EXHIBIT E 

DETAILED TIME RECORDS OF BENNAZAR, GARCÍA & MILIÁN, C.S.P. 

 

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 1 of 111
BENNAZAR, GARCIA & MILIAN, C.S.P.

APARTADO POSTAL 194000 NUM. 212 

SAN JUAN, PUERTO RICO 00919-4000

Telefono: (787) 754-9191 

Fax: (787) 764-3101

maureen.auevedoiaibennazar.orq

bam.csp@.bennazar.ora

Num. S.S. 66-0535704

April 5, 2018

Invoice # 180203

OFFICIAL COMMITTEE OF RETIRED EMPLOYEES

RE: COMMONWEALTH OF PUERTO RICO 

CASE NUMBER 17-BK-03283

FOR PROFESSIONAL SERVICES RENDERED THROUGH FEBRUARY 28, 2018

CASE ADMINISTRATION

Hrs/Rate

02/01/18 FDC Read and review email from H. Mayol and attached memorandum regarding

presentation of President of the FOMB.

0.10

250.00/hr

AJB Reviewed orders issued and motions filed as per the ECF system, Dkts.

2316-2322.

0.10

375.00/hr

02/02/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2323-2351.

0.20

375.00/hr

02/03/18 FDC Read and review dockets in Case:17-03283-LTS: Doc#:2394 Filed:02/02/18

(.1); Doc#:2395 Filed:02/03/18 (.3); Doc#:2396 Filed:02/03/18 (.2).

0.60

250.00/hr

AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2352-2394.

0.30

375.00/hr

02/05/18 FDC Correspondence with R. Gordon, C. Steege, H. Mayol and I. Gershengorn

regarding constitutional rights of retirees.

0.50

250.00/hr

FDC Read dockets in case:17-03283-LTS Doc#:2405 Filed:02/05/18 (.2);

Doc#:2407 Filed:02/05/18 (.1).

0.30

250.00/hr

HMK Write opinion on Committee! 0.20

375.00/hr

Amount

25.00

37.50

75.00

150.00

112.50

125.00

75.00

75.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 2 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 2

Hrs/Rate

02/06/18 FDC Meeting with H. Mayol to discuss several legal questions poised by R. Gordon 2.00

regarding the nature of employees of the Commonwealth, municipalities and 250.00/hr

public corporations.

AJB Reviewed motions filed and orders issued as per the ECF system, Dkts. 0.10

2399-2411. 375.00/hr

02/07/18 FDC Read and review email from M. Root regarding Bar date Order. 0.20

250.00/hr

FDC Listen in omnibus hearing held in San Juan. 0.60

250.00/hr

AJB Reviewed motions filed and orders issued as per the ECF system, Dkts. 0.10

2412-2428. 375.00/hr

02/08/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts. 0.10

2429-2437. 375.00/hr

02/09/18 HMK Read order allowing GO Bondholders and AMBAC in PREPA case. 0.10

375.00/hr

HMK 0.40

375.00/hr

AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2438-2442.

0.10

375.00/hr

02/12/18 FDC Conference call of Professionals regarding the status of the case,0.90

and other relevant issues. 250.00/hr

AJB Reviewed motions filed and orders issued as per the ECF system, Dkts. 0.10

2443-2462. 375.00/hr

CRI Send memorandum on Adv. Case Breids to A. J. Bennazar, H. Mayol and F. 4.40

del Castillo. Review breids, preparation for meeting. Determine and study 150.00/hr

material cases. Meeting with A. J. Bennazar to discuss "taking

clause/property interest".

02/13/18 FDC Read and review briefs prepared by C.Ramirezregarding adversarial cases 2.10

under PROMESA. 250.00/hr

AJB Reviewed motions filed and orders issued as per the ECF system, Dkts. 0.30

2453-2483. 375.00/hr

CRI Worked on legal research on constructive trust doctrine in P.R. and wrote 5.80

memorandum. Discussed with AJB. 150.00/hr

02/14/18 AJB Reviewed motions filed and orders issuedas per the ECF system, Dkts. 0.20

2484-2498. 375.00/hr

Amount

500.00

37.50

50.00

150.00

37.50

37.50

37.50

150.00

37.50

225.00

37.50

660.00

525.00

112.50

870.00

75.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 3 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 3

Hrs/Rate Amount

02/14/18 AJB Received and read memorandum from C. Steege, and read the proposed order

to establish bar dates for filing proofs of claims, in Spanish and English.

Discussed with FDC.

0.70

375.00/hr

262.50

CRI Reviewed documents and consultation on the "constructive trust" issue. 

Discussion with AJB. Participated in conference call meeting on the same

topic.

2.40

150.00/hr

360.00

02/15/18 FDC Read and review dockets in Case:17-03283-LTS: Doc#:2521 Filed:02/15/18. 0.40

250.00/hr

100.00

AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2499-2515.

0.20

375.00/hr

. 75.00

02/16/18 FDC Reviewed draft of proposed bar date order and translation to Spanish, and 

made comments and corrections to document (4.5); correspondence with C.

Steege, J. Berman, P. Possinger regarding the recommended modifications

(.2); Conference call with J. Berman from Prime Clerk (.2); read and review

email from J. Berman with attached order (.4).

5.30

250.00/hr

1,325.00

AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2516-2522.

0.10

375.00/hr

37.50

AJB Received and read exchange of memoranda between F. del Castillo and C.

Steege (Jenner) on suggested modifications to the Spanish version of the

proposed bar date order.

0.30

375.00/hr

112.50

02/20/18 FDC Correspondence with C. Weedoff and A. J. Bennazar and review of Notice of

Appearance of local and mainland legal representatives of the Committee.

0.20

250.00/hr

50.00

AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2523-2550.

0.20

375.00/hr

75.00

02/22/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts. 

2551-2571.

0.20

375.00/hr

75.00

02/23/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2572-2578.

0.10

375.00/hr

37.50

AJB Exchange of notes with M. Root, H. Mayol and F. del Castillo to set up the

next ORC meeting in San Juan next March.

0.20

375.00/hr

75.00

FDC Read and review docket in Case: 17-03283-LTS Doc#:2585 Filed:02/23/18. 0.20

250.00/hr

50.00

02/24/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2579-2586.

0.20

375.00/hr

75.00

02/26/18 FDC Read and review order in Case: 17-03283-LTS Doc#:2590 Filed:02/26/18. 0.20

250.00/hr

50.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 4 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 4

Hrs/Rate Amount

02/26/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2587-2589.

0.10

375.00/hr

37.50

02/28/18 FDC Read and review dockets in Case: 17-03283-LTS: Doc#:2595 Filed:02/27/18

(.3); Doc#:2599 Filed:02/27/18 (.1).

0.40

250.00/hr

100.00

SUBTOTAL: [

CHALLENGES TO PROMESA

31.20 7,115.00]

02/28/18 AJB Received and read memorandum from R. Levin on Congressional intent of

Bankruptcy Code Ch. IX.

0.10

375.00/hr

37.50

AJB Conference with Sgt. Marin and R. Levin (Jenner) on the main purpose of

Promesa law as a whole, in light of similarities of Promesa Title III with Ch. IX

of Bankruptcy law.

0.20

375.00/hr

75.00

SUBTOTAL: [

COFINA/COMMONWEALTH ADVERSARY PROCEEDING

0.30 112.50]

02/01/18 AJB Further review of draft legal argument prepared by R. Levin (Jenner) on the

application of P.R. Civil code provisions to the Cofina legislation. Exchange of

memoranda with R. Levin to discuss draft.

1.30

375.00/hr

487.50

02/02/18 FDC Read and reviewed draft Motion for Summary Judgement of Interventor Official

Committee of Retirees; Joinder in Plaintiff's Motion for Summary Judgement.

0.30

250.00/hr

75.00

AJB Brief meeting at Jenner & Block with R. Levin to discuss his draft legal 

argument on applicability of Civil Law provisions to Cofina legislation.

0.20

375.00/hr

75.00

AJB Received and read proposed draft of a motion for summary judgment prepared

by R. Levin (Jenner) and checked PR Civil Law citations.

0.80

375.00/hr

300.00

02/05/18 FDC Read docket in Case:17-00257-LTS Doc#:277 Filed:02/05/18. 0.10

250.00/hr

25.00

AJB Received and read QTCB noteholders group to join urgent motion to expand

authority and inmunity protections for mediation purposes, Adv. proceeding

257, Dkt. 277.

0.20

375.00/hr

75.00

02/06/18 AJB Received and read AAFAF's objection to the joint urgent motion of FOMB, 

Commonwealth and Cofina Agents for an order expanding authority, etc Adv.

Proc. 257, DKT. 279.

0.60

375.00/hr

225.00

02/07/18 FDC Read dockets in case Case: 17-00257-LTS Doc#:277 Filed:02/05/18 (.1);

Case: 17-00257-LTS Doc#:283 Filed:02/07/18 (.2).

0.30

250.00/hr

75.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 5 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 5

Hrs/Rate Amount

02/07/18 AJB Received and read omnibus reply of FOMB, Cofma and Commonwealth Agents

in support of their urgent motion for expanding authority and inmunity

protections in Adv. Proced. 257, Dkt. 283.

0.50

375.00/hr

187.50

02/10/18 FDC Read order in case Case:17-00257-LTS Doc#:284 Filed:02/10/18. 0.20

250.00/hr

50.00

02/12/18 FDC Read and review email and attachments from C. Wefodd regarding the

COFINA Equitable Ownership Theories.

0.40

250.00/hr

100.00

FDC Read and review email and attached memorandum by M. Hindman. 0.20

250.00/hr

50.00

FDC Correspondence with M. Root and legal analysis of memorandum and legal 

figure of In pari delicto.

2.90

250.00/hr

725.00

02/13/18 FDC Review dockets in Case:17-00257-LTS: Doc#:287 Filed:02/13/18 (.2)

Doc#:290 Filed:02/13/18 (.1); Doc#:288 Filed:02/13/18 (.2).

0.50

250.00/hr

125.00

FDC Legal research of Puerto Rico law and jurisprudence regarding the figure of In

pari delicto and draft of memorandum.

1.10

250.00/hr

275.00

02/14/18 AJB Received and read Commonwealth Agent's answer and defenses of Cofina

Agent's second amended counterclaim, Adv. Proc. 257, Dkt. 289.

0.30

375.00/hr

112.50

AJB Received and read Commonwealth Agent's answer and defenses to Mutual

Funds and P.R. Funds Group's amended counterclaim, Adv. Proc. 257, Dkt.

290, and amended reservation of rights as to Ambac's counterclaim, Adv.

Proc. 257, Dkt. 291.

0.30

375.00/hr

112.50

AJB Received and read Commonwealth Agent's answer and defenses of Cofina

Senior Bondholders Coalition, Adv. Proc. 257, Dkt. 288.

0.40

375.00/hr

150.00

AJB Received and read Commonwealth Agent's answer and defenses to Nat.

Public Finance Guarantee Corp's , amended counterclaims against the

Commonwealth, Adv. Proc. 257, Dkt. 287.

0.60

375.00/hr

225.00

CRI Bar journal article translation to provide to Jennerteam. Colonial effect on P.R.

jurisprudence. Discussed with AJB.

4.30

150.00/hr

645.00

02/15/18 AJB Received and read the Commonwealth Agent's motion for leave in connection

with its motion for summary judgement due next week, Adv. Proc. 257, Dkt.

294.

0.10

375.00/hr

37.50

AJB

1

Received from R. Gordon (Jenner) and read updated and modified draft of the 

proposed letter to UST on scope of ORC's representation of retirees.

0.20

375.00/hr

75.00

AJB Further research on the extent and applicability of the "constructive trust"

doctrine under P.R. law as an equitable remedy. Read both original Spanish

and translation into English of article by Pedro G. Galarza published in the

Law Review of the P.R. Bar Association (Revista juridica del Colegio de

2.80

375.00/hr

1,050.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 6 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 6

abogados de P.R.) 1998, to further buttress our legal analysis regarding

Cofina's implied Trust allegations.

Hrs/Rate Amount

02/17/18 FDC Read and review law review article received from A. J. Bennazar regarding

effect of change on sovereignty in PR Civil Body of Law.

0.30

250.00/hr

75.00

AJB Forwarded to C. Steege, R. Levin, R. Gordon, M. Root and C. Wedoff (Jenner)

P.R. Law review materials on applicability or not of certain common law

equitable relief doctrines not governed by the P.R. Civil Code. Received and 

read reaction of R. Levin.

0.60

375.00/hr

225.00

02/20/18 FDC Read and review email from R. Levin and attached draft of brief for COFINA

Summary Judgment Motion.

0.60

250.00/hr

150.00

AJB Received from R. Levin (Jenner) draft of memorandum of law to support ORC's

motion for summary judgement in Adv. Proc. 257 to review and if necessary

correct or revise the Puerto Rico Civil Law citations and arguments. Compared

text to prior memorandum of February 2.

2.20

375.00/hr

825.00

02/21/18 FDC Read and review dockets in Case: 17-00257-LTS Doc#:304 Filed:02/21/18 &

Doc#:305 Filed:02/21/18 (.1); Doc#:307 Filed:02/21/18 (.4); Doc#:314

Filed:02/21/18 (.3); Doc#:317 Filed:02/21/18 (.4); Doc#:318 Filed:02/21/18 &

Doc#:320 Filed:02/21/18 (.1); Doc#:322 Filed:02/21/18 (.4);

Case: 17-00257-LTS Doc#:325 Filed:02/21/18 (.1).

1.80

250.00/hr

450.00

AJB Received and examined further edits to the draft memorandum of law made by

R. Levin and R. Gordon (Jenner). Received and examined final drafts of the

notice, motion for summary judgement and the brief in support thereof.

Discussed by telephone with R. Levin and confirmed our acquiescence to him 

by memorandum. Read notes from C. Wedoff and N. Conway (Jenner) re:

filing. The motion was filed, Adv. Proc. 257, Dkts. 300-301. Received exchange

of notes from C. Steege and R. Levin re: same.

2.10

375.00/hr

787.50

02/22/18 AJB Received and examined Ambac's joinder to the motion for summary judgement

of the Cofina agent, Adv. Proc. 257, Dkt. 325.

0.20

375.00/hr

75.00

AJB Received and read Commonwealth Agent's notice, motion for summary

judgement and incorporated memorandum of law; statement of undisputed

material facts; declaration in support of motion for summary judgement in Adv. 

Proc. 257, Dkst. 321-324.

1.70

375.00/hr

637.50

02/27/18 FDC Read and review dockets in Case: 17-00257-LTS: Doc#:329 Filed:02/26/18 (.3);

Doc#:330 Filed:02/26/18 & Doc#:331 Filed:02/26/18 (.1); Doc#:332

Filed:02/26/18 (.1) & Doc#:333 Filed:02/27/18 (.1).

0.60

250.00/hr

150.00

02/28/18 FDC Read and review dockets in Case: 17-00257-LTS: Doc#:337 Filed:02/28/18 (.1); 

Doc#:338 Filed:02/28/18 (.2); Doc#:339 Filed:02/28/18 (.1).

0.40

250.00/hr

100.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 7 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 7

Hrs/Rate Amount

02/28/18 FDC Legal research regarding the Diary of Sessions of the Constitutional

Convention of Puerto Rico regarding the payment of general obligation bonds

(.7); Correspondence with H. Mayol and A. J. Bennazar about same (.1).

0.80

250.00/hr

200.00

AJB Received and read AAFAF's joinder to the FOMB's opposition to Cofina

agent's motion to certify questions to the P.R. Supreme Court.

0.10

375.00/hr

37.50

AJB Received and read UCC's motion, acting as Commonwealth agent in

opposition to Cofina agent's motion to certify questions to the Supreme Court

of P.R., Adv. Proc. 257, Dkt. 338.

0.30

375.00/hr

112.50

AJB Received and read FOMB's opposition to Cofina agent's request for

certification to the P.R. Supreme Court, Adv. Proc. 257, Dkt. 337.

0.40

375.00/hr

150.00

AJB Discussed with R. Levin if ORC should join in the opposition to certification to

P.R. Supreme Court.

0.20

375.00/hr

75.00

SUBTOTAL: [ 30.90 9,307.50 ]

COMMITTEE GOVERNANCE AND ATTENDANCE AT MEETINGS

02/01/18 FDC Correspondence with M. Root regardihg the content of agenda for the next

Committee meeting and modification of agenda.

0.20

250.00/hr

50.00

02/05/18 FDC Correspondence with M. Root, R. Gordon and H. Mayol regarding the content

of the agenda of the February 7, 2018 meeting of the Official Committee and 

revisions to the agenda (.8); final revision of minutes and incorporation of

recommendations from A. J. Bennazar and H. Mayol to the documents (.9);

correspondence to all Committee members and professionals with the agenda

and documents (.3).

2.00

250.00/hr

500.00

FDC Correspondence with M. Root regarding progress report update and exhibits

(.3); review of progress report and exhibits (.4); translation to Spanish and 

review of Progress Report (3.1).

3.80

250.00/hr

950.00

HMK Read and edit draft of 1/19/18 Committee meeting. 0.20

375.00/hr

75.00

AJB Received from F. del Castillo and reviewed draft minutes of January 19 ORC

meeting and proposed agenda for the February 7 meeting. Provided my 

comments to F. del Castillo.

0.40

375.00/hr

150.00

02/06/18 FDC Conference call with J. Marchand regarding the preparation for the Committee

meeting on February 7, 2018.

0.30

250.00/hr

75.00

FDC Correspondence with M. Acevedo, Secretary of the Official Committee and 

review of changes to the minutes of the previous meeting of the Committee.

0.30

250.00/hr

75.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 8 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 8

02/06/18 FDC

AJB

AJB

02/07/18 FDC

FDC

HMK

HMK

AJB

AJB

02/08/18 HMK

AJB

02/09/18 FDC

02/12/18 FDC

Logistics, preparation of materials and review of documents for the February 7,

2018 meeting of the Official Committee.

In preparation for tomorrow's ORC meeting, received and read progress update

report; order to dismiss complaint in Adv. Proc. 189, Dkt. 124; order to

dismiss amended complaint in Adv. Proc. 156, Dkt. 121; Reply in support

joinder of ORC to FOMB's motion to dismiss in Adv. Proc. 219, Dkt. 59.

Several conferences throughout day with F. del Castillo on logistics for ORC

meeting tomorrow at the Sheraton Convention Center in San Juan. Reviewed

corrected drafts of proposed agenda and minutes of prior meeting.

Participated in meeting of the Official Committee.

Correspondence with R. Gordon, R. Levin, C. Wedoff, H. Mayol regarding cj

B); reviewed and made

Meeting with C. Steege and M. Root to discuss topics to bring to the attention

of the Committee.

Participate in regular meeting of the Committee.

Attended ORC meeting at the Sheraton Convention Center hotel in San Juan.

Receivec^nc^xaminechDroposecHnitiaMrafMranjK^/Vedof^nc^^Gorclon

■■■■■■■■■■■■■randedits by F. del 

Castillo, C. Wedoff, R. Levin, R. Gordon and C. Steege (Jenner).

Read and consider^

comments via email.

respond with

Received and read modified and corrected text of the 2nd draft letter of the

___________________________________________________ Steege, R.

Levin, C. Wedoff) and F. del Castillo. Also received memorandum from H.

Mayol on observations made by Sgt. J. Marin, ORC chair, and R. Gordon's

reaction.

Conference call with R. Gordon and H. Mayol regarding the representation of

PREPA retirees.

Conference call with J. Marchand regarding meeting with Official Committee

(.2); Conference call with H. Mayol and J. Marchand regarding next meeting of

Official Committee (.2).

Hrs/Rate Amount

1.50

250.00/hr

375.00

1.80

375.00/hr

675.00

0.80

375.00/hr

300.00

4.10

250.00/hr

1,025.00

0.80

250.00/hr

200.00

1.00

375.00/hr

375.00

4.00

375.00/hr

1,500.00

4.20

375.00/hr

1,575.00

0.70

375.00/hr

262.50

0.30

375.00/hr

112.50

0.40

375.00/hr

150.00

0.50

250.00/hr

125.00

0.40

250.00/hr

100.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 9 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 9

02/12/18 FDC £onferencecal^with R. Gordon and H. Mayol(_____________________

(.5); read and review email from R. Gordon to J. Marin

Id).

FDC Meeting with H. Mayoli

FDC Meeting with J. Marin and H. Mayol regarding

HMK Conference with R. Gordon and F. del Castillo to reflect positions of

Committee Chair and!

HMK Conference call with R. Gordon and F. del Castillo toi

HMK Meeting with Chair Marin and F. del Castillo to discuss Committee members'

02/13/18 HMK Read)

HMK Call R. Gordon withl

HMK Copy J. Marin andl

HMK Call!

AJB ReceivecHrorr^^Gordon (Jenner) and read updated and modified draft of

Received and examined edits proposed by C. Wedoff

and concerns of R. Levin. Participated in ensuing exchange of notes and 

memoranda on the proposed draft.

02/15/18 FDC Meetin^with

Mayol about same (.3).

HMK Read draft of UST letter by R. Gordon

(1.2); conference call with R. Gordon and H.

HMK Read email from Marini

HMK Call with Chairman Marin to|

Hrs/Rate Amount

0.60

250.00/hr

150,00

0.80

250.00/hr

200.00

1.00

250.00/hr

250.00

0.40

375.00/hr

150.00

0.70

375.00/hr

262.50

1.00

375.00/hr

375.00

0.10

375.00/hr

37.50

0.10

375.00/hr

37.50

0.20

375.00/hr

75.00

0.30

375.00/hr

112.50

0.90

375.00/hr

337.50

1.50

250.00/hr

375.00

0.10

375.00/hr

37.50

0.10

375.00/hr

37.50

0.20

375.00/hr

75.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 10 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 10

02/16/18 HMK Participate in conference call with A. J. Bennazar, F. Del Castillo and J. Marin

FDC Preparation of the minutes of the February 7, 2018 meeting of the Official

Committee.

02/23/18 FDC Meeting with J. Marchand, J. Marin, President of the Committee and other

members of the Official Committee to discuss the positions of the Committee

regarding several public issues affecting pension benefits.

02/26/18 HMK Discuss with Committee Chair Marin possible agenda for special meeting of

the committee.

AJB Received and read memorandum from F. del Castillo on a meeting held last

Friday by members of the ORC. Discussed with H. Mayol and F. del Castillo.

FDC Draft of email report to R. Gordon, M. Root, R. Levin, C. Steege, H. Mayol and 

A. J. Bennazar regarding the February 23, 2018 gathering of the members of

the Official Committee.

AJB Received, read and participated in exchange of notes and memoranda with M.

Root, R. Gordon, F. del Castillo and H. Mayol on in-person meetings in NYC 

this week with participation of ORC chairperson J. Marin.

02/28/18 FDC Continuation of preparation of the minutes of the February 7, 2018 meeting of

the Official Committee.

Hrs/Rate

0.30

375.00/hr

1.20

375.00/hr

0.40

375.00/hr

1.50

250.00/hr

4.00

250.00/hr

0.30

375.00/hr

0.40

375.00/hr

0.50

250.00/hr

1.60

375.00/hr

2.70

250.00/hr

SUBTOTAL: 48.60

COMMUNICATIONS WITH RETIREES

02/01/18 FDC Read and review email from F. Diaz regarding adding definitions to webpage of 0.50 

the Official Committee (.1); research for possible definitions (.3); 250.00/hr

correspondence with M. Root regarding definitions (.1).

02/05/18 FDC Correspondence with M. Schell and review of new material to be posted on the 0.30 

website of the Official Committee. 250.00/hr

FDC Research of terms and possible definitions and correspondence with M. Root 0.40

regarding a petition from Marchand ICS Group to include additional definitions 250.00/hr

of terms in the Official Committee website.

Amount

112.50

450.00

150.00

375.00

1,000.00

112.50

150.00

125.00

600.00

675.00

14,912.50]

125.00

75.00

100.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 11 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 11

02/05/18 FDC Correspondence with F. Diaz to provide additional definitions of terms to 0.60

website and research regarding the terms. 250.00/hr

FDC Correspondence with M. Noguera and answer of question posted in the 0.30

website of the Official Committee. 250.00/hr

02/09/18 FDC Correspondence with M. Schell and review of draft and made comments to 0.50

notice to be included in the Committee Website regarding the Bar Date Order. 250.00/hr

AJB Received fron^^teeg^nchreac^orrespondenc^'eceivec^ron^FSCME 0.30

Segal and response from R. Gordon (Jenner), J. Libauskas (Segal) and H.

Mayol.

02/13/18 FDC Correspondence with R. Gordon regarding interview by El Nuevo Dia of 0.20

members of the Official Committee. 250.00/hr

FDC Correspondence with M. Schell regarding bar date motion and the information 0.50

to be posted on the website of the Official Committee. 250.00/hr

FDC Correspondence with M. Noguera and answer of several questions posted in 1.00

the website of the Official Committee. 250.00/hr

Hrs/Rate

AJB Exchange of notes with H, Mayol and R. Gordon (Jenner) on upcoming 0.40

375.00/hr

02/14/18 FDC Correspondence with M. Noguera and answer of question posted in the 0.30

website of the Official Committee. 250.00/hr

02/20/18 FDC Correspondence with F. Diaz with additional definitions to include in website of 0.30

the Official Committee. 250.00/hr

02/21/18 FDC Correspondence with M. Noguera regarding question posted in website and 0.30

draft of answer. 250.00/hr

FDC Correspondence with M. Root and M. Schell regarding message for webpage 0.40

regarding Bar date Order and modifications to document. 250.00/hr

02/22/18 FDC Correspondence with M. Noguera regarding update of the Frequently asked 1.30

questions; review of questions, modifications and update of answers. 250.00/hr

02/27/18 FDC Correspondence with M. Noguera and translation of titles of motions filed by 0.20

the Official Committee to be posted on website. 250.00/hr

02/28/18 FDC Correspondence with M. Schell and review of additional glossary of terms. 0.20

250.00/hr

FDC Correspondence with M. Noguera regarding several questions received in the 0.60

Website of the Official Committee and draft of standard answer. 250.00/hr

Amount

150.00

75.00

125.00

112.50

50.00

125.00

250.00

150.00

75.00

75.00

75.00

100.00

325.00

50.00

50.00

150.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 12 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 12

Hrs/Rate

02/28/18 FDC Correspondence with M. Noguera regarding question posted in website and 

draft of several answers to participants.

0.70

250.00/hr

FDC Correspondence to R. Levin, R. Gordon, C. Steege, M. Root, H. Mayol and A. 0.50

J. Bennazar regarding certain retiree claims against the retirement systems 250.00/hr

and the requirement to file proof of claim.

AJB Received and read memorandum from F. del Castillo on questions being 0.70

received by the ORC from individual retirees who have received Judge Swain's 375.00/hr

bar date order. Discussed with F. del Castillo. Received and read ensuing

exchange of memoranda between Jenner and Bennazar teams.

SUBTOTAL: [ 10.50

CONTESTED MATTERS-GO / COFINA

02/09/18 HMK Meet with F. del Castillo on|

FDC Meet with H. Mayol on(

02/21/18 HMK Write email reply with edit of motion for summary judgement.

HMK Read final draft of motion for summary judgement.

02/24/18 AJB Received and read UCC's preliminary objection to the motion of the PBA

Funds for the payment of rent, Dkt. 3283.

0.40

375.00/hr

0.40

250.00/hr

0.10

375.00/hr

0.30

375.00/hr

0.40

375.00/hr

SUBTOTAL: [ 1.60

COURT HEARINGS

02/02/18 AJB Read the several informative motions filed by the parties who will participate at 0.40

the February 7-8 Omnibus Court hearings in San Juan. 375.00/hr

02/04/18 AJB Received and read FOMB's omnibus reply to objections to Commonwealth's 3.20

request for order authorizing post-petition secured financing to PREPA, Dkt. 375.00/hr

2395; PREPA's opposition to cross motion to intervene by GO Bondholders,

Dkt. 2396 and FOMB's related motions, Dkts. 2397 and 2398, all to be

discussed at February 7 omnibus hearing.

02/06/18 AJB Received and read notice of agenda for tomorrow's omnibus hearing, Dkt. 0.40

2407. In the afternoon, amended agenda, Dkt. 2419. 375.00/hr

Amount

175.00

125.00

262.50

2,800.00 ]

150.00

100.00

37.50

112.50

150.00

550.00 ]

150.00

1.200.00

150.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 13 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 13

Hrs/Rate

02/07/18 HMK Attend Omnibus Hearing in San Juan District Court. 1.00

375.00/hr

SUBTOTAL: [ 5.00

ERS BOND ISSUES

02/23/18 FDC Correspondence with M. Root and legal analysis of the modification of 0.50

employer contributions through different legislations and draft of memorandum. 250.00/hr

02/24/18 FDC Continued legal analysis of the modification of employer contributions through 2.30

different legislations and draft of memorandum. 250.00/hr

SUBTOTAL: [ 2.80

ERS DECLARATORY JUDGMENT ADVERSARY

02/22/18 AJB Exchange of memoranda with M. Root (Jenner) and F. del Castillo on P.R.'s 2.20

Act 116 of 20111 and Act 447 of 2014 in the context of the alleged transfer of 375.00/hr

the right to receive employees contributions to the Commonwealth, vis-a-vis

the termination of employer contributions altogether. Conference with F. del

Castillo and further reading of the applicable acts.

SUBTOTAL: 2.20

FISCAL PLAN/PLAN OF ADJUSTMENT

02/02/18 FDC Read email from L. Park and review attached presentation from FTI regarding 0.50

the latest Fiscal Plan presented by the Commonwealth of Puerto Rico. 250.00/hr

02/03/18 AJB Received and examined draft fiscal plan presented to FOMB by AAFAF dated 1.70

January 24, to be discussed today with AAFAF. 375.00/hr

02/05/18 FDC Read and review letters from the Oversight Board to the Governor indicating 0.80

that the 3 fiscal plans are in violation of PROMESA (.4); correspondence with 250.00/hr

S. Gumbs, R. Gordon, M. Root and H. Mayol regarding the letters from the

FOMB (.4).

AJB Received and read exchange of correspondenc^etweer^Gordon^^^^ 0.30

Steeqe and L. Harrison (Jenner) 375.00/hr

_____________________________________ Note to F. del Castillo and C.

Ramirez on P.R. case law research that needs to be made.

CRI Received and readnotefromAJBonPjRjCaselawresearchthatneeds to be 0.30

made regarding^lHIHil^H^Hi^lH^HHIHiil^H^HB

Amount

375.00

1,875.00]

125.00

575.00

700.00 ]

825.00

825.00 ]

125.00

637.50

200.00

112.50

45.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 14 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 14

Hrs/Rate Amount

02/06/18 FDC Correspondence with K. Nichols, R. Levin, S. Gumbs, R. Gordon, M. Root and 0.40

H. Mayol regarding the letters from the FOMB. 250.00/hr

AJB Received from Liz Parks

_______________ Received and read comments from F. del Castillo and

ensuing exchange of notes between him and Liz Parks (FTI), R. Gordon

(Jenner) and K. Nicoll (Segal).

2.20

375.00/hr

AJB Received and examined memoranda from C. Steege on 3 fiscal plan violation 1.40

letters issued by FOMB, insisting on pension reductions. Read the 375.00/hr

Commonwealth, PRASA and PREPA letters. Briefly discussed with H. Mayol.

Exchange of notes with R. Gordon, C. Steege, R.Levin (Jenner) and J.

Marchand.

100.00

825.00

525.00

02/07/18 FDC Read and review emails from R. Gordon, M. Root and C. Steege regarding

response to FOMB violation letter.

0.30

250.00/hr

75.00

AJB Received and read memorandum from R. Gordon (Jenner) on results of his 0.60

communications with FOMB's counsel on the fiscal plan violation letters sent 375.00/hr

by FOMB to the Commonwealth and proposed pronouncement of the ORC on

FOMB's reiteration on proposed pension cuts, and ensuing comments by S.

Gumbs (FTI), J. Marchand, M. Root and C. Steege (Jenner).

02/12/18 AJB Read exchan

on

L. Harrison and R. Levin

Discussed with F. del Castillo

3.20

375.00/hr

225.00

1,200.00

02/13/18 AJB Received memoranda from R. Gordon on AAFAF's revised draft of the new

fiscal plan. Read the revised draft issued February 12 by AAFAF and briefly

discussed with F. del Castillo and H. Mayol.

2.40

375.00/hr

900.00

02/14/18 FDC Conference call with R. Gordon, R. Levin, M. Root, C. Steege, Sean Gumbs,

L. Park, H. Mayol and A. J. Bennazar regarding new version of the Fiscal Plan

of the Commonwealth of Puerto Rico.

0.80

250.00/hr

200.00

HMK Participate in Conference call with FTI on analysis of revised Fiscal Plan. 0.80

375.00/hr

300.00

AJB Received from C. Steege and read FOMB's (N. Jaresko) letter to

Commonwealth government on the Puerto Rico Institute of Statistics (PRIS), 

and ensuing exchange of notes between R. Gordon, M. Root (Jenner), S.

Gumbs (FTI) and H. Mayol.

0.20

375.00/hr

75.00

02/21/18 HMK Read and consider request by S. Wohl on proposed new healthcare model. 0.10

375.00/hr

37.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 15 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 15

Hrs/Rate

02/21/18 HMK Write email to S. Wohl with information on healthcare plan status. 0.10

375.00/hr

HMK Call with W. Dobek of Puerto Rico Medicaid office to inquire on status of new 0.20

healthcare model. 375.00/hr

02/28/18 AJB Received and read memorandum from R. Gordon attaching the 3.10

375.00/hr

AJB At the offices of Jenner & Block, meeting with C. Steege, R. Levin, R. Gordon, 3.70

M. Root, Sgt. J. Marin (ORC Chair), H. Mayol, F. del Castillo, S. Gumbs, Dora 375.00/hr

Grunwald, and Liz Parks (FTI), to examine and!

SUBTOTAL: [ 23.10

GO BOND ISSUES

02/28/18 AJB Received from F. del Castillo the diary of sessions (Diario de sesiones) of the 2.90

Commonwealth's Constitutional Convention and continued research on 375.00/hr

legislative intent and context of the GO bonds presumptive "constitutional

priority". Conference with C. Ramirez re: same.

CRI Research on the diary of sessions of the Commonwealth's Constitutional 3.60

Convention and continued research on legislative intent and context of the GO 150.00/hr

Bonds presumptive "constitutional priority". Discussed with AJB.

SUBTOTAL: 6.50

MEDIATION

02/01/18 FDC Call

regarding'

(.5); Read and review email from L. Park

FDC Read and review email and 

HMK Participator!!

02/02/18 FDC Participated

FDC Meeting with J. Marin, A. J. Bennazar, H. Mayol and R. Gordon regarding the

Dreviousl

0.60

250.00/hr

0.50

250.00/hr

0.40

375.00/hr

2.00

250.00/hr

2.50

250.00/hr

Amount

37.50

75.00

1.162.50

1.387.50

8,245.00 ]

1,087.50

540.00

1,627.50]

150.00

125.00

150.00

500.00

625.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 16 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 16

02/02/18 FDC

HMK

HMK

AJB

AJB

AJB

AJB

AJB

02/03/18 HMK

AJB

FDC

02/05/18 FDC

FDC

FDC

Reachanchjeview emails from R. Levin, C. Steege and R. Gordon regarding the

Meet with R. Gordon, C. Steege, M. Root, F. del Castillo, A. J. Bennazar,

Chairman Jose Marin,

Attended1

Meeting at Jenner & Block with C. Steege, R. Gordon, M. Root, H. Mayol and

F. del Castillo tol

Received and read memorandum from R. Levin on

ReceivecHroml

Gordon (Jenner) re: same.

Brief conference with R.

Participate in presentation by AAFAF of the Revised Fiscal Plan to Creditor

Working Group.

Attended

Read and review email from R. Gordon regarding

Correspondence with R. Gordon regardingl

Correspondence with R. Gordon and R. Levin(

Hrs/Rate Amount

0.40

250.00/hr

100.00

2.00

375.00/hr

750.00

2.50

375.00/hr

937.50

2.00

375.00/hr

750.00

2.50

375.00/hr

937.50

0.10

375.00/hr

37.50

0.40

375.00/hr

150.00

0.20

375.00/hr

75.00

4.90

375.00/hr

1,837.50

4.90

375.00/hr

1,837.50

4.90

250.00/hr

1,225.00

0.20

250.00/hr

50.00

0.50

250.00/hr

125.00

0.60

250.00/hr

150.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 17 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 17

Hrs/Rate

02/05/18 AJB Following the discussion last Friday with

AJB Exchange of correspondence and memoranda with R. Gordon and F. del

Castillo onl

^Conference with F. del Castillo.

02/09/18 FDC from Judge Atlas and C. Steege regarding the(

FDC Read and review email from L. Park with

HMK Read and consider memo byi

HMK Read and consider emails from

AJB Received and read letter to

02/11/18 HMK Read and consider various

02/12/18 HMK Meet via conference1

AJB Conference with

AJB Read memorandum from M. Root

AJB Received and read1

02/13/18 AJB Exchange of memoranda with R. Gordon (Jenner), H. Mayol on

0.60

375.00/hr

0.80

375.00/hr

0.20

250.00/hr

0.20

250.00/hr

0.20

375.00/hr

0.30

375.00/hr

0.30

375.00/hr

0.60

375.00/hr

0.90

375.00/hr

0.90

375.00/hr

2.80

375.00/hr

0.30

375.00/hr

0.30

375.00/hr

Amount

225.00

300.00

50.00

50.00

75.00

112.50

112.50

225.00

337.50

337.50

1,050.00

112.50

112.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 18 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 18

Hrs/Rate

CRI 0.60

150.00/hr

02/14/18 FDC 0.60

250.00/hr

FDC Conference calhMtMRAevin^^Root^^teege^^/layol, C. Ramirez and 0.80

BennazarflHIHHHHHflHilflHIR

HMK jgyOTdVY^ytojrazar and F. del Castillo^

HMK ^gg|a^in professionals conference call on(

AJB Received and read draftl

0.60

375.00/hr

0.80

375.00/hr

1.40

375.00/hr

Amount

150.00

525.00

600.00

150.00

712.50

125.00

90.00

270.00

150.00

200.00

225.00

300.00

525.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 19 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 19

02/14/18 AJB T/C with M. Root^^teegeJR^ojrlorWJennertJHJVlayol^^jJe^astillo and 0.80

Hrs/Rate

CRI T/C with M. Root^^Steeoe^^ordorWJennertJ^Vlayol^^e^astillo^nd 0.80

A. J. BennazarflHlHHHHiHMUflflHHMmHHHI

0.60

250.00/hr

FDC Meet with A. J. Bennazar and H. Mayol on1

02/15/18 FDC Correspondence with L. Park and H. Mayol regarding PR 0.30

250.00/hr

HMK Read and consider! 0.40

375.00/hr

02/20/18 FDC Meeting with H. Mayol and A. J. Bennazar| 0.50

250.00/hr

FDC Call ini 0.50

250.00/hr

HMK Participate in(

AJB Meeting with|

0.50

375.00/hr

0.50

375.00/hr

HMK Meeting with A. J. Bennazar and F. del Castillo regarding the|

02/22/18 AJB Received from R. Gordon and examined his memorandum

02/23/18 FDC Read and review note from

0.50

375.00/hr

0.80

375.00/hr

0.10

250.00/hr

02/25/18 FDC Read and review noticel 0.10

250.00/hr

02/26/18 AJB Received and read memorandum! 0.10

375.00/hr

Amount

300.00

120.00

150.00

75.00

150.00

125.00

125.00

187.50

187.50

187.50

300.00

25.00

25.00

37.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 20 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 20

Hrs/Rate

02/26/18 AJB Reviewed!

AJB Received and read R. Gordon's

02/27/18 HMK Attend^

HMK Meet Committee professionals and Chai(

HMK Attend^

AJB Received and readl

AJB Intheevening^

FDC Attended!

FDC Attended!

AJB In NYC(

AJB Afternoon!

AJB Meeting at Jenner & Block with R. Levinj_Ci-Steegej-R^3oretonJV!JRoot^gt.

J. Marin, H. Mavol and F. del Castillo tol

1.20

375.00/hr

0.40

375.00/hr

2.50

375.00/hr

3.00

375.00/hr

2.00

375.00/hr

0.10

375.00/hr

0.10

375.00/hr

2.00

250.00/hr

2.50

250.00/hr

2.60

375.00/hr

2.70

375.00/hr

2.80

375.00/hr

FDC Meeting with R. GordomJJVIarirV^^vinJVI^oot^T Steege, H. Mayol and 3.00

Bennazar dBHiHlUlBiiiHflB

FDC Meeting with R. GordomJJVIarin^^^vinJVI^oot^^teege, H. Mayol and 3.00

A. J. Bennazar

FDC Reac^nchreviewl

02/28/18 HMK Attend Professionals meeting to discuss!

0.20

250.00/hr

2.00

375.00/hr

Amount

450.00

150.00

937.50

1.125.00

750.00

37.50

37.50

500.00

625.00

975.00

1,012.50

1.050.00

750.00

750.00

50.00

750.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 21 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 21

Hrs/Rate

02/28/18 FDC Meeting with R. Gordon, J. Marin, R. Levin, M. Root^^teege>UMavol^ 2.50

J. Bennazar, S. Gumbs, L. Park and D. Grunwald^HHHHHHHB 250.00/hr

AJB Attend Professionals meeting to discuss information^ 2.50

375.00/hr

SUBTOTAL: [ 94.90

NON-WORKING TRAVEL TIME

02/01/18 FDC Flight from San Juan to New York to attend mediation sessions. 5.40

125.00/hr

HMK Travel from SJU (10:00 AM) to NYC (arrive 4:00 PM) to attend mediation and 6.00

Fiscal Plan review. 187.50/hr

AJB Travel from San Juan to NYC to attend mediation sessions. 5.40

187.50/hr

02/04/18 FDC Flight from New York to San Juan to return from mediation sessions. 5.50

125.00/hr

HMK Travel from New York Sheraton (9:00 AM) to San Juan (arrive 3:00 PM) return 5.50

from mediation and Fiscal Plan review. 187.50/hr

AJB Return trip to San Juan, Puerto Rico. 4.80

187.50/hr

02/26/18 HMK Travel from San Juan to New York to attend mediation sessions. 6.00

187.50/hr

AJB Traveled from San Juan to NYC to participate in mediation sessions. 5.80

187.50/hr

FDC Flight from Puerto Rico to New York City. 5.40

125.00/hr

02/28/18 HMK Return travel from New York to San Juan. 6.00

187.50/hr

SUBTOTAL: 55.80

PENSION ANALYSIS

02/01/18 FDC Read email from 0.30

250.00/hr

Amount

625.00

937.50

31,142.50 ]

675.00

1,125.00

1.012.50

687.50

1,031.25

900.00

1,125.00

1.087.50

675.00

1,125.00

9,443.75]

75.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 22 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 22

02/01/18 FDC

02/02/18 FDC

02/03/18 FDC

AJB

02/05/18 FDC

HMK

HMK

AJB

FDC

02/06/18 FDC

FDC

HMK

AJB

02/08/18 HMK

Conference with A rudence on

Correspondence with M. Marazzi, S. Gumbs and L. Park to arrange a meeting

Discuss ERS, TRS and JRS PR Supreme Court decisions with F. del Castillo,

analyze differing positions of the court in each.

Received and read memorandum from F. del Castillo on results of his research

of questions posed by R. Gordon (Jenner) on the Commonwealth's obligations

to pensioners under the "Pay-as-you-go" system, and comments from H.

Mayol.

Meet with|__________________________

FTI on fiscal plan economic assumptions.

Iwith

Hrs/Rate Amount

0.50

250.00/hr

125.00

0.10

250.00/hr

25.00

0.90

250.00/hr

225.00

0.80

375.00/hr

300.00

0.30

250.00/hr

75.00

0.40

375.00/hr

150.00

1.00

375.00/hr

375.00

2.90

375.00/hr

1,087.50

0.50

250.00/hr

125.00

0.30

250.00/hr

75.00

5.40

250.00/hr

1,350.00

2.00

375.00/hr

750.00

0.20

375.00/hr

75.00

1.30

375.00/hr

487.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 23 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 23

02/09/18 FDC

02/14/18 FDC

FDC

HMK

HMK

FDC

02/15/18 HMK

HMK

HMK

02/21/18 FDC

02/22/18 FDC

02/23/18 HMK

HMK

02/24/18 AJB

Read and review email from J. Libauskas from Segal Consulting regarding the

progress of obtaining information from the actuaries of the retirement systems.

Conference call with L. Benabe, the Jenner team and FTI team regarding

Conference call with H. Mayol and L. Benabe regarding!

Conference call with L. Benabe

Jenner and FTI professionals

Review with F. del Castillo

J. Marchand of Marchand ICS. ineludinc

Review with H. Mayol

Read memo from Liz Parks on request from ZOLFO for information on ERS 

back office capabilities.

Read email from S. Gumbs with suggested changes!

Write response to question from ZOLFO regarding ERS/TRS structure tod.

Legal analysis and preparation of translation of the per curiam opinion of the

Supreme Court of Puerto Rico regarding pension benefits of the Employee

Retirement System. Forwarded to the Jenner team.

Readand review email from J. Marchand and attached!

Read and consider email from L. Park with further inquiry From Zolfo on ERS

and TRS.

Write email to L. park with response to Zolfo request.

Received and read memorandum from F. del Castillo explaining how the

sections dedicated to employer contributions in Act 447 have changed due to 

legislation approved after the POB's were issued and related documents. Read 

the laws and amendments cited in the memorandum (Acts 116-2011;

Hrs/Rate Amount

0.50

250.00/hr

125.00

0.50

250.00/hr

125.00

0.50

250.00/hr

125.00

0.50

375.00/hr

187.50

0.60

375.00/hr

225.00

0.60

250.00/hr

150.00

0.20

375.00/hr

75.00

0.30

375.00/hr

112.50

0.40

375.00/hr

150.00

3.50

250.00/hr

875.00

0.40

250.00/hr

100.00

0.10

375.00/hr

37.50

0.20

375.00/hr

75.00

1.90

375.00/hr

712.50

447-2012;3-2013).

SUBTOTAL: [ 27.10 8,375.00 ]

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 24 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 24

UTIER ADVERSARY PROCEEDING

02/13/18 AJB Received and read UTIER's omnibus opposition to defendants' motion to 

dismiss, Adv. Proc. 229, Dkt. 50.

SUBTOTAL:

FOR PROFESSIONAL SERVICES RENDERED

ADDITIONAL CHARGES:

EXPENSES:

AJB:

02/01/18 TRAVEL EXPENSES: GROUND TRANSPORT TAXI FROM JFK TO HOTEL

TRAVEL EXPENSES: TRAVEL SAN JUAN TO NY (FROM 2/1 TO 2/4/2018)

TRAVEL EXPENSES: HOTEL ACCOMMODATION

02/04/18 TRAVEL EXPENSES: GROUND TRANSPORT TAXI FROM HOTEL TO JFK

02/26/18 TRAVEL EXPENSES: TRAVEL SAN JUAN TO NY (FROM 2/26 TO 3/1/2018)

TRAVEL EXPENSES: HOTEL ACCOMMODATION

TRAVEL EXPENSES: GROUND TRANSPORT TAXI FROM JFK TO HOTEL

SUBTOTAL:

Hrs/Rate

1.20

375.00/hr

[ 1.20

341.70

[

HMK:

02/01/18 TRAVEL EXPENSES: GROUND TRANSPORT (HOME TO SJU AIRPORT)

TRAVEL EXPENSES: GROUND TRANSPORT (JFK TO HOTEL)

TRAVEL EXPENSES: GROUND TRANSPORT NY

Amount

450.00

450.00 ]

$97,481.25

67.06

744.80

717.63

71.50

1,009.80

609.84

71.06

$3,291.69]

18.95

58.56

68.56

TRAVEL EXPENSES: TRAVEL TO NY 306.74

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 25 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 25

Amount

02/01/18 TRAVEL EXPENSES: HOTEL ACCOMMODATION 545.60

02/02/18 TRAVEL EXPENSES: GROUND TRANSPORT (SHERATON TO PROSKAUER) 10.30

TRAVEL EXPENSES: GROUND TRANSPORT NY 9.23

02/03/18 TRAVEL EXPENSES: GROUND TRANSPORT (SHERATON TO PROSKAUER) 5.80

02/04/18 TRAVEL EXPENSES: GROUND TRANSPORT (SHERATON TO JFK) 75.00

02/26/18 TRAVEL EXPENSES: TRAVEL TO NY 558.83

TRAVEL EXPENSES: HOTEL ACCOMMODATION 609.04

TRAVEL EXPENSES: GROUND TRANSPORT (JFK TO SHERATON) 82.75

02/28/18 TRAVEL EXPENSES: GROUND TRANSPORT (SHERATON TO JFK) 68.56

SUBTOTAL: [ $2,417.92]

FDC:

02/01/18 TRAVEL EXPENSES: GROUND TRANSPORT NY 58.56

TRAVEL EXPENSES: TRAVEL AND HOTEL ACCOMMODATION 984.23

02/02/18 TRAVEL EXPENSES: GROUND TRANSPORT NY 9.30

02/04/18 TRAVEL EXPENSES: GROUND TRANSPORT NY 14.30

TRAVEL EXPENSES: BAGS FEE 25.00

02/26/18 TRAVEL EXPENSES: GROUND TRANSPORT NY 58.56

02/26/18 TRAVEL EXPENSES: BAGS FEE 25.00

TRAVEL EXPENSES: TRAVEL AND HOTEL ACCOMMODATION 1,007.02

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 26 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 26

03/01/18 TRAVEL EXPENSES: BAGS FEE

SUBTOTAL:

OFFICE EXPENSES:

02/06/18 DOCUMENT REPRODUCTION (EXTERNAL SERVICES): SIR SPEEDY

DOCUMENT REPRODUCTION

02/07/18 DOCUMENT REPRODUCTION (EXTERNAL SERVICES): ART TEK

INTERNAL REVENUE STAMPS: TRANSLATION OF DOCUMENTS

SUBTOTAL:

TOTAL ADDITIONAL CHARGES

TOTAL AMOUNT OF THIS BILL

FOR PROFESSIONAL SERVICES RENDERED THROUGH FEBRUARY 28, 2018

ATTORNEY SUMMARY:

Name

A. J. BENNAZAR ZEQUEIRA

A. J. BENNAZAR ZEQUEIRA

CARLOS R. RAMIREZ ISERN

FRANCISCO DEL CASTILO OROZCO

FRANCISCO DEL CASTILO OROZCO

HECTOR MAYOL KAUFFMANN

Hours Rate

106.00 375.00

16.00 187.50

24.00 150.00

110.20 250.00

16.30 125.00

45.70 375.00

23.50 187.50

Amount

34.00

[ $2,215.97]

24.08

18.00

120.42

141.00 

[ $303.50]

$8,229.08

$105,710.33

Amount

$39,750.00

$3,000.00

$3,600.00

$27,550.00

$2,037.50

$17,137.50

HECTOR MAYOL KAUFFMANN $4,406.25

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 27 of 111
BENNAZAR, GARCIA & MILIAN, C.S.P.

APARTADO POSTAL 194000 NUM. 212

SAN JUAN, PUERTO RICO 00919-4000

Telefono: (787) 754-9191

Fax: (787) 764-3101

maureen.quevedo@bennazar.org

bgm.csp@bennazar.org

Num. S.S. 66-0535704

May 8, 2018

Invoice #180301

OFFICIAL COMMITTEE OF RETIRED EMPLOYEES

MR. MIGUEL J. FABRE RAMlREZ 

CHAIRPERSON

RE: COMMONWEALTH OF PUERTO RICO

CASE NUMBER 17-BK-03283

FOR PROFESSIONAL SERVICES RENDERED THROUGH MARCH 31, 2018

Hrs/Rate Amount

AMBAC/ASSURED ADVERSARY PROCEEDING

03/12/18 AJB Received and read objections of assured Guaranty Corp. et als to order issued

by Judge Dein, Dkt. 2707, and attached documents.

0.40

375.00/hr

150.00

03/23/18 AJB Received and read the Commonwealth's response to objections' of Assured

Guaranty Corp. et als' to February 26 order, Dkt. 2798.

0.50

375.00/hr

187.50

03/26/18 AJB Received and read Assured Guaranty et als' informative motion regarding recent

authority supporting objections to Magistrate Dein's order of February 26, Dkt.

2815 and supporting documents 2815-1 and 2815-2.

0.80

375.00/hr

300.00

SUBTOTAL: [

CASE ADMINISTRATION

1.70 637.50

03/02/18 FDC Read and review email from R. Gordon and R. Levin regarding near term issues

to be attended by the professionals of the Official Committee.

0.20

250.00/hr

50.00

FDC Read and review dockets in Case:17-03283-LTS: Doc#:2650 Filed:03/02/18 (.3);

Doc#:2652 Filed:03/02/18 (.3).

0.60

250.00/hr

150.00

AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2610-2646.

0.20

375.00/hr

75.00

03/05/18 FDC Read and review dockets in case Case: 17-03283-LTS: Doc#:2661

Filed:03/05/18 (.1); Doc#:2664 Filed:03/05/18 (.1).

0.20

250.00/hr

50.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 28 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 2

Hrs/Rate Amount

03/06/18 FDC Read and review dockets in Case:17-03283-LTS: Doc#:2673 Filed:03/06/18 &

Doc#:2675 Filed:03/06/18 (.1); Doc#:2679 Filed:03/06/18 (.2); Doc#:2680

Filed:03/06/18 (.1).

0.40

250.00/hr

100.00

AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2660-2671.

0.10

375.00/hr

37.50

03/07/18 FDC Read and review dockets in Case:17-03283-LTS Doc#:2685 Filed:03/07/18 (.1);

Doc#:2692 Filed:03/07/18 (.2).

0.30

250.00/hr

75.00

FDC Conference call with H. Mayol and R. Gordon regarding the day court hearing

and pending issues.

0.60

250.00/hr

150.00

FDC Attend meeting with Fee Examiner regarding guidelines. 1.00

250.00/hr

250.00

HMK Call with R. Gordon to update on Fee Examiner guidelines for case. 0.60

375.00/hr

225.00

HMK Attend briefing by UST Fee Examiner with Local Counsel with F. del Castillo

and C. Ramirez.

1.00

375.00/hr

375.00

AJB Received and examined updated master service list. 0.20

375.00/hr

75.00

03/11/18 FDC Read and review email from R. Levin and responses from R. Gordon and C.

Steege regarding email from the legal counsel of the Unsecured Committee of

Creditors.

0.50

250.00/hr

125.00

03/12/18 FDC Case:17-03283-LTS Doc#:2707 Filed:03/12/18 (.2); Case:17-03283-LTS 

Doc#:2708 Filed:03/12/18 (.1)

0.30

250.00/hr

75.00

03/13/18 FDC Read and review docket in Case:18-00024-LTS Doc#:1 Filed:03/13/18 (.2). 0.20

250.00/hr

50.00

HMK Read Fee Examiner Protective Order to be signed, forward to A. J. Bennazar for

consideration and approval.

0.20

375.00/hr

75.00

AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2703-2708.

0.10

375.00/hr

37.50

03/14/18 FDC Read and review email from R. Gordon regarding communication with US

Trustee regarding the representation of PREPA retirees and replies from S.

Gumbs and K. Nicholl.

0.20

250.00/hr

50.00

03/15/18 FDC Read and review docket in Case:18-00021-LTS Doc#:29 Filed:03/15/18 (.1). 0.10

250.00/hr

25.00

03/16/18 FDC Read and review docket in Case:17-03283-LTS Doc#:2717 Filed:03/16/18 (.2). 0.20

250.00/hr

50.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 29 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 3

03/16/18 FDC Read and review docket in Case: 18-00021-LTS Doc#:39 Filed:03/16/18 (.1);

Doc#:37 Filed:03/16/18 (.2); Doc#:41 Filed:03/16/18 (.2).

AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2709-2716.

AJB Received and read notice of presentment of order further amending case

management procedures Dkt. 2717 with draft proposed order.

03/19/18 FDC Conference call with R. Levin, R. Gordon, M. Root, C. Steege, A. J. Bennazar,

H. Mayol and Carlos Ramirez - ERS and COFINA.

FDC Meeting with A. J. Bennazar, C. Ramirez and H. Mayol - COFINA and ERS

adversary cases.

03/20/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2717-2761.

03/21/18 FDC Read and review docket in Case:18-00021-LTS: Doc#:46 Filed:03/21/18 (.1);

Doc#:48 Filed:03/21/18 (.2); Doc#:50 Filed:03/21/18 (.2).

03/22/18 FDC Correspondence with M. Root, R. Gordon, R. Levin, C. Steege and H. Mayol

FDC Read and review case:17-03283-LTS Doc#:2783 Filed:03/22/18.

HMK Correspondence with M. Root, R. Gordon, R. Levin, C. Steege and F. del

Castillo^

AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2762-2782.

03/23/18 FDC Read and review case: 18-00021-LTS Doc#:62 Filed:03/23/18.

FDC Read and review docket in Case:17-03283-LTS Doc#:2798 Filed:03/23/18.

03/26/18 FDC Read and review docket in Case:17-03283-LTS Doc#:2815 Filed:03/26/18.

FDC Read and review Executive Order to place the Employees Retirement System of

the Puerto Rico Electric Power Authority under the receivership.

03/28/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2783-2817.

03/29/18 FDC Read and review dockets in Case:17-03283-LTS Doc#:2828 Filed:03/29/18 (.2).

Hrs/Rate Amount

0.50

250.00/hr

125.00

0.10

375.00/hr

37.50

0.60

375.00/hr

225.00

1.00

250.00/hr

250.00

1.30

250.00/hr

325.00

0.20

375.00/hr

75.00

0.50

250.00/hr

125.00

0.50

250.00/hr

125.00

0.40

250.00/hr

100.00

0.50

375.00/hr

187.50

0.30

375.00/hr

112.50

0.10

250.00/hr

25.00

0.10

250.00/hr

25.00

0.10

250.00/hr

25.00

0.60

250.00/hr

150.00

0.40

375.00/hr

150.00

0.20

250.00/hr

50.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 30 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 4

Firs/Rate

03/29/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2818-2826.

0.20

375.00/hr

SUBTOTAL: [ 14.80

COFINA/COMMONWEALTH ADVERSARY PROCEEDING

03/01/18 FDC Read and review order in Case:17-00257-LTS Doc#:344 Filed:03/01/18. 0.10

250.00/hr

FDC Read and review emails from R. Gordon and H. Lindsay regarding Puerto Rico

constitutional issues.

0.20

250.00/hr

03/02/18 FDC Read and review emails from R. Gordon and H. Mayol regarding Puerto Rico

constitutional issues.

0.20

250.00/hr

03/03/18 FDC Read and review Motion for Summary Judgement Case:17-00257-LTS 

Doc#:345-1 Filed:03/05/18.

0.40

250.00/hr

03/06/18 AJB Received and read UCC, acting as agent for Commonwealth, notice of filing of 

unedacted version of motion for summary judgment.

0.40

375.00/hr

03/07/18 AJB Received and examined the Ad hoc group of GO bondholders' motion for 

summary judgment in Adversary Proceeding 257, Dkt. 345 et seq.

0.90

375.00/hr

03/08/18 AJB Read motion for summary judgment of the General obligations bondholders and

exhibits.

2.60

375.00/hr

AJB Received and read memorandum of law in support of motion for summary 

judgment filed by the Cofina agent in adversary proceeding 257, Dkt. 317 (.9);

and the memorandum of law of senior Cofina bondholders, Dkt. 307 (1.2)

2.10

375.00/hr

AJB Received memorandum from R. Levin (Jenner) with the draft of ORC opposition

to motions for summary judgment of the Cofina agent and the Cofina Senior 

bondholders and reviewed draft for accuracy of PR law citations. Discussed with

C. Ramirez.

3.20

375.00/hr

03/11/18 AJB Received and read Commonwealth agent's motion for leave regarding omnibus

objection to motions for summary judgement in Adversary Proceeding 257, Dkt.

350.

0.20

375.00/hr

03/13/18 FDC Read and review email from R. Levin and attachment of draft of Revised COFINA

SJ Opposition.

0.30

250.00/hr

AJB Received memorandum from R. Levin with final draft of ORC memorandum of 

law in opposition to the Cofina Agent's motion for summary judgement; and

provided him with my comments. Exchange of notes with H. Mayol, C. Ramirez 

and R. Levin re: same.

1.40

375.00/hr

Amount

75.00

4,287.50 ]

25.00

50.00

50.00

100.00

150.00

337.50

975.00

787.50

1,200.00

75.00

75.00

525.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 31 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 5

Hrs/Rate Amount

03/14/18 FDC Read and review draft of Reply for COFINA Summary Judgment Motion from the

Official Committee.

0.20

250.00/hr

50.00

FDC Read and review docket in Case:17-00257-LTS Doc#:370 Filed:03/14/18 (.3);

Doc#:371 Filed:03/14/18 (.5).

0.80

250.00/hr

200.00

AJB Received and read Commonwealth agent's omnibus opposition to Cofina parties'

motions for summary judgment and related documents, Adversary Proceeding

257, Dkt. 371.

1.10

375.00/hr

412.50

AJB Received and read Ambac's joinder and further opposition to motions for 

summary judgment, Adversary Proceeding 257, Dkt. 370.

0.60

375.00/hr

225.00

03/15/18 FDC Correspondence with R. Levin and review of attachments regarding the COFINA

Summary Judgment Motions.

0.60

250.00/hr

150.00

CRI Meeting with AJB to discuss COFINA Bondholders response to Petition for

Summary Judgement.

0.50

150.00/hr

75.00

CRI Research proprietary rights vis a vis rights of title and possession. PR Act 56 of

2017. Informed AJB result of inquiry.

4.80

150.00/hr

720.00

AJB Received memorandum from R. Levin (Jenner) attaching other parties' motions

and briefs in reply to our (ORC) opposition to the Cofina parties' motions for 

summary judgment (Dkt. 300) disputing our interpretation of the P.R. Civil Code,

Adv. Proc. 257, Dkts. 355, 357 and 362. Began review of their legal arguments

with respect to P.R. civil law to support response.

3.80

375.00/hr

1,425.00

03/19/18 CRI Meeting with AJB regarding Summary Judgement petition response. 0.40

150.00/hr

60.00

CRI Research and wrote draft memorandum on "property rights" argument for use in

our response. AJB informed, discussed draft.

6.70

150.00/hr

1,005.00

AJB Received and examined Commonwealth Agent's motion to exceed page limits

in their reply in support of summary judgment, Adv. Proc. 257, Dkt. 380.

0.10

375.00/hr

37.50

AJB Worked with C. Ramirez on a draft memorandum of law to be forwarded to R.

Levin for use in the ORC reply to Cofina parties' interpretation of the PR Civil

Code. Reviewed several drafts and approved final text. Memorandum forwarded

to R. Levin (Jenner).

3.80

375.00/hr

1,425.00

03/20/18 FDC Correspondence with M. Root and read and review draft of Reply for COFINA

Summary Judgment Motion from the Official Committee.

0.40

250.00/hr

100.00

AJB Received from R. Levin (Jenner) draft of ORC updated reply memorandum of law 2.10 787.50

in support of motions for summary judgment. Reviewed for accuracy of P.R. law 375.00/hr 

citations. Forwarded my comments to R. Levin.

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 32 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 6

Hrs/Rate Amount

03/20/18 AJB Received and read comments to the draft memorandum of law by F. del Castillo

H. Mayol and C. Ramirez. Discussed with C. Ramirez.

0.40

375.00/hr

150.00

03/21/18 FDC Read and review docket in Case 17-00257-LTS: Doc#:388 Filed:03/21/18 (.3);

Doc#:391 Filed:03/21/18 (.3); Doc#:394 Filed:03/21/18 (.1); Doc#:397

Filed:03/21/18 & Doc#:398 Filed:03/21/18 (.3); Doc#:400 Filed:03/21/18 (.3).

1.30

250.00/hr

325.00

AJB Received and read joinder of Ambac to omnibus reply in support of motion for 

summary judgment by Cofina agent.

0.10

375.00/hr

37.50

03/22/18 AJB Received and read exchange of memoranda between S. Gumbs (FTI), R. Levin

(Jenner), F. del Castillo, H. Mavol and ORC chair J. Marin on status of

0.70

375.00/hr

262.50

IConference with F. del

Castillo re: same.

AJB Received and read Commonwealth agent's omnibus reply memorandum in 0.90 337.50

support of motion for summary judgement in Adv. Proc. 257, Dkt. 400, 375.00/hr

Commonwealth agent's response to senior Cofina counter-statement, Dkt. 401

and declaration in support of omnibus reply, Dkt. 402.

SUBTOTAL: [ 41.30 12,135.00]

COMMITTEE GOVERNANCE AND ATTENDANCE AT MEETINGS

03/01/18 FDC Correspondence with M. Root regarding the Committee members

reimbursement from October 2017 to January 2018.

0.10

250.00/hr

25.00

03/05/18 FDC Correspondence with J. Marin and M. Acevedo regarding the expense reports of

the Official Committee.

0.10

250.00/hr

25.00

03/06/18 FDC Correspondence with J. Marin regarding logistics of possible April 6, 2018

meeting of the Official Committee.

0.20

250.00/hr

50.00

FDC Meeting with H. Mayol regarding the agenda of the Official Committee. 0.50

250.00/hr

125.00

. HMK Meet with F. del Castillo to design agenda for upcoming Committee meeting. 0.50

375.00/hr

187.50

AJB Received and read exchange of memoranda between M. Root (Jenner) and F.

del Castillo on setting up the next regular ORC meeting, proposed venue and

agenda.

0.20

375.00/hr

75.00

03/07/18 AJB Received and read exchange of notes between F. del Castillo and M. Root

(Jenner) on logistics for the next in personam ORC meeting. Brief conference 

with F. del Castillo.

0.30

375.00/hr

112.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 33 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 7

03/11/18 FDC Final revision of proposed minutes in both languages of the February 7, 2018

meeting, preparation of attachments and documents to be included in meeting

of March 15, 2018.

03/12/18 FDC Meeting with H. Mayolto review the minutes of the February 7,2018 meeting of

the Official Committee.

FDC Conference call with R. Gordon, M. Root, H. Mayol and C. Steege regarding the

issues to be covered in the March 15, 2018 meeting of the Official Committee,

FDC Correspondence with members of the Official Committee and professionals to

deliver the agenda, minutes and multiple attachments to be discussed during

the March 15, 2018 meeting of the Official Committee.

FDC Continued working on draft of proposed minutes in both languages of the

February 7, 2018 meeting, additional corrections (2); Correspondence with M.

Root and H. Mayol regarding the agenda and materials to be included in the

March 15, meeting (.2); draft of agenda of March 15, 2018 meeting (.3);

Correspondence with J. Marin regarding the draft of February 7, 2018 and draft 

of agenda of March 15, 2018 meeting (.3).

HMK Meet with F. del Castillo to review minutes of 2/7/18 Committee meeting.

HMK Conference call with R. Gordon, C. Steege, M. Root and F. del Castillo on

3/15/18 Committee meeting agenda topics.

AJB Received and read memorandum from M. Root (Jenner) on agendas for

upcoming ORC meetings.

AJB Received from F. del Castillo and read draft of proposed minutes of February 7

ORC meeting. Provided my comments to F. del Castillo.

03/13/18 FDC Correspondence with members of the Committee regarding the expense report 

from October 2017 to January 2018.

HMK Read and review for approval Committee agenda and minutes.

HMK Conference call with Chair Marin to consider agenda topics for Committee 

meeting and communications strategies.

AJB Received and read proposed agenda and related documents for next ORC

meeting scheduled for March 15, including proposed minutes of the February 7

meeting. Forwarded my comments to F. del Castillo.

03/14/18 FDC Preparation of documents and logistics for March 15, 2018 meeting of the

Official Committee.

Hrs/Rate

2.00

250.00/hr

0.50

250.00/hr

0.70

250.00/hr

0.20

250.00/hr

2.80

250.00/hr

0.50

375.00/hr

0.70

375.00/hr

0.10

375.00/hr

0.30

375.00/hr

0.40

250.00/hr

0.20

375.00/hr

0.40

375.00/hr

0.40

375.00/hr

0.80

250.00/hr

Amount

500.00

125.00

175.00

50.00

700.00

187.50

262.50

37.50

112.50

100.00

75.00

150.00

150.00

200.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 34 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 8

03/15/18 FDC Attend meeting of the Official Committee and further conference with members

of the Committee.

HMK Attend ORC meeting.

AJB Received and read annotated agenda for ORC meeting provided by M. Root

(Jenner); note to H. Mayol re: same. Exchange of notes with R. Gordon and M.

Root (Jenner).

03/16/18 HMK Call with J. Marchand on topics for press release and press conference of the

Committee.

HMK Conference call with F. del Castillo, R. Gordon and M. Root regarding the

Court's March 12, 2018 order requesting supplemental submissions.

03/21/18 FDC Correspondence with R. Gordon, C. Steege and H. Mayol regarding

administrative issues of the Official Committee.

FDC Conference with A. J. Bennazar and H. May

FDC Conference call with J. Marin, R. Gordon, H. Mayol and A. J. Bennazar 

regarding administrative issues of the Official Committee (1.5); second

conference call with the previous parties regarding same (.4).

HMK Meet with F. del Castillo and A. J. Bennazar tol

HMK

HMK

Conference call with R. Gordon. F. del Castillo and J. Marini

Correspondence with R. Gordon, C. Steege and F. del Castillo regarding

administrative issues of the Official Committee.

HMK Conference call with R. Gordon, F. del Castillo and J. Marin to discuss contents

of email and courses of action with the Committee.

HMK

AJB

Call with J. Marin to confirm

Participated in two (2) conferences with H. Mayol, F. del Castillo and ORC chair 

Marin rel

Hrs/Rate Amount

3.00

250.00/hr

750.00

2.50

375.00/hr

937.50

0.30

375.00/hr

112.50

0.30

375.00/hr

112.50

1.20

375.00/hr

450.00

0.50

250.00/hr

125.00

0.20

250.00/hr

50.00

1.90

250.00/hr

475.00

0.20

375.00/hr

75.00

0.40

375.00/hr

150.00

0.50

375.00/hr

187.50

1.50

375.00/hr

562.50

0.10

375.00/hr

37.50

1.90

375.00/hr

712.50

0.50

375.00/hr

187.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 35 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 9

03/21/18 AJB

AJB

AJB

03/22/18 FDC

HMK

AJB

03/23/18 FDC

FDC

FDC

HMK

HMK

FDC

03/26/18 FDC

FDC

Received and read memorandum

Castillo.

Received an^xaminechTTemorandurr^fR Levin (Jenner) to all ORC members

and counselfl^UyjJJUUm Discussed with H. Mayol and F.

del Castillo.

Participated in several telephone conferences with J. Marin. R. Gordon, H.

Mayol and F. del Castillo re:(

Conference call with R. Gordon, R. Levin, M. Root, C. Steege, H. Mayol and A.

J. Bennazar regarding administrative issues of the Official Committee and

1(1.1); review of document sent by L. Park from FTI

Consulting regarding same (.2).

Conference call with R. Gordon, R. Levin, M. Root, C. Steege, F. del Castillo

and A. J. Bennazar regarding administrative issues of the Official Committee

"^1.1); review of document sent by L. Park from FTI

Consulting regarding same (.2).

Participated in conference call with C. Steege, R. Levin, R. Gordon, M. Root

(Jenner), H. Mayol and F. del Castillo onl

Read and review email and attachment from L. Park from FTI Consultants 

regarding PR Healthcare.

Conference with H. Mayol

administrative issues.

and other

Meet with F. del Castillo to consider

Call with F. del Castillo and J. Marin

Call with H. Mayol and J. Marin

Correspondence with H. Mayol and review of By Laws of the Official Committee.

Conference with A. J. Bennazar. C. Ramirez and H. Mayol regarding the

Hrs/Rate Amount

0.70

375.00/hr

262.50

0.80

375.00/hr

300.00

0.90

375.00/hr

337.50

1.30

250.00/hr

325.00

1.30

375.00/hr

487.50

1.30

375.00/hr

487.50

0.40

250.00/hr

100.00

0.40

250.00/hr

100.00

0.50

250.00/hr

125.00

0.50

375.00/hr

187.50

0.50

375.00/hr

187.50

0.50

250.00/hr

125.00

0.40

250.00/hr

100.00

1.00

250.00/hr

250.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 36 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 10

03/26/18 HMK Retrieve Committee B-Laws in English and Spanish from e-file and forward to F.

del Castillo.

HMK Correspondence with F. del Castillo and review of By Laws of the Official

Committee.

HMK Conference A. J. Bennazar and F. del Castillo to consider steps in

HMK Conference of BGM team (Bennazar. Mayol, del Castillo. Ramirez) and Jenner

Team (Levin, Steege, Root) tol

CRI Conference with A. J. Bennazar, F. del Castillo and H. Mayol reqardinq the

AJB Participated in conference call with R. Levin, C. Steege. M. Root (Jenner). H.

MayoL F. del Castillo and C. Ramirezl

03/27/18 FDC Conference call with C. NOfiez and H. Mayol regarding the next Official

Committee Meeting.

HMK Conference with F. del Castillo on Committee agenda.

HMK Call with C. Nufiez, F. del Castillo to review press reports and coordinate

Extraordinary Committee meeting date.

FDC Conference with H. Mayol on Committee agenda.

AJB Received and read R. Gordon's memorandum to US Trustee Dan McDermott on

lack of PREPA retirees' representation in the ORC and supporting documents.

Discussed with H. Mayol and F. del Castillo.

Hrs/Rate Amount

0.10

375.00/hr

37.50

0.40

375.00/hr

150.00

1.00

375.00/hr

375.00

0.50

375.00/hr

187.50

1.00

150.00/hr

150.00

0.50

375.00/hr

187.50

1.00

375.00/hr

375.00

0.30

250.00/hr

75.00

0.20

375.00/hr

75.00

0.30

375.00/hr

112.50

0.20

250.00/hr

50.00

0.40

375.00/hr

150.00

SUBTOTAL: [ 43.30 13,650.00]

COMMUNICATIONS WITH RETIREES

03/01/18 FDC Read and review status report from Marchand ICS Group meeting of February

28, 2018.

0.10

250.00/hr

25.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 37 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 11

Hrs/Rate Amount

03/01/18 FDC Correspondence with J. Marchand, M. Noguera and M. Schell and review of 

document presented by Chairperson of the Official Committee regarding the bar

date order.

0.30

250.00/hr

75.00

FDC Correspondence with J. Marchand, M. Noguera and M. Schell and review of

document presented by Chairperson of the Official Committee regarding the bar

date order.

0.30

250.00/hr

75.00

03/02/18 FDC Correspondence with M. Root, R. Levin, R. Gordon and J. Marchand regarding a

question received from the retirement community.

0.30

250.00/hr

75.00

03/05/18 FDC Conference call with J. Marchand regarding including brochure in payroll of

retirees from the Employees Retirement System.

0.20

250.00/hr

50.00

FDC Correspondence with M. Noguera and draft of answer to question posted to the

Official Committee.

0.20

250.00/hr

50.00

FDC Read and review emails regarding the Primera Hora article of attorney providing

representation regarding the bar date order and filling of proof of claim.

0.20

250.00/hr

50.00

FDC Correspondence with J. Marchand, f. Diaz and M. Noguera regarding bar date

order and review / made changes to information to be posted on the website of

the Official Committee.

0.30

250.00/hr

75.00

HMK Write emails to Jenner and Bennazar teams on Bar Date Order questions by

Retirees and need to provide information.

0.20

375.00/hr

75.00

HMK Read and comment on draft of ad to be placed by the Committee in local paper,

write email to J Marchand.

0.30

375.00/hr

112.50

03/06/18 FDC Correspondence with M. Noguera and translation of title of motion to be posted

in website of Official Committee.

0.10

250.00/hr

25.00

FDC Conference call with retiree seeking information about the Bar Date Order. 0.20

250.00/hr

50.00

HMK Review last draft of newspaper ad and reply with comments. 0.20

375.00/hr

75.00

03/07/18 FDC Conference call with retiree seeking information about the Bad Date Order. 0.10

250.00/hr

25.00

FDC Met with retiree who visited our offices regarding the Bar Date Order. 0.20

250.00/hr

50.00

FDC Correspondence with J. Marchand and M. Noguera regarding information to be

published in local newspaper regarding the Bar Date Order.

0.20

250.00/hr

50.00

03/09/18 FDC Correspondence with M. Schell and review of posting on website regarding

comments of N. Jaresko.

0.20

250.00/hr

50.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 38 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 12

Hrs/Rate Amount

03/09/18 FDC Correspondence with M. Noguera and draft of answers to various questions 

received by Facebook and the webpage of the Official Committee.

0.70

250.00/hr

175.00

HMK Replied to various emails from Marchand ICS and suggested language for 

website Q&A section.

0.20

375.00/hr

75.00

03/12/18 FDC Conference call with J. Marchand regarding the inclusion of brochures in the

payroll slips of the retirees of ERS.

0.20

250.00/hr

50.00

FDC Conference call with J. Marchand regarding inserts to be included in the

Employees Retirement System (.2); Conference call with ERS contact person

to coordinate the necessary approvals for the insert (.1).

0.30

250.00/hr

75.00

03/13/18 FDC Correspondence with F. Diaz and draft of answers of several questions from

retirees received in Facebook and the website of the Official Committee.

1.10

250.00/hr

275.00

03/15/18 FDC Conference call with J. Marchand regarding the meeting of the Official

Committee and the press release.

0.10

250.00/hr

25.00

FDC Correspondence with M. Schell and J. Machand and revision of press release

from the Official Committee.

0.30

250.00/hr

75.00

FDC Correspondence with M. Schell and review of press release from the Official

Committee.

0.30

250.00/hr

75.00

03/16/18 FDC Correspondence with M. Noguera and review of additional terms to the glossary 

of the webpage.

0.10

250.00/hr

25.00

FDC Conference call with R. Gordon, H. Mayol, M. Root, J. Marchand and M. Schell

regarding the draft of the press release (.3); Correspondence with M. Schell and

J. Machand and revision of press release from the Official Committee (.4); read

and review email from M. Root with changes to the press release (.2).

0.90

250.00/hr

225.00

HMK Conference call with F. del Castillo, R. Gordon and M. Root on topics for

Committee press conference of 3/20/18.

0.30

375.00/hr

112.50

03/19/18 FDC Read and review email from M. Schell and attachments for press conference. 0.10

250.00/hr

25.00

03/20/18 FDC Correspondence with M. Noguera and review of new terms for the glossary of

the webpage of the Official Committee.

0.10

250.00/hr

25.00

FDC Correspondence with R. Gordon, M. Root, S. Gumbs and C. Steege regarding

the press conference of the Official Committee.

0.40

250.00/hr

100.00

FDC Conference call with J. Marchand regarding the press conference of the Official

Committee (.2); read and review emails from F. Diaz and M. Schell regarding

coverage of press conference (.2).

0.40

250.00/hr

100.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 39 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 13

Hrs/Rate Amount

03/21/18 FDC Conference call with J. Marchand regarding press Conference of the official

Committee.

0.20

250.00/hr

50.00

FDC Correspondence with M. Noguera, J. Marchand and M. Schell regarding

questions received in the website of the Official Committee.

0.60

250.00/hr

150.00

FDC Conference call with R. Gordon, C. Steege, M. Root, A. J. Bennazar, H. Mayol,

S. Gumbs and J. Marchand regarding the press conference of the Official

Committee.

0.80

250.00/hr

200.00

HMK Call with C. Steege, M. Root, F. del Castillo to discuss topics for upcoming

Committee press conference.

0.80

375.00/hr

300.00

03/22/18 FDC Correspondence with M. Noguera, J. Marchand and M. Schell regarding

questions received in the website of the Official Committee.

0.20

250.00/hr

50.00

03/23/18 FDC Correspondence with M. Root, R. Levin R. Gordon, C. Steege and H. Mayol

regarding comment received in the website of the Official Committee regarding a

survey to retirees.

0.40

250.00/hr

100.00

HMK Call with F. Arroyo at ERS Administration to inquire on mailings to Retirees and

email Marchand ICS with information.

0.20

375.00/hr

75.00

HMK Correspondence with M. Root, R. Levin R. Gordon, C. Steege and F. del

Castillo regarding comment received in the website of the Official Committee

regarding a survey to retirees.

0.40

375.00/hr

150.00

03/24/18 FDC Read and review correspondence from J. Marchand, M. Schell and F. Diaz of

Marchand ICS Group regarding the coverage of the release of the Fiscal Plan

and the effect over pension benefits.

0.50

250.00/hr

125.00

03/26/18 FDC Conference call with Roberto Aquino, President of the Puerto Government 

Pensioners Association and H. Mayol to coordinate responses to pensioners 

and press.

0.20

250.00/hr

50.00

FDC Conference call with H. Mayol and J Marchand to coordinate communications 

with the press.

0.20

250.00/hr

50.00

FDC Correspondence with F. Diaz, M. Schell and M. Acevedo regarding the inserts

to be distributed to ERS.

0.20

250.00/hr

50.00

FDC Conference call with Vice Chair C. Nunez and H. Mayol regarding

communications committee response to retiree questions.

0.10

250.00/hr

25.00

HMK Conference with F. del Castillo and J. Marchand to coordinate communications 

with the press.

0.20

375.00/hr

75.00

HMK Call with J. Marin to discuss request for press comments on CW Fiscal Plan. 0.10

375.00/hr

37.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 40 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 14

Hrs/Rate Amount

03/26/18 HMK Call with Vice Chair C. Nunez on communications committee response to

retiree questions.

0.10

375.00/hr

37.50

HMK Call with Roberto Aquino, President of the Puerto Government Pensioners

Association to coordinate responses to pensioners and press.

0.20

375.00/hr

75.00

03/27/18 FDC Correspondence with M. Noguera and draft of answers to various questions 

received by Facebook and the webpage of the Official Committee.

0.50

250.00/hr

125.00

FDC Conference with H. Mayol regarding the agenda of extraordinary meeting of the

Committee.

0.20

250.00/hr

50.00

03/28/18 HMK Conference call with F. del Castillo, S. Gumbs, R. Levin, C. Steege, M. Root

and L. Park from FTI to discuss COFINA - Commonwealth proposal for

settlement.

0.40

375.00/hr

150.00

FDC Conference call with S. Gumbs, R. Levin, C. Steege, M. Root and L. Park from

FTI to discuss COFINA - Commonwealth proposal for settlement.

0.40

250.00/hr

100.00

HMK Conference call with M. Root, C. Steege, F. del Castillo and M. Schell regarding

the communication strategy.

1.00

375.00/hr

375.00

FDC Conference call with M. Root, C. Steege, H. Mayol and M. Schell regarding the

communication strategy.

1.00

250.00/hr

250.00

03/29/18 FDC Read and review email from M. Hindman and attached memorandum from J.

Houser.

0.20

250.00/hr

50.00

SUBTOTAL: [ 18.20 5,125.00 ]

CONTESTED MATTERS-GO / COFINA

03/02/18 AJB Received and read GO bondholers' motion on reservation of rights as to PBA's

request for payment of rent (Dkt.2651).

0.10

375.00/hr

37.50

AJB Received and read omnibus reply of the PBA Funds in support of motion for

payment of rent, and PBA Funds' informative motion (Dkts. 2649 and 2637).

0.40

375.00/hr

150.00

03/05/18 AJB Received and read Assured Guarantee Corp's motion on reservation of rights on

PBA Fund's request for order on payment rents, (Dkt. 2666).

0.20

375.00/hr

75.00

03/06/18 AJB Received and read QTCB noteholder group's motion on the issue of PBA

request for order on payment of rents.

0.30

375.00/hr

112.50

03/13/18 HMK Read and consider R. Levin brief in response to request for additional

submission in opposition to Motions for Summary Judgement by COFINA Agent.

0.60

375.00/hr

225.00

03/20/18 HMK Read and consider for comments draft of Committee reply to Motion for

Summary Judgement, reply with comments.

0.40

375.00/hr

150.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 41 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 15

Hrs/Rate

03/22/18 HMK Conference call Bennazar and Jenner teams with FTI to discussl 0.30

375.00/hr

HMK Conference call with! 0.70

375.00/hr

AJB PartidpatecHr^elephon^onferenc^all with FTI (Gumbs, Parks) and Jenner 0.30

03/26/18 HMK Conference of BGM team (Bennazar, Mayol, del Castillo and Ramirez) and 0.60

Jenner Team (Levin, Steege, Root) to review legal arguments in the preparation 375.00/hr 

of motion to the Court.

SUBTOTAL: [ 3.90

COURT HEARINGS

03/01/18 AJB Received and read UAW-SEIU motion on omnibus hearing set for March 7-8. 0.10

375.00/hr

AJB Received and examined QTCB noteholder group's informative motion. 0.10

375.00/hr

03/02/18 AJB Received and read informative motion of assured guarantee Corp on omnibus 0.10

hearing. 375.00/hr

AJB Received and examined AFL-CIO (AFT)'s motion on omnibus hearing. 0.10

375.00/hr

AJB Received and examined AFSCME's motion on omnibus hearing. 0.10

375.00/hr

AJB Received and examined UCC's informative regarding March 7-8 omnibus hearing 0.10

and amended informative motion. 375.00/hr

AJB Received and read FOMB's informative motion regarding omnibus hearing. 0.10

375.00/hr

AJB Received and read Fee Examiner's informative motion regarding appearance and 0.40

Fee Examiner's Initial Report (Dkt. 2645). 375.00/hr

03/07/18 HMK Attend Omnibus Court Hearing with Judge Swain in San Juan USDC. 2.00

375.00/hr

AJB Received and examined notice to counsel issued by the US District Court - 0.10

Southern District of NY. 375.00/hr

AJB Received and examined AFSCME's informative motion on Omnibus hearing. 0.10

375.00/hr

Amount

112.50

262.50

112.50

225.00

1,462.50]

37.50

37.50

37.50

37.50

37.50

37.50

37.50

150.00

750.00

37.50

37.50

SUBTOTAL: [ 3.30 1,237.50]

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 42 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 16

ERS BOND ISSUES

Hrs/Rate Amount

03/02/18 HMK Research cases and write memorandum on constitutional questions presented

in the Pension Reform cases decided by the PR Supreme Court.

1.00

375.00/hr

375.00

03/06/18 HMK Read and consider Docket 182 in Altair v ERS case to identify defenses. 0.60

375.00/hr

225.00

CRI Meeting and conference call with A. J. Bennazar, H. Mayol, F. del Castillo and

Jenner & Block team regarding ERS reply brief discussion.

0.60

150.00/hr

90.00

03/19/18 CRI Research and draft memorandum regarding "judicial lien argument" controversy.

Informed AJB of progress.

2.60

150.00/hr

390.00

03/20/18 CRI Receive, read, and comment on revised and updated draft response to

Summary Judgement Opposition by Bondholders. Discussed with A. J.

Bennazar. Checked P.R. law references.

3.60

150.00/hr

540.00

SUBTOTAL: [

ERS DECLARATORY JUDGMENT ADVERSARY

8.40 1,620.00]

03/02/18 AJB Received and read exchange of memoranda between R. Gordon, C. Wedoff, C.

Steege (Jenner) on issue raised by ERS bondholers who propose to

re-characterize the Pay-Go payments to be made by municipalities as

"employer contributions". Discussed with F. del Castillo.

0.40

375.00/hr

150.00

03/12/18 FDC Read and review docket in Case:17-00213-LTS: Doc#:195 Filed:03/12/18 (.1). 1.40

250.00/hr

350.00

AJB Received and read order issued by Judge LTS directing additional briefing on

P.R. law on whether a hypothetical creditor may obtain a lien and on "employer 

contributions". Also received and read memorandum from M. Root on same

topic.

0.40

375.00/hr

150.00

03/13/18 AJB Received memorandum from M. Root (Jenner) on briefs regarding PR Act 

66-2014 and attached documents. Discussed with F. del Castillo.

1.60

375.00/hr

600.00

03/14/18 FDC Conference with H. Mayol regarding the actuarial and financial information of

ERS and documentation to answer the Court's March 12, 2018 Order Directing

Supplemental Submissions (Dkt. 195).

1.00

250.00/hr

250.00

HMK Meet with F. del Castillo to consider information of ERS available in financial's 

and actuarial reports to answer questions posed by Judge Swain.

1.00

375.00/hr

375.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 43 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 17

Hrs/Rate Amount

03/14/18 HMK Research ERS financial statements and actuarial valuation reports to determine 

financial and employment impact of Act 3-2013 and other pension reform bills.

1.90

375.00/hr

712.50

03/15/18 FDC Legal research regarding the Court's March 12, 2018 Order Directing

Supplemental Submissions (Dkt. 195).

5.40

250.00/hr

1,350.00

FDC Meeting with H. Mayol regarding ERS research - laws and financials. 0.20

250.00/hr

50.00

HMK Meet with F. del Castillo to review research on ERS laws and financials. 0.20

375.00/hr

75.00

HMK Attend call from E. Ubarri, Zolfo Cooper on ERS questions. 0.30

375.00/hr

112.50

HMK Research ERS laws and financials to determine origin of employer contributions. 1.00

375.00/hr

375.00

HMK Prepare presentation and tables on pension benefit payments and employer 

contributions.

1.00

375.00/hr

375.00

03/16/18 FDC Read and review email from H. Mayol and attachment regarding employer 

contributions.

0.20

250.00/hr

50.00

FDC Conference with H. Mayol regarding request by Zolfo Cooper. 0.20

250.00/hr

50.00

FDC Conference with H. Mayol and A. J. Bennazar to answer Judge Swain request 

for additional submissions.

0.90

250.00/hr

225.00

FDC Conference call with R. Gordon, H. Mayol and M. Root regarding the Court's

March 12, 2018 Order Directing Supplemental Submissions (Dkt. 195).

1.20

250.00/hr

300.00

FDC Legal research for brief in response to the Court's March 12, 2018 Order

Directing Supplemental Submissions (Dkt. 195).

7.00

250.00/hr

1,750.00

HMK Meet with F. del Castillo to consider response to Zolfo request, email E. Ubarri. 0.20

375.00/hr

75.00

HMK Complete preparation of statistical charts on employer contributions. 0.70

375.00/hr

262.50

HMK Conference with F. del Castillo and A. J. Bennazar, on arguments and legal

research to answer Judge Swain request for additional submission.

0.90

375.00/hr

337.50

AJB Received and read exchange of notes and comments between M. Root, R.

Gordon, R. Levin (Jenner) and F. del Castillo on Puerto Rico's Act 66-2014 in

the context of judicial lien creditor under bankruptcy law. Discussed with F. del

Castillo.

0.80

375.00/hr

300.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 44 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 18

Hrs/Rate Amount

03/17/18 FDC Correspondence with R. Levin regarding the Court's March 12, 2018 Order 

Directing Supplemental Submissions (Dkt. 195).

1.00

250.00/hr

250.00

FDC Legal research for brief in response to the Court's March 12, 2018 Order

Directing Supplemental Submissions (Dkt. 195).

4.00

250.00/hr

1,000.00

AJB Received and read draft memorandum of law by F. del Castillo on P.R. Act 

66-2014 in the context of a judicial lien creditor under bankruptcy law. Note to

F. del Castillo. Discussed with C. Ramirez.

0.60

375.00/hr

225.00

AJB Received, read and participated in. ensuing exchange of memoranda and

comments between F. del Castillo, H. Mayol and the Jenner team (R. Levin, M.

Root, R. Gordon) on how best to present our argument on law 66-2014 issue.

0.90

375.00/hr

337.50

03/18/18 AJB Continued receipt and review of exchange of memoranda between F. del Castillo

and Jenner team on P.R. Act 66-2014 in the context of bankruptcy law.

0.70

375.00/hr

262.50

03/19/18 FDC Legal research regarding the Court's March 12, 2018 Order Directing

Supplemental Submissions (Dkt. 195).

5.60

250.00/hr

1,400.00

HMK Read emails from S. Gumbs, R. Gordon and R. Levin on Segal actuarial

projections of pension payments, reply with comments.

0.30

375.00/hr

112.50

HMK Conference call with Jenner, Bennazar, FTI and Segal teams to discuss ERS

projections.

1.00

375.00/hr

375.00

HMK Conference of Bennazar team with Jenner team on ERS bondholder claims

under PR Laws.

1.30

375.00/hr

487.50

AJB Participated in T/C with F. del Castillo, H. Mayol, C. Ramirez and Jenner team

(R. Gordon, M. Root, R. Levin and C. Steege) to discuss draft ORC

memorandum of law.

1.20

375.00/hr

450.00

AJB Received and read updated draft memorandum of law prepared by F. del Castillo

to comply with the court's request for supplemental briefing, and ensuing

exchange of comments and memoranda from R. Levin, C. Steege, M. Root and

R. Gordon (Jenner).

1.30

375.00/hr

487.50

03/20/18 AJB Received from F. del Castillo and read the PR Supreme Court opinion in

Librotex v. PRASA, CE94-395, opinion of July 14, 1995.

0.40

375.00/hr

150.00

AJB Received from M. Root draft of supplemental ORC brief in Adv. Proc. 213 to

review for PR law.

1.40

375.00/hr

525.00

03/21/18 FDC Read and review docket in Case 17-00213-LTS Doc#:198 Filed:03/21/18 (.2). 0.20

250.00/hr

50.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 45 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 19

Hrs/Rate Amount

03/21/18 FDC Conference call with M. Root regarding brief in response to the Court's March

12, 2018 Order Directing Supplemental Submissions (Dkt. 195) (.2);

Correspondence with M. Root and R. Levin review of additional language to brief

and additional legal research (.9).

1.10

250.00/hr

275.00

AJB Read exchange of memoranda between F. del Castillo, R. Levin and M. Root

(Jenner) on modifications to ORC supplemental brief for Adv. Proc. 213 in light

of PR case law.

0.40

375.00/hr

150.00

03/22/18 FDC Review and analysis of ERS Bondholders Supplemental Brief and

correspondence with M. Root regarding the brief.

1.00

250.00/hr

250.00

AJB Received and read ERS bondholders' supplemental memorandum re: summary

judgment in Adv. Proc. 213, Dkt. 199 and supporting affidavit.

0.50

375.00/hr

187.50

AJB Received and read Commonwealth (ERS's) post hearing supplemental brief in

support of motion for summary judgment in Adv. Proc. 213, Dkt. 198.

0.60

375.00/hr

225.00

03/25/18 FDC Read and review ERS Bondholders' Supplemental Memorandum in Support of 

Motion for Summary Judgement - Case:17-00213-LTS Doc#: 199 Filed:03/21/18

(.2); legal research to oppose motion (.9).

1.10

250.00/hr

275.00

03/26/18 FDC Conference call with H. Mayol, C. Steege, R. Levin, M. Root, A. J. Bennazar 

and C. Ramirez regarding ERS Bondholders' Supplemental Memorandum in

Support of Motion for Summary Judgement.

0.60

250.00/hr

150.00

FDC Legal research to oppose ERS Bondholders' Supplemental Memorandum in

Support of Motion for Summary Judgement.

1.00

250.00/hr

250.00

AJB 1IC with C. Steege, R. Levin, M. Root, (Jenner) with H. Mayol, F. del Castillo

and C. Ramirez to discuss draft memorandum of law.

0.60

375.00/hr

225.00

03/27/18 FDC Correspondence with M. Root regarding cases cited, other legal issues and

legal research regarding the ERS Bondholders' Supplemental Memorandum in

Support of Motion for Summary Judgement.

2.60

250.00/hr

650.00

AJB Received from M. Root and read draft of the ORC supplemental memorandum of 

law in support of motion for summary judgment; checked references to P.R.

law. Discussed with C. Ramirez.

1.80

375.00/hr

675.00

03/28/18 FDC Correspondence with M. Root regarding ERS Bondholders' Supplemental

Memorandum in Support of Motion for Summary Judgement and legal research.

0.80

250.00/hr

200.00

FDC Legal research regarding the Reply to ERS Bondholders' Supplemental

Memorandum in Support of Motion for Summary Judgement.

2.50

250.00/hr

625.00

FDC Correspondence with M. Root and review of draft of Reply to ERS Bondholders' 

Supplemental Memorandum.

0.40

250.00/hr

100.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 46 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 20

Hrs/Rate

03/28/18 FDC Read and review docket in Case:17-00213-LTS Doc#:205 Filed:03/28/18 (.2);

Doc#:206 Filed:03/28/18 (.2).

0.40

250.00/hr

FDC Correspondence with M. Root and legal research regarding the Annual Uniform

Contribution for ERS.

0.60

250.00/hr

AJB Received and read ERS (Commonwealth) reply brief to ERS Bondholders' 

supplemental memorandum in support of motion for summary judgment in Adv.

Proc. 213, Dkt. 205.

0.40

375.00/hr

AJB Received and read exchange of memoranda between M. Root (Jenner) and F.

del Castillo on supremacy clause in the context of judicial liens against the

Commonwealth of P.R. Brief conference with F. del Castillo.

0.50

375.00/hr

SUBTOTAL: [ 64.70

FISCAL PLAN/PLAN OF ADJUSTMENT

03/01/18 AJB Received and read exchange of memoranda between R. Gordon, L. Harrison 0.80

and R^^virUJennerMH^ayo^nc^^ie^astill^r^R^uprem^ourUjase 375.00/hr

03/23/18 HMK Read Zolfo Cooper presentation on PR Healthcare model. 0.20

375.00/hr

03/24/18 FDC Read and review revised fiscal plan for the Commonwealth of Puerto Rico. 0.70

250.00/hr

HMK Read notice from FOMB on postponing consideration of FP. 0.10

375.00/hr

HMK Read press release with draft FP's for CW, PREPA, PRASA, HTA, UPR and 0.10

forward to professionals. 375.00/hr

HMK Read and analyze Draft Fiscal Plan submitted by the CW to the FOMB. 0.90

375.00/hr

AJB Received and read new fiscal plan for Puerto Rico, dated April 23, 2018, issued 3.20

by the Commonwealth government. 375.00/hr

AJB Received from R. Gordon (Jenner) memorandum on FOMB's decision to extend 0.40

term to certify fiscal plans, and ensuing exchange of notes with C. Steege and 375.00/hr 

H. Mayol.

0.30

375.00/hr

Amount

100.00

150.00

150.00

187.50

19,212.50]

300.00

75.00

175.00

37.50

37.50

337.50

1,200.00

150.00

03/27/18 HMK Read GDB Debt Restructuring Fiscal Plan. 112.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 47 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 21

Hrs/Rate Amount

03/27/18 HMK Read Commonwealth Fiscal Plan, identify possible pension fund issues. 0.50

375.00/hr

187.50

HMK Read UPR Fiscal Plan, identify possible pension fund issues. 0.50

375.00/hr

187.50

03/28/18 HMK Read memo from F. del Castillo on analysis of FOMB requirements, reply with

comment.

0.20

375.00/hr

75.00

HMK Listened to Governor Rossello's public address in response to FOMB letter. 0.20

375.00/hr

75.00

HMK Read and analyze FOMB letter to Governor Rossello on new fiscal plan criteria. 0.30

375.00/hr

112.50

FDC Correspondence with C. Steege and R. Levin regarding letter from the Oversight 

Board about the latest fiscal plans presented by the Commonwealth of Puerto

Rico.

0.70

250.00/hr

175.00

AJB Received and examined FOMB's correspondence in reaction to

Commonwealth's PREPA and PRASA's fiscal plans. Again, FOMB demands 

cuts in pension plans, and ensuing exchange of comments and memoranda 

from C. Steege, R. Levin, R. Gordon (Jenner), S. Gumbs (FTI), H. Mayol, F. del

Castillo and N. Kim (Segal).

1.30

375.00/hr

487.50

03/30/18 HMK Read Congressman Rob Bishop's letter to FOMB Chair Carribn. 0.20

375.00/hr

75.00

SUBTOTAL: [ 10.60 3,800.00 ]

GO BOND ISSUES

03/06/18 CRI Meeting with AJB regarding Constitutional Budget Assignments and Legislative

assembly delegated powers.

0.50

150.00/hr

75.00

CRI Translation of pages 2441-2446 of "Constitutional Assembly Diary of Sessions". 2.50

150.00/hr

375.00

AJB Received and examined English text of the PR Constitutional Assembly's "Diary

of sessions" and discussed with C. Ramirez in the context of Constitutional 

priority claimed by GO'S.

0.80

375.00/hr

300.00

03/23/18 CRI Meeting and conference call with A. J. Bennazar, H. Mayol Kauffman, F. del

Castillo and Jenner & Block team, and Ad Hoc GO Bondholders representation 

regarding mediation.

1.00

150.00/hr

150.00

SUBTOTAL: [ 4.80 900.00 ]

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 48 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 22

Hrs/Rate Amount

MEDIATION

03/01/18 FDC Read and review!

AJB Received from

HMK Read

03/04/18 FDC Correspondence with J. Marin regarding

03/05/18 FDC Conference call with Jenner professional!

HMK Meet with F. del Castillo to consider information!

HMK Conference with professional team!

03/06/18 HMK Procure and distribute

HMK Conference with FDC and Segal actuaries to

03/09/18 FDC Meeting with(

FDC Meeting with R. Levin, R. Gordon. H. Mayol and J. Marin and conference with

M. Rootl

FDC Meeting with

discussion of|

)(15)

HMK Meet with!

HMK Meet with R. Levin, R. Gordon, J. Marin and F. del Castillo!

HMK Attend session with!

HMK Meet with R. Levin, R. Gordon, J. Marin, F. del Castillo and conference with M.

Root!

0.10

250.00/hr

25.00

0.20

375.00/hr

75.00

0.10

375.00/hr

37.50

0.20

250.00/hr

50.00

1.00

250.00/hr

250.00

1.00

375.00/hr

375.00

1.00

375.00/hr

375.00

0.20

375.00/hr

75.00

0.30

375.00/hr

112.50

2.00

250.00/hr

500.00

2.50

250.00/hr

625.00

2.50

250.00/hr

625.00

1.00

375.00/hr

375.00

1.50

375.00/hr

562.50

2.00

375.00/hr

750.00

2.50

375.00/hr

937.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 49 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 23

03/11/18 AJB Receivec^nchjeadfrgml

(Jenner) re: same.

03/12/18 FDC Read and review email fromI

read memorandum from R. Gordon

AJB Received and read memorandum from!

03/14/18 FDC Read and review email froml

FDC Meeting with H. Mayol1

HMK Meet with F. del Castillo on matters brought for consideration by(

03/20/18 FDC Called in'

HMK

AJB Received and read exchange of memoranda between R. Levin (Jenner), S.

Gumbs (FTI) on reguest by

03/22/18 CRI Meeting and conference call with A. J. Bennazar, H. Mayol Kauffman, F. del

Castillo and Jenner & Block team regardinc

AJB Received and read( __ _ _ __ __________

ensuing exchange of nemoranda by M. Root, R. levin (Jenner), Liz Parks, S7

Gumbs (FTI), H. Mayol and F. del Castillo. Discussed with H. Mayol and F. del

Castillo.

03/23/18 FDC Read and review email from L. Park from FTI Consulting regardingl

FDC Conference call with R. Gordon R. Levin, M. Root, C. Steege, H. Mayol, A. J.

Bennazai^nc^^*amirez with£___ _____

Conference call with Jenner legal team regardinc

previous conference calif

(.3).

FDC Conference call with J. Marchand, L. Benabe and H. Mayol regarding^

Hrs/Rate Amount

0.20

375.00/hr

75.00

0.20

250.00/hr

50.00

0.10

375.00/hr

37.50

0.10

250.00/hr

25.00

1.00

250.00/hr

250.00

1.00

375.00/hr

375.00

0.40

250.00/hr

100.00

0.40

375.00/hr

150.00

0.40

375.00/hr

150.00

1.30

150.00/hr

195.00

1.20

375.00/hr

450.00

0.20

250.00/hr

50.00

1.00

250.00/hr

250.00

0.50 125.00

250.00/hr

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 50 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 24

Hrs/Rate

03/23/18 HMK Answer emails onl 0.20

375.00/hr

HMK Read email^ron^^Gumbs^ORoot^^teege^^runwalc^nc^^lel 0.30

HMK Conference with F. del Castillo. L. Benabe and J. Marchand to request update 0.50

375.00/hr

HMK Conference call with R. Gordon, R. Levin, M. Root, C. Steeqe, F. del Castillo,

A. J. Bennazar and C. Ramirez withi

1.00

375.00/hr

AJB Participated in conference of Jenner and Bennazar legal teams with

representatives!

03/26/18 FDC Read and review email from

0.90

375.00/hr

0.20

250.00/hr

FDC Read and review email froml 0.10

250.00/hr

AJB Received memorandum froml 0.10

375.00/hr

03/27/18 FDC Conference call withl 0.20

250.00/hr

HMK Conference with C. Steeqe, F. del Castillo on| 0.20

375.00/hr

03/28/18 FDC Meeting with H. Mavol to discuss the! 1.90

250.00/hr

HMK Read and consider comments by R. Levin and R. Gordon( 0.30

375.00/hr

HMK Read and consider! 0.40

375.00/hr

AJB Received from L. Parks (FTI) and(______________

jBrief discussion with F. del Castillo.

03/29/18 HMK Read emails calling fo|

0.80

375.00/hr

0.10

375.00/hr

Amount

75.00

112.50

187.50

375.00

337.50

50.00

25.00

37.50

50.00

75.00

475.00

112.50

150.00

300.00

37.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 51 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 25

Hrs/Rate

03/29/18 HMK Read email from

HMK Conference with R. Gordon on

0.20

375.00/hr

0.20

375.00/hr

AJB Received from M. Hindman memorandum from

03/30/18 HMK Read email from R. Gordon on

0.30

375.00/hr

0.10

375.00/hr

SUBTOTAL: [ 34.10

NON-WORKING TRAVEL TIME

03/01/18 FDC Return flight from New York to Puerto Rico - attended mediation sessions. 5.80

125.00/hr

AJB Return trip from NYC to P.R. 5.40

187.50/hr

03/08/18 FDC Flight from San Juan to New York City. 6.00

125.00/hr

HMK Travel between SJU and JFK to attend Mediation sessions. 6.00

187.50/hr

03/11/18 FDC Return flight from New York to San Juan. 5.80

125.00/hr

HMK Return from New York to San Juan. 6.00

187.50/hr

SUBTOTAL: 35.00

PENSION ANALYSIS

03/02/18 AJB Received from R. Gordon, and read memorandum identifying near-term issues 0.70

375.00/hr

1.00

250.00/hr

Amount

75.00

75.00

112.50

37.50

10,732.50]

725.00

1,012.50

750.00

1,125.00

725.00

1,125.00

5,462.50 ]

262.50

03/05/18 FDC Meeting with H. Mavol regardingi 250.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 52 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 26

03/05/18 AJB

AJB

03/06/18 FDC

AJB

03/08/18 AJB

03/09/18 FDC

HMK

AJB

03/13/18 HMK

03/15/18 HMK

03/19/18 FDC

03/23/18 AJB

AJB

03/27/18 HMK

03/28/18 HMK

HMK

Read exchange of memoranda by H. Mayol, F. del Castillo and R. Gordon, C.

Steege (Jenner) and S. Gumbs (FTI) and S. Wohl (Segal)l

Exchange of notes H. Mayol and R. Gordon.

Conference call with H. Mayol, J. Libauskas and M. Strom from Segal

Consulting.

Received and reviewed documents obtained from the Medicare executive 

director for P.R. on criteria for eligibility and cost of insurance.

Received and read exchange of memoranda between K. Nicholl

Root (Jenner) and F. del Castillol

M.

Conference call with Segal Group, Jenner & Block team and H. Mayol regarding

effects of Act 3-2013 and Act 106-2017 on pension obligations.

Conference with Sec F. del Castillo to discussl

Receive^nemorandun^rom

del Castillo and exchange of notes with R. Gordon re: same

Review!

Conference with F.

Forward data from

Read and review emails from L. Park, S. Gumbs, R. Gordon and H. Mayol

regarding^

Received and read Zolfo Cooper's Health Care overview for P.R., forwarded by L

Parks (FTI).

Read email from R. Levin, discuss with F. del Castillo and reply with email.

Read emails from L. Park and J. Libauskas (Segal) onl

Read email from C. Steege and R. Levin on FOMB Letter to Governor.

Hrs/Rate Amount

0.30

375.00/hr

112.50

0.80

375.00/hr

300.00

0.30

250.00/hr

75.00

0.70

375.00/hr

262.50

0.20

375.00/hr

75.00

1.20

250.00/hr

300.00

1.20

375.00/hr

450.00

0.60

375.00/hr

225.00

0.30

375.00/hr

112.50

0.10

375.00/hr

37.50

0.30

250.00/hr

75.00

0.60

375.00/hr

225.00

0.90

375.00/hr

337.50

0.20

375.00/hr

75.00

0.10

375.00/hr

37.50

0.10

375.00/hr

37.50

SUBTOTAL: [ 9.60 3,250.00]

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 53 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 27

03/07/18

03/13/18

03/15/18

03/28/18

03/31/18

03/01/18

03/08/18

03/11/18

Hrs/Rate

UTIER ADVERSARY PROCEEDING

AJB Received and read FOMB's urgent motion to exceed page limits with reply brief 0.20

on motion to dismiss plaintiffs complaint. 375.00/hr

FDC Read and review dockets in Case:17-00229-LTS: Doc#:54 Filed:03/13/18 (.3); 0.50

Doc#:56 Filed:03/13/18 (.2). 250.00/hr

AJB Received and read plaintiffs urgent motion to file sur-reply to defendants' 0.10

motions to dismiss in Adv. Proc. 229, Dkt. 57. 375.00/hr

AJB Received and read UTIER's omnibus sur-reply brief in opposition to defendants' 0.30

motion to dismiss. 375.00/hr

SUBTOTAL:

FOR PROFESSIONAL SERVICES RENDERED

ADDITIONAL CHARGES:

EXPENSES BGM

DOCUMENT DELIVERY SERVICES

SUBTOTAL:

EXPENSES F. DEL CASTILLO

TRAVEL EXPENSES: GROUND TRANSPORT NY

TRAVEL EXPENSES: BAGS FEE

TRAVEL EXPENSES: TRAVEL AND HOTEL ACCOMMODATION 

TRAVEL EXPENSES: GROUND TRANSPORT SAN JUAN

TRAVEL EXPENSES: GROUND TRANSPORT NY

TRAVEL EXPENSES: GROUND TRANSPORT NY

[ 1.10

294.80

Amount

75.00

125.00

37.50

112.50

350.00 ]

$83,862.50

40.00

[ 40.00]

58.56

25.00

1,184.87

36.74

63.06

58.56

SUBTOTAL: [ 1,426.79]

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 54 of 111
Amount

EXPENSES H. MAYOL

03/08/18 TRAVEL EXPENSES: FLIGHT TO NY 507.80

TRAVEL EXPENSES: GROUND TRANSPORT (JFK TO HOTEL) 66.18

TRAVEL EXPENSES: HOTEL ACCOMMODATION 986.10

03/11/18 TRAVEL EXPENSES: GROUND TRANSPORT (SHERATON TO JFK) 70.27

TRAVEL EXPENSES: GROUND TRANSPORT SAN JUAN 30.00

SUBTOTAL: [ 1,660.35]

TOTAL ADDITIONAL CHARGES $3,127.14

TOTAL AMOUNT OF THIS BILL $86,989.64

OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 28

FOR PROFESSIONAL SERVICES RENDERED THROUGH MARCH 31,2018

ATTORNEY SUMMARY:

NAME HOURS RATE AMOUNT

ANTONIO JUAN BENNAZAR ZEQUEIRA 71.30 375.00 $26,737.50

ANTONIO JUAN BENNAZAR ZEQUEIRA 5.40 187.50 $1,012.50

CARLOS R. RAMIREZ ISERN 25.50 150.00 $3,825.00

FRANCISCO DEL CASTILO OROZCO 106.30 250.00 $26,575.00

FRANCISCO DEL CASTILO OROZCO 17.60 125.00 $2,200.00

HECTOR MAYOL KAUFFMANN 56.70 375.00 $21,262.50

HECTOR MAYOL KAUFFMANN 12.00 187.50 $2,250.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 55 of 111
BENNAZAR, GARCIA & MILIAN, C.S.P.

APARTADO POSTAL 194000 NUM. 212

SAN JUAN, PUERTO RICO 00919-4000

Tel6fono: (787) 754-9191

Fax: (787)764-3101

maureen.quevedo@bennazar.org

bgm.csp@bennazar.org

Num. S.S. 66-0535704

June 8, 2018

Invoice# 180402

OFFICIAL COMMITTEE OF RETIRED EMPLOYEES

MR. MIGUEL J. FABRE RAMlREZ 

CHAIRPERSON

RE: COMMONWEALTH OF PUERTO RICO

CASE NUMBER 17-BK-03283

FOR PROFESSIONAL SERVICES RENDERED THROUGH APRIL 30, 2018

AMBAC/ASSURED ADVERSARY PROCEEDING

Hrs/Rate Amount

04/02/18 AJB Received and examined Assured Guarantee et al's reply memorandum in further

support of objections to Magistrate Dein's order of February 28 and attached

documents (Dkt. 2835) including Governor's letter to FOMB on revised

Commonwealth fiscal plan.

0.60

375.00/hr

225.00

04/04/18 AJB Received and read Assured Guaranty Corp. et al's urgent motion for leave to

respond to the reply memorandum in further support of objections, Dkt. 2843

and proposed order.

0.30

375.00/hr

112.50

04/09/18 AJB Received and read GO and Ambac's motion to compel compliance with court 

order and for protective order, Dkt. 2865.

0.90

375.00/hr

337.50

AJB Received and read the Commonwealth's response to Assured Guaranty, et als'

reply memorandum in further support of objections Dkt. 2863, and attached

P.R. Civil case law in support (Bhatia Gautier v Rosellb Nevares, Civil

SJ2017CV00271 (907).

1.20

375.00/hr

450.00

04/10/18 AJB Received and read Assured Guaranty, et als' urgent motion for leave to reply to

Dkt. 2863; Dkt. 2878.

0.20

375.00/hr

75.00

04/16/18 AJB Received and read Assured Guaranty's reply memorandum in further support of

objections to court's order of February 26, Docket 2906.

0.30

375.00/hr

112.50

04/17/18 AJB Received and read Ambac's omnibus reply in further support of objections to the

Cofina Agent's request to certify questions to The Supreme Court of Puerto

Rico, Adv. Proceed 257, Docket 449.

0.40

375.00/hr

150.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 56 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 2

Hrs/Rate Amount

04/23/18 AJB Received and read FOMB's joinder and supplement to AAFAF's response to the

motion to compel of AD HOC group of GO'S and others, Docket 2950. .

0.30

375.00/hr

112.50

AJB Received and read Assured et als' joinder to AD HOC group of GOs motion to

compel compliance with February 26 order, and supporting documents, case

17-4780, Docket 808, and case 17-3283, Docket 2948.

0.90

375.00/hr

337.50

AJB Received and read AAFAF's response to the motion to compel of the AD HOC

group of GOs, Ambac, Assured et als, Docket 2949.

0.80

375.00/hr

300.00

04/30/18 AJB Received and read Ad Hoc GO's, Ambac et als reply in support of motion to

compel, Dkt. 2982.

0.30

375.00/hr

112.50

SUBTOTAL: [

CASE ADMINISTRATION

6.20 2,325.00

04/02/18 FDC Read and review dockets in Case:18-00021-LTS Doc#:75 Filed:04/02/18 (.1);

Doc#:2835 Filed:04/02/18 (.1); Doc#:2832 Filed:04/02/18 (.1).

0.30

250.00/hr

75.00

AJB Reviewed motions filed and order entered, as per the ECF system, Dkts.

2827-2830.

0.10

375.00/hr

37.50

04/03/18 FDC Read and review dockets in Case:17-03283-LTS Doc#:2837 Filed:04/03/18 (.1);

Doc#:2839 Filed:04/04/18 (.2).

0.30

250.00/hr

75.00

FDC Weekly Professionals conference call with Jenner & Block, Bennazar, FTI and

Segal Consulting.

1.00

250.00/hr

250.00

AJB Reviewed motions filed and orders entered as per the ECF system, Dkts.

2831-2836.

0.10

375.00/hr

37.50

AJB Weekly T/Conference with Jenner, FTI, Segal and Bennazar teams to f/up on

pending matters.

0.90

375.00/hr

337.50

04/04/18 FDC Read and review docket in Case:17-03283-LTS Doc#:2843 Filed:04/04/18. 0.10

250.00/hr

25.00

AJB Reviewed motions filed as per the ECF System, Dkts. 2837-2838. 0.10

375.00/hr

37.50

04/05/18 FDC Read and review docket in Case:17-03283-LTS Doc#:2846 Filed:04/05/18. 0.10

250.00/hr

25.00

FDC Read and review Second Interim Report by Kobre & Kim LLP. 0.20

250.00/hr

50.00

AJB Reviewed motions filed and order issued, as per the ECF System, Dkts.

2839-2844.

0.10

375.00/hr

37.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 57 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 3

Hrs/Rate Amount

04/06/18 AJB Reviewed orders entered and motions filed as per the ECF System, Dkts.

2845-2849.

0.10

375.00/hr

37.50

04/07/18 AJB Reviewed orders entered and motions filed as per the ECF System, Dkts.

2850-2860.

0.20

375.00/hr

75.00

AJB Exchange of notes with R. Gordon, H. Mayol on agenda for Monday's meeting

of the Jenner and Bennazar legal teams.

0.30

375.00/hr

112.50

04/10/18 FDC Read and review docket in Case: 17-03283-LTS Doc#:2863 Filed:04/09/18 (.1);

Doc#:2865 Filed:04/09/18 (.2); Doc#:2878 Filed:04/10/18 (.1).

0.40

250.00/hr

100.00

AJB Reviewed motions filed as per the ECF System, Dkts. 2861-2877. 0.20

375.00/hr

75.00

04/11/18 FDC Read and review dockets in Case: 17-03283-LTS Doc#:2883 Filed:04/11/18 (.1);

Doc#:2886 Filed:04/11/18 (.1).

0.20

250.00/hr

50.00

AJB Reviewed motions filed as per the ECF System, Dkts. 2878-2881. 0.10

375.00/hr

37.50

04/12/18 AJB Reviewed motions filed and orders entered as per the ECF System, Dkts.

2882-2893.

0.10

375.00/hr

37.50

04/16/18 FDC Read and review docket in Case: 17-03283-LTS Doc#:2906 Filed:04/16/18 (.2);

Doc#:2909 Filed:04/16/18 (.1).

0.20

250.00/hr

50.00

AJB Reviewed motions filed and order entered as per the ECF system, Dockets

2894-2905.

0.10

375.00/hr

37.50

04/17/18 AJB Reviewed motions filed as per the ECF system, Dockets 2906-2910. 0.10

375.00/hr

37.50

04/18/18 FDC Read and review docket in Case: 17-03283-LTS Doc#:2914 Filed:04/18/18. 0.20

250.00/hr

50.00

04/19/18 FDC Watch meeting of the Oversight and Management Board. 3.80

250.00/hr

950.00

04/20/18 FDC Read and review dockets in Case: 17-03283-LTS Doc#:2931 Filed:04/20/18 (.2);

Doc#:2938 Filed:04/20/18 (.2).

0.40

250.00/hr

100.00

AJB Reviewed motions filed and order entered as per the ECF system, Dockets

2911-2923.

0.10

375.00/hr

37.50

04/21/18 AJB Reviewed motions filed and orders as per the ECF system, Dockets 2924-2940. 0.20

375.00/hr

75.00

04/23/18 FDC Read and review dockets in Case: 17-03283-LTS Doc#:2946 Filed:04/23/18. 0.10

250.00/hr

25.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 58 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 4

Hrs/Rate Amount

04/23/18 FDC Read and review dockets in Case: 17-03283-LTS Doc#:2948 Filed:04/23/18 (.2);

Doc#:2949 Filed:04/23/18 (.3); Doc#:2950 Filed:04/23/18 (.1).

0.60

250.00/hr

150.00

04/24/18 FDC Read and review docket in Case: 17-03283-LTS Doc#:2952 Filed:04/24/18. 0.20

250.00/hr

50.00

FDC Correspondence among legal teams regarding adversary civil action -

Case: 17-03283-LTS Doc#:2951 Filed:04/24/18 (.4); and review of adversary civil

action (.8).

1.20

250.00/hr

300.00

04/25/18 FDC Read and review docket in Case: 17-03283-LTS Doc#:2960 Filed:04/25/18. 0.20

250.00/hr

50.00

AJB Received and read FOMB's informative motion regarding case status report,

Dkt. 2960.

0.10

375.00/hr

37.50

AJB Reviewed motions filed and orders issued as per the ECF system, Dkts. 2941

and 2951.

0.20

375.00/hr

75.00

04/26/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2951-2960.

0.10

375.00/hr

37.50

04/27/18 FDC Read and review docket in Case:17-04780-LTS Doc#:813 Filed:04/27/18. 0.10

250.00/hr

25.00

04/28/18 AJB . Reviewed motions filed and orders issued as per the ECF system, Dkts.

2961-2976.

0.20

375.00/hr

75.00

04/30/18 FDC Read and review docket in Case:17-03283-LTS Doc#:2982 Filed:04/30/18. 0.20

250.00/hr

50.00

SUBTOTAL: [

COFINA/COMMONWEALTH ADVERSARY PROCEEDING

13.20 3,725.00 ]

04/03/18 FDC Read and review docket in Case:17-00257-LTS Doc#:421 Filed:04/03/18. 0.20

250.00/hr

50.00

AJB Received and examined Mutual funds group and PR Fund's response to

Commonwealth Agent's counter statement of additional undisputed facts in Adv

proceed 257, Dkt. 417 and the partially unredacted Commonwealth agent's

omnibus opposition to Cofina parties' motions for summary judgment, Dkts.

413-414.

1.20

375.00/hr

450.00

04/04/18 AJB Received and read Ambac and National Public Finance's limited objection's to

Cofina agent's motion to certify questions to the Supreme Court of PR in Adv

0.80

375.00/hr

300.00

Proceed 257, Dkt. 421 and related documents. Brief conference F. del Castillo.

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 59 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 5

Hrs/Rate Amount

04/06/18 AJB Received and read informative motion of the Cofina senior bondholders coalition

and Ambac regarding recent authority in support of motion for summary 

judgment, Adv. Proced. 133, Dkt. 516.

0.40

375.00/hr

150.00

04/09/18 FDC Read and review docket in Case:17-00257-LTS Doc#:433 Filed:04/09/18. 0.30

250.00/hr

75.00

AJB Received and read joint Cofina and Commonwealth agents' motion regarding

evidentiary issues related to the motions for summary judgment, Adv. Proceed.

257, Dkt. 433.

0.40

375.00/hr

150.00

04/11/18 FDC Read and review dockets in Case:17-00257-LTS Doc#:437 Filed:04/11/18 (.2);

Doc#:438 Filed:04/11/18 (.3); Doc#:439 Filed:04/11/18 (.3).

0.80

250.00/hr

200.00

AJB Received and read FOMB's opposition to the Cofina Agent's motion to certify 

questions to the Supreme Court of Puerto Rico, Adv Proceed. 257, Dkt. 439.

0.80

375.00/hr

300.00

AJB Received and read Commonwealth Agent's Omnibus objection to Cofina Agent's 

and others' motions to certify questions under Puerto Rico law to the Supreme

Court of Puerto Rico, Adv. Proceed. 257, Dkt. 438.

0.70

375.00/hr

262.50

04/12/18 FDC Read and review docket in Case:17-00257-LTS Doc#:442 Filed:04/12/18. 0.20

250.00/hr

50.00

04/13/18 AJB Received and examined the Commonwealth agent's motion to provide

supplemental information in response to the Court's inquiry, Adv proceed 257,

Adv. Proceed. 257, Dkt. 442.

1.40

375.00/hr

525.00

04/17/18 FDC Read and review docket in Case:17-00257-LTS Doc#:449 Filed:04/17/18. 0.10

250.00/hr

25.00

04/18/18 FDC Read and review dockets in Case:17-00257-LTS Doc#:451 Filed:04/18/18 (.2);

Doc#:452 Filed:04/18/18 (.1); Doc#:453 Filed:04/18/18 (.2); Doc#:454

Filed:04/18/18(.1).

0.60

250.00/hr

150.00

04/19/18 AJB Received and read Mutual Funds group's joinder of the Cofina agent's motion for

Certification of questions to the Supreme Court of PR, Adv. Proceed. 257,

Docket 454.

0.20

375.00/hr

75.00

04/22/18 FDC Read and review dockets in Case: 17-00257-LTS Doc#:461 Filed:04/22/18. 0.10

250.00/hr

25.00

04/23/18 FDC Read and review docket in Case:17-00257-LTS Doc#:462 Filed:04/23/18. 0.10

250.00/hr

25.00

04/26/18 FDC Correspondence with R. Gordon and R. Levin regarding constitutional issues of

the COFINA-Commonwealth controversy. A. J. Bennazar informed.

0.40

250.00/hr

100.00

SUBTOTAL: [ 8.70 2,912.50 ]

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 60 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 6

COMMITTEE GOVERNANCE AND ATTENDANCE AT MEETINGS

Hrs/Rate Amount

04/04/18 HMK Meet with A. J. Bennazar and F. del Castillo to design agenda and strategy for

a special meeting to elect Committee Chair.

0.60

375.00/hr

225.00

HMK Meetings with A. J. Bennazar, F. del Castillo and C. Nufiez, Committee Vice

Chair to discuss by-laws and procedures for election of a new Committee Chair.

1.90

375.00/hr

712.50

FDC Correspondence with C. Nufiez, Vice Chair of the Official Committee with

memorandum regarding the status of the most relevant cases under Title III of

PROMESA.

0.90

250.00/hr

225.00

FDC Meet with H. Mayol and A. J. Bennazar regarding agenda and strategy for a

special meeting to elect Committee Chair.

0.60

250.00/hr

150.00

AJB Several meetings and conferences throughout day with C. Nunez, H. Mayol and

F. del Castillo to develop logistics, strategy and agenda for the special ORC

meeting to elect new chairperson in substitution of J. Marin.

1.90

375.00/hr

712.50

04/06/18 FDC Correspondence with C. Steege regarding the need to hold a special meeting of

the Official Committee.

0.20

250.00/hr

50.00

FDC Conference with C. NOnez and H. Mayol to organize special Committee meeting. 0.20

250.00/hr

50.00

HMK Read memorandum from M. Root on agenda and date for Committee meeting. 0.10

375.00/hr

37.50

HMK Write email to Jenner professionals with logistics details for Committee meeting. 0.10

375.00/hr

37.50

HMK Conference with F. del Castillo and Vice Chair C. Nufiez to select date and time 

for special Committee meeting.

0.20

375.00/hr

75.00

04/07/18 AJB Exchange of memoranda with R. Levin, R. Gordon, H. Mayol on ORC special

meeting to elect new chair and an additional in person regular monthly meeting

after new chair has been selected.

0.40

375.00/hr

150.00

04/08/18 FDC Correspondence with R. Gordon and R. Levin regarding changes of membership 

of the Official Committee.

0.20

250.00/hr

50.00

HMK Read and answer email from R. Gordon on topics for upcoming special and

regular Committee meetings.

0.10

375.00/hr

37.50

04/09/18 FDC Conference with H. Mayol regarding the logistics of the next Committee Meeting. 0.20

250.00/hr

50.00

FDC Draft of agenda for the April 12 meeting of the Official Committee and

Correspondence with R. Gordon regarding the content (.3); read and review by

laws of the Official Committee (.2).

0.50

250.00/hr

125.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 61 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 7

Hrs/Rate Amount

04/09/18 FDC Conference call with H. Mayol arid R. Gordon regarding the next Committee 

Meeting and mediation.

0.60

250.00/hr

150.00

FDC Conference call with H. Mayol, J. Marin and C. Ntinez regarding the next

Committee meeting.

0.20

250.00/hr

50.00

HMK Conference with J. Marin and C. Nufiez on Chairman's resignation. 0.20

375.00/hr

75.00

HMK Meet with F. del Castillo on coordination of Special Committee meeting and

election.

0.20

375.00/hr

75.00

HMK Conference with R. Gordon and J. Marin on resignation and selection of new

Chairperson.

0.60

375.00/hr

225.00

HMK Read and consider R. Gordon memorandum with topics to be included in

professional's conference call on April 4, 2018 at 4:00 PM.

0.10

375.00/hr

37.50

HMK Conference call with Jenner and Bennazar professionals on preparation for

Special Meeting and Regular meeting scheduling and agendas.

1.30

375.00/hr

487.50

AJB Received and examined exchange of memoranda between R. Levin, R. Gordon,

F. del Castillo and H. Mayol on the logistics to hold an extraordinary meeting of

the ORC to elect new chairperson.

0.30

375.00/hr

112.50

AJB Exchange of notes and memoranda with C. Steege, F. del Castillo and P.

Hermon on in-personam ORC meeting in PR on April 18.

0.20

375.00/hr

75.00

AJB Participated in conference of the Jenner and Bennazar legal teams to review 

and discuss regulatory provisions applicable to the process of selecting new

ORC chairperson.

1.30

375.00/hr

487.50

04/10/18 FDC Correspondence with J. Marin and C. Nunez regarding the agenda and review of

the bylaws of the Official Committee.

0.20

250.00/hr

50.00

FDC Meet with H. Mayol to review the agendas for the April 12 and 18 Official

Committee meetings.

0.20

250.00/hr

50.00

FDC Preparation of materials and correspondence with R. Gordon about logistics of 

the special meeting with the Official Committee (.3); Correspondence with

members of the Committee and professionals for the next meeting (.3).

0.60

250.00/hr

150.00

HMK Meet with F. del Castillo on final agendas for April 12 and April 18 Committee

meetings.

0.20

375.00/hr

75.00

AJB Received from F. del Castillo proposed agenda for April 12 special ORC meeting

and discussed it with him.

0.20

375.00/hr

75.00

AJB Exchange of notes with Sgt. J. Marin, R. Gordon, F. del Castillo and H. Mayol

on special ORC meeting.

0.30

375.00/hr

112.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 62 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 8

Hrs/Rate Amount

04/10/18 AJB Reviewed by-laws of the ORC in the context of special meeting agenda to elect

a new Chairperson to replace Sgt. J. Marin. Discussed with F. del Castillo.

0.30

375.00/hr

112.50

04/11/18 FDC Correspondence with H. Mayol, R. Gordon, A. J. Bennazar regarding meeting

and logistics of the Official Committee.

0.30

250.00/hr

75.00

FDC Conference with M. Rodriguez and revision of all minutes and documentation of

meetings of the Official Committee.

0.80

250.00/hr

200.00

AJB Various confs throughout day and exchange of notes with C. Steege, F. del

Castillo, H. Mayol, Sgt. J. Marin and R. Gordon on special ORC to be held

tomorrow, to select new Chairperson. Reviewed minutes of prior meetings in

preparation for special meeting. Discussed with F. del Castillo and H. Mayol.

1.60

375.00/hr

600.00

04/12/18 FDC Read and review email from R. Gordon and attachment regarding Official

Committee for PREPA retirees.

0.30

250.00/hr

75.00

FDC Read and review emails from H. Mayol, R. Levin, C. Steege and R. Gordon

regarding the new chair of the Official Committee.

0.40

250.00/hr

100.00

HMK Call M. Fabre and C. Steege to arrange conference on April 18 Committee 

meeting Agenda.

0.20

375.00/hr

75.00

HMK Various emails with C.Steege, R. Levin and R. Gordon on the election of a new 

Committee Chair.

0.50

375.00/hr

187.50

HMK Special meeting to elect new Committee Chair. 2.30

375.00/hr

862.50

AJB Received and reviewed draft agenda for next 18 April ORC meeting. Note to F.

del Castillo.

0.20

375.00/hr

75.00

AJB Meeting with H. Mayol F. del Castillo and Judge M. Fabre, the new chairperson 

of the ORC re; upcoming 18 April regular monthly ORC meeting in PR.

0.40

375.00/hr

150.00

AJB In the afternoon, received note from Judge M. Fabre and sent response. 0.10

375.00/hr

37.50

AJB Participated in exchange of memoranda with C. Steege, R. Levin, R. Gordon, H.

Mayol, F del Castillo, and J. Marchand on election of Judge M. Fabre as new 

ORC chair and next steps to take.

0.40

375.00/hr

150.00

AJB Exchange of memoranda with C. Steege, M. Root, R. Gordon (Jenner) and S.

Gumbs (FTI) on April 18 in-personam ORC meeting in San Juan.

0.70

375.00/hr

262.50

AJB Exchange of memoranda with J. Marchand, C. Steege, R. Levin, H. Mayol on

logistics for conference tomorrow to brief new chair Fabre and to notify the UST.

0.70

375.00/hr

262.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 63 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 9

Hrs/Rate Amount

04/12/18 AJB In the morning, exchange of notes and T/C with M. Root and M. Mayol on the 

special ORC today to elect new chair. Ensuing exchange of correspondence.

Attended ORC special meeting until moment of the election itself. Post-meeting

debriefing with new chair, Judge M. Fabre, H. Mayol and F. del Castillo.

2.60

375.00/hr

975.00

04/13/18 FDC Conference call with C. Nunez, H. Mayol and M. Acevedo regarding meeting

with the ERS Administrator.

0.20

250.00/hr

50.00

FDC Conference call with M. Fabre, H. Mayol, R. Levin and C. Steege regarding the

election of the new chairperson.

0.40

250.00/hr

100.00

FDC Correspondence with M. Root and modification of agenda for the April 18

meeting of the Official Committee.

0.40

250.00/hr

100.00

FDC Conference with H. Mayol regarding committee administration issues. 0.50

250.00/hr

125.00

FDC Read, Review and made comments to presentation prepared by Jenner & Block

for the meeting of the Official Committee.

0.70

250.00/hr

175.00

FDC Translation into Spanish of presentation prepared by Jenner & Block for the

meeting of the Official Committee.

5.50

250.00/hr

1,375.00

HMK Conference with members C. Nufiez, M. Acevedo and F. del Castillo to

coordinate ERS mailing to retirees.

0.20

375.00/hr

75.00

HMK Conference with M. Fabre, F. del Castillo, R. Levin, C. Steege, regarding duties 

of the Chair of the Committee.

0.40

375.00/hr

150.00

HMK Meet with F. del Castillo on Committee administration issues. 0.50

375.00/hr

187.50

AJB Follow up with M. Root and F. del Castillo on logistics and agenda for ORC

regular meeting next Wednesday, April 18, in-personam. Exchange of notes.

0.40

375.00/hr

150.00

04/14/18 FDC Correspondence with Melissa and H. Mayol regarding the presentation from

Jenner & Block to the Official Committee.

0.20

250.00/hr

50.00

FDC Correspondence with H. Mayol and R. Gordon regarding meeting with M. Fabre

prior to meeting with the Official Committee.

0.30

250.00/hr

75.00

FDC Correspondence with M. Root and review of agenda for April 18, 2018 meeting of

the Official Committee (.3); Correspondence with M. Fabre regarding the agenda

for the next meeting of the Committee (.2).

0.50

250.00/hr

125.00

FDC Preparation of minutes of March 15, 2018 meeting of the Official Committee. 3.60

250.00/hr

900.00

HMK Read and redact proposed agenda reply to emails by M. Root and F. del

Castillo.

0.20

375.00/hr

75.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 64 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 10

04/14/18 HMK Read and review Spanish version of Committee presentation to Committee on

April 18 reply to F. del Castillo e-mail.

HMK Redact minutes of special meeting 2008-4 to elect a Chairperson.

HMK Read emails from R. Gordon and M. Root on meeting with Fabre.

HMK Read correspondence from R. Gordon and C. Steege re scheduling of meeting

on April 18 with Committee Chair Marin to coordinate meeting with him prior to

Committee meeting.

04/15/18 FDC Continuation of preparation of minutes of March 15, 2018 meeting of the Official

Committee.

04/16/18 FDC Conference call with M. Fabre regarding the approval of the agenda and tbe

minutes.

FDC Conference call with J. Marchand and H. Mayol regarding the April 18, 2018

meeting of the Official Committee.

FDC Correspondence with M. Root, M. Fabre, M. Acevedo regarding the agenda for

the next meeting.

FDC Conference with H. Mayol and review of the minutes of March 15, 2018.

HMK

HMK

HMK

HMK

Call with J. Marchand to discuss communications report to Committee at

meeting upcoming.

Call with Judge Fabre to update on Committee participation in mediation

sessions.

Call J. Marchand to review and coordinate presentation to Committee onl

Meet with F. del Castillo to define agenda and review minutes.

AJB Received and reviewed proposed minutes of March 15 ORC meeting and

exchange of memoranda between H. Mayol and F. del Castillo.

AJB Received from F. del Castillo the corrected draft minutes of the March 15 ORC

meeting in Spanish and English, and briefly discussed with F. del Castillo.

AJB Several T/C and exchange of notes throughout the day on April 18 ORC meeting

in San Juan.

Hrs/Rate Amount

0.20

375.00/hr

75.00

1.80

375.00/hr

675.00

0.10

375.00/hr

37.50

0.30

375.00/hr

112.50

2.60

250.00/hr

650.00

0.10

250.00/hr

25.00

0.20

250.00/hr

50.00

0.40

250.00/hr

100.00

0.50

250.00/hr

125.00

0.10

375.00/hr

37.50

0.10

375.00/hr

37.50

0.20

375.00/hr

75.00

0.50

375.00/hr

187.50

0.30

375.00/hr

112.50

0.40

375.00/hr

150.00

0.60

375.00/hr

225.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 65 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 11

Hrs/Rate

04/17/18 FDC Review and preparation of documents and logistics for the April 18, 2018 0.80

meeting of the Official Committee. 250.00/hr

HMK Read and review FTI presentation to Committee at meeting. 0.20

375.00/hr

HMK Meet with Jenner and FTI teams to discuss final preparations for Committee 0.50

meeting on April 18. 375.00/hr

04/18/18 FDC Attend meeting of the Official Committee of Retirees. 4.60

250.00/hr

CRI Attended Official Retiree Committee Meeting at Sheraton Convention Center. 4.30

150.00/hr

AJB Attended and participated at meeting of the ORC in San Juan. Post meeting 4.90

exchange of impressions with Judge M. Fabre, new chair. 375.00/hr

04/19/18 FDC Reviewed and made corrections to draft of minutes of the April 12, 2018 meeting 1.90

of the Official Committee. 250.00/hr

04/24/18 AJB Several conferences throughout day with F. del Castillo on ORC meeting 0.60

tomorrow, examined final drafts of minutes of prior meeting and agenda. 375.00/hr

04/25/18 FDC Correspondence with M. Root regarding administrative issues of the Official 0.20

Committee. 250.00/hr

FDC Preparation of documents and logistics for the meeting of the Official 0.90

Committee. 250.00/hr

FDC Meeting of the Official Committee of the Retired Employees. 2.80

250.00/hr

CRI Participated in Official Retiree Committee Meeting^ 2.90

150.00/hr

HMK Attend and host ORC SPECIAL MEETING td 2.80

375.00/hr

AJB Participated in ORC special meeting 2.80

375.00/hr

04/26/18 FDC Draft of minutes of the April 18, 2018 meeting of the Official Committee. 3.70

250.00/hr

[ 82.90

Amount

200.00

75.00

187.50

1.150.00

645.00

1,837.50

475.00

225.00

50.00

225.00

700.00

435.00

1.050.00

1,050.00

925.00

SUBTOTAL: 24,792.50]

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 66 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 12

COMMUNICATIONS WITH RETIREES

Hrs/Rate Amount

04/02/18 FDC Read and review correspondence from F. Diaz and M. Schell regarding

headlines and press coverage relating to pension benefits.

0.20

250.00/hr

50.00

FDC Conference call with J. Marchand regarding presentation to retirees about the

bar date order in the Department of Labor and other media related issues.

0.30

250.00/hr

75.00

FDC Conference call with J. Marchand and M. Schell regarding presentation in the

Department of Labor (.5); Conference call with H. Mayol about same (.2).

0.70

250.00/hr

175.00

HMK Conference call with F. del Castillo to prepare presentation to Retirees in the

Department of Labor.

0.20

375.00/hr

75.00

HMK Conference with R. Aquino, President of PR Govt. Pensioners Assoc, on

responses to Bar Date letter.

0.30

375.00/hr

112.50

04/03/18 HMK Review and edit draft of presentation to Committee members. 0.30

375.00/hr

112.50

FDC Correspondence with M. Root and C. Steege regarding question received by a

retiree.

0.10

250.00/hr

25.00

FDC Correspondence with J. Marchand regarding the participation of members of the

Committee in media outlets.

0.10

250.00/hr

25.00

FDC Correspondence with M. Schell and J. Marchand and review of draft of 

presentation of the Official Committee and talking points for the Department of

Labor.

0.40

250.00/hr

100.00

FDC Correspondence with M. Noguera and answer to several questions from retirees. 0.90

250.00/hr

225.00

FDC Met with J. Marchand, H. Mayol, M. Schell, M. Noguera and A. Heeren

regarding the communication strategy (1.5); Conference call with H. Mayol, J.

1.90

250.00/hr

475.00

Marchand, M. Noguera and M. Schell regarding the presentation for Friday 6 by

some Official committee members (.4).

FDC Read and review email from L. Park of FTI Consultants regarding public

statements of member of the Oversight Board.

HMK Meet at Marchand ICS - F. del Castillo. J. Marchand and staff to review and

redact web page content,!

04/04/18 FDC Read and review email and attachment from M. Schell and made modifications 

to the talking points of the Official Committee.

FDC Correspondence with M. Noguera and draft of answer to questions received in

the Facebook page of the Committee.

0.10 25.00

250.00/hr

1.90 712.50

375.00/hr

0.20 50.00

250.00/hr

0.40 100.00

250.00/hr

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 67 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 13

Hrs/Rate Amount

04/04/18 FDC Correspondence with J. Marchand, M. Noguera and M. Schell - review of

attachment of presentation of the Official Committee and made changes to

document.

1.00

250.00/hr

250.00

FDC Meeting with C. Ntifiez, J. Marchand, M. Schell, H. Mayol and A. J. Bennazar 

regarding presentation of members of the Official Committee in the Department 

of Labor.

2.00

250.00/hr

500.00

AJB Meeting with J. Marchand, M. Schell (Marchand), H. Mayol, F. del Castillo and

C. Nufiez (ORC) to work on presentation to be made this Friday to State

Insurance Fund retirees at the PR Labor Dept.

2.40

375.00/hr

900.00

AJB Received from M. Schell (Marchand) and reviewed proposed PPT presentation

and discussed with F. del Castillo.

0.70

375.00/hr

262.50

04/05/18 FDC Conference call with retiree who called the law firm regarding the Title III cases

under PROMESA.

0.90

250.00/hr

225.00

HMK Review and approve final draft of presentation to retirees on April 6, 2018. 0.30

375.00/hr

112.50

AJB Received from M. Schell (Marchand) and reviewed draft of proposed talking

points for Today's meeting with Marchand team on public diffusion of ORC's role.

0.30

375.00/hr

112.50

04/06/18 FDC Correspondence with M. Noguera and M. Schell regarding a question received

and draft of answer.

0.20

250.00/hr

50.00

FDC Correspondence with M. Root and C. Steege regarding question received by a

retiree.

0.20

250.00/hr

50.00

FDC Meet with H. Mayol regarding the Official Committee website content and

answers to questions.

0.30

250.00/hr

75.00

FDC Correspondence with R. Gordon regarding using additional tools to reach

retirees under the Order Establishing the Procedures for the Retirees to Access 

Information.

0.50

250.00/hr

125.00

HMK Read email from F. del Castillo and J. Marchand on communication via radio

spots, read email response from R. Gordon on same, reply with opinion.

0.20

375.00/hr

75.00

HMK Meet with F. del Castillo on COR Website content and Q&A responses. 0.30

375.00/hr

112.50

AJB Received and read memorandum from F. del Castillo on scope of authority of

ORC in terms of public disclosures as per Court's order establishing procedures

for retirees' access to information, Dkt. 1415; Reviewed order and discussed

with F. del Castillo in the context of possible radio spots. Read exchange of 

notes between R. Gordon and F. del Castillo.

0.70

375.00/hr

262.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 68 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 14

04/06/18 AJB

04/09/18 FDC

FDC

HMK

04/10/18 FDC

04/11/18 FDC

04/12/18 AJB

AJB

04/13/18 AJB

AJB

04/16/18 FDC

AJB

04/17/18 FDC

04/18/18 FDC

FDC

Participated in ORC presentation on the status of the Title III cases to PR State

Insurance Fund retirees at the PR Dept, of Labor.

Conference call with retiree regarding Bar Date Order.

Read and review email and attachments from M. Schell regarding retirement 

systems and column by Jose Carribn.

Read email from F. del Castillo and reply from R. Gordon on communications 

via radio ads.

Read and review email from M. Schell and attachments regarding the editorial of

El Nuevo Dia about pension reforms.

Read and review email from F. Diaz and attachment regarding UCC's program to

inform creditors.

In the afternoon, received from F. Diaz and examined draft

Received and read draft of proposed presentation to be made at the next ORC

by the professional teams, prepared by C. Steege (Jenner) and ensuing

exchange of comments, edits and recommendations by R. Levin and M. Root.

Received from M. Root updated draft incorporating suggested modifications.

Exchange of memoranda with J. Marchand and F. Diaz (Marchand ICS), R.

Gordon and H. Mayol on public statements to be made on new ORC chair.

Reviewed updated and corrected draft of professionals' power point presentation

to the ORC at the next meeting, and following comments, reactions and

additional suggestions by H. Mayol, F. del Castillo, R. Gordon, M. Root, and C

Steege.

Conference call with J. Marchand regarding additional questions received in

website.

ReceivecHrom C. Steege!

F. del Castillo

Reviewed and discussed with

Correspondence with M. Noguera, review of questions from retirees and draft of

answers.

Read and review email from F. Diaz and attachment regarding the Oversight 

Board.

Correspondence with M. Root and J. Marchand regarding the voting process for

the plan of adjustment.

Hrs/Rate Amount

3.40

375.00/hr

1,275.00

0.20

250.00/hr

50.00

0.30

250.00/hr

75.00

0.10

375.00/hr

37.50

0:30

250.00/hr

75.00

0.10

250.00/hr

25.00

0.30

375.00/hr

112.50

1.40

375.00/hr

525.00

0.70

375.00/hr

262.50

0.60

375.00/hr

225.00

0.30

250.00/hr

75.00

1.30

375.00/hr

487.50

0.60

250.00/hr

150.00

0.10

250.00/hr

25.00

0.20

250.00/hr

50.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 69 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 15

04/19/18 FDC

FDC

FDC

04/20/18 FDC

FDC

FDC

FDC

HMK

AJB

04/22/18 FDC

04/23/18 FDC

FDC

FDC

FDC

FDC

FDC

Correspondence with H. Mayol and C. Steege regarding question received from

retiree.

Correspondence with J. Marchand regarding media inquiry for the Official

Committee and agenda for the meeting of the Sub Committee.

Read and review communications from M. Schell and F. Diaz and several

attachments regarding press coverage of pension cuts under the Fiscal Plan.

Correspondence with H. Mayol regarding proposed answer to question received

by retiree.

Research regarding voting process for plan of adjustment.

Conference call with C. Nufiez, Vice Chair of the Official Committee regarding

scheduling of meeting with the Movimiento Pro Pensionados.

Meeting of the Sub Committee of Communications of the Official Committee.

Attend meeting of Communications subcommittee, provide update on FOMB

certified CW Fiscal Plan.

Received and read memorandum from F. del Castillo on results of the ORC's

communications sub-committee. Brief conference F. del Castillo re: same.

Ensuing exchange of notes H. Mayol and F. del Castillo.

Read and review emails from M. Schell and several attachments regarding radio

ads and press coverage of pension cuts.

Correspondence with F. Diaz regarding!

Read and review emails from M. Schell and F. Diaz and several attachments 

regarding press coverage of pension reforms and fiscal plan.

Conference call with J. Marchand regarding radio ads about Bar date Order (.1);

correspondence with J. Marchand and H. Mayol regarding same (.2).

Correspondence with M. Nogueras and J. Marchand and answer of questions 

received on the website of the Official Committee.

Conference call with H. Mayol and J. Marchand regarding meeting with El

Movimiento Pro Pensionados.

Conference call and correspondence with C. NGfiez regarding agenda of

meeting with El Movimiento Pro Pensionados.

Hrs/Rate

0.30

250.00/hr

0.30

250.00/hr

0.40

250.00/hr

0.30

250.00/hr

0.50

250.00/hr

0.30

250.00/hr

2.20

250.00/hr

1.00

375.00/hr

0.40

375.00/hr

0.40

250.00/hr

0.20

250.00/hr

0.30

250.00/hr

0.30

250.00/hr

0.60

250.00/hr

0.20

250.00/hr

0.30

250.00/hr

Amount

75.00

75.00

100.00

75.00

125.00

75.00

550.00

375.00

150.00

100.00

50.00

75.00

75.00

150.00

50.00

75.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 70 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 16

04/23/18 FDC Conference call with C. Nuftez regarding meeting with El Movimiento Pro

Pensionados and draft of agenda for meeting.

HMK Read recent questions from pensioners and consider responses.

HMK Read and edit draft script for radio spot.

HMK Write memoranda to Jenner counsel on topics for April 25, 2018 Committee

meeting.

04/24/18 FDC

FDC Correspondence with M. Root and M. Noguera regarding the voting process of

the plan of adjustment.

FDC Correspondence with H. Mayol, M. Schell and J. Marchand with modifications 

to text of radio ad regarding bar date order.

FDC Correspondence with R. Gordon regarding correction of Carrion's statement 

about pension cuts in Detroit and read/review multiple responses from legal

teams and actuaries regarding same.

FDC Read and review draft of presentation from the Official Committee to the

Movimiento Pro Pensionado and correspondence from M. Schell.

FDC Several conference calls with J. Marchand regarding meeting with el Movimiento

Pro-Pensionados and other communication issues.

HMK Prepare draft for Committee press release on Fiscal Plan.

AJB Received and examined memorandum from F. del Castillo and exchange of

observations and comments from H. Mayol, J. Marchand, R. Gordon, K. Nicholl,

J. Libauskas (Segal) on the recent public statements made by J. Carridn, chair 

of the FOMB, insisting on pension cuts, and urgency of elaborating a public

response from ORC and exchange of proposed approaches.

AJB

FOMB chair Carridn's public statements insisting on pension cuts and making

misleading references to pension cuts in Detroit. Read R. Gordon's recount on

the accurate information regarding Detroit, and ensuing exchange of suggested

edits to the proposed text from J. Libauskas (Segal), R. Levin, C. Steege

(Jenner), S. Gumbs (FTI), H. Mayol and F. del Castillo.

04/25/18 FDC Correspondence with legal teams and actuaries regarding public statement by

J. Carrion regarding the pension cuts in Detroit and review of response by the 

Official Committee.

Hrs/Rate

0.40

250.00/hr

0.20

375.00/hr

0.20

375.00/hr

0.10

375.00/hr

0.20

250.00/hr

0.20

250.00/hr

0.60

250.00/hr

1.90

250.00/hr

0.30

250.00/hr

0.70

250.00/hr

0.30

375.00/hr

0.80

375.00/hr

2.90

375.00/hr

0.80

250.00/hr

Amount

100.00

75.00

75.00

37.50

50.00

50.00

150.00

475.00

75.00

175.00

112.50

300.00

1,087.50

200.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 71 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 17

Hrs/Rate

04/25/18 FDC Meeting with El Movimiento pro Pensionado for presentation of the Official 2.50

Committee and participation of several members of the Committee. 250.00/hr

HMK Attend meeting of the Movimiento Pro Pensionados group and present update of 2.20

the Official Committee's activities to date. 375.00/hr

statements to elaborate a public statement on behalf of the ORC to publicly set 375.00/hr 

the record straight about the misleading statements made by FOMB Chair in

support of pension cuts, and his unreasonable comparison to Detroit. Received

and read updated draft by C. Steege.

AJB Received from K. Zeituni (Paul Weiss) transcript of a radio interview to Jose 1.20

Carridn, Chairperson of the FOMB, where he claims that the bondholders "have 375.00/hr 

more rights" than the pensioners, and an ensuing exchange of reactions and

memoranda from R. Gordon, C. Steege, M. Root and F. del Castillo on the need

for the ORC to issue another strong public pronouncement.

04/26/18 FDC Conference call with H. Mayol and C. Steege regarding response to comments 0.60

of J. Carridn (.2); correspondence with professionals about same (.4). 250.00/hr

FDC Draft of presentation of retirement benefits to the Sub Committee of 4.60

Communications of the Official Committee. 250.00/hr

HMK Review and edit final Spanish version of Committee press release. 0.10

375.00/hr

04/27/18 FDC Read and review email and attachment by F. Diaz regarding press coverage of 0.50

press release of the Official Committee and correspondence with members of 250.00/hr 

legal team regarding same.

‘ HMK Read report from Marchand ICS on media, coverage of the Committee press 0.10

release - reaction to J. Carridn statements on pension cuts. 375.00/hr

04/30/18 FDC Continued working on presentation of retirement benefits to the Sub Committee 3.50

of Communications of the Official Committee. 250.00/hr

SUBTOTAL: 62.60

CONTESTED MATTERS-GO / COFINA

04/10/18 HMK Read and consider question by R. Levin

respond via email.

0.20

375.00/hr

Amount

625.00

825.00

675.00

450.00

150.00

1,150.00

37.50

125.00

37.50

875.00

18,987.50]

75.00

SUBTOTAL: [ 0.20 75.00 ]

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 72 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 18

COURT HEARINGS

Hrs/Rate Amount

04/05/18 AJB Received and examined Ambac's informative motion on April 10 hearing in Adv.

Proceeding 257, Dkt. 426.

0.10

375.00/hr

37.50

AJB Received and read Commonwealth Agent's informative motion on upcoming

court hearing, Adv. Proceed 257, Dkt. 423.

0.20

375.00/hr

75.00

AJB Exchange of notes with R. Gordon, C. Steege on possible adjournment of April

10 hearing.

0.30

375.00/hr

112.50

04/06/18 AJB Received and read FOMB's informative motion, Adv. 257, Dkt. 431. 0.10

375.00/hr

37.50

AJB Received and read PR Funds' informative motipn on upcoming hearing, Adv.

Proced. 257, Dkt. 428.

0.10

375.00/hr

37.50

04/11/18 AJB Received and read FOMB's informative motion on April 21 Omnibus hearing,

Dkt. 2883.

0.10

375.00/hr

37.50

04/20/18 AJB Received and read the informative motion by UCC acting as Commonwealth 

agent regarding April 25 omnibus hearing, Docket 2918.

0.10

375.00/hr

37.50

AJB Received and examined informative motion of the AD HOC GO bondholders on

April 25 omnibus hearing.

0.10

375.00/hr

37.50

AJB Received and read FOMB's informative motion on April 25, Docket 459. 0.10

375.00/hr

37.50

AJB Received and read Cofina agent's informative motion on omnibus hearing,

Docket 2927.

0.10

375.00/hr

37.50

AJB Received and read PR Funds' informative motion on omnibus hearing, Docket

2930.

0.10

375.00/hr

37.50

SUBTOTAL: [

ERS BOND ISSUES

1.40 525.00

04/10/18 FDC Conference with H. Mayol, A. J. Bennazar and C. Ramirez regarding ERS

bondholders claims.

0.60

250.00/hr

150.00

HMK Read ERS Supplemental Brief in reply to ERS Bondholder matter participated in

discussion with A. J. Bennazar, F. del Castillo and C. Ramirez.

0.60

375.00/hr

225.00

CRI Meeting with A. J. Bennazar, H. Mayol and F. del Castillo to discuss liens on

Commonwealth and Public Service Agencies. Discuss Sec. 544 of the US

Bankruptcy Code (avoidance of preferred liens) in the context of applicable P.R.

Civil law. Continued research on P.R. applicable laws.

4.60

150.00/hr

690.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 73 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 19

04/10/18 AJB Reviewed correspondence on ERS bondholders' claims; Conference with C. 0.90

Ramirez and then with H. Mayol, F. del Castillo and C. Ramirez to discuss 375.00/hr 

legal theory on validity of POBs. Follow up with C. Ramirez on results of his

research.

Hrs/Rate

SUBTOTAL: 6.70

ERS DECLARATORY JUDGMENT ADVERSARY

04/09/18 FDC Read and review docket in Case:17-00213-LTS Doc#:211 Filed:04/09/18. 0.20

250.00/hr

04/11/18 FDC Read and review docket in ,Case:17-00213-LTS Doc#:213 Filed:04/11/18. 0.10

250.00/hr

04/24/18 AJB Received and read adversary proceeding complaint (18-0041.91) filed by Ren6 2.80

Pinto Lugo, several labor unions and other NGO's seeking a ruling that the 375.00/hr

FOMB and its powers are inconstitutional, to stay adoption of the fiscal plans

until an audit is done on P.R.'s debt, to ban the Commonwealth from selling

PREPA and to make the US government assume Puerto Rico's debt, Dkt.

2951, and ensuing exchange of comments from C. Steege, R. Gordon and H.

Mayol.

SUBTOTAL: [ 3.10

FISCAL PLAN/PLAN OF ADJUSTMENT

04/01/18 HMK Read emails to coordinate strategy meeting on Fiscal Plan.

04/02/18 HMK jyhyt(

HMK Read Rossello letter to FOMB.

0.10

375.00/hr

0.10

375.00/hr

0.20

375.00/hr

HMK Read and consider Governor response to letters from FOMB of 4/2/18, position 0.20

on Pension cuts. 375.00/hr

HMK Read emails and attached documents from

HMK Read FOMB letter March 28, 2017.

HMK Read FOMB letter of violations in UPR and HTA fiscal plans submitted.

0.30

375.00/hr

0.30

375.00/hr

0.30

375.00/hr

Amount

337.50

1,402.50]

50.00

25.00

1,050.00

1,125.00]

37.50

37.50

75.00

75.00

112.50

112.50

112.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 74 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 20

Hrs/Rate Amount

04/02/18 HMK Read FOMB letter to Governor on required changes to PREPA and PRASA

Fiscal Plans.

0.40

375.00/hr

150.00

04/03/18 FDC Read and review email from L. Park of FTI and attachments regarding the latest 

version of the Fiscal Plan for the Commonwealth of Puerto Rico.

0.50

250.00/hr

125.00

04/04/18 HMK Read Information on development of the Plan of Adjustment by Financial

Advisors.

0.40

375.00/hr

150.00

HMK Read Joint Resolution of the PR Legislative Assembly ordering PR Treasury to 

stop making payments to FOMB.

0.20

375.00/hr

75.00

HMK Write email to professionals on possible effects of legislative action. 0.20

375.00/hr

75.00

AJB Exchange of correspondence, comments and memoranda among R. Levin, C.

Steege, R. Gordon, H. Mayol on PR Senate Resolution 215. Received from H.

Mayol and read full text of the resolution.

0.60

375.00/hr

225.00

04/05/18 AJB Received from F. del Castillo and read essay on municipal bankruptcy case law 

in the context of the development of a plan of adjustment.

0.40

375.00/hr

150.00

AJB Received from F. del Castillo an updated progress report to the ORC on the 

adversary proceedings in which the ORC has intervened, and the procedural

status of each case, and related documents. Brief conference with F. del

Castillo.

0.80

375.00/hr

300.00

04/06/18 FDC Read and review April 5, 2018 Commonwealth Fiscal Plan and comparison to

previous version of the plan.

0.80

250.00/hr

200.00

HMK Read letter from Governor Rosselld in opposition to fiscal plan. 0.20

375.00/hr

75.00

04/10/18 HMK Read and consider EL Nuevo Dia editorial favoring pension cuts and write brief 

to professionals.

2.00

375.00/hr

750.00

04/16/18 AJB Reviewed and read exchange of memoranda between R. Gordon, H. Mayol, C.

Steege and S. Gumbs (FTI)on announcement made by FOMB on the Fiscal

Plan and publicly insisting on pension cuts.

0.40

375.00/hr

150.00

04/19/18 FDC Review of the Fiscal Plan presented by the Oversight Board and preparation of

comments regarding pension reforms.

4.50

250.00/hr

1,125.00

HMK Read and consider F. del Castillo's email on comments to Section 8 and

Pension Reform of certified CW Fiscal Plan.

0.10

375.00/hr

37.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 75 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 21

04/19/18 HMK Listen to Governor Rossello's radio message and press conference on reaction

to FOMB certified fiscal plan, write email report on Governor's position against 

labor reform, pension cuts.

HMK Attend FOMB Meeting in San Juan, represent Committee in debate on approval

and certification of Commonwealth, PREPA and PRASA fiscal plans.

AJB Received and examined proposed Fiscal Plan, Commonwealth Debt Summar

and!

04/20/18 FDC Correspondence with S. Gumbs, H. Mayol, R. Gordon and C. Steege regarding

the certification of the Fiscal Plan for the Commonwealth of Puerto Rico.

FDC Correspondence with S. Gumbs and H. Mayol regarding tax treatment of

retirees.

04/23/18 AJB Meeting with H. Mayol and F. del Castillo to review and analize pension reform

as per the FOMB's fiscal plan.

AJB Continued review of FOMB's latest fiscal plan proposal in light of the

Commonwealth government's proposed tax reform to gauge the potential effect

on pensioners.

04/25/18 FDC Read and review letters from the Oversight Board to US Rep. R. Bishop and to

the Governor/Senate and House of Representatives, date April 24, 2018.

SUBTOTAL:

GO BOND ISSUES

04/04/18 CRI Meeting with A. J. Bennazar and FDC to discuss research of the US Jones

Act provisions as incorporated in the PR Constitution regarding preference

of GO obligations. Began research.

AJB Conference with C. Ramirez and F. del Castillo on GO'S reliance on P.R.

Constitution to claim priority and origins of said provisions.

04/05/18 CRI Research Jones Act vis a via PR Constitution. Read and analyze PR

' Informed AJB dh resultsof inquiry.

04/10/18 HMK Participate in GO Bondholders Conference call with A. J. Bennazar, F. del

Castillo and C. Ramirez, consider supplemental brief of GO Bondholders.

AJB Participate in T/Conference with H. Mayol, F. del Castillo and C. Ramirez to

SUBTOTAL:

Hrs/Rate Amount

0.30

375.00/hr

112.50

4.50

375.00/hr

1,687.50

3.40

375.00/hr

1,275.00

0.40

250.00/hr

100.00

0.20

250.00/hr

50.00

0.80

375.00/hr

300.00

2.20

375.00/hr

825.00

0.30

250.00/hr

75.00

25.40 8,687.50

2.60

150.00/hr

390.00

0.70

375.00/hr

262.50

7.80

150.00/hr

1,170.00

0.40

375.00/hr

150.00

0.60

375.00/hr

225.00

12.10 2,197.50]

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 76 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 22

MEDIATION

AJB

Hrs/Rate Amount

0.20

250.00/hr

50.00

0.30

375.00/hr

112.50

0.20

375.00/hr

75.00

0.20

375.00/hr

75.00

0.30

375.00/hr

112.50

0.10

250.00/hr

25.00

0.10

375.00/hr

37.50

0.20

375.00/hr

75.00

1.00

375.00/hr

375.00

0.40

375.00/hr

150.00

0.20

375.00/hr

75.00

0.10

375.00/hr

37.50

0.20

375.00/hr

75.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 77 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 23

04/04/18 HMK

FDC

FDC

FDC

FDC

AJB

AJB

AJB

AJB

AJB

AJB

AJB

AJB

AJB

04/05/18 FDC

Hrs/Rate Amount

1.00

375.00/hr

375.00

0.20

250.00/hr

50.00

0.40

250.00/hr

100.00

1.00

250.00/hr

250.00

1.00

250.00/hr

250.00

0.10

375.00/hr

37.50

0.40

375.00/hr

150.00

0.50

375.00/hr

187.50

0.70

375.00/hr

262.50

0.90

375.00/hr

337.50

0.10

375.00/hr

37.50

0.30

375.00/hr

112.50

0.60

375.00/hr

225.00

0.80

375.00/hr

300.00

0.20

250.00/hr

50.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 78 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 24

04/05/18 FDC

HMK

HMK

AJB

AJB

04/06/18 HMK

HMK

.04/08/18 HMK

04/09/18 AJB

04/12/18 FDC

AJB

04/13/18 FDC

FDC

HMK

AJB

AJB

Hrs/Rate Amount

0.60

250.00/hr

150.00

0.10

375.00/hr

37.50

0.10

375.00/hr

37.50

0.20

375.00/hr

75.00

0.10

375.00/hr

37.50

0.10

375.00/hr

37.50

0.60

375.00/hr

225.00

0.10

375.00/hr

37.50

2.30

375.00/hr

862.50

0.10

250.00/hr

25.00

0.20

375.00/hr

75.00

0.50

250.00/hr

125.00

0.60

250.00/hr

150.00

0.60

375.00/hr

225.00

0.90

375.00/hr

337.50

0.40

375.00/hr

150.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 79 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 25

Hrs/Rate

04/15/18 HMK Read emailsl

HMK Call with R. Levin!

04/16/18 AJB Reviewed and read

AJB Received and

AJB Received

AJB Received and read ai

04/17/18 FDC Read and review email

HMK Readl

HMK Studyl

AJB Received

04/18/18 FDC Meeting with

HMK Meet Chair Fabre

HMK Attendi

0.20

375.00/hr

0.10

375.00/hr

0.10

375.00/hr

0.30

375.00/hr

0.60

375.00/hr

. 1.20

375.00/hr

0.10

250.00/hr

0.10

375.00/hr

0.30

375.00/hr

0.20

375.00/hr

1.50

250.00/hr

1.50

375.00/hr

4.60

375.00/hr

0.10

250.00/hr

Amount

75.00

37.50

37.50

112.50

225.00

450.00

25.00

37.50

112.50

75.00

375.00

562.50

1,725.00

04/19/18 FDC Read and review) 25.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 80 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 26

04/19/18 AJB

04/21/18 AJB

AJB

04/23/18 FDC

FDC

FDC

FDC

AJB

HMK

HMK

HMK

HMK

HMK

CRI

AJB

Hrs/Rate

1.40

250.00/hr

Conference call 1.20

250.00/hr

1.40

250.00/hr

0.80

375.00/hr

0.80

375.00/hr

1.00

375.00/hr

Conference call 1.20

375.00/hr

Amount

225.00

75.00

75.00

250.00

350.00

300.00

350.00

300.00

300.00

375.00

450.00

525.00

525.00

120.00

225.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 81 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 27

04/23/18 AJB

04/24/18 HMK

HMK

FDC

FDC

HMK

AJB

AJB

AJB

AJB

AJB

04/25/18 FDC

FDC

AJB

Hrs/Rate Amount

0.50

375.00/hr

187.50

1.00

375.00/hr

375.00

1.20

250.00/hr

300.00

1.60

250.00/hr

400.00

0.40

375.00/hr

150.00

1.60

375.00/hr

600.00

1.10

375.00/hr

412.50

150.00

0.80

375.00/hr

300.00

0.40

375.00/hr

150.00

0.10

250.00/hr

25.00

0.60

250.00/hr

150.00

0.10

375.00/hr

37.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 82 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 28

Hrs/Rate

0.50

375.00/hr

HMK Read and 0.20

375.00/hr

AJB 0.40

375.00/hr

04/29/18 FDC Read and review 0.10

250.00/hr

0.20

375.00/hr

04/30/18 AJB Meeting with 0.30

375.00/hr

1.00

250.00/hr

0.30

375.00/hr

HMK 1.00

375.00/hr

HMK Call R. Gordon to consider 0.20

375.00/hr

Amount

262.50

75.00

187.50

75.00

150.00

225.00

150.00

25.00

75.00

112.50

250.00

112.50

375.00

75.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 83 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 29

Hrs/Rate

0.10

375.00/hr

0.10

375.00/hr

SUBTOTAL: 62.50

PENSION ANALYSIS

04/02/18 FDC Research regardin'

HMK Stud

AJB Received and read exchange of correspondence between F. del Castillo and C.

Steege, R. Levin (Jenner), K. Nicholl (Segal) on FOMB's proposal to include PR

government employees under the US Social Security Act (28 USC418) and

1.30

250.00/hr

0.40

375.00/hr

1.40

375.00/hr

AJB Received and examined AFFAF's public statement on the PR Government 

active employees' contributions to their retirement, in the context of

"pay-as-you-go" system and ensuing exchange of notes and memoranda

between F. Diaz and J. Marchand (Marchand ICS) and H. Mayol, C. Ramirez,

F. del Castillo and several ORC members.

04/09/18 FDC Conference calll

FDC Conference call with

HMK Calli

AJB Participated in

04/10/18 FDC Read and review!

04/11/18 FDC Conference with H. Mayol(

0.50

375.00/hr

0.30

250.00/hr

1.30

250.00/hr

0.20

375.00/hr

0.30

375.00/hr

0.10

250.00/hr

0.10

250.00/hr

Amount

37.50

37.50

412.50

21,232.50]

325.00

150.00

525.00

187.50

75.00

325.00

75.00

112.50

25.00

25.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 84 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 30

Hrs/Rate

04/11/18 FDC Legal research and preparation of memorandum regardin

HMK Meet with F. del Castillo to consider!

HMK Call Miriam Rivera, Esq tol

HMK Read email and consider information from M Rivera.

HMK Read and consider F. del Castillo memo onl

HMK Redact F. del Castillo memo and write email tol

HMK Research legislative history of increases to ERS, TRS and JRS basic pensions

and post employment benefits.

AJB Received memorandur^ron^^le^astillcm^h^tatutei^nactecnD^h^R

^gisiatureflH^^HHHH^|HHHHHH|HHHHHHm|

ensuing exchange of memoranda between H. Mayol, F. del Castillo, R. Gordon.

AJB T?eviewecHh^ext&

Mayol and discussed with him

04/19/18 AJB Received memorandum from H. Mayol with text of!

Reviewed and read memorandum from H.

04/20/18 CRI Research on P.R. tax laws applicable to pensioners. Drafted table for Sean

Gumbs (FTI), as requested by H. Mayol, on applicable tax notes to pensioners.

Informed A. J. Bennazar.

AJB Received and read correspondence between S. Gumbs (FTI), H. Mayol and C.

Ramirez onf_________________ ________________________________

^Further review of proposed

tax legislation.

04/22/18 FDC Read and review memoranda from H. Mayol, S. Gumbs and R. Levin regarding

Discussed with C. Ramirez.

04/23/18 FDC Conference with A. J. Bennazar and H. Mayol regarding pension reform under 

the Certified Fiscal Plan.

4.70

250.00/hr

0.10

375.00/hr

0.10

375.00/hr

0.10

375.00/hr

0.20

375.00/hr

0.30

375.00/hr

0.40

375.00/hr

0.60

375.00/hr

0.80

375.00/hr

2.80

375.00/hr

3.20

150.00/hr

2.30

375.00/hr

0.40

250.00/hr

0.80

250.00/hr

Amount

1.175.00

37.50

37.50

37.50

75.00

112.50

150.00

225.00

300.00

1.050.00

480.00

862.50

100.00

200.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 85 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 31

Hrs/Rate

04/23/18 AJB Received and read exchange of memoranda between S. Gumbs (FTI)

(Jenner) and H. Mayol onf^

R. Levin 2.10

375.00/hr

04/24/18 FDC Review of the Puerto Rico Fiscal Agency and Financial Advisory Authority 0.20

request for proposals to perform an independent evaluation of available data 250.00/hr 

regarding the pension liability and benefits of participants, beneficiaries and

pensioners.

04/30/18 AJB Received and read presentation prepared by F. del Castillo for upcoming

meeting with the ORC communications sub-committee on the different

0.90

375.00/hr

SUBTOTAL: [ 26.90

UTIER ADVERSARY PROCEEDING

04/13/18 AJB Exchange of correspondence with R. Gordon, H. Mayol on need to have 0.80

PREPA retirees represented by a committee, either the ORC or a different one. 375.00/hr 

Further exchange of memoranda with R. Gordon, H. Mayol following Gordon's 

T/C with UST.

AJB Received from R Gordon copy of his correspondence with UST on PREPA 0.40

retirees' representation, in context of scope of original ORC designation prior to 375.00/hr 

filing of PREPA's Title III case, and related documents.

SUBTOTAL: [ 1.20

Amount

787.50

50.00

75.00

112.50

100.00

337.50

8,130.00 ]

300.00

150.00

450.00 ]

FOR PROFESSIONAL SERVICES RENDERED 313.10 $96,567.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 86 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 32

ADDITIONAL CHARGES:

Amount

EXPENSES BGM

04/12/18 DOCUMENT REPRODUCTION 10.80

04/17/18 DOCUMENT REPRODUCTION 11.30

DOCUMENT REPRODUCTION (EXTERNAL SERVICES) 132.69

04/25/18 DOCUMENT REPRODUCTION 12.00

04/27/18 POSTAGE (MAILING SERVICES) 27.90

04/30/18 DOCUMENT REPRODUCTION (EXTERNAL SERVICES) 138.48

SUBTOTAL: [ 333.17 ]

TOTAL ADDITIONAL CHARGES $333.17

TOTAL AMOUNT OF THIS BILL $96,900.67

FOR PROFESSIONAL SERVICES RENDERED THROUGH APRIL 30, 2018

ATTORNEY SUMMARY

NAME

ANTONIO JUAN BENNAZAR ZEQUEIRA 

CARLOS R. RAMIREZ ISERN

FRANCISCO DEL CASTILO OROZCO

HOURS RATE AMOUNT

108.00 375.00 $40,500.00

26.20 150.00 $3,930.00

119.60 250.00 $29,900.00

HECTOR MAYOL KAUFFMANN 59.30 375.00 $22,237.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 87 of 111
BENNAZAR, GARCIA & MILIAN, C.S.P.

APARTADO POSTAL 194000 NUM. 212

SAN JUAN, PUERTO RICO 00919-4000

Telefono: (787) 754-9191

Fax: (787) 764-3101

maiireen.auevedo@bennazai~.org

bgm.csp@bwinazar.org

Num. S.S. 66-0535704

June 19, 2018

Invoice #180502

OFFICIAL COMMITTEE OF RETIRED EMPLOYEES

MIGUEL J. FABRE RAMfREZ

CHAIRPERSON

RE: COMMONWEALTH OF PUERTO RICO

CASE NUMBER 17-BK-03283

FOR PROFESSIONAL SERVICES RENDERED THROUGH MAY 31, 2018

Hrs/Rate Amount

2004 INVESTIGATION

05/15/18 AJB Received and read UCC's unopposed motion to file renewed Bankruptcy Rule

2004 motion under seal, Dkt. 3067.

0.20

375.00/hr

75.00

AJB Received and read UCC's renewed motion seeking entry of order under 

Bankruptcy Rule 2004, authorizing discovery with respect to certain causes of

P.R. financial crisis, and exhibits (547 pages), Dkt. 3066, partially redacted.

6.80

375.00/hr

2,550.00

05/22/18 AJB Received and read motion by Santander Securities et als in opposition to UCC's

motion seeking order under Bankruptcy Rule 2004, Dkt. 3120.

0.40

375.00/hr

150.00

05/23/18 AJB Received and read AFFAF's opposition to UCC's renewed motion for an order 

under Bankruptcy Rule 2004 authorizing discovery of certain causes of P.R.

financial crisis, Dkt. 3125.

0.20

375.00/hr

75.00

SUBTOTAL: [

AMBAC/ASSURED ADVERSARY PROCEEDING

7.60 2,850.00]

05/14/18 AJB Received and read Assured Guaranty Corp. et als reply in further support of

theirjoinder to motion to compel compliance with February 26 court order in

case 4780, Dkt. 826, and Dkt. 3060 in 3283, and attachments.

0.70

375.00/hr

262.50

05/23/18 AJB Received and reviewed 5 electronic memoranda from D. P6rez-Seda (Casillas)

with the exhibits to the complaint in Adv. Proceed. 18-0059.

2.10

375.00/hr

787.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 88 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 2

Hrs/Rate Amount

05/23/18 AJB Received and read Assured Guaranty Corp's Adv. Complaint 18-0059, Dkt. 1

against FOMB to challenge certified fiscal plan for alleged non-compliance with

Promesa or the US Constitution, also Dkt. 3126 in case 17-3283, and

supporting documents.

3.80

375.00/hr

1,425.00

SUBTOTAL: [

i

CASE ADMINISTRATION

6.60 2,475.00

05/01/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2977-2984.

0.10

375.00/hr

37.50

FDC Read and review docket in Case:17-03283-LTS Doc#:2986 Filed:05/01/18. 0.20

250.00/hr

50.00

05/02/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2985-2989.

0.10

375.00/hr

37.50

AJB Meeting with H. Mayol and F. del Castillo to discuss the objectives of the

meetings in New York for mediation and Chicago for the discussion of the latest

certified fiscal plan and the effect on pension benefits.

0.50

375.00/hr

187.50

HMK Meeting with A. J. Bennazar and F. del Castillo to discuss the objectives of the

meetings in New York for mediation and Chicago for discussion of the latest

certified fiscal plan and the proposed Cofina settlement.

0.50

375.00/hr

187.50

FDC Meeting with H. Mayol and A. J. Bennazar in relation to the upcoming meetings

in New York for mediation and Chicago for the discussion of the FOMB's

certified fiscal plan and the effect on pension benefits.

0.50

250.00/hr

125.00

05/03/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

2990-3002.

0.10

375.00/hr

37.50

05/05/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

3004-3020.

0.20

375.00/hr

75.00

05/07/18 AJB Received from M. Root agenda for ORC professionals meeting today. 0.10

375.00/hr

37.50

FDC Read and review docket in Case: 17-03283-LTS Doc#:3029 Filed:05/07/18. 0.10

250.00/hr

25.00

05/08/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

3021-3030.

0.10

375.00/hr

37.50

FDC Read and review docket in Case: 17-03283-LTS Doc#:3032 Filed:05/08/18. 0.20

250.00/hr

50.00

05/09/18 AJB Received and read UCC's first supplemental verified statement, Dkt. 3036. 0.20

375.00/hr

75.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 89 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 3

Hrs/Rate Amount

05/09/18 FDC Read and review docket in Case:17-03283-LTS Doc#:3036 Filed:05/09/18. 0.10

250.00/hr

25.00

05/10/18 HMK Conference with A. J. Bennazar and F. del Castillo to consider task distribution 

and planning.

0.20

375.00/hr

75.00

05/11/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

3031-3040.

0.10

375.00/hr

37.50

FDC Read and review docket in Case: 17-00197-LTS Doc#:57 Filed:05/11/18. 0.30

250.00/hr

75.00

05/14/18 FDC Read and review docket in Case:17-04780-LTS Doc#:824 Filed:05/14/18. 0.10

250.00/hr

25.00

FDC Read and review docket in Case:18-00024-LTS,Doc#:21 Filed:05/14/18. 0.10

250.00/hr

25.00

FDC Read and review docket in Case:17-03283-LTS Doc#:3061 Filed:05/14/18. 0.20

250.00/hr

50.00

05/15/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

3041-3061.

0.20

375.00/hr

75.00

FDC Read and review docket in Case:18-00028-LTS: Doc#:10 Filed:05/15/18 (.1);

Doc#: 11 Filed:05/15/18 (.1).

0.20

250.00/hr

50.00

FDC Read and review email from C. Steege and attachment of motion to compel the 

Commonwealth with the first interim compensation period.

0.20

250.00/hr

50.00

FDC Read and review docket in Case:17-03283-LTS: Doc#:3060 Filed:05/14/18 (.2);

Doc#:3064 Filed:05/15/18 (.1); Doc#:3066 Filed:05/15/18 (.3); Doc#:3067

Filed:05/15/18 (.1).

0.70

250.00/hr

175.00

05/16/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

3062-3070.

0.10

375.00/hr

37.50

AJB Received and read exchange of correspondence with M. Root, R. Levin, C.

Steege and H. Mayol on ORC meeting set for May 23.

0.30

375.00/hr

112.50

FDC Read and review docket in Case:17-03283-LTS Doc#:3074 Filed:05/16/18 (.1);

Doc#:3075 Filed:05/16/18 (.1).

0.20

250.00/hr

50.00

05/17/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

3071-3080.

0.10

375.00/hr

37.50

AJB Received and read FOMB's urgent motion for extension of deadlines of fourth

amended notice, case management and administrative procedures, Dkt. 3091,

and proposed order.

0.20

375.00/hr

75.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 90 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 4

Hrs/Rate Amount

05/17/18 FDC Read and review docket in Case:17-03283-LTS Doc#:3092 Filed:05/17/18. 0.10

250.00/hr

25.00

05/18/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

3081-3094.

0.20

375.00/hr

75.00

FDC Read and review docket in Case:17-03283-LTS Doc#:3097 Filed:05/18/18 (.1);

Doc#:3098 Filed:05/19/18 (.1).

0.20

250.00/hr

50.00

05/21/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

3095-3099.

0.10

375.00/hr

37.50

FDC Read and review docket in Case:17-03283-LTS Doc#:3100 Filed:05/21/18. 0.10

250.00/hr

25.00

FDC Correspondence with C. Steege regarding agreement between the Oversight 

Board and the Governor of PR - labor reform.

0.30

250.00/hr

75.00

05/22/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

3100-3112.

0.10

375.00/hr

37.50

FDC Read and review docket in Case:17-04780-LTS: Doc#:836 Filed:05/22/18 (.1);

Doc#:837 Filed:05/22/18 (.1); Doc#:840 Filed:05/23/18 (.1).

0.30

250.00/hr

75.00

FDC Read and review docket in Case: 17-03283-LTS: Doc#:3114 Filed:05/22/18 (.1);

Doc#:3115 Filed:05/22/18 (.1); Doc#:3117 Filed:05/22/18 (.2); Doc#:3119

Filed:05/22/18 (.1); Doc#:3120 Filed:05/22/18 (.1); Doc#:3121 Filed:05/22/18 

(.1); Doc#:3123 Filed:05/22/18 (.3).

1.00

250.00/hr

250.00

05/23/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

3113-3124.

0.10

375.00/hr

37.50

FDC Read and review docket in Case:17-03283-LTS: Doc#:3125 Filed:05/23/18 (.1);

Doc#:3127 Filed:05/23/18 (.1); Doc#:3128 Filed:05/23/18 (.1); Doc#:3130

Filed:05/23/18 (.1); Doc#:3132 Filed:05/23/18 (.1).

0.50

250.00/hr

125.00

05/24/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

3125-3133.

0.10

375.00/hr

37.50

FDC Read and review docket in Case: 17-03283-LTS Doc#:3139 Filed:05/24/18. 0.10

250.00/hr

25.00

FDC Read and review docket in Case: 17-03283-LTS Doc#:3138 Filed:05/24/18 (.1);

Case: 17-03283-LTS Doc#:3142 Filed:05/24/18 (.1); Case: 17-03283-LTS 

Doc#:3140 Filed:05/24/18 (.1).

0.30

250.00/hr

75.00

FDC Read and review docket in Case:18-00059-LTS Doc#:1 Filed:05/23/18. 0.70

250.00/hr

175.00

05/25/18 AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

3134-3148.

0.20

375.00/hr

75.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 91 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 5

Hrs/Rate Amount

05/25/18 FDC Read and review docket in Case:17-04780-LTS Doc#:844 Filed:05/25/18 (.2) 0.20

250.00/hr

50.00

FDC Conference call with A. J. Bennazar and H. Mayol regarding the answer to the

letter ot the Fee Examiner.

0.20

250.00/hr

50.00

FDC Read and review docket in Case:17-03283-LTS Doc#:3150 Filed:05/25/18 (.1);

Case: 17-03283-LTS Doc#:3153 Filed:05/25/18 (.1); Case:17-03283-LTS 

Doc#:3160 Filed:05/25/18 (.2).

0.40

250.00/hr

100.00

05/29/18 FDC Read and review docket in Case:17-03283-LTS Doc#:3175 Filed:05/29/18 (.1);

Case: 17-03283-LTS Doc#:3177 Filed:05/29/18 (.1).

0.20

250.00/hr

50.00

FDC Read and review emails from R. Gordon and J. Ramirez regarding questions 

from the UPR Retirement System about entities listed as debtors in re

Commonwealth.

0.20

250.00/hr

50.00

05/30/18 FDC Read and review docket in Case: 17-03283-LTS Doc#:3180 Filed:05/30/18 (.1);

Case: 17-03283-LTS Doc#:3184 Filed:05/30/18 (.1); Case: 17-03283-LTS 

Doc#:3187 Filed:05/30/18 (.1) Case: 17-03283-LTS Doc#:3201 Filed:05/31/18

(.1); Case: 17-03283-LTS Doc#:3189 Filed:05/30/18 (.1); Case: 17-03283-LTS 

Doc#:3191 Filed:05/30/18 (.1); Case: 17-03283-LTS Doc#:3183 Filed:05/30/18

(.3); Case: 17-03283-LTS Doc#:3190 Filed:05/30/18 (.4).

1.30

250.00/hr

325.00

AJB Reviewed motions filed and orders issued as per the ECF system, Dkts.

3149-3177.

0.30

375.00/hr

112.50

05/31/18 FDC Read and review docket in Case: 17-03283-LTS Doc#:3206 Filed:05/31/18 (.1). 0.10

250.00/hr

25.00

FDC Read and review docket in Case: 17-03283-LTS. 0.10

250.00/hr

25.00

SUBTOTAL: [ 13.60 3,925.00 ]

CLAIMS ISSUES

05/29/18 AJB Received and read exchange of correspondence between attorney J. 0.30 112.50

Ramlrez-Coll, M. Bienstock and R. Gordon on UPR Retirement System Trust 375.00/hr 

claim against TRS.

SUBTOTAL: [ 0.30 112.50]

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 92 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 6

COFINA/COMMONWEALTH ADVERSARY PROCEEDING

Hrs/Rate

05/03/18 AJB Received and read Ambac's motion on May 9 hearing on motions to certify 0.10

questions of P.R. Law to the Supreme Court of P.R., Adv. Proceed. 257, Dkt. 375.00/hr

465.

05/07/18 AJB Received and read Commonwealth agent's amended informative motion 0.20

regarding hearing on motions to certify questions to the P.R. Supreme Court, 375.00/hr 

Adv. Proceed. 257, Dkt. 475.

AJB Received, read and reacted to draft letter prepared by R. Gordon, addressed to 0.40

375.00/hr

AJB Participated in conference with FTI, Segal, Marchand, Jennerand Bennazar 

teams to discuss thel

0.80

375.00/hr

05/14/18 AJB Received and read Cofina Agent Bettina Whyte's public statement to the effect 0.20

that she neither endorsed nor rejected the proposed GO/Cofina Bondholders' 375.00/hr 

settlement. Brief conference with H. Mayol.

AJB Received and read memorandum from R. Gordon on conversations held by him 0.70

375.00/hr

0.30

375.00/hr

0.10

375.00/hr

0.20

375.00/hr

05/17/18 AJB Received and read AFSCME's motion to compel compliance with August 10,

2017 stipulation and order, and draft proposed order, Dkt. 3092.

05/18/18 AJB Received and read Cofina agent's motion in response to AFSCME's motion to

compel, Dkt. 3097.

05/19/18 AJB Received and read FOMB's response to AFSCME's motion to compel, Dkt.

3098.

Amount

37.50

75.00

150.00

300.00

75.00

262.50

112.50

37.50

75.00

05/21/18 AJB In the evening, received memorandum from R. Levin on conversations held today 0.60

375.00/hr

225.00

450.00

05/22/18 AJB Received and read statement of UCC in response to ORC's motion regarding

the representation of PREPA retirees, Dkt. 3114.

0.10

375.00/hr

37.50

AJB Received and read FOMB's response partially in support of ORC's motion for an

order regarding representation of PREPA retirees, Dkt. 3115.

0.20

375.00/hr

75.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 93 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 7

AJB Received and read memorandum of R. Levin outlininq the

05/23/18 AJB Received and read AFFAF's motion in response to AFSCME's motion to

compel, Dkt. 3127.

05/24/18 AJB Received and read objection of the Cofina agent to AFCSME's motion to

compel, Dkt. 3142.

AJB Received and read Assured Guaranty Corp's response to AFCSME's motion to

compel, Dkt. 3139.

AJB Received and read Judge LTS's memorandum and order denying the Cofina

agent's motion to certify certain questions of P.R. law to the Supreme Court of 

P.R., Adv. Proceed. 257, Dkt. 483. Exchange of notes with Jenner team.

FDC Read and review docket Case: 17-00257-LTS Doc#:483 Filed:05/24/18.

05/29/18 AJB

AJB

HMK

Received and read AFSCME's reply in support of its motion to compel, Dkt.

3177.

Conference call with R. Gordon, R. Levin, C. Steege, S. Gumbs, L. Park to

discuss language of latest UCC counter to COFINA Agent settlement proposal.

Hrs/Rate Amount

0.20

375.00/hr

75.00

0.40

375.00/hr

150.00

0.10

375.00/hr

37.50

0.10

375.00/hr

37.50

0.10

375.00/hr

37.50

0.60

375.00/hr

225.00

0.10

250.00/hr

25.00

0.30

375.00/hr

112.50

0.40

375.00/hr

150.00

0.60

375.00/hr

225.00

SUBTOTAL: [ 8.00 2,987.50 ]

COMMITTEE GOVERNANCE AND ATTENDANCE AT MEETINGS

05/02/18 CRI Participated in sub-committee meeting re: proposed pension cuts and pension

benefits.

3.30

150.00/hr

495.00

HMK Participate in meeting of the Communications Subcommittee of the ORC and

conduct conversation on legal aspects of replying to questions from pensioners

posted in the OCR website, review plans for further press releases and

communications with retirees.

2.00

375.00/hr

750.00

FDC Logistics, preparation of documents and presentation to the Communications 

sub-committee and professionals from Marchand ICS, regarding the retirement 

systems of Puerto Rico and pension benefits.

3.30

250.00/hr

825.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 94 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 8

05/03/18 FDC

05/07/18 AJB

05/07/18 FDC

HMK

HMK

HMK

05/08/18 HMK

AJB

AJB

FDC

FDC

HMK

HMK

05/09/18 HMK

FDC

Draft of minutes of the April 25, 2018 meeting of the Official Committee.

Meeting with Judge M. Fabre, ORC Chair, H. Mayol and F. del Castillo to

discuss several pending matters, Cofina, Prepa retirees and governor.

Meetinc

Conference with ORC Member M. Ldpez to counsel on request received by him

from the UPR Board of Trustees for legal representation by the Committee,

explained conflicts between Retirees and the System under Title VI proceedings.

Read R. Gordon proposed letter to the US Trustee to request representation of

PREPA Retirees and reply with comments resulting from prior meeting with

Fabre and Bennazar professionals.

Meet with Chair Fabre, F. del Castillo and A. J. Bennazar to discuss legal and

procedural aspects of OCR request to represent PREPA Retirees, includinc

possible conflicts,!

Correspondence with R. Gordon, F. del Castillo, M Root, S. Gumbs and J.

Marchandl

Wrote memorandum to R. Gordon Root and S. Gumbs

Correspondence with R. Gordon.

regarding^

S. Gumbs and J. Marchand

Conference with F. del Castillo on

Conference with Chair Fabre to discussl

Read and review email from R. Gordon

Read and review email from J. Marchand re*

Committeel

larding the meeting of the Official

Hrs/Rate Amount

4.60

250.00/hr

1,150.00

2.90

375.00/hr

1,087.50

3.00

250.00/hr

750.00

0.20

375.00/hr

75.00

0.50

375.00/hr

187.50

3.00

375.00/hr

1,125.00

0.70

375.00/hr

262.50

0.60

375.00/hr

225.00

0.90

375.00/hr

337.50

0.20

250.00/hr

50.00

0.70

250.00/hr

175.00

0.10

375.00/hr

37.50

0.20

375.00/hr

75.00

2.00

375.00/hr

750.00

0.10

250.00/hr

25.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 95 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 9

FDC

05/15/18 AJB

FDC

05/17/18 AJB

05/18/18 AJB

FDC

FDC

05/21/18 FDC

05/22/18 AJB

FDC

FDC

FDC

HMK

05/23/18 FDC

FDC

FDC

Read and review email from R. Gordon and H. Mayol(

Exchange of correspondence with M. Root and F. del Castillo on ORC meeting

set for May 23.

jondence with A. Heeren and comments to talkin

Received and read further correspondence from M. Root on May 23 ORC

meeting. Note to F. del Castillo.

Received from F. del Castillo proposed minutes of ORC meetings of April 12

and 18 in Spanish and English. Brief conference with F. del Castillo.

Correspondence with M. Acevedo, Secretary of the Official Committee regarding

administrative issues and documentation of minutes.

Revision and compilation of minutes, materials and attachments of meetings of 

April 12 and 25, 2018.

Correspondence with A. Hereen and made comments and changes to op-ed by

Miguel Fabre (.4); Correspondence with R. Gordon and S. Gumbs about same

(.5).

Received and read memorandum from F. del Castillo with the agenda for

tomorrow's ORC meeting and draft proof of claim.

Draft of agenda, revision of documents and logistics for May 23, 2018

informative session with the Official Committee (1.6); Correspondence with

Committee members and professionals with the agenda and attachments (.3).

Correspondence with M. Root regarding the logistics of the call-in meeting of

the Official Committee.

Conference call with M Root, R Gordon, C Steege and H. Mayol to review and

finalize agenda for call-in meeting - 5/23/18.

Conference call with M. Root, R. Gordon and C. Steege to review and finalize 

agenda for ORC meeting/conference call on 5/23/18.

Final meeting with H. Mayol and M. Fabre to discuss possible post in the

Committee webpage.

Correspondence with Official Committee submitting additional documents to be

discussed during call in session.

Hrs/Rate Amount

2.00

250.00/hr

500.00

0.20

375.00/hr

75.00

0.20

250.00/hr

50.00

0.30

375.00/hr

112.50

0.40

375.00/hr

150.00

0.30

250.00/hr

75.00

1.30

250.00/hr

325.00

0.90

250.00/hr

225.00

0.40

375.00/hr

150.00

1.90

250.00/hr

475.00

0.20

250.00/hr

50.00

0.30

250.00/hr

75.00

0.30

375.00/hr

112.50

0.10

250.00/hr

25.00

0.20

250.00/hr

50.00

2.00

250.00/hr

500.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 96 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 10

05/23/18 HMK

05/23/18 HMK

HMK

05/24/18 FDC

05/29/18 FDC

SUBTOTAL: [ 44.90 13,032.50]

COMMUNICATIONS WITH RETIREES

05/02/18 AJB Examined Bloomberg news release and article about pension protests in P.R.

Exchange of notes with C. Steege, R. Gordon (Jenner), Ana Heeren (FTI), H.

Mayol and F. del Castillo to elaborate on a proper public pronouncement on the

position of the ORC.

0.80

375.00/hr

300.00

HMK Write comments to A. Hereen - FTI on possible reaction to Bloomberg article on

pension cut proposal by FOMB.

0.30

375.00/hr

112.50

FDC Listen to interview of C. Ntifiez and M. Fabre (members of the Committee) with

Radio Isla (local radio station).

0.50

250.00/hr

125.00

FDC Correspondence with M. Noguera and H. Mayol and draft of answers to

questions received through website and Facebook page.

0.60

250.00/hr

150.00

05/03/18 HMK Review and make changes to draft of news article by M. Fabre, Chairperson of

Official Committee (.4) Correspondence with F. del Castillo and J. Marchand

about same (.6).

0.60

375.00/hr

225.00

AJB Received from F. del Castillo draft of proposed article by ORC Chair M. Fabre

and provided him with my comments and suggestions.

0.40

375.00/hr

150.00

FDC Conference call with J. Marchand regarding the news article by M. Fabre,

Chairperson of Official Committee.

0.30

250.00/hr

75.00

FDC Review and made changes to draft of news article by M. Fabre, Chairperson of 

Official Committee (.4) Correspondence with H. Mayol and J. Marchand about 

same (.2).

0.60

250.00/hr

150.00

05/04/18 AJB Received from A. Heeren (FTI) a summary of recent public releases on the

certification by FOMB of a fiscal plan that calls for pension cuts, the dismissal

of the Governor's Chief of Staff and massive protests. Exchange of notes and

comments with Jenner and Bennazar legal teams.

0.40

375.00/hr

150.00

Final meeting with F. del Castillo and M. Fabre to discuss possible post in the

Committee webpage.

Meet with Chair Fabre and J. Marchand to prepare them for today's meeting,

explain to them the contents of the Agenda.

Attend and conduct OCR meeting tol

Correspondence with M. Acevedo, Secretary of the Official Committee regarding

the list of assistance to the meetings.

Draft of minutes of May 23, 2018 call in meeting of the Official Committee.

Hrs/Rate Amount

0.10

375.00/hr

37.50

0.30

375.00/hr

112.50

2.00

375.00/hr

750.00

0.10

250.00/hr

25.00

3.10

250.00/hr

775.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 97 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 11

05/04/18 HMK Read and propose edits to Chair Fabre's Op Ed piece.

05/07/18 AJB Exchange of memoranda and notes with M. Root, Judge Fabre and F. del

Castillo on draft proposed newspaper article to be published under Fabre's

signature: "The realities of pensioners in P.R.".

05/08/18 FDC Conference call with J. Marchand regarding pending questions and issues to be

discussed with Jenner & Block LLC, about the communication strategy.

05/09/18 AJB Received and read continued stream of reactions, observations and

recommendations regarding the upcoming Fabre-governor meeting, from C.

Steege, R. Gordon, J. Marchand and H. Mayol. Brief conference with H. Mayol.

05/14/18 HMK Correspondence with J. Marchand and F. del Castillo with comments to the

press release by M. Fabre, Chairperson of the Official Committee.

AJB Received and read memorandum from H. Mayol on his recent communication

with Judge M. Fabre and the need to explain to the ORC members the

implications of the announcement and our opposition to the proposed terms, 

and ensuing string of reactions from A. Heeren, S. Gumbs (FTI), J. Marchand,

R. Gordon and L. Park.

AJB Received and read full text of press release issued by FOMB describing terms 

of the GO/Cofina proposal as "unaffordable".

AJB Received and read draft of osed public pronouncement submitted by C.

FDC Correspondence with J. Marchand and H. Mayol with comments to the press

release by M. Fabre, Chairperson of the Official Committee.

FDC Correspondence with M. Noguera and draft of answers to questions from

retirees.

FDC Read and review email from F. Diaz from Marchand ICS with the revised version

of Chairperson Fabre's column to be published in El Nuevo Dia.

05/16/18 FDC Read and review email from A. Heeren and attached draft op-ed from M. Fabre

for a Washington/US publication.

05/17/18 HMK Read accounts of Fabre meeting with Governor's Chief of Staff, confer with

Fabre to receive his feedback and possible next steps.

05/21/18 FDC Correspondence with M. Noguera and draft of answers to retirees (.4);

correspondence with M. Root regarding pending answer and material to be

posted in the Committee's website (.2).

Hrs/Rate Amount

0.30

375.00/hr

112.50

0.60

375.00/hr

225.00

0.50

250.00/hr

125.00

0.70

375.00/hr

262.50

0.20

375.00/hr

75.00

0.40

375.00/hr

150.00

0.10

375.00/hr

37.50

0.60

375.00/hr

225.00

0.20

250.00/hr

50.00

0.60

250.00/hr

150.00

0.20

250.00/hr

50.00

0.20

250.00/hr

50.00

0.30

375.00/hr

112.50

0.60

250.00/hr

150.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 98 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 12

05/22/18 HMK Read final draft of OP ED to be submitted under M. Fabre signature to US

Press, respond with edits.

05/23/18 FDC Read and review email from M. Shell and attachment regarding notice about the

Master Proof of Claim that will be filed in representation of all the retirees for

your review.

/

05/24/18 FDC Correspondence with M. Noguera and translation of title of motion to be posted

on the website of the Official Committee.

HMK Conference call with M. Fabre to get comments on Proof of Claim by judges.

HMK Call F. del Castillo to discuss draft of letter to Retirees on Proof of Claim.

05/30/18 HMK Reply to R. Gordon request on agenda and purpose of El Nuevo Dia interview 

with Committee chair and members.

HMK Attend and participate in newspaper interview with M. Fabre, C. Nunez, M.

L6pez and J. Marchand to answer questions on Committee positions in Title III

developments.

05/31/18 HMK Call with J. Marchand to discuss

SUBTOTAL: [

Hrs/Rate Amount

0.20

375.00/hr

75.00

0.10

250.00/hr

25.00

0.20

250.00/hr

50.00

0.10

375.00/hr

37.50

0.20

375.00/hr

75.00

0.10

375.00/hr

37.50

0.90

375.00/hr

337.50

0.10

375.00/hr

37.50

11.90 3,887.50 ]

CONTESTED MATTERS

05/01/18 AJB Received and examined plaintiffs objections to the magistrate's report on the

Commonwealth's motion for abstention in Adversary Proceed. 227, Dkt. 60.

0.30

375.00/hr

112.50

AJB Received and examined Debtor's supplement to third Omnibus motion for

approval of modifications to the automatic stay, Dkt. 2986, and supporting

documents.

0.30

375.00/hr

112.50

05/04/18 HMK Read Appeals Court decision allowing Committee intervention and oral

arguments.

0.20

375.00/hr

75.00

05/07/18 AJB Received and read PREPA's opposition to joinder of Assured Guaranty Corp. et

als to motion to compel compliance with February 26 order, Case 17-4780, Dkt.

816; and case 17-3283, Dkt. 3029.

0.30

375.00/hr

112.50

05/11/18 AJB Received and read FOMB's motion to extend time to respond to plaintiffs' 

adversary complaint in 18-0041, Dkt. 7.

0.10

375.00/hr

37.50

AJB Received and read second amended adversary complaint in case of APRUM vs

Commonwealth, Adversary Proceeding 17-0197, Dkt. 57, and related

documents.

0.90

375.00/hr

337.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 99 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 13

Hrs/Rate Amount

05/11/18 AJB Received and read documents related to case L. Santini Gaudier vs. Ricardo

Roselld; removed from the P.R. Court of First Instance to USDC-PR, Adv.

Proceed. 18-0053, Dkt. 1-7.

1.10

375.00/hr

412.50

05/14/18 AJB Received and read joint report of Assured Guaranty Corp. et als‘, and

FOMB/AAFAF, in response to order entered on April 27, Dkt. 3061.

0.30

375.00/hr

112.50

SUBTOTAL: [

COURT HEARINGS

3.50 1,312.50

05/03/18 AJB Received and read Commonwealth agent's informative motion on May 9 hearing,

Adv. Proceed. 257, Dkt. 466.

0.10

375.00/hr

37.50

05/04/18 AJB Received and read P.R Funds informative motion regarding May 9 hearing on

certification of P.R. Law questions to the Supreme Court of P.R., Adv. Proceed.

257, Dkt. 469.

0.10

375.00/hr

37.50

05/11/18 AJB Received and read Ad Hoc Group of GO Bondholders' informative motion on

May 21 hearing

0.10

375.00/hr

37.50

05/14/18 AJB Received and read informative motion of Assured Guaranty et al on hearing set 

for May 21, Dkt. 3053.

0.10

375.00/hr

37.50

AJB Received and read PREPA's informative motion on the May 21 hearing, Dkt.

823 (4780).

0.10

375.00/hr

37.50

AJB Received and read FOMB's informative motion on the May 21 hearing, Dkt.

3054.

0.10

375.00/hr

37.50

AJB Received and read informative motion of the UCC, Dkt. 3049. 0.10

375.00/hr

37.50

AJB Received and read AAFAF's informative motion on the May 21 hearing, Dkt.

3055.

0.10

375.00/hr

37.50

05/15/18 AJB Received and read amended informative motion of UCC regarding May 21

hearing.

0.10

375.00/hr

37.50

05/17/18 AJB Received and read joint motion of FOMB and AAFAF to seal documents 

pertinent to the arguments to be made at the May 21 hearing on the Rule 2004

motion to compel, Dkt. 3081, and draft of proposed order.

0.20

375.00/hr

75.00

SUBTOTAL: [

EMPLOYMENT & FEE APPS

1.10 412.50;

05/23/18 FDC Received and read Fee Examiner letter dated May 18 to Bennazar and

discussed with H. Mayol and M. Root.

0.60

250.00/hr

150.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 100 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 14

Hrs/Rate

05/23/18 HMK Read letter from fee examiner; Meet with F. del Castillo and call M. Root to

discuss questions raised by the Fee Examiner to Bennazar fee applications 

and discuss appropriate responses.

0.60

375.00/hr

05/24/18 FDC In response to letter from the Fee Examiner of May 18,2018 draft answer from

the Bennazar Law Firm, providing requested explanations.

3.60

250.00/hr

05/25/18 AJB Received from F. del Castillo draft letter to Fee Examiner in response to his

questions and made changes and edits, returned to F. del Castillo.

0.70

375.00/hr

SUBTOTAL: [ 5.50

FISCAL PLAN/PLAN OF ADJUSTMENT

05/01/18 AJB Exchange of notes with M. Root (Jenner), H. Mayol and F. del Castillo to

coordinate logistics of next week’s meeting in Chicago.

HMK Conversation with M. Yssim of AAFAF and write email request to same and

0.30

375.00/hr

0.20

375.00/hr

HMK Read email from S. Gumbs of FTI and reply concerning requestl 0.20

375.00/hr

05/03/18 HMK Attend conference by Natalie Jaresko of the FOMB and discussion of April New 1.00

Certified Fiscal Plan. 375.00/hr

05/06/18 AJB Read exchange of memoranda between H. Mayol and S. Gumbs (FTI) on new

CW budget as posted by AAFAF.

05/07/18 FDC Correspondence!

0.20

375.00/hr

0.20

250.00/hr

05/09/18 AJB Exchange of correspondence, review of document and of FOMB's certified fiscal 2.80

plan in preparation for meeting tomorrow with Jenner, Segal and FTI teams to 375.00/hr 

review and discuss!

05/10/18 AJB Attended meeting at the Chicago offices of Jenner & Block with the Jenner,

Segal, FTI teams, H. Mayol and F. del Castillo to review,!

6.80

375.00/hr

05/11/18 AJB Received from L. Park (FTI) report comparin^h^pri^^roposec^scal plan to 1.20

the FOMB's April 19 certified fiscal plan witwBBUBIWBMi 375.00/hr

Amount

225.00

900.00

262.50

1,537.50]

112.50

75.00

75.00

375.00

75.00

50.00

1.050.00

2.550.00

450.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 101 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 15

Hrs/Rate Amount

05/16/18 AJB Received and read report issued by the US Government Accountability Office

("GAO") report: factors contributing to the debt crisis and potential federal

actions to address them, issued May 9, 2018.

1.10

375.00/hr

412.50

05/17/18 AJB Received and read memorandum from H. Mayol on the P.R. economic 

empowerment Act of 2018 introduced in the US Senate by Orin Hatch and

Marco Rubio.

0.10

375.00/hr

37.50

05/18/18 AJB Received and examined full text of the PR economic empowerment act. 0.40

375.00/hr

150.00

05/21/18 AJB Received and read FOMB's press release on new agreement with PR

Government to "amend and rectify" the fiscal plan, and ensuing exchange of

memoranda by R. Levin, C. Steege, S. Gumbs, F. del Castillo and R. Gordon.

0.30

375.00/hr

112.50

05/23/18 AJB Received from L. Park (FTI) and read updated overview of the FOMB's certified

fiscal plan of April 19.

0.60

375.00/hr

225.00

05/31/18 FDC Read and review pension section of May 30, 2018 new certified Fiscal Plan for

the Commonwealth of Puerto Rico.

0.40

250.00/hr

100.00

SUBTOTAL: [ 15.80 5,850.00

MEDIATION

05/02/18 AJB

05/03/18 AJB

AJB

FDC

FDC

05/04/18 FDC

HMK

0.10

375.00/hr

37.50

0.10

375.00/hr

37.50

0.30

375.00/hr

112.50

0.10

250.00/hr

25.00

0.50

250.00/hr

125.00

0.20

250.00/hr

50.00

0.50

375.00/hr

187.50

05/05/18 AJB Received and read memorandum from 0.10

375.00/hr

37.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 102 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 16

05/05/18 FDC

05/07/18 AJB

FDC

FDC

HMK

05/09/18 AJB

AJB

AJB

AJB

FDC

HMK

05/11/18 AJB

05/13/18 FDC

05/14/18 AJB

AJB

AJB

Hrs/Rate

0.20

250.00/hr

0.40

375.00/hr

0.10

250.00/hr

0.10

250.00/hr

0.70

375.00/hr

•Received from 0.10

375.00/hr

Received from

Exchange ofl

g^hg^ils om

Received and readi

Received and examined1

0.10

375.00/hr

0.30

375.00/hr

0.40

375.00/hr

0.10

250.00/hr

0.20

375.00/hr

0.10

.375.00/hr

0.20

250.00/hr

0.20

375.00/hr

0.30

375.00/hr

Amount

50.00

150.00

25.00

25.00

262.50

37.50

37.50

112.50

150.00

25.00

75.00

37.50

50.00

75.00

112.50

112.50

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 103 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 17

Hrs/Rate

05/14/18 AJB Exchange ofl

AJB Received and

FDC Read and reviewl

FDC Professionals!

FDC Read and reviewl

HMK Read and consider]

05/15/18 AJB Received and read

HMK Read and reviewl

FDC Participate in presentation

FDC Read and reviewl

05/16/18 FDC Attend

05/17/18 FDC Read and reviewl

05/18/18 HMK Read and consider!

0.60

375.00/hr

1.40

375.00/hr

0.10

250.00/hr

0.90

250.00/hr

0.90

250.00/hr

0.30

375.00/hr

0.10

375.00/hr

0.10

375.00/hr

6.00

250.00/hr

0.10

250.00/hr

5.80

375.00/hr

5.00

250.00/hr

5.00

375.00/hr

0.80

250.00/hr

0.60

375.00/hr

Amount

225.00

525.00

25.00

225.00

225.00

112.50

37.50

37.50

1.500.00

25.00

2.175.00

1.250.00

1.875.00

200.00

225.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 104 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES

Hrs/Rate

05/22/18 FDC 0.30

250.00/hr

SUBTOTAL: [ 35.70

NON-WORKING TRAVEL TIME

05/09/18 AJB Transfer from San Juan to Chicago to attend all-professionals' meeting on the 6.70

new certified fiscal plan and the proposed GO-Cofina settlement. 187.50/hr

FDC Flight from Puerto Rico to Chicago to attend all-professionals' meeting on the 7.00

new certified fiscal plan and the proposed GO-Cofina settlement. 125.00/hr

HMK Travel to Chicago to conference with Segal, Jenner and FTI on mediation 7.00

strategies. 187.50/hr

05/11/18 FDC Flight from Chicago to Puerto Rico. 6.00

125.00/hr

HMK Travel from Chicago to San Juan, return from conference with Segal, Jenner and 7.00

FTI on mediation strategies. 187.50/hr

05/13/18 AJB Return trip from Chicago to San Juan, Puerto Rico. 6.10

187.50/hr

05/14/18 FDC Flight from Puerto Rico to New York to attend sessions from the FOMB and the 6.00

Commonwealth regarding the latest certified Fiscal Plan. 125.00/hr

HMK Travel SJU to JFK to attend FOMB and'AAFAF convened sessions to present 6.00

detailed projections over a 40-year period for debt adjustment. 187.50/hr

05/17/18 FDC Return JFK-SJU after attending FOMB-AAFAF sessions (delayed). 6.60

125.00/hr

HMK Return from JFK-SJU after attending FOMB-AAFAF sessions. 6.00

187.50/hr

SUBTOTAL: 64.40

PENSION ANALYSIS

1.50

375.00/hr

Amount

750.00

75.00

11,437.50]

1,256.25

875.00

1,312.50

750.00

1,312.50

1,143.75

750.00

1,125.00

825.00

1.125.00

10.475.00 ]

562.50

Page 18

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 105 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 19

05/01/18 HMK

FDC

05/02/18 FDC

05/07/18 FDC

FDC

05/08/18 FDC

05/09/18 AJB

AJB

05/10/18 FDC

HMK

05/11/18 AJB

FDC

Read and review emails from J. Libaskuas and H. Mayol and attached

breakdown for ERS pension benefits based on the June 30, 2015 census data.

Meeting discussion of the

Read and review

Participated in meeting with Communications sub-committee of ORC, F.

Castillo. C. Ramirez and Marchand team!

del

Met at Jenner & Block for FTI Presentation and Segal Consulting presentation

Hrs/Rate Amount

0.40

375.00/hr

150.00

1.50

250.00/hr

375.00

0.30

250.00/hr

75.00

0.20

250.00/hr

50.00

3.00

250.00/hr

750.00

0.30

250.00/hr

75.00

0.60

375.00/hr

225.00

3.30

375.00/hr

1,237.50

6.30

250.00/hr

1,575.00

All Committee professionalyTTeetinc^Uennei^^lock:|

Fiscal Plan Update;^|HflHHHHjiHB Committee

communications plan; global Proof of Claim considerations; Committee meeting

scheduling and agendaj

6.30

375.00/hr

2,362.50

Correspondence with S. Gumbs and research regarding PayGo legislation. 0.60 150.00

250.00/hr

FDC Correspondence with L. Park and research regarding special laws. 0.80 200.00

250.00/hr

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 106 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 20

05/12/18 FDC Correspondence with H. Mayol, S. Gumbs and C. Steege regarding Act 

106-2017.

05/14/18 AJB Received and read memorandum from F. del Castillo to S. Gumbs (FTI) on the

obligations!

FDC Draftofmemorandum to FTI Consulting regarding

05/16/18 FDC Correspondence with R. Levin and H. Mayol regarding the segregation of

employee contributions in the Employee Retirement System.

05/22/18 FDC Read and review email from L. Benabef

FDC Read and review email from J. Libauskas regarding the Revised Proof of Claim

Liability.

FDC Review of the draft of the proof of claim and rider to be filed by the Official

Committee in representation of all retirees of the Commonwealth debtors (.4);

Review of all laws concerning retirement benefits and correspondence with C.

Wedoff with recommendations and modifications to the rider (.5).

05/24/18 AJB Received from J. Libauskas(__________________

reductions to pensioners under ERS, TRS and JRS.

FDC Correspondence with C. Weedof regarding laws to be included to the rider of the 

Proof of Claim.

05/29/18 FDC Read and review emails from C. Weddoff and R. Gordon with the attached filed

Proofs of Claim and rider.

SUBTOTAL:

PREPA

05/06/18 HMK Read and review correspondence from R. Levin, M. Root, F. del Castillo, R.

Gordon and S. Gumbs about motion regarding the adequate representation of

PREPA retirees.

AJB Received from R. Gordon and reviewed draft ORC motion on representation of

PREPA retirees, as per discussions with the UST.

FDC Read and review email from R. Gordon and attached draft of motion regarding

the adequate representation of the PREPA retirees (.2); Read and review 

correspondence from R. Levin, M. Root, H. Mayol, R. Gordon and S. Gumbs

about same (.5).

Hrs/Rate . Amount

0.30

250.00/hr

75.00

0.40

375.00/hr

150.00

3.60

250.00/hr

900.00

0.20

250.00/hr

50.00

0.10

250.00/hr

25.00

0.10

250.00/hr

25.00

0.90

250.00/hr

225.00

0.60

375.00/hr

225.00

0.20

250.00/hr

50.00

0.20

250.00/hr

50.00

32.50 9,862.50

0.50

375.00/hr

187.50

0.40

375.00/hr

150.00

0.70

250.00/hr

175.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 107 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 21

Hrs/Rate Amount

05/07/18 AJB Received and read exchange of memoranda between R. Gordon, S. Gumbs 

(FTI), R. Levin, M. Root and H. Mayol on proposed ORC motion on the

representation of PREPA retirees.

0.40

375.00/hr

150.00

FDC Read and review email from M. Root and agenda for conference call with

professionals (.1); Conference call with OCR Professionals to consider

0.80

250.00/hr

200.00

responses to proposed settlements, design of alternatives and intervention in

PREPA Title III process (.7).

05/08/18 AJB Received form M. Root and read revised draft of ORC proposed motion on

representation of PREPA retirees, and ensuing exchange of comments.

0.60

375.00/hr

225.00

05/14/18 AJB Received and examined final text of ORC's motion for entry of an order 

providing for representation of PREPA retirees, ready to file. In the afternoon,

motion filed as Dkt. 3056 in 17-3283 and Dkt. 824 in 17-4780.

0.80

375.00/hr

300.00

05/22/18 HMK Reqeived and examined email from R. Gordon regarding the representation of

PREPA retirees and the position of the Board of Directors of the PREPA

retirement system.

0.20

375.00/hr

75.00

AJB Received and read memorandum from R. Emanuelli, counsel for the PREPA

retirement system. His client opposes the ORC's motion for an order to appoint

0.40

375.00/hr

150.00

Committee to represent PREPA retirees. Ensuing exchange of correspondence 

by R. Gordon, R. Emanuelli, R. Levin and H. Mayol.

FDC Read and review email from R. Gordon regarding the representation of PREPA

retirees and the position of the Board of Directors of the PREPA retirement 

system.

0.20

250.00/hr

50.00

HMK Read email from R. Emmanuelli, counsel to PREPA retirement system with

reaction from the System Board in opposition to ORC representation of PREPA

Retirees, write response to R. Gordon with my analysis of reasons for such

response.

0.20

375.00/hr

75.00

05/23/18 AJB Received and read AFFAF's motion on behalf of PREPA in response to ORC's

motion on representation of PREPA retirees, Dkt. 3130.

0.10

375.00/hr

37.50

FDC Correspondence with R. Emanueli and R. Gordon regarding representation of

PREPA retirees.

0.30

250.00/hr

75.00

05/25/18 AJB Received and read the motion filed by the board of trustees of the PREPA

employees' retirement system (SRAEES) in opposition to ORC's motion for an

order on representation of PREPA retirees, Dkt. 844 of 17-4780; and Dkt. 3154

at 17-3283.

2.10

375.00/hr'

787.50

AJB Received from R. Gordon memorandum on result of conversation between him,

Fabre and F. del Castillo with counsel to the board of the PREPA ERS's trust.

They oppose ORC representing PREPA retirees vehemently. Also received and

read exchange of memoranda by C. Steege, M. Root, H. Mayol and F. del

Castillo.

0.40

375.00/hr

150.00

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 108 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 22

Hrs/Rate Amount

05/25/18 FDC Correspondence with R. Gordon, R. Levin and other professionals in the case

regarding the conference call with the representatives of the PREPA Retirement 

System.

0.40

250.00/hr

100.00

FDC Conference call with R. Gordon, M. Fabre, J. Rivera and Counsel of the PREPA

retirement System regarding the adequate representation of PREPA retirees 

(.8); Follow up conference call with R. Gordon and M. Fabre about prior 

conference call (.5); Conference call with H. Mayol about same (.3).

1.60

250.00/hr

400.00

05/27/18 FDC Read and review email from R. Gordon regarding PREPA's Retirement System

objection to the Retiree Committee's motion.

0.10

250.00/hr

25.00

05/28/18 HMK Call R. Gordon to consider response to PREPA Retirement System opposition

to Committee Representation.

1.00

375.00/hr

375.00

HMK Conference call with Paul Possinger of Proskauer on Motion to represent

PREPA Retirees, R. Gordon, R. Levin and C Steege.

1.00

375.00/hr

375.00

05/29/18 AJB Received and read exchange of correspondence between R. Emanuelli, on

behalf of SREAEE and R. Gordon for ORC on SREAEE's objection to ORC's

motion for representation of PREPA retirees.

0.30

375.00/hr

112.50

05/30/18 AJB Received and read further exchange of correspondence between R. Gordon on

behalf of ORC and R. Emanuelli on behalf of SREAEE, on the latter's objection

to ORC's motion for representation of PREPA's retirees.

0.30

375.00/hr

112.50

FDC Read and review several emails from R. Emanuelli, R. Gordon and H. Mayol and

attachments regarding the representation of retirees by the PREPA Retirement 

System.

0.60

250.00/hr

150.00

HMK Read Spanish language resolution presented to us by PREPA Retiree

organizations purportedly authorizing the PREPA ERS Board to represent them

in the Title III PREPA filing.

0.20

375.00/hr

75.00

SUBTOTAL: [ 13.60 4,512.50]

FOR PROFESSIONAL SERVICES RENDERED 265.00 $74,670.00

ADDITIONAL CHARGES:

EXPENSES A. J. BENNAZAR

05/09/18 TRAVEL EXPENSES: FLIGHT SAN JUAN-CHICAGO-SAN JUAN 602.80

TRAVEL EXPENSES: GROUND TRANSPORT FROM AIRPORT TO HOTEL 53.25

TRAVEL EXPENSES: HOTEL ACCOMMODATION AT THE WESTIN CHICAGO 2,073.36

/

SUBTOTAL: [ 2,729.41 ]

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 109 of 111
EXPENSES BGM

05/02/18 DOCUMENT REPRODUCTION 8.40

SUBTOTAL: [ 8.40]

EXPENSES F. DEL CASTILLO

05/09/18 TRAVEL EXPENSES: GROUND TRANSPORT SAN JUAN 17.41

TRAVEL EXPENSES: TRAVEL AND ACCOMMODATION - CHICAGO 1,458.87

TRAVEL EXPENSES: OTHER TRAVEL FEE 63.00

TRAVEL EXPENSES: GROUND TRANSPORT SAN JUAN 19.30

05/14/18 TRAVEL EXPENSES: GROUND TRANSPORT AIRPORT TO HOTEL 70.26

TRAVEL EXPENSES: TRAVEL AND HOTEL ACCOMMODATION - NYC 1,323.52

TRAVEL EXPENSES: OTHER TRAVEL FEE 50.00

05/16/18 TRAVEL EXPENSES: GROUND TRANSPORT HOTEL TO AIRPORT 77.24

TRAVEL EXPENSES: OTHER TRAVEL FEE 45.00

05/17/18 TRAVEL EXPENSES: GROUND TRANSPORT - SAN JUAN 28.00

SUBTOTAL: [ 3,152.60]

EXPENSES H. MAYOL

05/09/18 TRAVEL EXPENSES: FLIGHT SAN JUAN-CHICAGO-SAN JUAN 602.80

TRAVEL EXPENSES: HOTEL ACCOMMODATION AT WESTIN CHICAGO 1,409.46

05/11/18 TRAVEL EXPENSES: GROUND TRANSPORT CHICAGO 55.40

05/14/18 TRAVEL EXPENSES: GROUND TRANSPORT SAN JUAN 21.09

05/14/18 TRAVEL EXPENSES: FLIGHT SAN JUAN- NYC- SAN JUAN 624.80

TRAVEL EXPENSES: GROUND TRANSPORT JFK- MANHATTAN 75.67

TRAVEL EXPENSES: HOTEL ACCOMMODATION AT ELEMENT WESTIN 1,525.27

05/17/18 TRAVEL EXPENSES: GROUND TRANSPORT MANHATTAN - JFK 84.87

SUBTOTAL: [ 4,399.36]

TOTAL ADDITIONAL CHARGES $10,289.77

OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 23

TOTAL AMOUNT OF THIS BILL $84,959.77

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 110 of 111
OFFICIAL COMMITTEE OF RETIRED EMPLOYEES Page 24

FOR PROFESSIONAL SERVICES RENDERED THROUGH MAY 31, 2018

ATTORNEY SUMMARY:

NAME

Hours Rate Amount

ANTONIO JUAN BENNAZAR ZEQUEIRA 70.30 375.00 $26,362.50

ANTONIO JUAN BENNAZAR ZEQUEIRA 12.80 187.50 $2,400.00

CARLOS R. RAMIREZ ISERN 3.30 150.00 $495.00

FRANCISCO DEL CASTILO OROZCO 82.30 250.00 $20,575.00

FRANCISCO DEL CASTILO OROZCO 25.60 125.00 $3,200.00

HECTOR MAYOL KAUFFMANN 44.70 375.00 $16,762.50

HECTOR MAYOL KAUFFMANN 26.00 187.50 $4,875.00

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 [client]. 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, [professional] does not have any debts owed to the Government of Puerto Rico or its

instrumentalities.

BENNAZAR, GARClA & MILlAN, C.S.P.

By: A. J. BENNAZAR ZEQUEIRA 

Director

Case:17-03283-LTS Doc#:3539-5 Filed:07/16/18 Entered:07/16/18 16:03:19 Desc:

Exhibit E Page 111 of 111