – Fee Application and Retention Objections 1.50 $2,000

0007 – Budget 1.50 $1,000

0008 – Discovery/Fact Analysis 30.00 $30,000

0009 – Non-Working Travel 15.00 $10,000

Total: 206.00 $201,000

Staffing Plan 

Category of Timekeeper 

Number of Primary 

Timekeepers 

Expected to Work on 

the Matter During 

the Budget Period 

Average Hourly 

Rate 

Partners 4 $1,043.00

Counsel/Associates 0 N/A

Paralegals 1 $345.00

Law Clerk 0 N/A

 

TOTAL 5 

 

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169263.1 

The Commonwealth of Puerto Rico, et al., Case No. 17 BK 3283-LTS 

Budget and Staffing Plan for Klee, Tuchin, Bogdanoff & Stern LLP, 

Special Municipal Bankruptcy Counsel for the COFINA Agent 

For the Period from November 1, 2017 through and including November 30, 2017 

Budget 

Project Category Budgeted Hours Budgeted Fees 

0001 – Litigation/Adversary Proceedings 110.00 $120,000

0002 – Case Administration 22.00 $20,000

0003 – Meetings/Creditor Communications 20.00 $15,000

0004 – Mediation/Negotiations 50.00 $65,000

0005 – Fee Application and Retention 10.00 $7,000

0006 – Fee Application and Retention Objections 1.50 $2,000

0007 – Budget 2.50 $2,000

0008 – Discovery/Fact Analysis 55.00 $45,000

0009 – Non-Working Travel 16.00 $22,400

Total: 287.00 $298,400

Staffing Plan 

Category of Timekeeper 

Number of Primary 

Timekeepers 

Expected to Work on 

the Matter During 

the Budget Period 

Average Hourly 

Rate 

Partners 4 $1,043.00

Counsel/Associates 0 N/A

Paralegals 1 $345.00

Law Clerk 0 N/A

 

TOTAL 5 

 

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169263.1 

The Commonwealth of Puerto Rico, et al., Case No. 17 BK 3283-LTS 

Budget and Staffing Plan for Klee, Tuchin, Bogdanoff & Stern LLP, 

Special Municipal Bankruptcy Counsel for the COFINA Agent 

For the Period from December 1, 2017 through and including December 31, 2017 

Budget 

Project Category Budgeted Hours Budgeted Fees 

0001 – Litigation/Adversary Proceedings 60.00 $65,000

0002 – Case Administration 8.00 $8,000

0003 – Meetings/Creditor Communications 15.00 $15,000

0004 – Mediation/Negotiations 13.00 $13,000

0005 – Fee Application and Retention 22.00 $14,000

0006 – Fee Application and Retention Objections 1.00 $1,000

0007 – Budget 3.00 $2,000

0008 – Discovery/Fact Analysis 30.00 $25,000

0009 – Non-Working Travel 0 $0

Total: 152.00 $143,000

Staffing Plan 

Category of Timekeeper 

Number of Primary 

Timekeepers 

Expected to Work on 

the Matter During 

the Budget Period 

Average Hourly 

Rate 

Partners 4 $1,043.00

Counsel/Associates 0 N/A

Paralegals 1 $345.00

Law Clerk 0 N/A

 

TOTAL 5 

Case:17-03283-LTS Doc#:2728 Filed:03/19/18 Entered:03/19/18 16:07:41 Desc: Main

 Document Page 186 of 197
169263.1 

The Commonwealth of Puerto Rico, et al., Case No. 17 BK 3283-LTS 

Budget and Staffing Plan for Klee, Tuchin, Bogdanoff & Stern LLP, 

Special Municipal Bankruptcy Counsel for the COFINA Agent 

For the Period from January 1, 2018 through and including January 31, 2018 

Budget 

Project Category Budgeted Hours Budgeted Fees 

0001 – Litigation/Adversary Proceedings 95.00 $95,000

0002 – Case Administration 5.00 $5,000

0003 – Meetings/Creditor Communications 10.00 $10,000

0004 – Mediation/Negotiations 20.00 $20,000

0005 – Fee Application and Retention 8.00 $6,000

0006 – Fee Application and Retention Objections 1.00 $1,000

0007 – Budget 3.00 $2,000

0008 – Discovery/Fact Analysis 65.00 $65,000

0009 – Non-Working Travel 60.00 $27,000

Total: 267.00 $231,000

Staffing Plan 

Category of Timekeeper 

Number of Primary 

Timekeepers 

Expected to Work on 

the Matter During 

the Budget Period 

Average Hourly 

Rate 

Partners 4 $1,110.00

Counsel/Associates 0 N/A

Paralegals 1 $375.00

Law Clerk 0 N/A

 

TOTAL 5 

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169263.1 

EXHIBIT 7 

LIST OF PROFESSIONAL BY MATTER 

 

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EXHIBIT 7

List of Professionals By Matter

(October 1, 2017 - January 31, 2018)

Timekeeper

Hours 

Billed

Amount 

Billed

Hours 

Billed

Amount 

Billed

Hours 

Billed

Amount 

Billed

Hours 

Billed

Amount 

Billed

Hours 

Billed

Amount 

Billed

Hours 

Billed

Amount 

Billed

Hours 

Billed

Amount 

Billed

Hours 

Billed

Amount 

Billed

Bussel, Daniel J. 50.90 $61,820.50 11.60 $13,942.00 9.20 $11,134.00 30.30 $36,653.50 3.00 $3,605.00 1.30 $1,553.50 0.10 $119.50 17.60 $21,492.0

Klee, Kenneth N. 70.50 $100,740.00 2.30 $3,295.00 20.90 $29,680.00 20.50 $29,060.00 5.10 $7,207.50 1.90 $2,682.50 13.40 $19,172.5

Fidler, David A. 0.50 $490.00 Pfister, Robert J. 10.90 $10,621.50 0.20 $199.00 0.50 $497.50 14.30 $13,836.5Weiss, Jonathan M. 111.70 $75,710.00 16.20 $10,657.50 15.00 $10,072.50 25.90 $17,232.50 24.50 $16,202.50 0.10 $65.00 4.20 $2,805.00 71.70 $48,315.0

Pearson, Shanda D. 0.30 $103.50 0.90 $313.50 2.50 $874.50 28.70 $10,015.50 0.90 $316.50 0.50 $172.5

TOTALS 244.30 $248,995.50 31.20 $28,407.00 46.10 $51,874.00 79.20 $83,820.50 61.30 $37,030.50 1.40 $1,618.50 7.10 $5,923.50 117.50 $102,988.5

Matter 0001 

(Litigation

Adversary 

Proceedings)

Matter 0002

(Case Admin)

Matter 0003

(Meetings & Creditor 

Comm.)

Matter 0004

(Mediation & 

Negotiations)

Matter 0005

(Fee Apps & 

Retention)

Matter 0006

(Fee Apps & 

Retention 

Objections)

Matter 0007

(Budget)

Matter 0008

(Discovery 

&

Fact Analysis)

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169263.1 

EXHIBIT 8 

KLEE, TUCHIN, BOGDANOFF & STERN LLP’S 

ENGAGEMENT LETTER

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