Exhibit B

Monthly Statements

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 1 of 112
UNITED STATES DISTRICT COURT

DISTRICT OF PUERTO RICO

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

In re:

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO,

 as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al.,

 Debtors. 1

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

PROMESA

Title III

No. 17 BK 3283-LTS

(Jointly Administered)

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

IN RE:

THE FINANCIAL OVERSIGHT AND

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of

THE EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO, 

 Debtor.

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

PROMESA

Title III

No. 17 BK 3566-LTS

COVER SHEET TO TENTH MONTHLY FEE APPLICATION OF PROSKAUER ROSE 

LLP FOR COMPENSATION FOR FEES AND SERVICES RENDERED OUTSIDE OF 

PUERTO RICO AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS TO THE 

FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, AS 

REPRESENTATIVE OF DEBTOR, EMPLOYEES RETIREMENT SYSTEM

(“ERS”), FOR THE PERIOD FEBRUARY 1, 2018 THROUGH FEBRUARY 28, 2018

ALL FEES AND SERVICES IN THIS MONTHLY FEE STATEMENT WERE 

INCURRED OUTSIDE OF PUERTO RICO

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

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

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

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

8474); (iii) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) 

(Last Four Digits of Federal Tax ID: 3808); and (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). (Title III case numbers are listed as Bankruptcy Case numbers due to software limitations).

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 2 of 112
2

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

Authorized to Provide

Professional Services to: Financial Oversight and Management Board, as 

Representative for the Debtor Pursuant to

PROMESA Section 315(b)

Period for which compensation

and reimbursement for fees and services

outside of Puerto Rico is sought: February 1, 2018 through February 28, 2018

Amount of compensation sought

as actual, reasonable and necessary: $116,891.50

Amount of expense reimbursement sought

as actual, reasonable and necessary: $1,754.83

Total Amount for this Invoice: $118,646.33

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

This is Proskauer’s tenth monthly fee application in these cases and is for fees and services rendered 

outside of Puerto Rico.

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 3 of 112
PrincipalCertification 

I hereby authorize the submission of this Monthly FeeStatementforFebruary2018. 

c-~ 

JaimeÁ: 'Е! Koury 

GeneralCounseltothe Financial Oversightand 

Management BoardforPuertoRico 

3 

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 4 of 112
4

On June 13, 2018 Sent to:

FOMB: Co-Counsel for AAFAF:

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

40 Washington Square South Times Square Tower

Office 314A 7 Times Square

New York, NY 10012 New York, NY 10036

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

 FOMB Board Member Suzzanne Uhland, Esq.

 Diana M. Perez, Esq.

O’Neill & Borges LLC

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

San Juan, PR 00918 MCS Plaza, Suite 500

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

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq. 

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

Office of the United States Trustee for the District of 

Puerto Rico

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

San Juan, PR 00901 Jenner & Block LLP

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

New York, NY 10022-3908

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

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

Atlanta, GA 30303

Attn: Guy G. Gebhardt Jenner & Block LLP

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

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

Attn.: Catherine Steege, Esq.

 Melissa Root, Esq.

Co-Counsel for the Official Committee of Unsecured 

Creditors:

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

200 Park Avenue Edificio Union Plaza, PH-A 

New York, NY 10166 416 Avenida Ponce de León

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

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

Casillas, Santiago & Torres, LLC 

El Caribe Office Building 

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

San Juan, Puerto Rico 00901-2419 PO Box 9024140

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

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

 Central Accounting

 Omar E. Rodríguez Pérez, CPA, Assistant

Co-Counsel for the Fee Examiner Secretary of Central Accounting

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

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

Madison, WI 53703 Francisco Parés Alicea, Assistant Secretary of

Attn: Katherine Stadler Internal Revenue and Tax Policy

 Francisco Peña Montañez, CPA, Assistant 

EDGE Legal Strategies, PSC Secretary of the Treasury

252 Ponce de León Avenue

Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 5 of 112
Summary of Legal Fees for the Period February 1, 2018 through February 28, 2018

5

Task Code Matter Description Total Billed

Hours

Total Fees

Requested

202 Legal Research 3.00 $1,877.80

203 Hearings and other non-filed 

communications with the Court 0.80 $607.20

204 Communications with Claimholders 135.10 $102,191.60

205

Communications with the Commonwealth 

and its Representatives of the 

Commonwealth or its Instrumentalities

0.80 $607.20

207 Non-Board Court Filings 2.50 $1,897.50

211 Non-Working Travel Time 2.20 $1,669.80

212 General Administration 1.80 $468.00

213 Labor, Pension Matters 2.40 $1,821.60

215 Plan of Adjustment and Disclosure 

Statement 4.80 $3,643.20

218 Employment and Fee Applications 3.50 $2,107.60

Total 156.90 $116,891.50

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 6 of 112
Summary of Legal Fees for the Period February 1, 2018 through February 28, 2018

6

Professional Position/Title Department Hourly

Billing Rate

Total Billed

Hours

Total

Compensation

Brian S. Rosen Partner BSGR & B $759.00 34.60 $26,261.40 

Jeffrey W. Levitan Partner BSGR & B $759.00 14.10 $10,701.90 

Kevin J. Perra Partner Litigation $759.00 7.60 $5,768.40 

Martin J. Bienenstock Partner BSGR & B $759.00 6.60 $5,009.40 

Paul Possinger Partner BSGR & B $759.00 16.70 $12,675.30 

Stephen L. Ratner Partner Litigation $759.00 0.10 $75.90 

Steven O. Weise Partner BSGR & B $759.00 58.20 $44,173.80 

Timothy W. 

Mungovan Partner Litigation $759.00 2.20 $1,669.80 

Jared Zajac Associate BSGR & B $759.00 1.10 $834.90 

Joshua A. Esses Associate BSGR & B $759.00 3.20 $2,428.80 

Mee R. Kim Associate Litigation $759.00 2.40 $1,821.60 

Michael R. Hackett Associate Litigation $759.00 5.70 $4,326.30 

TOTAL 152.50 $115,747.50

Law Clerk Position/Title Department Hourly

Billing Rate

Total Billed

Hours

Total

Compensation

Elliot Stevens Law Clerk BSGR & B $260.00 0.70 $182.00

TOTAL 0.70 $182.00

Paraprofessional Position/Title Department Hourly

Billing Rate

Total Billed

Hours

Total

Compensation

Natasha Petrov Legal Assistant Corporate $260.00 1.10 $286.00

Tayler M. Sherman Legal Assistant Litigation $260.00 1.80 $468.00

TOTAL 2.90 $754.00

Practice Support Position/Title Department Hourly

Billing Rate

Total Billed

Hours

Total

Compensation

Rachael Hope Moller Library Professional 

Resources $260.00 0.80 $208.00

TOTAL 0.80 $208.00

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 7 of 112
Summary of Legal Fees for the Period February 1, 2018 through February 28, 2018

7

SUMMARY OF LEGAL FEES Hours 

156.90

Fees

$116,891.50

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 8 of 112
Summary of Disbursements for the Period February 1, 2018 through February 28, 2018

8

EXPENSE CATEGORY AMOUNTS

LEXIS $8.00

Westlaw $357.00

Taxicab/Car Service $306.06

Taxi, Carfare, Mileage and Parking $78.45

Printing, Binding, Etc. $99.49

Airplane $373.29

Lodging $532.54

Total $1,754.83

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 9 of 112
9

Proskauer requests payment and reimbursement in accordance with the procedures set forth in 

the Interim Compensation Order (i.e., payment of ninety percent (90%) of the compensation sought, 

in the amount of $105,202.35 and reimbursement of one-hundred percent (100%) of expenses 

incurred, in the amount of $1,754.83, for service rendered outside of Puerto Rico) in the total amount 

of $106,957.18.

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 10 of 112
Professional Certification

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

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

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

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

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

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

the Government of Puerto Rico or its instrumentalities.

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

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

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

Ann M. Ashton (pro hac vice)

Proskauer Rose LLP

1001 Pennsylvania Avenue, NW

Suite 600 South

Washington, DC 20004-2533

Tel: (202) 416-5825

Fax: (202) 416-6899

10

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 11 of 112
Exhibit A

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 12 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170154796

0007 PROMESA TITLE III: ERS Page 1

Summary of Time Billed by Task Hours Value

202 Legal Research 3.00 $1,877.80

203 Hearings and other non-filed communications with the Co 0.80 $607.20

204 Communications with Claimholders 135.10 $102,191.60

205 Communications with the Commonwealth and its Representation 0.80 $607.20

207 Non-Board Court Filings 2.50 $1,897.50

211 Non-Working Travel Time 2.20 $1,669.80

212 General Administration 1.80 $468.00

213 Labor, Pension Matters 2.40 $1,821.60

215 Plan of Adjustment and Disclosure Statement 4.80 $3,643.20

218 Employment and Fee Applications 3.50 $2,107.60

Total 156.90 $116,891.50

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 13 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170154796

0007 PROMESA TITLE III: ERS Page 2

Legal Research -- 202

Date Timekeeper Task Description Hours Amount

02/22/18 Joshua A. Esses 202 [REDACTED: Work relating to courtordered mediation].0.80 $607.20

02/27/18 Rachael Hope Moller 202 Research regarding court transcript in 

Altair v. ERS for E. Stevens.

0.80 $208.00

02/28/18 Kevin J. Perra 202 Review and analyze issues regarding 

AFSCME Rule 2004 discovery motion.

1.40 $1,062.60

Legal Research 3.00 $1,877.80

Hearings and other non-filed communications with the Court -- 203

Date Timekeeper Task Description Hours Amount

02/01/18 Michael R. Hackett 203 Draft correspondence to Court 

regarding hearing on motion to dismiss.

0.40 $303.60

02/02/18 Paul Possinger 203 Teleconference with Chambers 

regarding Altair litigation schedule 

(0.20); Follow-up teleconference with 

M. Hackett regarding same (0.20).

0.40 $303.60

Hearings and other non-filed communications with the Court 0.80 $607.20

Communications with Claimholders -- 204

Date Timekeeper Task Description Hours Amount

02/01/18 Michael R. Hackett 204 Correspondence with legal team, 

bondholders and Retiree Committee 

regarding motion to dismiss and hearing 

(0.40); Correspondence with counsel for 

all parties regarding hearing (0.30).

0.70 $531.30

02/02/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation] (0.60); 

[REDACTED: Work relating to courtordered mediation] (0.10).

0.70 $531.30

02/05/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation] (0.20); 

[REDACTED: Work relating to courtordered mediation] [REDACTED: 

Work relating to court-ordered 

mediation] (0.20); [REDACTED: Work 

relating to court-ordered mediation] 

(0.60).

1.00 $759.00

02/05/18 Kevin J. Perra 204 [REDACTED: Work relating to courtordered mediation].1.80 $1,366.20

02/06/18 Steven O. Weise 204 [REDACTED: Work relating to courtordered mediation].2.40 $1,821.60

02/07/18 Steven O. Weise 204 [REDACTED: Work relating to courtordered mediation].2.40 $1,821.60

02/07/18 Michael R. Hackett 204 [REDACTED: Work relating to courtordered mediation].2.80 $2,125.20

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 14 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170154796

0007 PROMESA TITLE III: ERS Page 3

Date Timekeeper Task Description Hours Amount

02/07/18 Jared Zajac 204 [REDACTED: Work relating to courtordered mediation].0.20 $151.80

02/07/18 Timothy W. 

Mungovan

204 [REDACTED: Work relating to courtordered mediation].0.30 $227.70

02/08/18 Steven O. Weise 204 [REDACTED: Work relating to courtordered mediation].2.80 $2,125.20

02/09/18 Steven O. Weise 204 [REDACTED: Work relating to courtordered mediation].1.40 $1,062.60

02/09/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.20); 

[REDACTED: Work relating to courtordered mediation] (1.40).

1.80 $1,366.20

02/12/18 Stephen L. Ratner 204 [REDACTED: Work relating to courtordered mediation].0.10 $75.90

02/12/18 Steven O. Weise 204 [REDACTED: Work relating to courtordered mediation].1.40 $1,062.60

02/12/18 Jeffrey W. Levitan 204 [REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.10).

0.20 $151.80

02/12/18 Paul Possinger 204 [REDACTED: Work relating to courtordered mediation] (0.30); 

[REDACTED: Work relating to courtordered mediation] (0.30).

0.60 $455.40

02/13/18 Steven O. Weise 204 [REDACTED: Work relating to courtordered mediation].2.30 $1,745.70

02/15/18 Michael R. Hackett 204 [REDACTED: Work relating to courtordered mediation].1.80 $1,366.20

02/16/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation] (2.60); 

[REDACTED: Work relating to courtordered mediation] (0.20).

2.80 $2,125.20

02/17/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation] (2.20).2.20 $1,669.80

02/17/18 Steven O. Weise 204 [REDACTED: Work relating to courtordered mediation].2.80 $2,125.20

02/18/18 Steven O. Weise 204 [REDACTED: Work relating to courtordered mediation].4.80 $3,643.20

02/19/18 Steven O. Weise 204 [REDACTED: Work relating to courtordered mediation].3.30 $2,504.70

02/20/18 Steven O. Weise 204 [REDACTED: Work relating to courtordered mediation].2.80 $2,125.20

02/20/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.20); 

[REDACTED: Work relating to courtordered mediation] (2.70).

3.00 $2,277.00

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 15 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170154796

0007 PROMESA TITLE III: ERS Page 4

Date Timekeeper Task Description Hours Amount

02/21/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.10).

0.60 $455.40

02/21/18 Jeffrey W. Levitan 204 [REDACTED: Work relating to courtordered mediation] (0.10) 

[REDACTED: Work relating to courtordered mediation] (0.20).

0.30 $227.70

02/21/18 Steven O. Weise 204 [REDACTED: Work relating to courtordered mediation].4.80 $3,643.20

02/22/18 Joshua A. Esses 204 [REDACTED: Work relating to courtordered mediation].0.60 $455.40

02/22/18 Jeffrey W. Levitan 204 E-mail with S. Weise regarding ERS 

argument outline (0.10); [REDACTED: 

Work relating to court-ordered 

mediation] (0.40); [REDACTED: Work 

relating to court-ordered mediation] 

(0.50); [REDACTED: Work relating to 

court-ordered mediation] (0.10).

1.10 $834.90

02/22/18 Steven O. Weise 204 [REDACTED: Work relating to courtordered mediation] (0.50); 

[REDACTED: Work relating to courtordered mediation] (4.30).

4.80 $3,643.20

02/22/18 Paul Possinger 204 [REDACTED: Work relating to courtordered mediation] (0.50); 

[REDACTED: Work relating to courtordered mediation] (0.20); 

[REDACTED: Work relating to courtordered mediation] (0.30); Review 

Union document request (0.20); E-mail 

discovery team regarding same (0.40).

1.60 $1,214.40

02/22/18 Timothy W. 

Mungovan

204 Review Unions' Rule 2004 request for 

information on employee contributions 

and bank accounts (0.30); 

Communications with P. Possinger and 

P. Hamburger regarding Unions' Rule 

2004 request for information on 

employee contributions and bank 

accounts (0.20).

0.50 $379.50

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 16 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170154796

0007 PROMESA TITLE III: ERS Page 5

Date Timekeeper Task Description Hours Amount

02/22/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation] (0.30); Review 

outline for ERS hearing (0.70); 

[REDACTED: Work relating to courtordered mediation] (0.50); 

[REDACTED: Work relating to courtordered mediation] (1.40); 

[REDACTED: Work relating to courtordered mediation] (0.10).

3.00 $2,277.00

02/23/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation] (0.20); 

[REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.60).

0.90 $683.10

02/23/18 Paul Possinger 204 [REDACTED: Work relating to courtordered mediation].0.60 $455.40

02/23/18 Joshua A. Esses 204 [REDACTED: Work relating to courtordered mediation].0.20 $151.80

02/24/18 Timothy W. 

Mungovan

204 [REDACTED: Work relating to courtordered mediation] (0.20); 

[REDACTED: Work relating to courtordered mediation] (0.20).

0.40 $303.60

02/24/18 Steven O. Weise 204 [REDACTED: Work relating to courtordered mediation].4.80 $3,643.20

02/25/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation].1.90 $1,442.10

02/25/18 Kevin J. Perra 204 [REDACTED: Work relating to courtordered mediation].0.10 $75.90

02/26/18 Kevin J. Perra 204 [REDACTED: Work relating to courtordered mediation] (1.20); 

[REDACTED: Work relating to courtordered mediation] (0.40).

1.60 $1,214.40

02/26/18 Paul Possinger 204 [REDACTED: Work relating to courtordered mediation] (1.40); 

[REDACTED: Work relating to courtordered mediation] (0.30);

[REDACTED: Work relating to courtordered mediation] (0.20).

1.90 $1,442.10

02/26/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation] (1.70); 

[REDACTED: Work relating to courtordered mediation] (0.60).

2.30 $1,745.70

02/26/18 Timothy W. 

Mungovan

204 [REDACTED: Work relating to courtordered mediation].0.20 $151.80

02/26/18 Steven O. Weise 204 [REDACTED: Work relating to courtordered mediation].4.30 $3,263.70

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 17 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170154796

0007 PROMESA TITLE III: ERS Page 6

Date Timekeeper Task Description Hours Amount

02/26/18 Jeffrey W. Levitan 204 [REDACTED: Work relating to courtordered mediation] (0.50); 

[REDACTED: Work relating to courtordered mediation] (0.40); 

[REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.70); 

[REDACTED: Work relating to courtordered mediation] (0.40); 

[REDACTED: Work relating to courtordered mediation] (0.20); 

[REDACTED: Work relating to courtordered mediation] (0.40); 

[REDACTED: Work relating to courtordered mediation] (0.30); 

[REDACTED: Work relating to courtordered mediation] (0.10).

3.10 $2,352.90

02/27/18 Jared Zajac 204 [REDACTED: Work relating to courtordered mediation] (0.30); 

[REDACTED: Work relating to courtordered mediation] (0.30); 

[REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.10) 

[REDACTED: Work relating to courtordered mediation] (0.10).

0.90 $683.10

02/27/18 Elliot Stevens 204 [REDACTED: Work relating to courtordered mediation].0.70 $182.00

02/27/18 Steven O. Weise 204 [REDACTED: Work relating to courtordered mediation] (5.90); 

[REDACTED: Work relating to courtordered mediation] (2.30); 

[REDACTED: Work relating to courtordered mediation] (0.50).

8.70 $6,603.30

02/27/18 Timothy W. 

Mungovan

204 [REDACTED: Work relating to courtordered mediation].0.20 $151.80

02/27/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation] (0.60); 

[REDACTED: Work relating to courtordered mediation] (2.30); 

[REDACTED: Work relating to courtordered mediation] (0.60); 

[REDACTED: Work relating to courtordered mediation] (0.70); 

[REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.10).

4.40 $3,339.60

02/27/18 Martin J. 

Bienenstock

204 [REDACTED: Work relating to courtordered mediation] (2.30); 

[REDACTED: Work relating to courtordered mediation] (2.30).

4.60 $3,491.40

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 18 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170154796

0007 PROMESA TITLE III: ERS Page 7

Date Timekeeper Task Description Hours Amount

02/27/18 Joshua A. Esses 204 [REDACTED: Work relating to courtordered mediation].1.60 $1,214.40

02/27/18 Paul Possinger 204 [REDACTED: Work relating to courtordered mediation] (0.50); 

[REDACTED: Work relating to courtordered mediation] (0.30); 

[REDACTED: Work relating to courtordered mediation] (2.30); 

[REDACTED: Work relating to courtordered mediation] (1.40); 

[REDACTED: Work relating to courtordered mediation] (0.80); 

[REDACTED: Work relating to courtordered mediation] (0.70).

6.00 $4,554.00

02/27/18 Kevin J. Perra 204 [REDACTED: Work relating to courtordered mediation] [KMR1]0.50 $379.50

02/27/18 Jeffrey W. Levitan 204 [REDACTED: Work relating to courtordered mediation] (0.30); 

[REDACTED: Work relating to courtordered mediation] (2.30); 

[REDACTED: Work relating to courtordered mediation] (0.40); 

[REDACTED: Work relating to courtordered mediation] (0.80);

[REDACTED: Work relating to courtordered mediation] (1.90); 

[REDACTED: Work relating to courtordered mediation] (0.40); 

[REDACTED: Work relating to courtordered mediation] (0.60).

6.70 $5,085.30

02/28/18 Steven O. Weise 204 [REDACTED: Work relating to courtordered mediation] (2.30); 

[REDACTED: Work relating to courtordered mediation] (2.10).

4.40 $3,339.60

02/28/18 Paul Possinger 204 [REDACTED: Work relating to courtordered mediation] (0.40); 

[REDACTED: Work relating to courtordered mediation] (2.10); 

[REDACTED: Work relating to courtordered mediation] (0.40).

2.90 $2,201.10

02/28/18 Martin J. 

Bienenstock

204 [REDACTED: Work relating to courtordered mediation].2.00 $1,518.00

02/28/18 Jeffrey W. Levitan 204 [REDACTED: Work relating to courtordered mediation] (0.20); Participate 

in mediation session (2.10);

[REDACTED: Work relating to courtordered mediation] (0.40).

2.70 $2,049.30

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 19 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170154796

0007 PROMESA TITLE III: ERS Page 8

Date Timekeeper Task Description Hours Amount

02/28/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation] (2.10); 

Teleconference with P. Friedman 

regarding ERS assets (0.30); 

Memorandum to M. Bienenstock, et al., 

regarding same (0.10); Review P. 

Possinger memorandum to O'Neill 

regarding ERS claims (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.20).

2.80 $2,125.20

Communications with Claimholders 135.10 $102,191.60

Communications with the Commonwealth and its Representatives -- 205

Date Timekeeper Task Description Hours Amount

02/24/18 Paul Possinger 205 Call with AAFAF and discovery team 

regarding ERS and fiscal plan document 

requests.

0.50 $379.50

02/27/18 Timothy W. 

Mungovan

205 Communications with counsel for 

AAFAF regarding response to Unions' 

Rule 2004 motion for documents (0.20); 

Review communications from counsel 

for AAFAF to counsel for Unions 

concerning Unions' Rule 2004 motion 

for documents (0.10).

0.30 $227.70

Communications with the Commonwealth and its Representatives 0.80 $607.20

Non-Board Court Filings -- 207

Date Timekeeper Task Description Hours Amount

02/27/18 Kevin J. Perra 207 Review and analyze decision dismissing 

Ambac claims in connection with ERS 

proceedings (1.20); Review and analyze 

AFSCME Rule 2004 motion (0.50); 

Outline issues for same (0.50).

2.20 $1,669.80

02/27/18 Timothy W. 

Mungovan

207 Receive and review Unions' motion for 

Rule 2004 discovery.

0.30 $227.70

Non-Board Court Filings 2.50 $1,897.50

Non-Working Travel Time -- 211

Date Timekeeper Task Description Hours Amount

02/26/18 Paul Possinger 211 [REDACTED: Work relating to courtordered mediation] (Total travel time is 

1.50 hours).

0.70 $531.30

02/28/18 Paul Possinger 211 [REDACTED: Work relating to courtordered mediation] (Total travel time is 

3.10 hours).

1.50 $1,138.50

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 20 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170154796

0007 PROMESA TITLE III: ERS Page 9

Non-Working Travel Time 2.20 $1,669.80

General Administration -- 212

Date Timekeeper Task Description Hours Amount

02/07/18 Tayler M. Sherman 212 [REDACTED: Work relating to courtordered mediation].1.80 $468.00

General Administration 1.80 $468.00

Labor, Pension Matters -- 213

Date Timekeeper Task Description Hours Amount

02/05/18 Brian S. Rosen 213 Review ERS memoranda (1.70); Note 

to E. Barak regarding same (0.10).

1.80 $1,366.20

02/09/18 Brian S. Rosen 213 [REDACTED: Work relating to courtordered mediation].0.60 $455.40

Labor, Pension Matters 2.40 $1,821.60

Plan of Adjustment and Disclosure Statement -- 215

Date Timekeeper Task Description Hours Amount

02/06/18 Brian S. Rosen 215 Teleconference with T. Green regarding 

potential plan issues (0.40); Review and 

revise Citi memorandum regarding 

same (0.40); Meeting with T. Green J. 

Castiglione, et al., regarding same 

(1.90); Review S. Uhland memorandum 

regarding GSA loan (0.10); Review 

loan materials (1.10).

3.90 $2,960.10

02/17/18 Brian S. Rosen 215 [REDACTED: Work relating to courtordered mediation] (0.40); 

[REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.10);

0.90 $683.10

Plan of Adjustment and Disclosure Statement 4.80 $3,643.20

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 21 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170154796

0007 PROMESA TITLE III: ERS Page 10

Employment and Fee Applications -- 218

Date Timekeeper Task Description Hours Amount

02/08/18 Natasha Petrov 218 Begin drafting Proskauer second 

interim fee application.

0.40 $104.00

02/09/18 Natasha Petrov 218 Begin drafting Proskauer second 

interim fee application.

0.40 $104.00

02/12/18 Natasha Petrov 218 Continue drafting Proskauer second 

interim fee application.

0.30 $78.00

02/15/18 Mee R. Kim 218 Review of draft November 2017 invoice 

for preparation of monthly fee 

statement.

1.10 $834.90

02/16/18 Mee R. Kim 218 Draft November 2017 monthly fee 

statement and client invoice details per 

discussion with A. Ashton.

1.30 $986.70

Employment and Fee Applications 3.50 $2,107.60

Total for Professional Services $116,891.50

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 22 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170154796

0007 PROMESA TITLE III: ERS Page 11

Timekeeper Summary

Timekeeper Status Hours Rate Value

BRIAN S. ROSEN PARTNER 34.60 759.00 $26,261.40

JEFFREY W. LEVITAN PARTNER 14.10 759.00 $10,701.90

KEVIN J. PERRA PARTNER 7.60 759.00 $5,768.40

MARTIN J. BIENENSTOCK PARTNER 6.60 759.00 $5,009.40

PAUL POSSINGER PARTNER 16.70 759.00 $12,675.30

STEPHEN L. RATNER PARTNER 0.10 759.00 $75.90

STEVEN O. WEISE PARTNER 58.20 759.00 $44,173.80

TIMOTHY W. MUNGOVAN PARTNER 2.20 759.00 $1,669.80

 Total for PARTNER 140.10 $106,335.90

JARED ZAJAC ASSOCIATE 1.10 759.00 $834.90

JOSHUA A. ESSES ASSOCIATE 3.20 759.00 $2,428.80

MEE R. KIM ASSOCIATE 2.40 759.00 $1,821.60

MICHAEL R. HACKETT ASSOCIATE 5.70 759.00 $4,326.30

 Total for ASSOCIATE 13.10 $9,411.60

NATASHA PETROV LEGAL ASSISTANT 1.10 260.00 $286.00

TAYLER M. SHERMAN LEGAL ASSISTANT 1.80 260.00 $468.00

 Total for LEGAL ASSISTANT 2.90 $754.00

ELLIOT STEVENS LAW CLERK 0.70 260.00 $182.00

 Total for LAW CLERK 0.70 $182.00

RACHAEL HOPE MOLLER LIBRARY 0.80 260.00 $208.00

 Total for LIBRARY 0.80 $208.00

Total 156.90 $116,891.50

For Charges and Disbursements

Date Timekeeper Type Description Amount

02/07/2018 Tayler M. Sherman LEXIS LEXIS Connect and Comm Time -

0:00:00 Searches - 0 Shepards and 

Autocite - 0 Lexsees and Lexstat - 0

$8.00

Total for LEXIS $8.00

Date Timekeeper Type Description Amount

02/07/2018 Tayler M. Sherman WESTLAW WESTLAW Connect and Comm 

Time - 000000:00:00 WestChk and 

Other Trans - 0000000055 Lines

$357.00

Total for WESTLAW $357.00

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 23 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170154796

0007 PROMESA TITLE III: ERS Page 12

Date Timekeeper Type Description Amount

11/20/2017 Steven O. Weise TAXICAB/CAR SVC. TAXICAB/CAR SVC. Taxi XYZ 

Invoice:1642005Voucher:7111932 

095 From: EWR. UNITED TERM C 

To: ANDAZ 5TH AVENUE HOTEL 

At:23:29 Passenger:WEISE 

STEVEN O. to attend AMBAC 

hearing on 11/21

$105.01

11/21/2017 Steven O. Weise TAXICAB/CAR SVC. TAXICAB/CAR SVC. Taxi XYZ 

Invoice:1642005Voucher:7111932 

110 From:11 TIMES SQ To:EWR 

At:15:34 Passenger:WEISE 

STEVEN O. for return travel home 

following Ambac hearing on 11/21

$87.43

02/26/2018 Paul Possinger TAXICAB/CAR SVC. TAXICAB/CAR SVC. Taxi XYZ 

Invoice:1649724Voucher:8022325 

694 From:LGA. AMERICAN 

AIRLINES To:300 W 44 ST 

At:23:29 Passenger:POSSINGER 

PAUL V.

$56.81

02/28/2018 Paul Possinger TAXICAB/CAR SVC. TAXICAB/CAR SVC. Taxi XYZ 

Invoice:1649724Voucher:8022325 

700 From:11 TIMES SQ To:LGA 

At:17:24 Passenger:POSSINGER 

PAUL V.

$56.81

Total for TAXICAB/CAR SVC. $306.06

Date Timekeeper Type Description Amount

02/26/2018 Paul Possinger TAXI, CARFARE, 

MILEAGE AND 

PARKING

TAXI, CARFARE, MILEAGE 

AND PARKING Taxi Taxi/Car 

Service - Paul Possinger Uber from 

home to O'Hare re travel to New 

York [REDACTED: Expense 

relating to court-ordered mediation]. 

$35.25

02/28/2018 Paul Possinger TAXI, CARFARE, 

MILEAGE AND 

PARKING

TAXI, CARFARE, MILEAGE 

AND PARKING Taxi Taxi/Car 

Service - Paul Possinger Cab from 

O'Hare to home re travel to New 

York [REDACTED: Expense

relating to court-ordered mediation]

$43.20

Total for TAXI, CARFARE, 

MILEAGE AND PA $78.45

Date Timekeeper Type Description Amount

02/09/2018 Steven O. Weise PRINTING, 

BINDING, ETC.

PRINTING, BINDING, ETC. - -

VENDOR: LEGALMEX LLC 

EXCELSIOR INVOICE # 59259. 

PRINT ASSEMBLED; TABS; COIL 

BIND.

$99.49

Total for PRINTING, BINDING, 

ETC. $99.49

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 24 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170154796

0007 PROMESA TITLE III: ERS Page 13

Date Timekeeper Type Description Amount

02/26/2018 Paul Possinger AIRPLANE Airfare - Paul Possinger Airfare to 

New York [REDACTED: Expense

relating to court-ordered mediation].

$338.29

02/26/2018 Paul Possinger AIRPLANE AIRPLANE Airfare Service Fee -

Paul Possinger Agent booking fee for 

Airfare to New York [REDACTED: 

Expense relating to court-ordered 

mediation].

$35.00

Total for AIRPLANE $373.29

Date Timekeeper Type Description Amount

02/26/2018 Paul Possinger LODGING LODGING Hotel - Lodging - Paul 

Possinger Lodging re travel to New 

York [REDACTED: Expense 

relating to court-ordered mediation].

$532.54

Total for LODGING $532.54

Charges and Disbursements Summary

Type of Disbursements Amount

LEXIS 8.00

WESTLAW 357.00

TAXICAB/CAR SVC. 306.06

TAXI, CARFARE, MILEAGE AND PARKING 78.45

PRINTING, BINDING, ETC. 99.49

AIRPLANE 373.29

LODGING 532.54

Total Expenses $1,754.83

Total Amount for this Matter $118,646.33

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 25 of 112
UNITED STATES DISTRICT COURT

DISTRICT OF PUERTO RICO

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

In re:

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO,

 as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al.,

 Debtors. 1

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

PROMESA

Title III

No. 17 BK 3283-LTS

(Jointly Administered)

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

IN RE:

THE FINANCIAL OVERSIGHT AND

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of

THE EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO, 

 Debtor.

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

PROMESA

Title III

No. 17 BK 3566-LTS

COVER SHEET TO ELEVENTH MONTHLY FEE APPLICATION OF PROSKAUER 

ROSE LLP FOR COMPENSATION FOR FEES AND SERVICES RENDERED OUTSIDE 

OF PUERTO RICO AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS TO THE 

FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, AS 

REPRESENTATIVE OF DEBTOR, EMPLOYEES RETIREMENT SYSTEM

(“ERS”), FOR THE PERIOD MARCH 1, 2018 THROUGH MARCH 31, 2018

ALL FEES AND SERVICES IN THIS MONTHLY FEE STATEMENT WERE 

INCURRED OUTSIDE OF PUERTO RICO

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

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

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

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

8474); (iii) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) 

(Last Four Digits of Federal Tax ID: 3808); and (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). (Title III case numbers are listed as Bankruptcy Case numbers due to software limitations).

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 26 of 112
2

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

Authorized to Provide

Professional Services to: Financial Oversight and Management Board, as 

Representative for the Debtor Pursuant to

PROMESA Section 315(b)

Period for which compensation

and reimbursement for fees and services

outside of Puerto Rico is sought: March 1, 2018 through March 31, 2018

Amount of compensation sought

as actual, reasonable and necessary: $272,591.50

Amount of expense reimbursement sought

as actual, reasonable and necessary: $14,841.45

Total Amount for this Invoice: $287,432.95

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

This is Proskauer’s eleventh monthly fee application in these cases and is for fees and services 

rendered outside of Puerto Rico.

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 27 of 112
PrincipalCertification 

I hereby authorize the submission of this Monthly FeeStatementforMarch2018. 

Jaiп4 Á.~1 Коиry 

GeneralCounseltothe Financial Oversightand 

Management BoardforPuertoRico 

3 

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 28 of 112
4

On June 20, 2018 Sent to:

FOMB: Co-Counsel for AAFAF:

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

40 Washington Square South Times Square Tower

Office 314A 7 Times Square

New York, NY 10012 New York, NY 10036

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

 FOMB Board Member Suzzanne Uhland, Esq.

 Diana M. Perez, Esq.

O’Neill & Borges LLC

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

San Juan, PR 00918 MCS Plaza, Suite 500

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

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq. 

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

Office of the United States Trustee for the District of 

Puerto Rico

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

San Juan, PR 00901 Jenner & Block LLP

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

New York, NY 10022-3908

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

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

Atlanta, GA 30303

Attn: Guy G. Gebhardt Jenner & Block LLP

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

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

Attn.: Catherine Steege, Esq.

 Melissa Root, Esq.

Co-Counsel for the Official Committee of Unsecured 

Creditors:

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

200 Park Avenue Edificio Union Plaza, PH-A 

New York, NY 10166 416 Avenida Ponce de León

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

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

Casillas, Santiago & Torres, LLC 

El Caribe Office Building 

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

San Juan, Puerto Rico 00901-2419 PO Box 9024140

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

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

 Central Accounting

 Omar E. Rodríguez Pérez, CPA, Assistant

Co-Counsel for the Fee Examiner Secretary of Central Accounting

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

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

Madison, WI 53703 Francisco Parés Alicea, Assistant Secretary of

Attn: Katherine Stadler Internal Revenue and Tax Policy

 Francisco Peña Montañez, CPA, Assistant 

EDGE Legal Strategies, PSC Secretary of the Treasury

252 Ponce de León Avenue

Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 29 of 112
Summary of Legal Fees for the Period March 1, 2018 through March 31, 2018

5

Task Code Matter Description Total Billed

Hours

Total Fees

Requested

201 Tasks relating to the Board, its Members, its 

Staff, its Advisors or its Consultants 0.20 $151.80

202 Legal Research 26.90 $17,922.10

204 Communications with Claimholders 27.00 $20,493.00

205

Communications with the Commonwealth 

and its Representatives of the 

Commonwealth or its Instrumentalities

2.70 $2,049.30

206 Documents Filed on Behalf of the Board 209.70 $159,162.30

207 Non-Board Court Filings 38.90 $29,525.10

209 Adversary Proceedings 1.10 $834.90

210 Analysis and Strategy 4.70 $3,567.30

212 General Administration 6.20 $1,612.00

213 Labor, Pension Matters 1.20 $910.80

215 Plan of Adjustment and Disclosure 

Statement 40.70 $30,891.30

218 Employment and Fee Applications 12.60 $5,471.60

Total 371.90 $272,591.50

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 30 of 112
Summary of Legal Fees for the Period March 1, 2018 through March 31, 2018

6

Professional Position/Title Department Hourly

Billing Rate

Total Billed

Hours

Total

Compensation

Brian S. Rosen Partner BSGR & B $759.00 65.10 $49,410.90 

Ehud Barak Partner BSGR & B $759.00 1.80 $1,366.20 

Jeffrey W. Levitan Partner BSGR & B $759.00 22.30 $16,925.70 

Jonathan E. Richman Partner Litigation $759.00 0.60 $455.40 

Kevin J. Perra Partner Litigation $759.00 14.60 $11,081.40 

Martin J. Bienenstock Partner BSGR & B $759.00 4.60 $3,491.40 

Michael A. Firestein Partner Litigation $759.00 0.60 $455.40 

Paul Possinger Partner BSGR & B $759.00 31.20 $23,680.80 

Ralph C. Ferrara Partner Litigation $759.00 0.20 $151.80 

Stephen L. Ratner Partner Litigation $759.00 4.30 $3,263.70 

Steven O. Weise Partner BSGR & B $759.00 41.00 $31,119.00 

Timothy W. 

Mungovan Partner Litigation $759.00 5.90 $4,478.10 

Daniel Desatnik Associate BSGR & B $759.00 0.10 $75.90 

Jared Zajac Associate BSGR & B $759.00 70.60 $53,585.40 

Lucy Wolf Associate Litigation $759.00 3.30 $2,504.70 

Matthew I. Rochman Associate Litigation $759.00 0.20 $151.80 

Mee R. Kim Associate Litigation $759.00 4.40 $3,339.60 

Michael R. Hackett Associate Litigation $759.00 59.90 $45,464.10 

William D. Dalsen Associate Litigation $759.00 21.80 $16,546.20 

TOTAL 352.50 $267,547.50

Law Clerk Position/Title Department Hourly

Billing Rate

Total Billed

Hours

Total

Compensation

Elliot Stevens Law Clerk BSGR & B $260.00 5.00 $1,300.00

TOTAL 5.00 $1,300.00

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 31 of 112
Summary of Legal Fees for the Period March 1, 2018 through March 31, 2018

7

Paraprofessional Position/Title Department Hourly

Billing Rate

Total Billed

Hours

Total

Compensation

Lawrence T. Silvestro Legal Assistant Litigation $260.00 3.60 $936.00 

Magali Giddens Legal Assistant BSGR & B $260.00 2.30 $598.00 

Natasha Petrov Legal Assistant Corporate $260.00 8.20 $2,132.00 

Selena F. Williams Legal Assistant Litigation $260.00 0.30 $78.00 

TOTAL 14.40 $3,744.00

SUMMARY OF LEGAL FEES Hours 

371.90

Fees

$272,591.50

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 32 of 112
Summary of Disbursements for the Period March 1, 2018 through March 31, 2018

8

EXPENSE CATEGORY AMOUNTS

Reproduction $46.30

LEXIS $10,383.00

Westlaw $442.00

Taxi, Carfare, Mileage and Parking $125.00

Out of Town Meals $116.86

Airplane $362.40

Lodging $3,365.89

Total $14,841.45

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 33 of 112
9

Proskauer requests payment and reimbursement in accordance with the procedures set forth in 

the Interim Compensation Order (i.e., payment of ninety percent (90%) of the compensation sought, 

in the amount of $245,332.35 and reimbursement of one-hundred percent (100%) of expenses 

incurred, in the amount of $14,841.45, for service rendered outside of Puerto Rico) in the total 

amount of $260,173.80.

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 34 of 112
Professional Certification

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

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

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

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

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

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

the Government of Puerto Rico or its instrumentalities.

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

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

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

Ann M. Ashton (pro hac vice)

Proskauer Rose LLP

1001 Pennsylvania Avenue, NW

Suite 600 South

Washington, DC 20004-2533

Tel: (202) 416-5825

Fax: (202) 416-6899

10

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 35 of 112
Exhibit A

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 36 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 1

Summary of Time Billed by Task Hours Value

201 Tasks relating to the Board and Associated Members 0.20 $151.80

202 Legal Research 26.90 $17,922.10

204 Communications with Claimholders 27.00 $20,493.00

205 Communications with the Commonwealth and its Representatives 2.70 $2,049.30

206 Documents Filed on Behalf of the Board 209.70 $159,162.30

207 Non-Board Court Filings 38.90 $29,525.10

209 Adversary Proceeding 1.10 $834.90

210 Analysis and Strategy 4.70 $3,567.30

212 General Administration 6.20 $1,612.00

213 Labor, Pension Matters 1.20 $910.80

215 Plan of Adjustment and Disclosure Statement 40.70 $30,891.30

218 Employment and Fee Applications 12.60 $5,471.60

Total 371.90 $272,591.50

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 37 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 2

Tasks relating to the Board and Associated Members -- 201

Date Timekeeper Task Description Hours Amount

03/01/18 Brian S. Rosen 201 Memorandum to N. Jaresko regarding 

litigation schedule for ERS.

0.20 $151.80

Tasks relating to the Board and Associated Members 0.20 $151.80

Legal Research -- 202

Date Timekeeper Task Description Hours Amount

03/05/18 Steven O. Weise 202 Review security interest question. 0.30 $227.70

03/06/18 Kevin J. Perra 202 Review case law regarding property 

issues in connection with potential 

briefing issues.

0.50 $379.50

03/12/18 Steven O. Weise 202 Review law regarding additional 

briefing on security interest issues.

5.40 $4,098.60

03/13/18 Elliot Stevens 202 Research security interest issues for 

supplemental briefing.

2.80 $728.00

03/13/18 Steven O. Weise 202 Review of law regarding UCC issues in 

supplemental briefing.

2.30 $1,745.70

03/13/18 Jared Zajac 202 Research regarding section 544 (0.60); 

Review E. Stevens e-mail memorandum 

regarding brief research issues (0.40); 

E-mails with E. Stevens regarding same 

(0.20); Analysis of section 544 issue 

(0.70); Review relevant UCC provisions 

(0.30); Review UCC cases from S. 

Weise (0.40); Review Act 66 cases 

(0.60); Review additional UCC cases 

(0.80).

4.00 $3,036.00

03/15/18 Jared Zajac 202 Research regarding issues for 

supplemental brief.

1.40 $1,062.60

03/16/18 Elliot Stevens 202 Research regarding interpretation of 

statute for supplemental brief.

2.20 $572.00

03/16/18 William D. Dalsen 202 Research issues per J. Levitan request 

for supplemental briefing.

0.40 $303.60

03/19/18 Daniel Desatnik 202 Call with J. Zajac to discuss research 

assignment for supplemental brief.

0.10 $75.90

03/22/18 Jared Zajac 202 Research regarding Act 66 for 

supplemental brief (0.80); Review cases 

cited by bondholders (2.10); Draft 

summary of same (0.50); E-mail 

summary of bondholder cases to M. 

Bienenstock (0.40).

3.80 $2,884.20

03/23/18 Lucy Wolf 202 Research for W. Dalsen on issue for 

reply brief.

3.30 $2,504.70

03/23/18 Jared Zajac 202 Research regarding bondholders 

citations.

0.40 $303.60

Legal Research 26.90 $17,922.10

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 38 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 3

Communications with Claimholders -- 204

Date Timekeeper Task Description Hours Amount

03/01/18 Steven O. Weise 204 [REDACTED: Work relating to courtordered mediation .2.80 $2,125.20

03/01/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (2.10); 

[REDACTED: Work relating to courtordered mediation] (0.60); 

[REDACTED: Work relating to courtordered mediation] (1.60).

4.40 $3,339.60

03/02/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation] (1.10); 

[REDACTED: Work relating to courtordered mediation] (0.30).

1.40 $1,062.60

03/05/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.40); 

[REDACTED: Work relating to courtordered mediation] (2.30).

2.80 $2,125.20

03/08/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation] (1.70); 

[REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.30).

2.10 $1,593.90

03/10/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation].0.20 $151.80

03/11/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation] (2.20); 

[REDACTED: Work relating to courtordered mediation] (0.40); 

[REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.30); 

[REDACTED: Work relating to courtordered mediation] (0.10).

3.10 $2,352.90

03/14/18 William D. Dalsen 204 Attend call with opposing counsel 

regarding order for supplemental 

briefing (0.50); Prepare for same 

(0.60).

1.10 $834.90

03/14/18 Michael R. Hackett 204 Prepare for conference with 

bondholders regarding supplemental 

briefing (0.90); Participate in 

conference with bondholders 

regarding supplemental briefing 

(0.50).

1.40 $1,062.60

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 39 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 4

Date Timekeeper Task Description Hours Amount

03/14/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation] (0.70); 

[REDACTED: Work relating to courtordered mediation] (0.60).

1.30 $986.70

03/14/18 Paul Possinger 204 Meet-and-confer with bondholder 

counsel regarding supplemental 

briefing (0.50); Call with M. Hackett 

regarding creditor call (0.20).

0.70 $531.30

03/15/18 Brian S. Rosen 204 [REDACTED: Work relating to courtordered mediation] (0.90); 

[REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.10); 

[REDACTED: Work relating to courtordered mediation] (0.40).

1.60 $1,214.40

03/19/18 Kevin J. Perra 204 Draft e-mail regarding meet-andconfer with bondholders.0.10 $75.90

03/19/18 Paul Possinger 204 Review Retiree Committee brief 

(0.40); Comments to Jenner regarding 

same (0.20); Review e-mail from 

Jones Day regarding brief parameters, 

proposed response (0.30).

0.90 $683.10

03/19/18 Timothy W. 

Mungovan

204 Communications with counsel for 

Retirees Committee concerning 

supplemental brief.

0.30 $227.70

03/19/18 Michael R. Hackett 204 Review correspondence from 

bondholders regarding supplemental 

briefing (0.40); Correspondence with 

legal team regarding bondholders' 

correspondence (0.60); Draft reply to 

bondholders regarding supplemental 

briefing (0.90).

1.90 $1,442.10

03/20/18 Timothy W. 

Mungovan

204 Communications with counsel for 

ERS bondholders concerning request 

to file amicus brief in First Circuit in 

connection with GO bondholders' 

appeal from dismissal of complaint.

0.20 $151.80

03/27/18 Brian S. Rosen 204 Review creditor memorandum 

regarding Rule 2004 (0.10); Review 

memorandum of M. Dale regarding 

same (0.10); Memorandum to M. Dale 

regarding same (0.10); Memorandum 

to S. Uhland regarding same (0.20).

0.50 $379.50

03/28/18 Brian S. Rosen 204 Memorandum to M. Pocha regarding 

confidentiality agreement.

0.20 $151.80

Communications with Claimholders 27.00 $20,493.00

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 40 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 5

Communications with the Commonwealth and its Representatives -- 205

Date Timekeeper Task Description Hours Amount

03/13/18 Jared Zajac 205 Call with O'Melveny regarding 

supplemental brief.

0.30 $227.70

03/13/18 Paul Possinger 205 Call with AAFAF counsel regarding 

supplemental briefing at Court's request 

(0.30); Follow-up e-mails on questions 

for AAFAF (0.40).

0.70 $531.30

03/13/18 William D. Dalsen 205 Call with counsel to ERS regarding 

supplemental briefing and declarations 

per Court order.

0.30 $227.70

03/19/18 Paul Possinger 205 E-mail to O'Melveny with comments to 

declaration.

0.30 $227.70

03/21/18 Timothy W. 

Mungovan

205 Communications with counsel at Paul 

Hastings regarding bondholders request 

to file amicus brief at First Circuit in 

connection with appeal of GO 

bondholders following dismissal of 

their complaint.

0.30 $227.70

03/25/18 William D. Dalsen 205 Call with counsel to ERS regarding 

reply brief.

0.50 $379.50

03/29/18 Michael A. Firestein 205 Review ERS brief on lien issues. 0.30 $227.70

Communications with the Commonwealth and its Representatives 2.70 $2,049.30

Documents Filed on Behalf of the Board -- 206

Date Timekeeper Task Description Hours Amount

03/01/18 Kevin J. Perra 206 Analyze and outline issues regarding 

AFSCME motion for discovery.

1.00 $759.00

03/12/18 Jared Zajac 206 Prepare for call on supplemental brief 

(0.40); Call with J. Levitan, S. Weise, 

W. Dalsen, M. Hackett, and P. 

Possinger regarding supplemental brief 

(0.60); Meeting with J. Levitan 

regarding supplemental brief issues 

(0.20); Review and analyze prior 

section 544 arguments (0.60); E-mail P. 

Possinger regarding same (0.10).

1.90 $1,442.10

03/12/18 Jeffrey W. Levitan 206 E-mail P. Possinger regarding section 

544 for supplemental briefing (0.10); Email B. Rosen regarding same (0.10); 

Attend call with B. Rosen regarding 

supplemental briefing (0.60); 

Conference with J. Zajac regarding 

section 544 issues (0.10); 

Teleconference K. Perra regarding 

supplemental briefing (0.10).

1.00 $759.00

03/12/18 William D. Dalsen 206 Participate in team call regarding 

supplemental briefing.

0.60 $455.40

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 41 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 6

Date Timekeeper Task Description Hours Amount

03/12/18 Brian S. Rosen 206 Teleconference regarding preparation of 

supplemental filing (0.40); Office 

conference with J. Levitan regarding 

supplemental filing (0.20).

0.60 $455.40

03/12/18 Kevin J. Perra 206 Review prior briefing in connection 

with supplemental briefing (1.30); Call 

with team regarding same (0.50); Emails regarding same (0.20).

2.00 $1,518.00

03/13/18 Kevin J. Perra 206 E-mails regarding supplemental briefing 

(0.20); Review materials relating to 

legal arguments for same (0.40).

0.60 $455.40

03/13/18 Michael R. Hackett 206 Analyze statements of facts supporting 

motions for summary judgment for 

supplemental briefing (1.20); 

Correspondence with legal team 

regarding facts to support supplemental 

briefing (0.40); Review information and 

research regarding supplemental 

briefing (1.10).

2.70 $2,049.30

03/13/18 Paul Possinger 206 Review statements of fact from prior 

statements on supplemental declaration 

questions (0.70); Call with ERS. team 

to discuss briefing (0.70); E-mail to M. 

Bienenstock regarding ERS. 

supplemental briefing requirement and 

timing (0.40).

1.80 $1,366.20

03/13/18 William D. Dalsen 206 Review and analyze summary judgment 

filing for materials regarding 

supplemental briefing (1.30); 

Correspondence with team regarding 

same (0.20).

1.50 $1,138.50

03/13/18 Jeffrey W. Levitan 206 E-mail S. Weise regarding supplemental 

brief (0.20); Conference with J. Zajac 

and P. Possinger regarding ERS 

supplemental briefing (0.30).

0.50 $379.50

03/13/18 Jared Zajac 206 Review and analyze Act 66 arguments 

(0.80); E-mails with W. Dalsen 

regarding Act 66 (0.20); Meeting with 

E. Stevens regarding same (0.20); Call 

with J. Levitan regarding brief (0.30); 

Meetings with J. Levitan regarding 

same (0.20); Draft outline for 

supplemental brief argument (0.90).

2.60 $1,973.40

03/13/18 Stephen L. Ratner 206 Review materials regarding 

supplemental brief regarding summary 

judgment motions in Altair (0.20); Email with P. Possinger, et al. regarding 

supplemental brief (0.10).

0.30 $227.70

03/14/18 Jared Zajac 206 Calls with M. Hackett regarding 

supplemental brief (0.30); Call with J. 

Day regarding same (0.60); Meetings 

with J. Levitan regarding same (0.20); 

Draft portion of supplemental brief 

(6.10).

7.20 $5,464.80

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 42 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 7

Date Timekeeper Task Description Hours Amount

03/14/18 Jeffrey W. Levitan 206 Conference with J. Zajac regarding 

supplemental brief call with Altair 

counsel (0.30); Review P. Possinger email regarding supplemental briefing 

(0.10).

0.40 $303.60

03/14/18 Paul Possinger 206 List of questions for AAFAF regarding 

supplemental declaration (0.80); 

Discuss briefing with J. Zajac and J. 

Levitan (0.40).

1.20 $910.80

03/14/18 Kevin J. Perra 206 Review fact outline for supplemental 

briefing (0.30); Review prior briefing 

and HTA briefing for same (1.20); Emails with team regarding same (0.10).

1.60 $1,214.40

03/14/18 Michael R. Hackett 206 Continue drafting portion of 

supplemental brief.

0.30 $227.70

03/15/18 Steven O. Weise 206 Review and revise brief in response to 

additional questions from Court.

3.80 $2,884.20

03/15/18 Paul Possinger 206 Review case law regarding UCC 

subordination issues (1.70); Calls with 

S. Weise, J. Levitan and J. Zajac 

regarding same (1.20); Review several 

drafts of supplemental brief (0.70); 

Revise section regarding subordination 

issues (1.50); Discuss Act 66 with E. 

Barak (0.70).

5.80 $4,402.20

03/15/18 Michael R. Hackett 206 Revise supplemental brief (1.10); 

Factual research for declaration in 

support of supplemental brief (0.70); 

Correspondence with legal team 

regarding supplemental brief and 

declaration (0.80).

2.60 $1,973.40

03/15/18 Jared Zajac 206 Draft and revise supplemental brief 

(3.10); Call with P. Possinger regarding 

same (0.20); Review and analyze S. 

Weise comments to same (0.20); E-mail 

S. Weise regarding questions (0.20); Email P. Possinger regarding brief (0.10); 

Draft summary of case for S. Weise 

(0.30).

4.10 $3,111.90

03/15/18 Jeffrey W. Levitan 206 Conferences with J. Zajac regarding 

supplemental brief (0.20); Review emails regarding supplemental brief 

(0.20); E-mail P. Possinger regarding 

subordination (0.10); E-mail S. Weise 

regarding supplemental brief issues 

(0.20); Teleconference with P. 

Possinger regarding supplemental brief 

(0.10).

0.80 $607.20

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 43 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 8

Date Timekeeper Task Description Hours Amount

03/16/18 Jared Zajac 206 Meetings with J. Levitan regarding 

supplemental brief (0.60); Call with J. 

Levitan and P. Possinger regarding 

same (0.30); Review cases cited in brief 

(2.30); E-mails with M. Hackett 

regarding comments on brief (0.20); 

Review comments (0.50); Revise brief 

(1.90); Call with E. Stevens regarding 

brief (0.20); Review E. Stevens 

summary regarding legislative 

interpretation (0.30); E-mails with S. 

Weise regarding brief (0.30); Call with 

O'Melveny regarding declarations for 

brief (0.70); Call with P. Possinger and 

J. Levitan regarding same (0.20); Call 

with P. Possinger regarding brief (0.10).

7.60 $5,768.40

03/16/18 Jeffrey W. Levitan 206 Edit draft supplemental brief (1.90); 

Review cases, statutes and bond 

documents for same (0.80); Conference 

with J. Zajac regarding same (1.10); 

Review S. Weise comments to 

supplemental brief (0.20); E-mails with 

S. Weise regarding supplemental brief 

(0.30); Teleconference with P. 

Possinger, S. Weise, J. Zajac regarding 

supplemental brief (0.60).

4.90 $3,719.10

03/16/18 Michael R. Hackett 206 Revise supplemental brief (1.10); 

Correspondence with legal team 

regarding supplemental brief (0.70); 

Correspondence with O'Melveny 

regarding declaration for same (0.80).

2.60 $1,973.40

03/16/18 Paul Possinger 206 Review case law regarding UCC 

subordination issues (0.40); Calls with 

S. Weise, J. Zajac and J. Levitan 

regarding same and draft supplemental 

brief (0.70); Further revisions to brief 

(1.20); Review Act 66 (0.60); Call with 

M. Pochu regarding fact declaration 

(0.40).

3.30 $2,504.70

03/16/18 Ehud Barak 206 Discuss ERS supplemental briefing 

with P. Possinger and J. Levitan (0.40); 

Conduct related research (1.40).

1.80 $1,366.20

03/16/18 Brian S. Rosen 206 Review S. Weise memorandum 

regarding supplemental brief.

0.20 $151.80

03/16/18 Steven O. Weise 206 Review research for supplemental brief 

(1.30); Revise same (4.60).

5.90 $4,478.10

03/17/18 Steven O. Weise 206 Review and revise supplemental brief. 3.80 $2,884.20

03/17/18 Michael R. Hackett 206 Analyze supplemental brief in support 

of motion for summary judgment 

(0.80); Correspondence with legal team 

regarding supplemental brief (0.40).

1.20 $910.80

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 44 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 9

Date Timekeeper Task Description Hours Amount

03/17/18 Timothy W. 

Mungovan

206 Review draft of post-hearing 

supplemental brief in support of ERS's 

motion for summary judgment (0.40); 

Communications with M. Hackett and 

W. Dalsen regarding draft post-hearing 

supplemental brief in support of ERS's 

motion for summary judgment (0.20).

0.60 $455.40

03/18/18 Kevin J. Perra 206 Review draft of supplemental briefing. 0.60 $455.40

03/18/18 Brian S. Rosen 206 Review draft supplemental brief. 0.30 $227.70

03/19/18 Stephen L. Ratner 206 Review draft supplemental brief 

regarding summary judgment motions 

(0.30); E-mail with S. Weise, P. 

Possinger, T. Mungovan, et al. 

regarding same (0.10).

0.40 $303.60

03/19/18 Paul Possinger 206 Further review and revision of 

supplemental brief (0.50); E-mails with 

S. Weise regarding same (0.20); Review 

supplemental declaration (0.30); 

Discuss incorporating certain facts into 

supplemental brief with J. Zajac and M. 

Hackett (0.20).

1.20 $910.80

03/19/18 Jared Zajac 206 Call M. Hackett regarding declaration 

for supplemental brief (0.10); E-mails 

with P. Possinger regarding same 

(0.20); Review and revise declaration 

(0.90); Revise brief (0.80); E-mail M. 

Bienenstock regarding brief (0.10); Emails with M. Hackett, W. Dalsen, and 

P. Possinger regarding brief (0.20); 

Review W. Dalsen comments on brief 

(0.20); E-mail W. Dalsen regarding 

same (0.20); E-mail J. Levitan 

regarding brief (0.10).

2.80 $2,125.20

03/19/18 Steven O. Weise 206 Review revised supplemental brief and 

comments (0.80); Review law in 

connection with same (0.60).

1.40 $1,062.60

03/19/18 William D. Dalsen 206 Review draft declaration in support of 

supplemental briefing (0.40); 

Correspondence with team regarding 

same (0.20).

0.60 $455.40

03/19/18 Jeffrey W. Levitan 206 Conference with J. Zajac regarding 

supplemental brief (0.10); Review draft 

supplemental declaration and, W. 

Dalsen comments on same (0.20); Email to T. Mungovan regarding 

supplemental brief (0.10).

0.40 $303.60

03/19/18 Martin J. 

Bienenstock

206 Review and revise ERS supplemental 

brief.

3.70 $2,808.30

03/19/18 Timothy W. 

Mungovan

206 Review M. Bienenstock's edits to 

supplemental brief.

0.30 $227.70

03/19/18 Kevin J. Perra 206 Review draft of supplemental brief 

(0.30); Review earlier briefing for 

argument (1.10); Review e-mails 

regarding brief (0.20).

1.60 $1,214.40

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 45 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 10

Date Timekeeper Task Description Hours Amount

03/19/18 Michael R. Hackett 206 Continue to draft supplemental brief 

(1.10); Correspondence with legal team 

regarding declaration (0.70); 

Correspondence with legal team 

regarding revisions to supplemental 

brief based upon draft declaration 

(1.10).

2.90 $2,201.10

03/20/18 Brian S. Rosen 206 Review M. Bienenstock comments on 

supplemental brief (0.20); 

Memorandum to J. Levitan regarding 

same. (0.10).

0.30 $227.70

03/20/18 Kevin J. Perra 206 Review draft declaration for 

supplemental submission (0.30); 

Review draft accompanying papers for 

same (0.80).

1.10 $834.90

03/20/18 Michael R. Hackett 206 Continue to draft supplemental brief 

(1.30); Review proposed edits to 

declaration in support of supplemental 

brief (0.80); Conferences with legal 

team regarding supplemental brief and 

declaration (0.70).

2.80 $2,125.20

03/20/18 Timothy W. 

Mungovan

206 Communications with S. Weise and M. 

Hackett regarding status of 

supplemental brief (0.30); 

Communications with J. Zajac, S. 

Weise, and P. Possinger regarding 

supplemental brief (0.40).

0.70 $531.30

03/20/18 William D. Dalsen 206 Revise draft declaration in support of 

Court-ordered supplemental briefing 

(1.10); Correspondence with team 

regarding same (0.30); Correspondence 

and calls with team regarding draft 

supplemental briefing and declaration 

for same (0.40); Call with counsel to 

ERS regarding draft declaration (0.50).

2.30 $1,745.70

03/20/18 Jeffrey W. Levitan 206 Review M. Bienenstock comments to 

supplemental brief (0.20); 

Teleconference with S. Ratner 

regarding supplemental brief (0.10); 

Conference with J. Zajac regarding 

supplemental brief (0.10); E-mail S. 

Weise regarding supplemental brief 

(0.10); Review revised declaration for 

same (0.20); Review committee 

meeting comments, e-mails regarding 

brief (0.10).

0.80 $607.20

03/20/18 Steven O. Weise 206 Review and revise supplemental brief 

(3.70); Review law regarding same 

(0.60).

4.30 $3,263.70

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 46 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 11

Date Timekeeper Task Description Hours Amount

03/20/18 Jared Zajac 206 Review and analyze comments to 

supplemental brief (1.60); Revise brief 

(1.90); Revise declaration (0.60); Calls 

with W. Dalsen regarding same (0.60); 

Meetings with J. Levitan regarding brief 

(0.30); E-mails with S. Weise regarding 

comments (0.40); Review revised 

declaration (0.30); Call with M. Pocha 

regarding declaration (0.40); E-mails 

with P. Possinger regarding same 

(0.20).

6.30 $4,781.70

03/20/18 Paul Possinger 206 Review comments to supplemental brief 

(0.50); Review and revise supplemental 

declaration (0.80); E-mails with J. Zajac 

et al regarding same (0.30); Further 

review of declaration and internal 

comments (0.40); Follow-up discussion 

of same with M. Pochu (0.20); Review 

UCC Committee comments (0.30); 

Discuss UCC issues with S. Weise 

(0.40); Draft further revisions on UCC 

issues (0.70); Discuss Act 66 issues 

with P. Friedman (0.40); Call with J. 

Zajac, W. Dalsen, O'Melveny regarding 

declaration (0.70).

4.70 $3,567.30

03/20/18 Stephen L. Ratner 206 Review draft supplemental brief 

regarding summary judgment (0.60); 

Conference with J. Levitan regarding 

same (0.10); E-mail with S. Weise, P. 

Possinger and M. Bienenstock 

regarding same (0.10).

0.80 $607.20

03/21/18 Paul Possinger 206 Review O'Melveny comments to 

supplemental brief (0.30); Update brief 

with points from O'Melveny and S. 

Weise (1.00); Review updated 

declaration (0.80); E-mails with 

litigation team and Puerto Rico counsel 

regarding filing, timing of supplemental 

brief (0.30); Consolidate revisions to 

supplemental brief (1.00); Review final 

changes to brief and declaration (0.50).

3.90 $2,960.10

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 47 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 12

Date Timekeeper Task Description Hours Amount

03/21/18 Jared Zajac 206 E-mail M. Hackett regarding 

supplemental brief (0.10); Review 

revised brief (0.30); E-mails with P. 

Possinger regarding same (0.20); 

Review S. Weise comments on same 

(0.40); Review additional cases cited 

(0.80); Review declaration (0.50); Email P. Possinger regarding same 

(0.10); Revise brief (1.10); E-mails with 

J. Levitan and P. Possinger regarding 

same (0.10); Review final declaration 

(0.40); E-mail P. Possinger regarding 

same (0.10); Finalize brief (1.00); Emails with W. Dalsen regarding same 

(0.20).

5.30 $4,022.70

03/21/18 Steven O. Weise 206 Provide final edits to supplemental 

brief.

3.80 $2,884.20

03/21/18 Jeffrey W. Levitan 206 Review AAFAF comments on 

supplemental brief, declaration (0.20); 

Review S. Weise e-mails regarding 

section 544 (0.10); Revise supplemental 

brief (0.10); E-mails with S. Weise, P. 

Possinger regarding same (0.80); 

Review M. Hackett comments on 

revised supplemental brief (0.20); 

Review final supplemental brief (0.10); 

E-mail with P. Possinger regarding 

supplemental brief (0.10).

1.60 $1,214.40

03/21/18 William D. Dalsen 206 Correspondence with O'Neill regarding 

supplemental briefs.

0.90 $683.10

03/21/18 Stephen L. Ratner 206 E-mail with S. Weise, M. Bienenstock, 

et al. regarding supplemental briefs.

0.10 $75.90

03/21/18 Michael R. Hackett 206 Revise supplemental brief in support of 

summary judgment (0.90); Conferences 

with legal team regarding supplemental 

brief (1.60); Finalize supplemental brief 

(1.10); Finalize declaration for 

supplemental brief (0.80); Coordinate 

with legal team for filing of 

supplemental brief (1.70).

6.10 $4,629.90

03/22/18 Brian S. Rosen 206 Review supplemental brief (0.40); 

Memorandum to J. Levitan regarding 

same (0.10); Call with Proskauer team 

regarding same (0.50).

1.00 $759.00

03/22/18 William D. Dalsen 206 Revise draft Court-ordered 

supplemental reply in support of motion 

for summary judgment (1.40); Attend 

team call regarding reply to 

bondholders' supplemental brief (0.70).

2.10 $1,593.90

03/22/18 Jared Zajac 206 Draft reply brief. 3.70 $2,808.30

03/22/18 Kevin J. Perra 206 Review prior briefing for bondholders 

supplemental filing.

0.70 $531.30

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 48 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 13

Date Timekeeper Task Description Hours Amount

03/22/18 Michael R. Hackett 206 Conferences with legal team regarding 

ERS reply brief (1.70); Legal research 

regarding ERS reply brief (1.30); 

Factual research regarding ERS reply 

brief (2.60).

5.60 $4,250.40

03/22/18 Jeffrey W. Levitan 206 E-mail S. Weise regarding section 544 

brief (0.10); Meeting with J. Zajac, S. 

Weise and P. Possinger regarding 

supplemental brief response (0.60); Email M. Bienenstock regarding 

supplemental brief (0.20); Review M. 

Bienenstock reply e-mail (0.10); 

Conference with J. Zajac regarding 

section 544 issues (0.10).

1.10 $834.90

03/22/18 Jonathan E. Richman 206 Review supplemental brief in Altair 

case.

0.20 $151.80

03/23/18 Michael R. Hackett 206 Continue drafting ERS reply brief 

(2.40); Factual research regarding ERS 

reply brief (1.70); Legal research 

regarding ERS reply brief (0.60); 

Conferences with legal team regarding 

ERS reply brief (0.70).

5.40 $4,098.60

03/23/18 Stephen L. Ratner 206 Review draft supplemental brief 

response.

0.30 $227.70

03/23/18 Jared Zajac 206 Draft reply brief. 5.30 $4,022.70

03/23/18 William D. Dalsen 206 Correspondence with team regarding 

supplemental reply brief (0.10); Review 

and revise draft supplemental reply in 

support of motion for summary 

judgment (1.80).

1.90 $1,442.10

03/23/18 Jeffrey W. Levitan 206 Teleconference with P. Possinger 

regarding supplemental reply (0.10); 

Conference with J. Zajac regarding 

supplemental reply (0.10); Review draft 

reply to section 544 brief (0.40).

0.60 $455.40

03/24/18 Jeffrey W. Levitan 206 Edit supplement reply brief (1.90); Email J. Zajac regarding same (0.30); 

Review S. Weise comments to same 

(0.10); E-mail P. Possinger regarding 

same (0.10); Review and edit revised 

reply brief (0.60); E-mails with T. 

Mungovan regarding supplemental 

declaration (0.20); E-mail W. Dalsen 

regarding revisions to supplemental 

reply (0.30); E-mail to M. Bienenstock 

regarding supplemental reply (0.20).

3.70 $2,808.30

03/24/18 Brian S. Rosen 206 Review draft reply brief (0.40); 

Memorandum to J. Zajac regarding 

same (0.10).

0.50 $379.50

03/24/18 Michael R. Hackett 206 Continue to draft reply brief (3.40); 

Correspondence with legal team 

regarding same (1.30).

4.70 $3,567.30

03/24/18 Kevin J. Perra 206 Review draft reply to bondholders brief 

and cases cited therein.

0.90 $683.10

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 49 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 14

Date Timekeeper Task Description Hours Amount

03/24/18 Timothy W. 

Mungovan

206 Communications with M. Hackett and 

W. Dalsen regarding reply in response 

to ERS bondholder's supplemental 

statement.

0.30 $227.70

03/24/18 William D. Dalsen 206 Revise draft supplemental reply brief in 

support of motion for summary 

judgment.

0.90 $683.10

03/24/18 Steven O. Weise 206 Review and revise supplemental brief. 2.30 $1,745.70

03/24/18 Jared Zajac 206 Review and revise reply (1.10); Review 

and analyze comments to same (0.40); 

E-mails with W. Dalsen regarding reply 

(0.30).

1.80 $1,366.20

03/24/18 Paul Possinger 206 Review reply to supplemental brief 

(0.60); E-mails with team regarding 

same (0.50).

1.10 $834.90

03/25/18 Paul Possinger 206 E-mails with team regarding declaration 

for reply brief (0.10); Review and revise 

reply brief (0.20).

0.30 $227.70

03/25/18 Timothy W. 

Mungovan

206 Communications with P. Possinger, M. 

Hackett and W. Dalsen regarding 

discussions with AAFAF's counsel 

regarding reply brief.

0.30 $227.70

03/25/18 Michael R. Hackett 206 Participate in call with legal team 

regarding reply brief (0.70); Prepare for 

same (0.40); Correspondence with legal 

team regarding reply brief (0.50).

1.60 $1,214.40

03/25/18 William D. Dalsen 206 Correspondence with team regarding 

draft supplemental reply brief.

0.40 $303.60

03/26/18 Michael R. Hackett 206 Revise reply brief for supplemental 

briefing (1.30); Conferences with legal 

team regarding same (0.70).

2.00 $1,518.00

03/26/18 Kevin J. Perra 206 Review edits to draft supplemental 

reply brief.

0.20 $151.80

03/26/18 Timothy W. 

Mungovan

206 Communications with M. Hackett and 

W. Dalsen regarding supplemental 

reply.

0.20 $151.80

03/26/18 William D. Dalsen 206 Office conference with M. Hackett 

regarding ERS supplemental reply brief 

(0.20); Correspondence with team 

regarding proposed edits to 

supplemental reply brief (0.30).

0.50 $379.50

03/26/18 Jeffrey W. Levitan 206 E-mail M. Hackett regarding 

supplemental reply (0.10); Review M. 

Bienenstock comments to supplemental 

brief (0.10); E-mails regarding same 

(0.10).

0.30 $227.70

03/26/18 Stephen L. Ratner 206 Review draft response to supplemental 

brief.

0.30 $227.70

03/27/18 Steven O. Weise 206 Review revised reply to supplemental 

brief.

0.40 $303.60

03/27/18 Stephen L. Ratner 206 Review draft supplemental response 

brief.

0.20 $151.80

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 50 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 15

Date Timekeeper Task Description Hours Amount

03/27/18 William D. Dalsen 206 Revise draft supplemental reply brief in 

support of motion for summary 

judgment.

0.30 $227.70

03/27/18 Brian S. Rosen 206 Review M. Bienenstock comments to 

ERS supplemental brief (0.20); 

Memorandum to J. Levitan regarding 

same (0.10); Office conference with J. 

Levitan regarding same (0.10).

0.40 $303.60

03/28/18 Michael R. Hackett 206 Continue to revise reply brief in support 

of motion for summary judgment 

(2.40); Review proposed edits to reply 

brief (1.20); Conferences with legal 

team regarding revisions to reply brief 

(1.10); Finalize reply brief (1.10); 

Coordinate with legal team on filing of 

reply brief (1.80).

7.60 $5,768.40

03/28/18 Jeffrey W. Levitan 206 E-mail with M. Hackett regarding 

supplemental reply brief (0.10); Review 

AAFAF comments on supplemental 

reply brief (0.40); Conferences with J. 

Zajac regarding supplemental brief 

(0.50); E-mail to P. Possinger regarding 

supplemental brief (0.20); E-mail to W. 

Dalsen regarding AAFAF comments 

(0.20); Review Retiree Committee 

comments (0.20).

1.60 $1,214.40

03/28/18 William D. Dalsen 206 Review proposed edits to draft 

supplemental reply in support of motion 

for summary judgment (0.20); Revise 

draft supplemental reply in support of 

motion for summary judgment (1.40).

1.60 $1,214.40

03/28/18 Paul Possinger 206 Review O'Melveny comments to reply 

brief (0.30); E-mail to team in response 

to same (0.80); Discuss comments with 

M. Hackett (0.30).

1.40 $1,062.60

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 51 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 16

Date Timekeeper Task Description Hours Amount

03/28/18 Jared Zajac 206 E-mail with M. Hackett regarding reply 

brief (0.10); E-mail with J. Levitan 

regarding same (0.10); Meeting with J. 

Levitan regarding same (0.30); E-mail 

with P. Possinger regarding same 

(0.10); Call with J. Levitan regarding 

same (0.10); Review and analyze 

comments to reply (0.60); Call with M. 

Hackett regarding same (0.10); Revise 

reply (0.80); E-mail with M. Hackett 

and W. Dalsen regarding same (0.10); 

Calls with J. Levitan regarding same 

(0.20); E-mail with W. Dalsen 

regarding same (0.10); Call with W. 

Dalsen regarding same (0.20); 

Comment on same (0.30); E-mail with 

M. Hackett regarding reply brief (0.10); 

Review additional comments on same 

(0.40); Call W. Dalsen regarding same 

(0.10).

3.70 $2,808.30

03/28/18 Stephen L. Ratner 206 E-mail with S. Weise, et al. regarding 

supplemental reply brief.

0.10 $75.90

03/28/18 Steven O. Weise 206 Review comments on supplemental 

reply brief.

0.80 $607.20

03/29/18 Jeffrey W. Levitan 206 E-mail with M. Bienenstock regarding 

supplemental reply brief (0.10); 

Conference with J. Zajac regarding 

same (0.20).

0.30 $227.70

03/29/18 Michael R. Hackett 206 Correspondence with legal team 

regarding potential sur-reply brief 

(0.70); Analyze arguments regarding 

potential sur-reply brief (1.00).

1.70 $1,290.30

03/29/18 Brian S. Rosen 206 Review memoranda regarding sur-reply 

(0.40); Teleconference with M. 

Bienenstock regarding same (0.10); 

Memorandum to W. Dalsen regarding 

same (0.10).

0.60 $455.40

Documents Filed on Behalf of the Board 209.70 $159,162.30

Non-Board Court Filings -- 207

Date Timekeeper Task Description Hours Amount

03/10/18 Jeffrey W. Levitan 207 Review government reply in Court of 

Claims case.

0.30 $227.70

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 52 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 17

Date Timekeeper Task Description Hours Amount

03/12/18 Stephen L. Ratner 207 Review DOJ reply brief regarding 

motion to dismiss in Altair case (0.20); 

Review order regarding supplemental 

briefing regarding Altair summary 

judgment motion (0.10); E-mail with S. 

Weise, J. Levitan, et al. regarding DOJ 

reply regarding motion to dismiss in 

Altair and supplemental briefing 

regarding Altair summary judgment 

motion (0.10).

0.40 $303.60

03/12/18 Paul Possinger 207 Review order regarding supplemental 

briefing (0.20); E-mails with ERS team 

regarding same (0.30); Call with S. 

Weise, B Rosen, J. Levitan and J. Zajac 

regarding same (0.50).

1.00 $759.00

03/12/18 Timothy W. 

Mungovan

207 Review Judge Swain's order directing 

supplemental briefing on ERS' and ERS 

Bondholders' motions for summary 

judgment.

0.30 $227.70

03/12/18 Brian S. Rosen 207 Review Court order regarding 

supplemental filing (0.10); Review 

article regarding same (0.10).

0.20 $151.80

03/12/18 Jeffrey W. Levitan 207 Review supplemental briefing order. 0.10 $75.90

03/12/18 Jared Zajac 207 Review supplemental brief order (0.30); 

Review J. Levitan e-mail regarding 

same (0.10); E-mails with J. Levitan 

and P. Possinger regarding same (0.20); 

E-mails with M. Hackett regarding 

same (0.20).

0.80 $607.20

03/12/18 Kevin J. Perra 207 Review and analyze order regarding 

supplemental briefing in ERS summary 

judgment proceedings.

0.20 $151.80

03/12/18 Steven O. Weise 207 Review Court's request for additional 

briefing on security interest issues.

0.40 $303.60

03/12/18 William D. Dalsen 207 Review Court order for supplemental 

briefing in ERS v. Altair matter.

0.10 $75.90

03/12/18 Michael R. Hackett 207 Analyze government's reply in support 

of motion for summary judgment in 

Court of Federal Claims lawsuit (1.70); 

Analyze order from Court regarding 

supplemental briefing (0.80); 

Correspondence with legal team 

regarding Court's order (1.10).

3.60 $2,732.40

03/13/18 Jeffrey W. Levitan 207 Review J. Zajac e-mails regarding 

section 544 (0.10); Review UCC-9301 

cases (0.50).

0.60 $455.40

03/19/18 William D. Dalsen 207 Review Altair Court of Claims filings 

(2.30); Correspondence with team 

regarding same (0.20).

2.50 $1,897.50

03/21/18 Jeffrey W. Levitan 207 Review Retiree Committee 

supplemental brief (0.30); E-mail with 

J. Zajac regarding Retiree brief (0.30).

0.60 $455.40

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 53 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 18

Date Timekeeper Task Description Hours Amount

03/21/18 Jared Zajac 207 Review Retiree brief (0.40); Meeting 

with J. Levitan regarding same (0.20); 

Review all cases cited (1.40); Call with 

P. Possinger regarding brief (0.10).

2.10 $1,593.90

03/21/18 Paul Possinger 207 Review Retiree Committee brief. 0.40 $303.60

03/21/18 Kevin J. Perra 207 Review Retirees' supplemental briefing. 0.40 $303.60

03/21/18 Michael A. Firestein 207 Review supplemental briefing by other 

parties.

0.30 $227.70

03/22/18 Martin J. 

Bienenstock

207 Review ERS bondholders' supplemental 

brief regarding section 544 (a) (0.60); 

E-mails with Proskauer team regarding 

same (0.30).

0.90 $683.10

03/22/18 William D. Dalsen 207 Review bondholders' supplemental brief 

and declaration (2.60); Review urgent 

motion for extended page limits (0.40); 

Correspondence with team regarding 

same (0.10).

3.10 $2,352.90

03/22/18 Jonathan E. Richman 207 Review supplemental briefs by others in 

Altair case.

0.40 $303.60

03/22/18 Stephen L. Ratner 207 Review supplemental briefs regarding 

summary judgment motion (0.70); 

Conferences, e-mail with J. Levitan, S. 

Weise, B. Rosen, P. Possinger, et al. 

regarding supplemental briefs (0.40).

1.10 $834.90

03/22/18 Jared Zajac 207 Review and analyze bondholder brief 

(0.70); Review Retiree Committee brief 

(0.30).

1.00 $759.00

03/22/18 Paul Possinger 207 Review ERS bondholder brief (0.40); 

Meeting with team to review reply 

(0.60); Review security documents in 

connection with same (0.70); Discuss 

same with J. Zajac (0.30); Review page 

limit filing by ERS bondholders (0.20); 

Discuss response with team (0.30).

2.50 $1,897.50

03/22/18 Kevin J. Perra 207 Review bondholders supplemental 

filing (1.10); Review motion for further 

sur-reply (0.20); E-mails regarding 

same (0.10).

1.40 $1,062.60

03/22/18 Timothy W. 

Mungovan

207 Review ERS bondholders' supplemental 

reply in support of summary judgment 

motions (0.40); Review bondholders' 

motion to enlarge number of pages for 

reply brief (0.30).

0.70 $531.30

03/22/18 Michael R. Hackett 207 Analyze bondholders supplemental 

brief.

1.80 $1,366.20

03/22/18 Jeffrey W. Levitan 207 Review bondholder reply (0.40); 

Review bondholder declaration (0.10).

0.50 $379.50

03/23/18 Jared Zajac 207 Review Retiree Committee reply (0.80); 

E-mails with M. Hackett and W. Dalsen 

regarding same (0.40).

1.20 $910.80

03/23/18 Jeffrey W. Levitan 207 Review bondholders page limit motion. 0.10 $75.90

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 54 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 19

Date Timekeeper Task Description Hours Amount

03/23/18 Steven O. Weise 207 Review bondholder brief (1.40); 

Review law regarding bondholder brief 

(1.60); Conference with team regarding 

reply (0.30).

3.30 $2,504.70

03/26/18 Timothy W. 

Mungovan

207 Review Judge Swain's order granting 

ERS Bondholders' motion for leave to 

file sur-reply.

0.10 $75.90

03/27/18 Jeffrey W. Levitan 207 Review revised CSI complaint and emails regarding same (0.20); E-mail A. 

Vermal regarding revised CSI 

complaint (0.10).

0.30 $227.70

03/28/18 Jared Zajac 207 Review and analyze Retiree reply brief. 0.40 $303.60

03/29/18 Jeffrey W. Levitan 207 Review bondholders supplemental brief 

and cases cited.

0.90 $683.10

03/29/18 Michael R. Hackett 207 Analyze bondholders' reply brief. 1.40 $1,062.60

03/29/18 Kevin J. Perra 207 Review ERS bondholders supplemental 

reply briefing.

0.90 $683.10

03/29/18 Stephen L. Ratner 207 Review bondholders' supplemental 

reply brief (0.20); E-mail with J. Zajac, 

M. Hackett, P. Possinger, J. Levitan 

regarding same (0.10).

0.30 $227.70

03/29/18 William D. Dalsen 207 Review reply supplemental brief from 

bondholders (0.10); Correspondence 

with team regarding potential response 

(0.10).

0.20 $151.80

03/29/18 Jared Zajac 207 Review bondholders' reply brief (0.60); 

Meetings with J. Levitan regarding 

same (0.20); Calls with M. Hackett 

regarding same (0.20); Review 

bondholders' cases (0.70); Summarize 

cases and sur-reply issue for J. Levitan 

(0.30); Call with J. Levitan regarding 

same (0.10).

2.10 $1,593.90

Non-Board Court Filings 38.90 $29,525.10

Adversary Proceeding -- 209

Date Timekeeper Task Description Hours Amount

03/23/18 Jared Zajac 209 Call with M. Hackett regarding reply 

brief (0.20); E-mails with J. Levitan 

regarding same (0.30).

0.50 $379.50

03/29/18 Jeffrey W. Levitan 209 Review J. Zajac e-mail regarding 

supplemental reply brief (0.30); E-mail 

with W. Dalsen regarding supplemental 

reply brief (0.30).

0.60 $455.40

Adversary Proceeding 1.10 $834.90

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 55 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 20

Analysis and Strategy -- 210

Date Timekeeper Task Description Hours Amount

03/01/18 Timothy W. 

Mungovan

210 Communications with P. Possinger, P. 

Hamburger, and E. Barak regarding 

Union's Rule 2004 requests.

0.20 $151.80

03/01/18 Brian S. Rosen 210 Participate in Proskauer team update 

call regarding pending issues.

0.40 $303.60

03/02/18 Kevin J. Perra 210 Prepare for teleconference with team 

regarding AFSCME discovery motion 

(0.30); Teleconference with team 

regarding same (0.40).

0.70 $531.30

03/02/18 Timothy W. 

Mungovan

210 Teleconference with P. Possinger, P. 

Hamburger, K. Perra, and S. Ratner 

regarding responding to Unions' Rule 

2004 motion and next steps.

0.30 $227.70

03/05/18 Jared Zajac 210 Review summary of recent case law on 

section 552(b) issue.

0.10 $75.90

03/12/18 Timothy W. 

Mungovan

210 Communications with P. Possinger 

regarding Judge Swain's order directing 

supplemental briefing on ERS' and ERS 

Bondholders' motions for summary 

judgment.

0.30 $227.70

03/13/18 Jared Zajac 210 E-mails with P. Possinger regarding Act 

66.

0.20 $151.80

03/16/18 Matthew I. Rochman 210 Draft correspondence to T. Mungovan 

regarding status of UCC's intervention 

in Altair adversary proceedings.

0.20 $151.80

03/16/18 Timothy W. 

Mungovan

210 Communications with M. Hackett and 

M. Rochman regarding communication 

with UCC on supplemental brief (0.20); 

Communications with M. Bienenstock 

regarding same (0.20).

0.40 $303.60

03/17/18 Jeffrey W. Levitan 210 Review S. Weise e-mails regarding 

supplemental brief for ERS, Altair 

(0.10); E-mail K. Perra regarding 

supplemental brief for ERS, Altair 

(0.10); E-mail B. Rosen regarding same 

(0.10).

0.30 $227.70

03/20/18 Timothy W. 

Mungovan

210 Communications with M. Bienenstock, 

M. Harris, and S. Ratner regarding ERS 

bondholders' request to file amicus brief 

in First Circuit in connection with GO 

bondholders' appeal from dismissal of 

complaint.

0.20 $151.80

03/21/18 Brian S. Rosen 210 Review ERS asset listings. 0.30 $227.70

03/21/18 Kevin J. Perra 210 E-mails regarding AFSCME Rule 2004 

motion.

0.10 $75.90

03/22/18 Timothy W. 

Mungovan

210 Communications with M. Hackett and 

S. Ratner regarding bondholders' 

motion to enlarge number of pages for

reply brief.

0.20 $151.80

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 56 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 21

Date Timekeeper Task Description Hours Amount

03/23/18 Ralph C. Ferrara 210 Review materials regarding 

supplemental briefing on summary 

judgment motions.

0.20 $151.80

03/28/18 Brian S. Rosen 210 Memorandum to M. Dale and A. 

Bargoot regarding discovery issues 

(0.20); Memorandum to A. Bargoot 

regarding confidentiality order 

provisions (0.10); Review draft status 

report on discovery (0.20); 

Memorandum to M. Dale regarding 

same (0.10).

0.60 $455.40

Analysis and Strategy 4.70 $3,567.30

General Administration -- 212

Date Timekeeper Task Description Hours Amount

03/12/18 Selena F. Williams 212 Compile ERS briefing documents, per 

M. Dale.

0.30 $78.00

03/12/18 Lawrence T. 

Silvestro

212 Compile requested pleadings related to 

ERS adversarial proceeding.

1.20 $312.00

03/16/18 Lawrence T. 

Silvestro

212 Retrieve case law cited in ERS 

Supplemental brief in support for 

motion for summary judgment.

2.40 $624.00

03/21/18 Magali Giddens 212 Correspondence and teleconference 

with L. Silvestro regarding finalizing 

ERS's supplemental brief.

0.10 $26.00

03/22/18 Magali Giddens 212 Teleconference with W. Dalsen 

regarding filing of brief (0.10); 

Teleconference and e-mail to J. Berman 

at Prime Clerk regarding service to 

Chambers and language to be included 

in affidavit (0.10).

0.20 $52.00

03/28/18 Magali Giddens 212 Correspondence with W. Dalsen 

regarding electronic filing of ERS 

supplemental brief (0.20); Finalize ERS 

brief for filing (1.60); Electronically file 

same (0.20).

2.00 $520.00

General Administration 6.20 $1,612.00

Labor, Pension Matters -- 213

Date Timekeeper Task Description Hours Amount

03/02/18 Brian S. Rosen 213 Review materials regarding collective 

bargaining agreements (0.70); 

Teleconference with P. Possinger, C. 

Gomez et al., regarding same (0.40); 

Memorandum to K. Rifkind regarding 

collective bargaining agreement 

analysis status (0.10).

1.20 $910.80

Labor, Pension Matters 1.20 $910.80

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 57 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 22

Plan of Adjustment and Disclosure Statement -- 215

Date Timekeeper Task Description Hours Amount

03/01/18 Brian S. Rosen 215 Teleconference with N. Mitchell 

regarding plan of adjustment issues.

0.30 $227.70

03/06/18 Brian S. Rosen 215 Meeting with T. Green regarding plan 

of adjustment discussions (1.70); 

Meeting with T. Green, et al. and with 

Citi team regarding same (1.90); 

Teleconference with J. Rapisardi 

regarding same (0.40); Memorandum to 

T. Green regarding same (0.10); 

Memorandum to J. Rapisardi regarding 

status (0.30).

4.40 $3,339.60

03/07/18 Brian S. Rosen 215 Teleconference with T. Green, et al., 

regarding plan of adjustment issues 

(0.40); Revise materials regarding same 

(1.10).

1.50 $1,138.50

03/08/18 Brian S. Rosen 215 Meeting with J. El Koury regarding 

plan of adjustment issues (0.50); 

Meeting with D. Mondell regarding 

same (0.40).

0.90 $683.10

03/09/18 Brian S. Rosen 215 Review and revise Citi memorandum 

regarding plan of adjustment (0.30); 

Teleconference with T. Green regarding 

same. (0.30); Teleconference with T. 

Green and J. Castiglioni regarding same 

(0.40); Memorandum to T. Green 

regarding same (0.30); Revise materials 

regarding same (1.60).

2.90 $2,201.10

03/14/18 Brian S. Rosen 215 Memorandum to T. Green regarding 

plan of adjustment structure (0.10); 

Memorandum to S. Uhland regarding 

same (0.10); Memorandum to J. Esses 

regarding creditor list (0.10); 

Teleconference with S. Uhland 

regarding structure/claims (0.30).

0.60 $455.40

03/16/18 Brian S. Rosen 215 Review documentation in connection 

with plan of adjustment (1.40); Meeting 

with Citi et al., regarding structure 

alternatives (1.70); [REDACTED: 

Work relating to court-ordered 

mediation] (0.60).

3.70 $2,808.30

03/17/18 Brian S. Rosen 215 Review revised Citi materials on plan of 

adjustment (0.30); Memorandum to M. 

Bienenstock regarding same (0.10).

0.40 $303.60

03/18/18 Brian S. Rosen 215 Review plan of adjustment in other 

municipality bankruptcy.

2.40 $1,821.60

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 58 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 23

Date Timekeeper Task Description Hours Amount

03/19/18 Brian S. Rosen 215 Memorandum to J. Gavin regarding 

plan of adjustment (0.10); 

Teleconference with J. Castiglioni 

regarding same (0.20); Revise materials 

regarding same (1.70).

2.00 $1,518.00

03/20/18 Brian S. Rosen 215 Review J. Gavin memorandum 

regarding financial advisor call (0.10); 

Memorandum to J. Gavin regarding 

same (0.10); Memorandum to D. 

Brownstein regarding debt service 

issues (0.10); Teleconference with Citi 

regarding same (0.60); Teleconference 

with M. Bienenstock regarding plan of 

adjustment process (0.10); 

Teleconference with Citi regarding 

structure (0.30); Teleconference with 

creditor regarding plan of adjustment 

structure (0.30); Teleconference with 

Citi regarding same. (0.20); Review M. 

Bienenstock memorandum regarding 

timing and schedule (0.40).

2.20 $1,669.80

03/21/18 Brian S. Rosen 215 Memorandum to S. Uhland regarding 

meeting on potential plan of adjustment 

(0.10); Teleconference with N. Jaresko, 

Citi, M. Backfrie, et al., regarding same 

(0.60); Memorandum to N. Jaresko 

regarding proposals (0.20); 

Memorandum with creditor regarding 

meetings to discuss potential plan of 

adjustment (0.20); Teleconference with 

D. Brownstein regarding meeting 

(0.20); Memorandum to J. Gavin 

regarding meeting attendance (0.10); 

Teleconference with J. Rapisardi 

regarding same (0.30); Memorandum to 

J. Gavin regarding same (0.20); Review 

prior proposals (0.80); Teleconference 

with D. Brownstein regarding same 

(0.20); Revise materials in connection 

with same (2.10); Teleconference with 

J. Castiglioni regarding debt service 

(0.20); Teleconference with J. Rapisardi 

regarding meeting (0.20).

5.40 $4,098.60

03/22/18 Brian S. Rosen 215 Meeting with Citi, et al., regarding plan 

of adjustment structure (2.40); 

Teleconference with D. Mondell 

regarding same (0.30); Teleconference 

with J. Rapisardi regarding same (0.20); 

Memorandum to J. Rapisardi and S. 

Uhland regarding same (0.20).

3.10 $2,352.90

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 59 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 24

Date Timekeeper Task Description Hours Amount

03/23/18 Brian S. Rosen 215 Meeting at O'Melveny with S. Uhland 

regarding plan of adjustment structure 

(2.80); Memorandum to N. Jaresko, et 

al., regarding plan of adjustment 

meeting (0.30).

3.10 $2,352.90

03/24/18 Brian S. Rosen 215 Review plan of adjustment materials 

(0.40); Memorandum to N. Jaresko 

regarding same (0.10); Review Citi 

materials regarding same (0.30); 

Memorandum to J. Gavin regarding 

same (0.20); Teleconference with Citi 

regarding same (0.60).

1.60 $1,214.40

03/27/18 Brian S. Rosen 215 Memorandum to D. Brownstein, et al., 

regarding plan of adjustment (0.10); 

Teleconference with D. Brownstein 

regarding same (0.30); Review 

memorandum regarding creditor weekly 

call (0.10); Memorandum to Citi 

regarding same (0.10).

0.60 $455.40

03/28/18 Brian S. Rosen 215 Memorandum to creditor regarding plan 

of adjustment materials (0.10); 

Memorandum to J. Rapisardi regarding 

creditor conversations (0.10); 

Memorandum to J. Gavin regarding Citi 

analysis (0.10); Review J. Gavin 

memorandum regarding same (0.10); 

Memorandum to S. Uhland regarding 

plan of adjustment (0.30); Revise 

materials regarding same (2.10).

2.80 $2,125.20

03/29/18 Brian S. Rosen 215 Teleconference with Citi regarding plan 

of adjustment process and related 

issues.

0.70 $531.30

03/30/18 Brian S. Rosen 215 Revise plan of adjustment materials. 2.10 $1,593.90

Plan of Adjustment and Disclosure Statement 40.70 $30,891.30

Employment and Fee Applications -- 218

Date Timekeeper Task Description Hours Amount

03/09/18 Natasha Petrov 218 Review November monthly statement 

in connection with second interim fee 

application (0.30); Continue drafting 

Proskauer second interim fee 

application (3.90).

4.20 $1,092.00

03/16/18 Natasha Petrov 218 Review October and November 

monthly fee statements for second 

interim fee application.

0.60 $156.00

03/23/18 Mee R. Kim 218 Review December 2017 invoice details 

for monthly fee statement.

0.50 $379.50

03/25/18 Mee R. Kim 218 Draft details for December 2017 

monthly fee statement.

1.20 $910.80

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 60 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 25

Date Timekeeper Task Description Hours Amount

03/26/18 Natasha Petrov 218 Review draft of December monthly fee 

statement (0.30); Continue drafting 

summaries for interim fee application 

(0.50).

0.80 $208.00

03/28/18 Natasha Petrov 218 Draft additional calculations for 

Proskauer second interim fee 

application.

1.20 $312.00

03/28/18 Mee R. Kim 218 Review January 2018 invoice details for 

monthly fee statement preparation.

0.70 $531.30

03/29/18 Mee R. Kim 218 Draft details for January 2018 monthly 

fee statement.

1.20 $910.80

03/29/18 Natasha Petrov 218 Continue drafting Proskauer second 

interim fee application.

1.40 $364.00

03/30/18 Mee R. Kim 218 Finalize December 2017 and January 

2018 monthly fee statements.

0.80 $607.20

Employment and Fee Applications 12.60 $5,471.60

Total for Professional Services $272,591.50

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 61 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 26

Timekeeper Summary

Timekeeper Status Hours Rate Value

BRIAN S. ROSEN PARTNER 65.10 759.00 $49,410.90

EHUD BARAK PARTNER 1.80 759.00 $1,366.20

JEFFREY W. LEVITAN PARTNER 22.30 759.00 $16,925.70

JONATHAN E. RICHMAN PARTNER 0.60 759.00 $455.40

KEVIN J. PERRA PARTNER 14.60 759.00 $11,081.40

MARTIN J. BIENENSTOCK PARTNER 4.60 759.00 $3,491.40

MICHAEL A. FIRESTEIN PARTNER 0.60 759.00 $455.40

PAUL POSSINGER PARTNER 31.20 759.00 $23,680.80

RALPH C. FERRARA PARTNER 0.20 759.00 $151.80

STEPHEN L. RATNER PARTNER 4.30 759.00 $3,263.70

STEVEN O. WEISE PARTNER 41.00 759.00 $31,119.00

TIMOTHY W. MUNGOVAN PARTNER 5.90 759.00 $4,478.10

 Total for PARTNER 192.20 $145,879.80

DANIEL DESATNIK ASSOCIATE 0.10 759.00 $75.90

JARED ZAJAC ASSOCIATE 70.60 759.00 $53,585.40

LUCY WOLF ASSOCIATE 3.30 759.00 $2,504.70

MATTHEW I. ROCHMAN ASSOCIATE 0.20 759.00 $151.80

MEE R. KIM ASSOCIATE 4.40 759.00 $3,339.60

MICHAEL R. HACKETT ASSOCIATE 59.90 759.00 $45,464.10

WILLIAM D. DALSEN ASSOCIATE 21.80 759.00 $16,546.20

 Total for ASSOCIATE 160.30 $121,667.70

ELLIOT STEVENS ASSOCIATE 5.00 260.00 $1,300.00

 Total for LAW CLERK 5.00 $1,300.00

LAWRENCE T. SILVESTRO LEGAL ASSISTANT 3.60 260.00 $936.00

MAGALI GIDDENS LEGAL ASSISTANT 2.30 260.00 $598.00

NATASHA PETROV LEGAL ASSISTANT 8.20 260.00 $2,132.00

SELENA F. WILLIAMS LEGAL ASSISTANT 0.30 260.00 $78.00

 Total for LEGAL ASSISTANT 14.40 $3,744.00

Total 371.90 $272,591.50

For Charges and Disbursements

Date Timekeeper Type Description Amount

03/12/2018 Jared Zajac REPRODUCTION REPRODUCTION $1.10

03/12/2018 Jared Zajac REPRODUCTION REPRODUCTION $1.60

03/15/2018 Jared Zajac REPRODUCTION REPRODUCTION $3.70

03/15/2018 Jared Zajac REPRODUCTION REPRODUCTION $1.00

03/15/2018 Jared Zajac REPRODUCTION REPRODUCTION $5.90

03/15/2018 Jared Zajac REPRODUCTION REPRODUCTION $2.50

03/15/2018 Jared Zajac REPRODUCTION REPRODUCTION $0.70

03/16/2018 Jared Zajac REPRODUCTION REPRODUCTION $1.10

03/16/2018 Jared Zajac REPRODUCTION REPRODUCTION $1.10

03/16/2018 Jared Zajac REPRODUCTION REPRODUCTION $1.10

03/16/2018 Jared Zajac REPRODUCTION REPRODUCTION $0.20

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 62 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 27

Date Timekeeper Type Description Amount

03/19/2018 Jared Zajac REPRODUCTION REPRODUCTION $5.90

03/20/2018 Jared Zajac REPRODUCTION REPRODUCTION $1.30

03/21/2018 Jared Zajac REPRODUCTION REPRODUCTION $1.30

03/22/2018 Jonathan E. 

Richman

REPRODUCTION REPRODUCTION $1.30

03/22/2018 Jonathan E. 

Richman

REPRODUCTION REPRODUCTION $1.00

03/22/2018 Jonathan E. 

Richman

REPRODUCTION REPRODUCTION $1.00

03/22/2018 Jonathan E. 

Richman

REPRODUCTION REPRODUCTION $1.20

03/23/2018 Jared Zajac REPRODUCTION REPRODUCTION $1.00

03/26/2018 Jared Zajac REPRODUCTION REPRODUCTION $6.30

03/30/2018 Jared Zajac REPRODUCTION REPRODUCTION $6.00

Total for REPRODUCTION $46.30

Date Timekeeper Type Description Amount

03/13/2018 Jared Zajac LEXIS LEXIS Connect and Comm Time -

0:00:00 Searches - 0 Shepards and 

Autocite - 0 Lexsees and Lexstat - 0

$1,502.00

03/13/2018 Elliot Stevens LEXIS LEXIS Connect and Comm Time -

0:00:00 Searches - 0 Shepards and 

Autocite - 0 Lexsees and Lexstat - 0

$950.00

03/14/2018 Jared Zajac LEXIS LEXIS Connect and Comm Time -

0:00:00 Searches - 0 Shepards and 

Autocite - 0 Lexsees and Lexstat - 0

$1,363.00

03/15/2018 Jared Zajac LEXIS LEXIS Connect and Comm Time -

0:00:00 Searches - 0 Shepards and 

Autocite - 0 Lexsees and Lexstat - 0

$650.00

03/16/2018 Jared Zajac LEXIS LEXIS Connect and Comm Time -

0:00:00 Searches - 0 Shepards and 

Autocite - 0 Lexsees and Lexstat - 0

$401.00

03/16/2018 Elliot Stevens LEXIS LEXIS Connect and Comm Time -

0:00:00 Searches - 0 Shepards and 

Autocite - 0 Lexsees and Lexstat - 0

$3,741.00

03/21/2018 Jared Zajac LEXIS LEXIS Connect and Comm Time -

0:00:00 Searches - 0 Shepards and 

Autocite - 0 Lexsees and Lexstat - 0

$401.00

03/22/2018 Jared Zajac LEXIS LEXIS Connect and Comm Time -

0:00:00 Searches - 0 Shepards and 

Autocite - 0 Lexsees and Lexstat - 0

$893.00

03/23/2018 Jared Zajac LEXIS LEXIS Connect and Comm Time -

0:00:00 Searches - 0 Shepards and 

Autocite - 0 Lexsees and Lexstat - 0

$162.00

03/24/2018 Jared Zajac LEXIS LEXIS Connect and Comm Time -

0:00:00 Searches - 0 Shepards and 

Autocite - 0 Lexsees and Lexstat - 0

$239.00

03/29/2018 Jared Zajac LEXIS LEXIS Connect and Comm Time -

0:00:00 Searches - 0 Shepards and 

Autocite - 0 Lexsees and Lexstat - 0

$81.00

Total for LEXIS $10,383.00

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 63 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 28

Date Timekeeper Type Description Amount

03/22/2018 William D. Dalsen WESTLAW WESTLAW Connect and Comm 

Time - 000000:00:00 WestChk and 

Other Trans - 0000000008 Lines

$119.00

03/23/2018 Lucy Wolf WESTLAW WESTLAW Connect and Comm 

Time - 000000:00:00 WestChk and 

Other Trans - 0000000006 Lines

$204.00

03/24/2018 William D. Dalsen WESTLAW WESTLAW Connect and Comm 

Time - 000000:00:00 WestChk and 

Other Trans - 0000000003 Lines

$119.00

Total for WESTLAW $442.00

Date Timekeeper Type Description Amount

12/10/2017 Steven O. Weise TAXI, CARFARE, 

MILEAGE AND 

PARKING

TAXI, CARFARE, MILEAGE AND 

PARKING Taxi Taxi/Car Service -

S. Weise Car service from residence 

to LAX Airport for flight to assist in 

preparation of oral argument and to 

assist in oral argument

$125.00

Total for TAXI, CARFARE, 

MILEAGE AND PA $125.00

Date Timekeeper Type Description Amount

12/11/2017 Steven O. Weise OUT OF TOWN 

MEALS

OUT OF TOWN MEALS Meals

Hotel - Dinner - S. Weise Room 

service dinner at Andaz 5th Avenue 

Hotel during trip to NYC to assist in 

preparation of oral argument and to 

assist in oral argument

$40.00

12/12/2017 Steven O. Weise OUT OF TOWN 

MEALS

OUT OF TOWN MEALS Meals 

Hotel - Dinner - S. Weise Room 

service dinner at Andaz 5th Avenue 

Hotel during trip to NYC to assist in 

preparation of oral argument and to 

assist in oral argument

$38.43

12/13/2017 Steven O. Weise OUT OF TOWN 

MEALS

OUT OF TOWN MEALS Meals 

Hotel - Dinner - S. Weise Room 

service dinner at Andaz 5th Avenue 

Hotel during trip to NYC to assist in 

preparation of oral argument and to 

assist in oral argument

$38.43

Total for OUT OF TOWN MEALS $116.86

Date Timekeeper Type Description Amount

12/10/2017 Steven O. Weise AIRPLANE AIRPLANE Airfare - Steven Weise 

Round trip airfare (Los 

Angeles/Newark) for trip to NYC to 

assist in preparation of oral argument 

and to assist in oral argument

$362.40

Total for AIRPLANE $362.40

Date Timekeeper Type Description Amount

06/26/2017 Steven O. Weise LODGING LODGING Hotel for client meetings 

and hearing.

$865.89

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 64 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156005

0007 PROMESA TITLE III: ERS Page 29

Date Timekeeper Type Description Amount

12/10/2017 Steven O. Weise LODGING LODGING Hotel - Lodging - S. 

Weise 5 nights hotel 

accommodations at Andaz 5th 

Avenue Hotel during trip to NYC to 

assist in preparation of oral argument 

and to assist in oral argument

$2,500.00

Total for LODGING $3,365.89

Charges and Disbursements Summary

Type of Disbursements Amount

REPRODUCTION 46.30

LEXIS 10,383.00

WESTLAW 442.00

TAXI, CARFARE, MILEAGE AND PARKING 125.00

OUT OF TOWN MEALS 116.86

AIRPLANE 362.40

LODGING 3,365.89

Total Expenses $14,841.45

Total Amount for this Matter $287,432.95

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 65 of 112
UNITED STATES DISTRICT COURT

DISTRICT OF PUERTO RICO

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

In re:

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO,

 as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al.,

 Debtors. 1

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

PROMESA

Title III

No. 17 BK 3283-LTS

(Jointly Administered)

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

IN RE:

THE FINANCIAL OVERSIGHT AND

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of

THE EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO, 

 Debtor.

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

PROMESA

Title III

No. 17 BK 3566-LTS

COVER SHEET TO ELEVENTH MONTHLY FEE APPLICATION OF PROSKAUER 

ROSE LLP FOR COMPENSATION FOR FEES AND SERVICES RENDERED IN

PUERTO RICO AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS TO THE 

FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, AS 

REPRESENTATIVE OF DEBTOR, EMPLOYEES RETIREMENT SYSTEM

(“ERS”), FOR THE PERIOD MARCH 1, 2018 THROUGH MARCH 31, 2018

ALL FEES AND SERVICES IN THIS MONTHLY FEE STATEMENT WERE 

INCURRED INSIDE PUERTO RICO

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

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

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

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

8474); (iii) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) 

(Last Four Digits of Federal Tax ID: 3808); and (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). (Title III case numbers are listed as Bankruptcy Case numbers due to software limitations).

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 66 of 112
2

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

Authorized to Provide

Professional Services to: Financial Oversight and Management Board, as 

Representative for the Debtor Pursuant to

PROMESA Section 315(b)

Period for which compensation

and reimbursement for fees and services

in Puerto Rico is sought: March 1, 2018 through March 31, 2018

Amount of compensation sought

as actual, reasonable and necessary: $3,111.90

Amount of expense reimbursement sought

as actual, reasonable and necessary: $0.00

Total Amount for this Invoice: $3,111.90

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

This is Proskauer’s eleventh monthly fee application in these cases and is for fees and services 

rendered in Puerto Rico.

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 67 of 112
~л 

JaimëАЕгt'оury 

GeneralCounseltotheFinancialOversightand 

Management BoardforPuertoRico 

PrincipalCertification 

1 hereby authorize the submission of this Monthly FeeStatementforMarch2018. 

3 

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 68 of 112
4

On June 20, 2018 Sent to:

FOMB: Co-Counsel for AAFAF:

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

40 Washington Square South Times Square Tower

Office 314A 7 Times Square

New York, NY 10012 New York, NY 10036

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

 FOMB Board Member Suzzanne Uhland, Esq.

 Diana M. Perez, Esq.

O’Neill & Borges LLC

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

San Juan, PR 00918 MCS Plaza, Suite 500

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

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq. 

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

Office of the United States Trustee for the District of 

Puerto Rico

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

San Juan, PR 00901 Jenner & Block LLP

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

New York, NY 10022-3908

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

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

Atlanta, GA 30303

Attn: Guy G. Gebhardt Jenner & Block LLP

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

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

Attn.: Catherine Steege, Esq.

 Melissa Root, Esq.

Co-Counsel for the Official Committee of Unsecured 

Creditors:

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

200 Park Avenue Edificio Union Plaza, PH-A 

New York, NY 10166 416 Avenida Ponce de León

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

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

Casillas, Santiago & Torres, LLC 

El Caribe Office Building 

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

San Juan, Puerto Rico 00901-2419 PO Box 9024140

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

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

 Central Accounting

 Omar E. Rodríguez Pérez, CPA, Assistant

Co-Counsel for the Fee Examiner Secretary of Central Accounting

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

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

Madison, WI 53703 Francisco Parés Alicea, Assistant Secretary of

Attn: Katherine Stadler Internal Revenue and Tax Policy

 Francisco Peña Montañez, CPA, Assistant 

EDGE Legal Strategies, PSC Secretary of the Treasury

252 Ponce de León Avenue

Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 69 of 112
Summary of Disbursements for the Period March 1, 2018 through March 31, 2018

5

Task Code Matter Description Total Billed

Hours

Total Fees

Requested

215 Plan of Adjustment and Disclosure Statement 4.10 $3,111.90

Total 4.10 $3,111.90

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 70 of 112
Summary of Disbursements for the Period March 1, 2018 through March 31, 2018

6

SUMMARY OF LEGAL FEES Hours 

4.10

Fees

$3,111.90

Professional Position/Title Department Hourly

Billing Rate

Total Billed

Hours

Total

Compensation

Brian S. Rosen Partner BSGR & B $759.00 4.10 $3,111.90

TOTAL 4.10 $3,111.90

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 71 of 112
7

Proskauer requests payment and reimbursement in accordance with the procedures set forth in 

the Interim Compensation Order (i.e., payment of ninety percent (90%) of the compensation sought, in 

the amount of $2,800.71 and reimbursement of one-hundred percent (100%) of expenses incurred, in 

the amount of $0.00) in the total amount of $2,800.71.

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 72 of 112
Professional Certification

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

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

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

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

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

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

the Government of Puerto Rico or its instrumentalities.

Ann M. Ashton (pro hac vice)

Proskauer Rose LLP

1001 Pennsylvania Avenue, NW

Suite 600 South

Washington, DC 20004-2533

Tel: (202) 416-5825

Fax: (202) 416-6899

8

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 73 of 112
Exhibit A

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 74 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156011

0025 PROMESA TITLE III: ERS (PUERTO RICO 

TIME/EXPENSES)

Page 1

Summary of Time Billed by Task Hours Value

215 Plan of Adjustment and Disclosure Statement 4.10 $3,111.90

Total 4.10 $3,111.90

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 75 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156011

0025 PROMESA TITLE III: ERS (PUERTO RICO 

TIME/EXPENSES)

Page 2

Plan of Adjustment and Disclosure Statement -- 215

Date Timekeeper Task Description Hours Amount

03/26/18 Brian S. Rosen 215 Revise plan of adjustment materials. 4.10 $3,111.90

Plan of Adjustment and Disclosure Statement 4.10 $3,111.90

Total for Professional Services $3,111.90

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 76 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170156011

0025 PROMESA TITLE III: ERS (PUERTO RICO 

TIME/EXPENSES)

Page 3

Timekeeper Summary

Timekeeper Status Hours Rate Value

BRIAN S. ROSEN PARTNER 4.10 759.00 $3,111.90

 Total for PARTNER 4.10 $3,111.90

Total 4.10 $3,111.90

Total Amount for this Matter $3,111.90

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 77 of 112
UNITED STATES DISTRICT COURT

DISTRICT OF PUERTO RICO

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

In re:

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO,

 as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al., 

 Debtors. 1

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

PROMESA

Title III

No. 17 BK 3283-LTS

(Jointly Administered) 

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

IN RE:

THE FINANCIAL OVERSIGHT AND

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of

THE EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO, 

 Debtor. 

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

PROMESA

Title III

No. 17 BK 3566-LTS

COVER SHEET TO TWELFTH MONTHLY FEE APPLICATION OF PROSKAUER 

ROSE LLP FOR COMPENSATION FOR FEES AND SERVICES RENDERED OUTSIDE 

OF PUERTO RICO AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS TO THE 

FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, AS 

REPRESENTATIVE OF DEBTOR, EMPLOYEES RETIREMENT SYSTEM

(“ERS”), FOR THE PERIOD APRIL 1, 2018 THROUGH APRIL 30, 2018 

ALL FEES AND SERVICES IN THIS MONTHLY FEE STATEMENT WERE 

INCURRED OUTSIDE OF PUERTO RICO

1

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

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

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

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

8474); (iii) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) 

(Last Four Digits of Federal Tax ID: 3808); and (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). (Title III case numbers are listed as Bankruptcy Case numbers due to software limitations).

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 78 of 112
2 

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

Authorized to Provide 

Professional Services to: Financial Oversight and Management Board, as 

Representative for the Debtor Pursuant to 

PROMESA Section 315(b) 

Period for which compensation 

and reimbursement for fees and services 

outside of Puerto Rico is sought: April 1, 2018 through April 30, 2018 

Amount of compensation sought 

as actual, reasonable and necessary: $43,724.90

Amount of expense reimbursement sought 

as actual, reasonable and necessary: $42.60 

Total Amount for these Invoices: $43,767.50

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

This is Proskauer’s twelfth monthly fee application in these cases and is for fees and services 

rendered outside of Puerto Rico. 

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 79 of 112
3

Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for April 2018. 

_______________________________________

Jaime A. El Koury 

General Counsel to the Financial Oversight and 

Management Board for Puerto Rico 

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 80 of 112
4

On July 3, 2018 Sent to:

FOMB: Co-Counsel for AAFAF:

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

40 Washington Square South Times Square Tower

Office 314A 7 Times Square

New York, NY 10012 New York, NY 10036

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

 FOMB Board Member Suzzanne Uhland, Esq.

 Diana M. Perez, Esq.

O’Neill & Borges LLC

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

San Juan, PR 00918 MCS Plaza, Suite 500

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

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq. 

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

Office of the United States Trustee for the District of 

Puerto Rico

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

San Juan, PR 00901 Jenner & Block LLP

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

New York, NY 10022-3908

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

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

Atlanta, GA 30303

Attn: Guy G. Gebhardt Jenner & Block LLP

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

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

Attn.: Catherine Steege, Esq.

 Melissa Root, Esq.

Co-Counsel for the Official Committee of Unsecured 

Creditors:

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

200 Park Avenue Edificio Union Plaza, PH-A 

New York, NY 10166 416 Avenida Ponce de León

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

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

Casillas, Santiago & Torres, LLC 

El Caribe Office Building 

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

San Juan, Puerto Rico 00901-2419 PO Box 9024140

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

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

 Central Accounting

 Omar E. Rodríguez Pérez, CPA, Assistant

Co-Counsel for the Fee Examiner Secretary of Central Accounting

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

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

Madison, WI 53703 Francisco Parés Alicea, Assistant Secretary of

Attn: Katherine Stadler Internal Revenue and Tax Policy

 Francisco Peña Montañez, CPA, Assistant 

EDGE Legal Strategies, PSC Secretary of the Treasury

252 Ponce de León Avenue

Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 81 of 112
Summary of Legal Fees for the Period April 1, 2018 through April 30, 2018

5

ERS - General

Task Code Matter Description Total Billed

Hours

Total Fees

Requested

204 Communications with Claimholders 1.30 $986.70 

207 Non-Board Court Filings 1.20 $910.80 

210 Analysis and Strategy 5.40 $4,098.60 

213 Labor, Pension Matters 0.30 $227.70 

215 Plan of Adjustment and Disclosure 

Statement 15.40 $11,688.60 

216 Confirmation 0.70 $531.30 

218 Employment and Fee Applications 20.70 $6,779.20

Total 45.00 $25,222.90

ERS – Altair

Task Code Matter Description Total Billed

Hours

Total Fees

Requested

202 Legal Research 0.70 $531.30

206 Documents Filed on Behalf of the Board 17.30 $13,130.70 

207 Non-Board Court Filings 6.00 $4,554.00 

212 General Administration 1.10 $286.00 

Total 25.10 $18,502.00

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 82 of 112
Summary of Legal Fees for the Period April 1, 2018 through April 30, 2018

6

ACROSS ALL ERS-RELATED MATTERS

Professional Position/Title Department Hourly

Billing Rate

Total Billed

Hours

Total

Compensation

Brian S. Rosen Partner BSGR & B $759.00 17.50 $13,282.50

Ehud Barak Partner BSGR & B $759.00 0.60 $455.40

Jeffrey W. Levitan Partner BSGR & B $759.00 3.00 $2,277.00

Kevin J. Perra Partner Litigation $759.00 1.90 $1,442.10

Paul M. Hamburger Partner Labor & 

Employment $759.00 0.30 $227.70

Paul Possinger Partner BSGR & B $759.00 5.80 $4,402.20

Ralph C. Ferrara Partner Litigation $759.00 0.30 $227.70

Stephen L. Ratner Partner Litigation $759.00 0.20 $151.80

Steven O. Weise Partner BSGR & B $759.00 1.70 $1,290.30

Timothy W. 

Mungovan Partner Litigation $759.00 0.70 $531.30

Jared Zajac Associate BSGR & B $759.00 1.30 $986.70

Jeramy Webb Associate BSGR & B $759.00 2.80 $2,125.20

Michael R. Hackett Associate Litigation $759.00 14.80 $11,233.20

William D. Dalsen Associate Litigation $759.00 0.20 $151.80

TOTAL 51.10 $38,784.90

Law Clerk Position/Title Department Hourly

Billing Rate

Total Billed

Hours

Total

Compensation

Elliot Stevens Law Clerk BSGR & B $260.00 5.10 $1,326.00

TOTAL 5.10 $1,326.00

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 83 of 112
Summary of Legal Fees for the Period April 1, 2018 through April 30, 2018

7

Paraprofessional Position/Title Department Hourly

Billing Rate

Total Billed

Hours

Total

Compensation

Magali Giddens Legal Assistant BSGR & B $260.00 1.10 $286.00

Natasha Petrov Legal Assistant Corporate $260.00 11.70 $3,042.00

Tiffany Miller Legal Assistant Labor & 

Employment $260.00 1.10 $286.00

TOTAL 13.90 $3,614.00

SUMMARY OF LEGAL FEES Hours 

71.10

Fees

$43,724.90

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 84 of 112
Summary of Disbursements for the Period April 1, 2018 through April 30, 2018

8

ACROSS ALL ERS-RELATED MATTERS

EXPENSE CATEGORY AMOUNTS

Reproduction $7.60

Westlaw $35.00

Total $ 42.60

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 85 of 112
9

Proskauer requests payment and reimbursement in accordance with the procedures set forth in 

the Interim Compensation Order (i.e., payment of ninety percent (90%) of the compensation sought, 

in the amount of $39,352.41 and reimbursement of one-hundred percent (100%) of expenses 

incurred, in the amount of $42.60, for service rendered outside of Puerto Rico) in the total amount of 

$39,395.01.

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 86 of 112
Professional Certification

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

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

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

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

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

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

the Government of Puerto Rico or its instrumentalities.

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

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

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

Ann M. Ashton (pro hac vice)

Proskauer Rose LLP

1001 Pennsylvania Avenue, NW

Suite 600 South

Washington, DC 20004-2533

Tel: (202) 416-5825

Fax: (202) 416-6899

10

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 87 of 112
Exhibit A

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 88 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170157243

0007 PROMESA TITLE III: ERS Page 1

Summary of Time Billed by Task Hours Value

204 Communications with Claimholders 1.30 $986.70

207 Non-Board Court Filings 1.20 $910.80

210 Analysis and Strategy 5.40 $4,098.60

213 Labor, Pension Matters 0.30 $227.70

215 Plan of Adjustment and Disclosure Statement 15.40 $11,688.60

216 Confirmation 0.70 $531.30

218 Employment and Fee Applications 20.70 $6,779.20

Total 45.00 $25,222.90

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 89 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170157243

0007 PROMESA TITLE III: ERS Page 2

Communications with Claimholders -- 204

Date Timekeeper Task Description Hours Amount

04/02/18 Brian S. Rosen 204 Revise ERS proposal. 0.70 $531.30

04/04/18 Ehud Barak 204 Discuss ERS supplemental briefing 

with P. Possinger and ERS creditors.

0.60 $455.40

Communications with Claimholders 1.30 $986.70

Non-Board Court Filings -- 207

Date Timekeeper Task Description Hours Amount

04/01/18 Brian S. Rosen 207 Review articles and recent pleadings. 0.20 $151.80

04/03/18 Paul Possinger 207 Review final reply brief from ERS 

bondholders.

1.00 $759.00

Non-Board Court Filings 1.20 $910.80

Analysis and Strategy -- 210

Date Timekeeper Task Description Hours Amount

04/18/18 Ralph C. Ferrara 210 Review summary and related materials 

regarding pensions and property rights.

0.30 $227.70

04/26/18 Paul Possinger 210 Review draft stipulation regarding ERS 

bondholder request to continue 

financing statements (0.40); E-mails 

with ERS team regarding same (0.50).

0.90 $683.10

04/26/18 Jared Zajac 210 E-mail P. Possinger regarding 

stipulation regarding UCC continuation 

statement.

0.10 $75.90

04/26/18 Steven O. Weise 210 Review stipulation regarding 

bondholders filing to continue financing 

statements.

0.30 $227.70

04/27/18 Steven O. Weise 210 Revise stipulation regarding 

bondholders filing continuation 

statements (0.70); Review documents in 

connection with same (0.30).

1.00 $759.00

04/27/18 Jared Zajac 210 Review and revise stipulation with 

bondholders (0.40); Meeting with J. 

Levitan regarding same (0.10); E-mails 

with S. Weise regarding same (0.20).

0.70 $531.30

04/27/18 Jeffrey W. Levitan 210 Review draft stipulation and e-mails 

regarding UCC-3 filings (0.40); E-mail 

S. Weise regarding comments (0.30); Email P. Possinger regarding same 

(0.10); Review S. Weise comments 

(0.10).

0.90 $683.10

04/30/18 Jeffrey W. Levitan 210 Review revised UCC-3 stipulation 

(0.10); E-mails with S. Weise regarding 

revisions to stipulation (0.20).

0.30 $227.70

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 90 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170157243

0007 PROMESA TITLE III: ERS Page 3

Date Timekeeper Task Description Hours Amount

04/30/18 Paul Possinger 210 Review stipulation regarding filing of 

continuation statements (0.60); E-mails 

with S. Weise, et. al., regarding same 

(0.20); E-mail to O'Melveny regarding 

same (0.10).

0.90 $683.10

Analysis and Strategy 5.40 $4,098.60

Labor, Pension Matters -- 213

Date Timekeeper Task Description Hours Amount

04/25/18 Paul M. Hamburger 213 Review issues regarding ERS loans and 

liquid asset questions related to fiscal 

plan (0.20); Call with Ernst & Young 

concerning same (0.10).

0.30 $227.70

Labor, Pension Matters 0.30 $227.70

Plan of Adjustment and Disclosure Statement -- 215

Date Timekeeper Task Description Hours Amount

04/03/18 Brian S. Rosen 215 Memorandum to Citi Team regarding 

source of available plan of adjustment 

funds (0.20); Review and revise Citi 

memorandum regarding same (0.40); 

Memorandum to T. Green regrading 

same (0.10); Review P. Possinger 

materials addressing same (0.40); 

Memorandum to T. Green regarding 

same (0.10).

1.20 $910.80

04/08/18 Brian S. Rosen 215 Draft memorandum for M. Bienenstock 

regarding status of plan of adjustment 

(1.10); Memoranda with D. Brownstein 

regarding Citi meeting (0.20); Revise 

proposal (0.80).

2.10 $1,593.90

04/09/18 Brian S. Rosen 215 Draft and revise memorandum for M. 

Bienenstock regarding plan of 

adjustment approach (1.80); Office 

conference with J. Zajac regarding 

issues under PROMESA (0.20).

2.00 $1,518.00

04/11/18 Brian S. Rosen 215 Revise plan of adjustment proposal. 0.60 $455.40

04/12/18 Brian S. Rosen 215 Review memorandum from creditor 

counsel regarding meeting (0.10); 

Memorandum to creditor counsel 

regarding same (0.10); Memorandum to 

creditor counsel regarding contracts 

(0.10); Memorandum to T. Green 

regarding same (0.10); Revise proposal 

(0.90).

1.30 $986.70

04/18/18 Brian S. Rosen 215 Meeting with T. Green et al., regarding 

plan of adjustment structure (1.50); 

Revise proposal regarding same (2.30).

3.80 $2,884.20

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 91 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170157243

0007 PROMESA TITLE III: ERS Page 4

Date Timekeeper Task Description Hours Amount

04/19/18 Brian S. Rosen 215 Teleconference regarding plan of 

adjustment discussions.

0.60 $455.40

04/20/18 Brian S. Rosen 215 Teleconference with T. Green regarding 

status of plan of adjustment discussions 

(0.30); Revise materials regarding same 

(0.90).

1.20 $910.80

04/25/18 Brian S. Rosen 215 Review Citi debt scenarios (1.10); 

Review Citi debt summary (0.40).

1.50 $1,138.50

04/27/18 Brian S. Rosen 215 Memorandum to E. Barak regarding 

best interest meeting (0.10); Review E. 

Barak memorandum regarding same 

(0.10).

0.20 $151.80

04/28/18 Brian S. Rosen 215 Teleconference with T. Green regarding 

plan process.

0.40 $303.60

04/30/18 Brian S. Rosen 215 Review memorandum regarding plan 

structure issues/classification (0.40); 

Memorandum to P. Possinger regarding 

same (0.10).

0.50 $379.50

Plan of Adjustment and Disclosure Statement 15.40 $11,688.60

Confirmation -- 216

Date Timekeeper Task Description Hours Amount

04/29/18 Brian S. Rosen 216 Review and revise confirmation 

analysis.

0.70 $531.30

Confirmation 0.70 $531.30

Employment and Fee Applications -- 218

Date Timekeeper Task Description Hours Amount

04/04/18 Natasha Petrov 218 Draft and revise Proskauer second 

interim fee application per revised 

invoices and updated information from 

Finance Department.

6.10 $1,586.00

04/04/18 Jeramy Webb 218 Review and revise ERS fee application. 2.80 $2,125.20

04/05/18 Elliot Stevens 218 Review and revise ERS fee application. 4.80 $1,248.00

04/05/18 Natasha Petrov 218 Draft and revise Proskauer second 

interim fee application per revised 

invoices and updated information from 

Finance Department.

1.10 $286.00

04/06/18 Tiffany Miller 218 Format Exhibit C to ERS fee 

application.

1.10 $286.00

04/07/18 Natasha Petrov 218 Review monthly fee statements for 

mediation-related entries and redact 

same.

1.40 $364.00

04/08/18 Natasha Petrov 218 Proof-read calculations and schedules in 

Proskauer second interim fee 

application.

1.60 $416.00

04/09/18 Elliot Stevens 218 Review and revise ERS fee application. 0.30 $78.00

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 92 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170157243

0007 PROMESA TITLE III: ERS Page 5

Date Timekeeper Task Description Hours Amount

04/09/18 Natasha Petrov 218 Finalize notice of filing of Proskauer 

second interim fee application (0.30); 

Finalize exhibits to application (0.90); 

Prepare complete application for filing 

(0.30).

1.50 $390.00

Employment and Fee Applications 20.70 $6,779.20

Total for Professional Services $25,222.90

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 93 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170157243

0007 PROMESA TITLE III: ERS Page 6

Timekeeper Summary

Timekeeper Status Hours Rate Value

BRIAN S. ROSEN PARTNER 17.00 759.00 $12,903.00

EHUD BARAK PARTNER 0.60 759.00 $455.40

JEFFREY W. LEVITAN PARTNER 1.20 759.00 $910.80

PAUL POSSINGER PARTNER 2.80 759.00 $2,125.20

PAUL M. HAMBURGER PARTNER 0.30 759.00 $227.70

RALPH C. FERRARA PARTNER 0.30 759.00 $227.70

STEVEN O. WEISE PARTNER 1.30 759.00 $986.70

 Total for PARTNER 23.50 $17,836.50

JARED ZAJAC ASSOCIATE 0.80 759.00 $607.20

JERAMY WEBB ASSOCIATE 2.80 759.00 $2,125.20

 Total for ASSOCIATE 3.60 $2,732.40

ELLIOT STEVENS LEGAL ASSISTANT 5.10 260.00 $1,326.00

NATASHA PETROV LEGAL ASSISTANT 11.70 260.00 $3,042.00

TIFFANY MILLER LEGAL ASSISTANT 1.10 260.00 $286.00

 Total for LEGAL ASSISTANT 17.90 $4,654.00

Total 45.00 $25,222.90

For Charges and Disbursements

Date Timekeeper Type Description Amount

04/05/2018 Elliot Stevens REPRODUCTION REPRODUCTION $7.60

Total for REPRODUCTION $7.60

Charges and Disbursements Summary

Type of Disbursements Amount

REPRODUCTION 7.60

Total Expenses $7.60

Total Amount for this Matter $25,230.50

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 94 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170157253

0045 ERS TITLE III – ALTAIR Page 1

Summary of Time Billed by Task Hours Value

202 Legal Research 0.70 $531.30

206 Documents Filed on Behalf of the Board 17.30 $13,130.70

207 Non-Board Court Filings 6.00 $4,554.00

212 General Administration 1.10 $286.00

Total 25.10 $18,502.00

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 95 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170157253

0045 ERS TITLE III – ALTAIR Page 2

Legal Research -- 202

Date Timekeeper Task Description Hours Amount

04/23/18 Kevin J. Perra 202 Review analysis of Ninth Circuit case 

for applicability arguments in ERS 

litigation.

0.50 $379.50

04/24/18 Jeffrey W. Levitan 202 Review decision for applicability to 

ERS litigation.

0.20 $151.80

Legal Research 0.70 $531.30

Documents Filed on Behalf of the Board -- 206

Date Timekeeper Task Description Hours Amount

04/03/18 Jeffrey W. Levitan 206 Conference with E. Barak regarding 

supplemental brief.

0.30 $227.70

04/09/18 Paul Possinger 206 E-mails with team regarding response to 

bondholders' informative motion (0.20); 

Review and revise response (0.50).

0.70 $531.30

04/09/18 Michael R. Hackett 206 Draft response to bondholders' 

informative motion.

2.80 $2,125.20

04/10/18 Jared Zajac 206 Review supplemental reply. 0.20 $151.80

04/10/18 William D. Dalsen 206 Review and revise draft response to 

bondholders' informative motion.

0.20 $151.80

04/10/18 Jeffrey W. Levitan 206 Review draft response to Altair 

informative motion (0.20); Email M. 

Hackett regarding response (0.20).

0.40 $303.60

04/10/18 Kevin J. Perra 206 Review and revise draft response to 

bondholders' informative motion on 

supplemental briefing (0.30); E-mails 

with team regarding same (0.30).

0.60 $455.40

04/10/18 Michael R. Hackett 206 Draft response to bondholders' 

informative motion (2.20); Conferences 

with team regarding response to 

informative motion (0.80); Research for 

response to informative motion (1.20); 

Correspondence with AAFAF's counsel 

and Proskauer team regarding response 

to informative motion (1.00).

5.20 $3,946.80

04/11/18 Michael R. Hackett 206 Revise opposition to informative 

motion (2.30); Conferences with team 

and AAFAF's counsel regarding same 

(0.80); Research regarding informative 

motion (0.90); Finalize opposition to 

informative motion (1.10).

5.10 $3,870.90

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 96 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170157253

0045 ERS TITLE III – ALTAIR Page 3

Date Timekeeper Task Description Hours Amount

04/11/18 Paul Possinger 206 Review O'Melveny revisions to 

response to informative motion (0.30); 

Discuss same with M. Hackett and W. 

Dalsen (0.20); Review updated draft 

(0.20); Follow-up discussion with M. 

Hackett regarding O'Melveny, M. 

Bienenstock revisions (0.30); Review 

final version for filing (0.20).

1.20 $910.80

04/11/18 Jeffrey W. Levitan 206 Review AAFAF comments to 

bondholders' informative motion (0.20); 

Review M. Bienenstock e-mail 

regarding same (0.10).

0.30 $227.70

04/11/18 Kevin J. Perra 206 Review response to bondholders motion 

regarding supplemental briefing (0.20); 

E-mails with team regarding same 

(0.10).

0.30 $227.70

Documents Filed on Behalf of the Board 17.30 $13,130.70

Non-Board Court Filings -- 207

Date Timekeeper Task Description Hours Amount

04/09/18 Timothy W. 

Mungovan

207 Review ERS bondholders' informative 

motion (0.30); Communications with P. 

Possinger, E. Barak, K. Perra, S. Weise, 

M. Hackett and S. Ratner regarding 

ERS bondholders' informative motion 

(0.40).

0.70 $531.30

04/09/18 Paul Possinger 207 Review ERS bondholder informative 

motion.

0.30 $227.70

04/09/18 Jeffrey W. Levitan 207 Review Altair informative motion 

(0.20); E-mail P. Possinger regarding 

possible response (0.20); Review S. 

Weise, M. Hackett e-mails regarding 

same (0.20).

0.60 $455.40

04/09/18 Jared Zajac 207 Review bondholder supplement (0.10); 

E-mails with M. Hackett and P. 

Possinger regarding same (0.20).

0.30 $227.70

04/09/18 Kevin J. Perra 207 Review and analyze bondholders 

motion to add to record (0.30); E-mails 

with team regarding same (0.20).

0.50 $379.50

04/09/18 Steven O. Weise 207 Review bondholder informative motion. 0.40 $303.60

04/09/18 Michael R. Hackett 207 Analyze information motion from 

bondholders regarding Governor's 

recent statement (0.50; Correspondence 

with legal team regarding informative 

motion (1.20).

1.70 $1,290.30

04/10/18 Stephen L. Ratner 207 E-mail with P. Possinger, T. Mungovan, 

S. Weise, et al regarding bondholders' 

supplemental brief (0.10); Review 

bondholders' supplemental brief (0.10).

0.20 $151.80

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 97 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170157253

0045 ERS TITLE III – ALTAIR Page 4

Date Timekeeper Task Description Hours Amount

04/10/18 Paul Possinger 207 Review ERS informative motion 

regarding pension rights (0.30); Discuss 

with M. Hackett (0.20); Call with 

O'Melveny regarding response (0.30).

0.80 $607.20

04/10/18 Brian S. Rosen 207 Review bondholders informative 

motion (0.30); Memorandum to M. 

Hackett regarding same (0.10); 

Teleconference with M. Hackett 

regarding same (0.10).

0.50 $379.50

Non-Board Court Filings 6.00 $4,554.00

General Administration -- 212

Date Timekeeper Task Description Hours Amount

04/19/18 Magali Giddens 212 Review certain pleadings and e-mails in 

connection with case status.

1.10 $286.00

General Administration 1.10 $286.00

Total for Professional Services $18,502.00

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 98 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170157253

0045 ERS TITLE III – ALTAIR Page 5

Timekeeper Summary

Timekeeper Status Hours Rate Value

BRIAN S. ROSEN PARTNER 0.50 759.00 $379.50

JEFFREY W. LEVITAN PARTNER 1.80 759.00 $1,366.20

KEVIN J. PERRA PARTNER 1.90 759.00 $1,442.10

PAUL POSSINGER PARTNER 3.00 759.00 $2,277.00

STEPHEN L. RATNER PARTNER 0.20 759.00 $151.80

STEVEN O. WEISE PARTNER 0.40 759.00 $303.60

TIMOTHY W. MUNGOVAN PARTNER 0.70 759.00 $531.30

 Total for PARTNER 8.50 $6,451.50

JARED ZAJAC ASSOCIATE 0.50 759.00 $379.50

MICHAEL R. HACKETT ASSOCIATE 14.80 759.00 $11,233.20

WILLIAM D. DALSEN ASSOCIATE 0.20 759.00 $151.80

 Total for ASSOCIATE 15.50 $11,764.50

MAGALI GIDDENS LEGAL ASSISTANT 1.10 260.00 $286.00

 Total for LEGAL ASSISTANT 1.10 $286.00

Total 25.10 $18,502.00

For Charges and Disbursements

Date Timekeeper Type Description Amount

04/09/2018 Jared Zajac WESTLAW WESTLAW Connect and Comm 

Time - 000000:00:00 WestChk and 

Other Trans - 0000000002 Lines

$35.00

Total for WESTLAW $35.00

Charges and Disbursements Summary

Type of Disbursements Amount

WESTLAW 35.00

Total Expenses $35.00

Total Amount for this Matter $18,537.00

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 99 of 112
UNITED STATES DISTRICT COURT

DISTRICT OF PUERTO RICO

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

In re:

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO,

 as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al., 

 Debtors. 1

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

PROMESA

Title III

No. 17 BK 3283-LTS

(Jointly Administered)

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

IN RE:

THE FINANCIAL OVERSIGHT AND

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of

THE EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO, 

 Debtor.

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

PROMESA

Title III

No. 17 BK 3566-LTS

COVER SHEET TO THIRTEENTH MONTHLY FEE APPLICATION OF PROSKAUER 

ROSE LLP FOR COMPENSATION FOR FEES AND SERVICES RENDERED OUTSIDE 

OF PUERTO RICO AND REIMBURSEMENT OF EXPENSES AS ATTORNEYS TO THE 

FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, AS 

REPRESENTATIVE OF DEBTOR, EMPLOYEES RETIREMENT SYSTEM

(“ERS”), FOR THE PERIOD MAY 1, 2018 THROUGH MAY 31, 2018 

ALL FEES AND SERVICES IN THIS MONTHLY FEE STATEMENT WERE 

INCURRED OUTSIDE OF PUERTO RICO

1

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

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

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

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

8474); (iii) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) 

(Last Four Digits of Federal Tax ID: 3808); and (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). (Title III case numbers are listed as Bankruptcy Case numbers due to software limitations).

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 100 of 112
2 

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

Authorized to Provide

Professional Services to: Financial Oversight and Management Board, as 

Representative for the Debtor Pursuant to 

PROMESA Section 315(b) 

Period for which compensation 

and reimbursement for fees and services 

outside of Puerto Rico is sought: May 1, 2018 through May 31, 2018 

Amount of compensation sought 

as actual, reasonable and necessary: $9,183.90

Amount of expense reimbursement sought 

as actual, reasonable and necessary: $0.00 

Total Amount for these Invoices: $9,183.90

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

This is Proskauer’s thirteenth monthly fee application in these cases and is for fees and services 

rendered outside of Puerto Rico. 

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 101 of 112
3 

Principal Certification

I hereby authorize the submission of this Monthly Fee Statement for May 2018. 

_______________________________________

Jaime A. El Koury 

General Counsel to the Financial Oversight and 

Management Board for Puerto Rico 

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 102 of 112
4

On July 10, 2018 Sent to:

FOMB: Co-Counsel for AAFAF:

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

40 Washington Square South Times Square Tower

Office 314A 7 Times Square

New York, NY 10012 New York, NY 10036

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

 FOMB Board Member Suzzanne Uhland, Esq.

 Diana M. Perez, Esq.

O’Neill & Borges LLC

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

San Juan, PR 00918 MCS Plaza, Suite 500

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

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq. 

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

Office of the United States Trustee for the District of 

Puerto Rico

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

San Juan, PR 00901 Jenner & Block LLP

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

New York, NY 10022-3908

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

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

Atlanta, GA 30303

Attn: Guy G. Gebhardt Jenner & Block LLP

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

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

Attn.: Catherine Steege, Esq.

 Melissa Root, Esq.

Co-Counsel for the Official Committee of Unsecured 

Creditors:

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

200 Park Avenue Edificio Union Plaza, PH-A 

New York, NY 10166 416 Avenida Ponce de León

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

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

Casillas, Santiago & Torres, LLC 

El Caribe Office Building 

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

San Juan, Puerto Rico 00901-2419 PO Box 9024140

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

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

 Central Accounting

 Omar E. Rodríguez Pérez, CPA, Assistant

Co-Counsel for the Fee Examiner Secretary of Central Accounting

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

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

Madison, WI 53703 Francisco Parés Alicea, Assistant Secretary of

Attn: Katherine Stadler Internal Revenue and Tax Policy

 Francisco Peña Montañez, CPA, Assistant 

EDGE Legal Strategies, PSC Secretary of the Treasury

252 Ponce de León Avenue

Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 103 of 112
Summary of Disbursements for the Period May 1, 2018 through May 31, 2018

5

Task Code Matter Description Total Billed

Hours

Total Fees

Requested

201 Tasks relating to the Board, its Members, its 

Staff, its Advisors or its Consultants 1.50 $1,138.50

203 Hearings and other non-filed communications 

with the Court 0.20 $151.80

205

Communications with the Commonwealth and 

its Representatives of the Commonwealth or 

its Instrumentalities

0.70 $531.30

210 Analysis and Strategy 2.30 $1,745.70

215 Plan of Adjustment and Disclosure Statement 7.40 $5,616.60

Total 12.10 $9,183.90

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 104 of 112
Summary of Disbursements for the Period May 1, 2018 through May 31, 2018

6

Professional Position/Title Department Hourly

Billing Rate

Total Billed

Hours

Total

Compensation

Brian S. Rosen Partner BSGR & B $759.00 9.60 $7,286.40

Jeffrey W. Levitan Partner BSGR & B $759.00 0.30 $227.70

Paul Possinger Partner BSGR & B $759.00 0.60 $455.40

Steven O. Weise Partner BSGR & B $759.00 1.40 $1,062.60

Timothy W. 

Mungovan Partner Litigation $759.00 0.20 $151.80

TOTAL 12.10 $9,183.90

SUMMARY OF LEGAL FEES Hours 

12.10

Fees

$9,183.90

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 105 of 112
7

Proskauer requests payment and reimbursement in accordance with the procedures set forth in 

the Interim Compensation Order (i.e., payment of ninety percent (90%) of the compensation sought, 

in the amount of $8,265.51 and reimbursement of one-hundred percent (100%) of expenses incurred, 

in the amount of $0.00, for service rendered outside of Puerto Rico) in the total amount of $8,265.51.

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 106 of 112
Professional Certification

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

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

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

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

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

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

the Government of Puerto Rico or its instrumentalities.

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

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

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

Ann M. Ashton (pro hac vice)

Proskauer Rose LLP

1001 Pennsylvania Avenue, NW

Suite 600 South

Washington, DC 20004-2533

Tel: (202) 416-5825

Fax: (202) 416-6899

8

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 107 of 112
Exhibit A

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 108 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170158063

0007 PROMESA TITLE III: ERS Page 1

Summary of Time Billed by Task Hours Value

201 Tasks relating to the Board and Associated Members 1.50 $1,138.50

203 Hearings and other non-filed communications with the Courts 0.20 $151.80

205 Communications with the Commonwealth and its Representatives 0.70 $531.30

210 Analysis and Strategy 2.30 $1,745.70

215 Plan of Adjustment and Disclosure Statement 7.40 $5,616.60

Total 12.10 $9,183.90

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 109 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170158063

0007 PROMESA TITLE III: ERS Page 2

Tasks relating to the Board and Associated Members -- 201

Date Timekeeper Task Description Hours Amount

05/29/18 Brian S. Rosen 201 Meeting with Rothschild, O'Melveny et 

al. regarding ERS assets/liabilities 

(1.50).

1.50 $1,138.50

Tasks relating to the Board and Associated Members 1.50 $1,138.50

Hearings and other non-filed communications with the Court -- 203

Date Timekeeper Task Description Hours Amount

05/11/18 Timothy W. 

Mungovan

203 Communications with K. Perra 

regarding hearing on United States' 

motion to dismiss.

0.20 $151.80

Hearings and other non-filed communications with the Court 0.20 $151.80

Communications with the Commonwealth and its Representatives -- 205

Date Timekeeper Task Description Hours Amount

05/24/18 Brian S. Rosen 205 Review ERS asset schedules (0.40); 

Memoranda to D. Mondell regarding 

meeting on same (0.10); Memorandum 

from V. D'Agata regarding analysis 

(0.10); Memorandum to V. D'Agata 

regarding same (0.10).

0.70 $531.30

Communications with the Commonwealth and its Representatives 0.70 $531.30

Analysis and Strategy -- 210

Date Timekeeper Task Description Hours Amount

05/09/18 Jeffrey W. Levitan 210 Review UCC-3 stipulation (0.10); Email P. Possinger regarding revision to 

stipulation (0.10); Review S. Weise 

stipulation edits (0.10).

0.30 $227.70

05/09/18 Steven O. Weise 210 Review and revise stipulation regarding 

filings of continuation statements.

1.10 $834.90

05/09/18 Paul Possinger 210 Further review of stipulation regarding 

financing statement continuation and 

related e-mails.

0.30 $227.70

05/10/18 Paul Possinger 210 Review docket in bondholders' Court of 

claims case (0.20); E-mails with K. 

Perra, et. al., regarding same (0.10).

0.30 $227.70

05/14/18 Steven O. Weise 210 Review revised stipulation regarding 

filing continuation statements.

0.30 $227.70

Analysis and Strategy 2.30 $1,745.70

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 110 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170158063

0007 PROMESA TITLE III: ERS Page 3

Plan of Adjustment and Disclosure Statement -- 215

Date Timekeeper Task Description Hours Amount

05/04/18 Brian S. Rosen 215 Revise materials related to potential 

plan of adjustment.

0.90 $683.10

05/08/18 Brian S. Rosen 215 Revise materials related to potential 

plan of adjustment.

1.40 $1,062.60

05/10/18 Brian S. Rosen 215 Revise materials relating to plan of 

adjustment (2.30); Memorandum to T. 

Green regarding same (0.10); 

Teleconference with T. Green regarding 

same (0.10).

2.50 $1,897.50

05/11/18 Brian S. Rosen 215 Revise materials relating to plan of 

adjustment.

2.60 $1,973.40

Plan of Adjustment and Disclosure Statement 7.40 $5,616.60

Total for Professional Services $9,183.90

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 111 of 112
33260 FOMB

PROFESSOR ARTHUR J. GONZALEZ, FOMB BOARD 

MEMBER

Invoice 170158063

0007 PROMESA TITLE III: ERS Page 4

Timekeeper Summary

Timekeeper Status Hours Rate Value

BRIAN S. ROSEN PARTNER 9.60 759.00 $7,286.40

JEFFREY W. LEVITAN PARTNER 0.30 759.00 $227.70

PAUL POSSINGER PARTNER 0.60 759.00 $455.40

STEVEN O. WEISE PARTNER 1.40 759.00 $1,062.60

TIMOTHY W. MUNGOVAN PARTNER 0.20 759.00 $151.80

 Total for PARTNER 12.10 $9,183.90

Total 12.10 $9,183.90

Total Amount for this Matter $9,183.90

Case:17-03283-LTS Doc#:3573-2 Filed:07/16/18 Entered:07/16/18 22:14:13 Desc:

Exhibit B Page 112 of 112