UNITED STATES DISTRICT COURT

DISTRICT OF PUERTO RICO

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

:

In re: :

:

THE FINANCIAL OVERSIGHT AND : PROMESA

MANAGEMENT BOARD FOR PUERTO RICO, : Title III

:

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

:

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

:

Debtors.1 :

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

OMNIBUS ORDER AWARDING INTERIM ALLOWANCE OF COMPENSATION 

FOR PROFESSIONAL SERVICES RENDERED AND REIMBURSEMENT OF 

EXPENSES FOR THE FIRST (MAY 3 THROUGH SEPTEMBER 30, 2017),

SECOND (OCTOBER 1, 2017 THROUGH JANUARY 31, 2018), AND THIRD 

(FEBRUARY 1 THROUGH MAY 31, 2018) INTERIM COMPENSATION PERIODS

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

Entry Nos. 2073, 2756-1, 2756-2, 2756-3, 2718, 2739, 3521, 3522, 3523, 3530, 3532, 3535, 

3536, 3537, 3543, 3547, 3556, 3539, 3561, 3562, 3566, 3567, 3580, 3583, 3584, 3586, 3587 in 

Case No. 17-3283, Docket Entry No. 467 in Case No. 17-3567, and Docket Entry No. 919 in 

Case No. 17-4780, the (“Applications”)) indicated as “Recommended for Approval” on the 

attached Exhibit A, pursuant to sections 316 and 317 of the Puerto Rico Oversight, Management, 

and Economic Stability Act (“PROMESA), Pub. L. No. 114-187, §§ 316, 317, 130 Stat., 549, 

 1 The Debtors in these title III cases, along with each Debtor’s respective title III case number listed as a bankruptcy 

case number due to software limitations 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) 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), (iii) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 17-BK3567 (LTS)) (Last Four Digits of Federal Tax ID: 3808), (iv) Puerto Rico Sales Tax Financing Corporation 

(“COFINA”) (Bankruptcy Case No. 17-BK-3284 (LTS)) (Last Four Digits of Federal Tax ID: 8474), and (v) 

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

Federal Tax ID: 3747).

Case:17-03283-LTS Doc#:4200 Filed:11/09/18 Entered:11/09/18 14:37:29 Desc: Main

Document Page 1 of 5
181109 ORD RE FEE EXAMINER’S THIRD INTERIM REPORT VERSION NOVEMBER 9, 2018 2

584-85 (2016), and Rule 2016 of the Local Rules of Bankruptcy Practice and Procedure of the 

U.S. Bankruptcy Court for the District of Puerto Rico, for the interim allowance of certain fees, 

including all holdbacks and expenses incurred by the Applicants for the specific period of time 

set forth in each of the Applications (the “Compensation Periods”); filed in accordance with the 

Order Setting Procedures for Interim Compensation and Reimbursement of Expenses for 

Professionals [Dkt. No. 1150] (the “Interim Compensation Order”); the First Amended Order 

Setting Procedures for Interim Compensation and Reimbursement of Expenses of Professionals

[Dkt. No. 1715] (the “First Amended Interim Compensation Order”); the Second Amended Order 

Setting Procedures for Interim Compensation and Reimbursement of Expenses of Professionals

[Dkt. No. 3269] (the “Second Amended Interim Compensation Order”); the Order Pursuant to 

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

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

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

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

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

supplemental report filed by the Fee Examiner with respect to the Applications [see Dkt. 

No. 4126]; and the Court finding that: (a) the Court has jurisdiction over this matter pursuant to 

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

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

afforded the opportunity to be heard on the Applications, and no objections having been filed; 

now therefore 

IT IS HEREBY ORDERED THAT:

1. The Applications are GRANTED on an interim basis, to the extent set forth on the 

attached Exhibit A.

Case:17-03283-LTS Doc#:4200 Filed:11/09/18 Entered:11/09/18 14:37:29 Desc: Main

Document Page 2 of 5
181109 ORD RE FEE EXAMINER’S THIRD INTERIM REPORT VERSION NOVEMBER 9, 2018 3

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

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

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

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

holdbacks.

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

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

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

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

for services rendered and expenses incurred during the Compensation Periods.

4. Pursuant to the Fee Examiner’s report, the following interim fee applications 

remain adjourned for consideration at the December 19, 2018 omnibus hearing or a later hearing 

date: Docket Entry Nos. 2868, 2870, 2872, 2876, 2874, 2751, 2755, 2944, 3519, 3526, 3540, 

3541, 3542, 3545, 3559, 3560, 3564, 3658, 3565, 3568, 3569, 3571, 3590, 3576, 3582, 3588, 

3575, 3578, 3579, 3581, 3831, and 4020 in Case No. 17-3283, and Docket Entry No. 918 in Case 

No. 17-4780. 

5. This order resolves Docket Entry Nos. 2073, 2756-1, 2756-2, 2756-3, 2718, 2739, 

3521, 3522, 3523, 3530, 3532, 3535, 3536, 3537, 3543, 3547, 3556, 3539, 3561, 3562, 3566, 

3567, 3580, 3583, 3584, 3586, 3587 in Case No. 17-3283, Docket Entry No. 467 in Case No. 17-

3567, and Docket Entry No. 919 in Case No. 17-4780.

SO ORDERED.

Dated: November 9, 2018

 /s/ Laura Taylor Swain

LAURA TAYLOR SWAIN

United States District Judge

Case:17-03283-LTS Doc#:4200 Filed:11/09/18 Entered:11/09/18 14:37:29 Desc: Main

Document Page 3 of 5
In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283‐LTS

First, Second, and Third Interim Fee Period Applications Recommended for Court Approval:  Applicant

Compensation Period

 Interim Fees 

Requested 

 Fee Examiner's 

Recommended 

Fee Adjustments 

 Interim 

Expenses 

Requested 

 Fee Examiner's 

Recommended 

Expense 

Adjustments 

 Interim Fe

Recommende

Approva

1‐a McKinsey & Company, Inc. [Dkt. No. 2073] 05/03 ‐ 09/30/2017 5,120,000.00 $             ‐ $                       ‐ $                    ‐ $                       5,120,0

$           

1‐b McKinsey & Company, Inc. [Dkt. No.2756‐1] 10/01 ‐ 1/31/2018 6,550,000.00 $             ‐ $                       ‐ $                    ‐ $                       6,550,0

$           

1‐c McKinsey & Company, Inc. [Dkt. No.2756‐2] 10/01 ‐ 1/31/2018 1,025,000.00 $             ‐ $                       ‐ $                    ‐ $                       1,025,0

$           

1‐d McKinsey & Company, Inc. [Dkt. No.2756‐3] 10/01 ‐ 1/31/2018 2,960,000.00 $             ‐ $                       ‐ $                    ‐ $                       2,960,0

$           

2 Andrew Wolfe [Dkt. No. 2718] 10/01 ‐ 1/31/2018 100,000.00 $                 ‐ $                       12,391.30 $        567.55 $                100,0

$              

3 Zolfo Cooper, LLC [Dkt. No. 2739] 10/01 ‐ 1/31/2018 1,965,880.50 $             125,030.00 $         9,725.67 $           64.17 $                  1,840,8

$           

4 Andrew Wolfe [Dkt. No. 3521] 2/01 ‐ 5/31/2018 100,000.00 $                 ‐ $                       13,157.16 $        567.54 $                100,0

$              

5 Pension Trustee Advisors, Inc. [Dkt. No. 3522] 2/01 ‐ 5/31/2018 29,596.50 $                   627.50 $                ‐ $                    ‐ $                       28,9

$                

6 Phoenix Management Services, LLC [Dkt. No. 3523] 2/05 ‐ 6/03/2018 411,040.50 $                 2,346.50 $             19,039.99 $        371.00 $                408,6

$              

7 Luskin, Stern & Eisler LLP [Dkt. No. 3530] 2/01 ‐ 5/31/2018 125,126.00 $                 2,000.00 $             471.42 $              ‐ $                       123,1

$              

8 Ernst & Young LLP [Dkt. No. 3532] 2/01 ‐4/30/2018 1,114,251.25 $             31,654.54 $           ‐ $                    ‐ $                       1,082,5

$           

9 Jenner & Block LLP [Dkt. No. 3535] 2/01 ‐ 5/31/2018 1,969,909.52 $             30,315.44 $           71,940.52 $        2,524.11 $             1,939,5

$           

10 Marchand ICS Group [Dkt. No. 3536] 2/01 ‐ 5/31/2018 82,519.00 $                   ‐ $                       9,558.11 $           ‐ $                       82,5

$                

11 Segal Consulting [Dkt. No. 3537] 2/01 ‐ 5/31/2018 268,316.00 $                 12,752.67 $           4,015.79 $           ‐ $                       255,5

$              

12 FTI Consulting, Inc. [Dkt. No. 3543] 2/01 ‐ 5/31/2018 1,877,094.50 $             55,000.00 $           18,368.45 $        ‐ $                       1,822,0

$           

13 Members of Retirees Committee [Dkt. No. 3547] 2/01 ‐ 5/31/2018 ‐ $                               ‐ $                       539.30 $              ‐ $                       

$                      

14 Greenberg Traurig LLP [Dkt. No. 3556] 2/01 ‐ 5/31/2018 4,536,263.70 $             112,255.37 $         129,139.80 $      2,973.68 $             4,424,0

$           

15 Rothschild Inc. [Dkt. No. 3561] 4/01 ‐ 5/31/2018 2,020,000.00 $             ‐ $                       ‐ $                    ‐ $                       2,020,0

$           

16 Casillas, Santiago & Torres LLC [Dkt. No. 3562] 2/01 ‐ 5/31/2018 294,120.50 $                 ‐ $                       12,052.09 $        ‐ $                       294,1

$              

17 Kroma Advertising Inc. [Dkt No. 3566] 2/15 ‐ 4/15/2018 60,000.00 $                   ‐ $                       19,509.35 $        ‐ $                       60,0

$                

18 Drivetrain LLC and SEIU [Dkt. No. 3567] 1/01 ‐ 5/31/2018 ‐ $                               ‐ $                       5,726.96 $           220.00 $                

$                      

19‐a McKinsey & Company, Inc. [Dkt. No. 3580] 2/01 ‐ 5/31/2018 7,237,000.00 $             ‐ $                       ‐ $                    ‐ $                       7,237,0

$           

Strategic Consultants to Debtors ‐ CommonwealthStrategic Consultants to Debtors ‐ CommonwealthMacroeconomic Consultant to DebtorsCounsel to AAFAF ‐ COFINAMacroeconomic Consultant to DebtorsPension Consultant to Oversight Board

Financial Advisor to Mediation TeamFinancial Advisor for Retirees CommitteeSpecial Counsel to Oversight BoardFinancial Advisor to Oversight BoardCounsel for Retirees CommitteeInformation Agent for Retirees CommitteeActuaries and Consultants for Retirees CommitteeRetirees CommitteeCounsel for PREPA and AAFAFStrategic Consultants to Debtors ‐ HTAStrategic Consultants to Debtors ‐ PREPAFinancial Advisor and Investment Banker for AAFAFPuerto Rico Counsel to Official Committee of Unsecured Creditors

Communications Advisor to Official Committee of Unsecured CreditorsMember of Official Committee of Unsecured CreditorsFinancial Advisor to Official Committee of Unsecured Creditors

 19228930.1

Case:17-03283-LTS Doc#:4200 Filed:11/09/18 Entered:11/09/18 14:37:29 Desc: 

Document Page 4 of 5
In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283‐LTS

First, Second, and Third Interim Fee Period Applications Recommended for Court Approval:  Applicant

Compensation Period

 Interim Fees 

Requested 

 Fee Examiner's 

Recommended 

Fee Adjustments 

 Interim 

Expenses 

Requested 

 Fee Examiner's 

Recommended 

Expense 

Adjustments 

 Interim Fe

Recommende

Approva

19‐b McKinsey & Company Inc [17‐3567 Dkt. No. 467] 2/01 ‐ 5/31/2018 1,585,000.00 $             ‐ $                       ‐ $                    ‐ $                       1,585,0

$           

19‐c McKinsey & Company Inc [17‐04780 Dkt. No. 919] 2/01 ‐ 5/31/2018 2,960,000.00 $             ‐ $                       ‐ $                    ‐ $                       2,960,0

$           

20‐a Marini Pietrantoni Muniz, LLC [Dkt. No. 3583] 3/01 ‐ 5/31/2018 3,286.35 $                     777.03 $                ‐ $                    ‐ $                       2,5

$                  

20‐b Marini Pietrantoni Muniz, LLC [Dkt. No. 3584] 3/01 ‐ 5/31/2018 10,631.70 $                   777.04 $                ‐ $                    ‐ $                       9,8

$                  

20‐c Marini Pietrantoni Muniz, LLC [Dkt. No. 3586] 3/01 ‐ 5/31/2018 38,402.10 $                   777.04 $                1,511.49 $           34.27 $                  37,6

$                

20‐d Marini Pietrantoni Muniz, LLC [Dkt. No. 3587] 3/01 ‐ 5/31/2018 203,956.65 $                 777.04 $                7,323.38 $           34.27 $                  203,1

$              

21 Bennazar, Garcia & Milan [Dkt No. 3539] 2/01 ‐ 5/31/2018 352,581.25 $                 9,333.75 $             21,979.16 $        4,132.79 $             343,2

$              

FN1 This reccommendation includes the allowance of first class air travel specifically authorized by the Oversight Board due to extenuating circumstances.Puerto Rico Counsel to AAFAF ‐ ERSPuerto Rico Counsel to AAFAF ‐ HTAPuerto Rico Counsel to AAFAF ‐ COMMONWEALTHPuerto Rico Counsel to AAFAF ‐ COFINAConsulting Services Provider to Debtors ‐ HTAConsulting Services Provider to Debtors ‐ PREPAPuerto Rico Counsel for Retirees Committee

 19228930.1

Case:17-03283-LTS Doc#:4200 Filed:11/09/18 Entered:11/09/18 14:37:29 Desc: 

Document Page 5 of 5