LEHMAN BROTHERS HOLDINGS INC. PLAN TRUST - FORM 8-K - EX-99.1 - LEHMAN BROTHERS HOLDINGS. - MONTHLY OPERATING REPORT - August 24, 2011

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Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

 

In re:

     

Chapter 11 Case No.

Lehman Brothers Holdings Inc., et al.,     

08-13555

Debtors.

     

MONTHLY OPERATING REPORT

JULY 2011

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

SCHEDULE OF PROFESSIONAL FEE AND EXPENSE DISBURSEMENTS

 

DEBTORS’ ADDRESS:

  

LEHMAN BROTHERS HOLDINGS INC.

 

c/o WILLIAM J. FOX

 

1271 AVENUE OF THE AMERICAS

 

35th FLOOR

 

NEW YORK, NY 10020

DEBTORS’ ATTORNEYS:

  

WEIL, GOTSHAL & MANGES LLP

 

c/o HARVEY R. MILLER

 

767 FIFTH AVENUE

 

NEW YORK, NY 10153

REPORT PREPARER:

   LEHMAN BROTHERS HOLDINGS INC., A DEBTOR IN POSSESSION (IN THE SOUTHERN DISTRICT OF NEW YORK)

THIS OPERATING STATEMENT MUST BE SIGNED BY A REPRESENTATIVE OF THE DEBTOR

The undersigned, having reviewed the attached report and being familiar with the Debtors’ financial affairs, verifies under penalty of perjury, that the information contained therein is complete, accurate and truthful to the best of my knowledge.

 

    Lehman Brothers Holdings Inc.

Date: August 23, 2011

   By:  

/s/ William J. Fox

    William J. Fox
    Executive Vice President

 

Indicate if this is an amended statement by checking here:

   

AMENDED STATEMENT  ¨

TABLE OF CONTENTS

 

Schedule of Debtors

      3   

Lehman Brothers Holdings Inc. (“LBHI”) and Other Debtors and Other Controlled Subsidiaries

   

Basis of Presentation — Schedule of Cash Receipts and Disbursements

      4   

Schedule of Cash Receipts and Disbursements

      5   

LBHI

   

Basis of Presentation – Schedule of Professional Fee and Expense Disbursements

      9   

Schedule of Professional Fee and Expense Disbursements

      10   

 

2

SCHEDULE OF DEBTORS

The following entities have filed for bankruptcy in the Southern District of New York:

 

             Case No.                    Date Filed           

Lead Debtor:

      

Lehman Brothers Holdings Inc. (“LBHI”)

    08-13555      9/15/2008   

Related Debtors:

      

LB 745 LLC

    08-13600      9/16/2008   

PAMI Statler Arms LLC(1)

    08-13664      9/23/2008   

Lehman Brothers Commodity Services Inc. (“LBCS”)

    08-13885      10/3/2008   

Lehman Brothers Special Financing Inc. (“LBSF”)

    08-13888      10/3/2008   

Lehman Brothers OTC Derivatives Inc. (“LOTC”)

    08-13893      10/3/2008   

Lehman Brothers Derivative Products Inc. (“LBDP”)

    08-13899      10/5/2008   

Lehman Commercial Paper Inc. (“LCPI”)

    08-13900      10/5/2008   

Lehman Brothers Commercial Corporation (“LBCC”)

    08-13901      10/5/2008   

Lehman Brothers Financial Products Inc. (“LBFP”)

    08-13902      10/5/2008   

Lehman Scottish Finance L.P.

    08-13904      10/5/2008   

CES Aviation LLC

    08-13905      10/5/2008   

CES Aviation V LLC

    08-13906      10/5/2008   

CES Aviation IX LLC

    08-13907      10/5/2008   

East Dover Limited

    08-13908      10/5/2008   

Luxembourg Residential Properties Loan Finance S.a.r.l

    09-10108      1/7/2009   

BNC Mortgage LLC

    09-10137      1/9/2009   

LB Rose Ranch LLC

    09-10560      2/9/2009   

Structured Asset Securities Corporation

    09-10558      2/9/2009   

LB 2080 Kalakaua Owners LLC

    09-12516      4/23/2009   

Merit LLC

    09-17331      12/14/2009   

LB Somerset LLC

    09-17503      12/22/2009   

LB Preferred Somerset LLC

    09-17505      12/22/2009   

 

 

(1) On May 26, 2009, PAMI Statler Arms LLC filed a motion seeking entry of an order pursuant to Section 1112(b) of the Bankruptcy Code to dismiss its Chapter 11 Case, with a hearing to be held on June 24, 2009. On June 19, 2009, the motion was adjourned without a date for a continuation hearing.

The Chapter 11 cases of Fundo de Investimento Multimercado Credito Privado Navigator Investimento No Exterior (Case No: 08-13903) and Lehman Brothers Finance SA (Case No: 08-13887) have been dismissed.

 

3

LEHMAN BROTHERS HOLDINGS INC. (“LBHI”) AND OTHER DEBTORS AND OTHER

CONTROLLED ENTITIES

BASIS OF PRESENTATION

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

JULY 1, 2011 TO JULY 31, 2011

The information and data included in this Monthly Operating Report (“MOR”) are derived from sources available to Lehman Brothers Holdings Inc. (“LBHI”) and its Controlled Entities (collectively, the “Company”). The term “Controlled Entities” refers to those entities that are directly controlled by LBHI, including LAMCO LLC (“LAMCO”), and excludes, among others, those entities that are under separate administrations in the United States or abroad, including Lehman Brothers Inc., which is the subject of proceedings under the Securities Investor Protection Act, and Aurora Bank and Woodlands Commercial Bank, which are indirectly controlled by LBHI. LBHI and certain of its Controlled Entities have filed for protection under Chapter 11 of the Bankruptcy Code, and those entities are referred to herein as the “Debtors”. The Debtors’ Chapter 11 cases have been consolidated for procedural purposes only and are being jointly administered pursuant to Rule 1015(b) of the Federal Rules of Bankruptcy Procedure. The Debtors have prepared this MOR, as required by the Office of the United States Trustee, based on the information available to the Debtors at this time, but note that such information may be incomplete and may be materially deficient in certain respects. This MOR is not meant to be relied upon as a complete description of the Debtors, their business, condition (financial or otherwise), results of operations, prospects, assets or liabilities. The Debtors reserve all rights to revise this report.

 

  1.

This MOR is not prepared in accordance with U.S. generally accepted accounting principles (GAAP). This MOR should be read in conjunction with the financial statements and accompanying notes in the Company’s reports that were filed with the United States Securities and Exchange Commission.

 

  2.

This MOR is not audited and will not be subject to audit or review by the Company’s external auditors at any time in the future.

 

  3.

Beginning and ending balances include cash in demand-deposit accounts (DDA), money-market funds (MMF), treasury bills and other investments.

 

  4.

Beginning and ending cash balances are based on preliminary closing numbers and are subject to adjustment.

 

  5.

Beginning and ending cash and investment balances exclude the following:

 

  —  

Cash posted as collateral for hedging activity;

  —  

Cash related to LBHI’s wholly-owned indirect subsidiaries Aurora Bank FSB and Woodlands Commercial Bank;

  —  

Cash pledged on or prior to September 15, 2008 by the Company in connection with certain documents executed by the Company and Citigroup Inc. and HSBC Bank PLC, currently recorded at $2 billion and $233 million, respectively; and

  —  

$500 million which was seized by Bank of America (“BOA”) to offset derivatives claims against the Debtors. On November 16, 2010, the Bankruptcy Court ruled that BOA had no right to set-off these funds and must return the $500 million plus an estimated $95 million in interest to the Company.

 

  6.

Restricted cash balances are based on preliminary estimates of cash in co-mingled or segregated accounts associated with pledged assets, court ordered segregated accounts, funds administratively held by banks and other identified funds which may not belong to the Debtors or other Controlled Entities.

 

4

LEHMAN BROTHERS HOLDINGS INC. and Other Debtors and Other Controlled Entities

Summary Schedule of Cash Receipts and Disbursements

July 1, 2011 - July 31, 2011

Unaudited ($ in millions, foreign currencies reflected in USD equivalents)

 

                                                                           Total
Debtors
and Other
Controlled
Entities		  
     Debtors      Other Controlled Entities     
     LBHI      LBSF      LCPI      Other      Total      LAMCO      LB1 Grp      PAMI      Other      Total     

Beginning Free Cash and Investments (7/1/11)

    $ 2,045        $ 8,954        $ 3,403        $ 3,490        $ 17,893        $ 15        $ 1,415        $ -        $ 2,481        $ 3,911        $ 21,804    

Restricted Cash

      1,751          681          48          52          2,532          -          -          -          74          74          2,606    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Beginning Total Cash and Investments

      3,796          9,635          3,452          3,542          20,425          15          1,415          -          2,555          3,985          24,409    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Sources of Cash

                                 

Derivatives

      -          38          -          157          195          -          -          -          -          -          195    

Loans

      181          -          311          -          492          -          -          -          -          -          492    

Private Equity / Principal Investing

      69          -          2          -          71          -          21          -          -          21          92    

Real Estate

      56          -          146          -          202          -          -          -          5          5          206    

Other

      56          74          49          -          177          -          -          -          -          -          177    

Asia / South America

      -          -          -          -          -          -          -          -          23          23          23    

Inter-Company Transfers

      13          -          -          9          22          -          -          -          11          11          33    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total Sources of Cash

      374          112          507          167          1,160          -          21          -          38          60          1,219    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Uses of Cash

                                 

Non-Operating (Principally Preservation of Assets)

                                 

Derivatives

      -          (29)         -          -          (29)         -          -          -          -          -          (29)   

Loans

      -          -          (28)         -          (28)         -          -          -          -          -          (28)   

Private Equity / Principal Investing

      -          -          -          -          -          -          (3)         -          -          (3)         (3)   

Real Estate

      (13)         -          (70)         -          (83)         -          (1)         -          -          (1)         (83)   

Other

      (47)         (80)         (44)         -          (170)         -          -          -          -          -          (170)   

Operating

      (46)         (1)         -          -          (47)         (8)         -          -          (2)         (10)         (57)   

Asia / South America

      -          -          -          -          -          -          -          -          (87)         (87)         (87)   

Inter-Company Transfers

      (11)         (10)         (6)         -          (26)         -          -          -          (7)         (7)         (33)   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total Uses of Cash

      (116)         (120)         (147)         -          (383)         (8)         (3)         -          (96)         (107)         (490)   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Net Cash Flow

      258          (8)         360          167          777          (8)         18          -          (58)         (48)         729    

FX Fluctuation

      -          -          -          1          1          -          -          -          18          18          19    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Ending Total Cash and Investments

      4,054          9,628          3,812          3,710          21,203          7          1,433          -          2,515          3,955          25,158    

Restricted Cash

      (1,929)         (681)         (48)         (53)         (2,711)         -          -          -          (9)         (9)         (2,720)   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Ending Free Cash and Investments (7/31/11)

    $ 2,125        $ 8,947        $ 3,764        $ 3,656        $ 18,492        $ 7        $ 1,433        $ -        $ 2,506        $ 3,946        $ 22,437    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Totals may not foot due to rounding.

 

5

LEHMAN BROTHERS HOLDINGS INC. and Other Debtors and Other Controlled Entities

Schedule of Cash Receipts and Disbursements

July 1, 2011 - July 31, 2011

Unaudited ($ in millions, foreign currencies reflected in USD equivalents)

 

         Debtors      Other Controlled Entities      Total
Debtors
and Other
Controlled
Entities		  
          
         LBHI      LBSF      LCPI      Other      Total      LAMCO      LB1 Grp      PAMI      Other      Total     

Beginning Free Cash and Investments (7/1/11)

      $ 2,045        $ 8,954        $ 3,403        $ 3,490        $ 17,893        $ 15        $ 1,415        $ -        $ 2,481        $ 3,911        $ 21,804    

Restricted Cash

        1,751          681          48          52          2,532          -          -          -          74          74          2,606    
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Beginning Total Cash and Investments

        3,796          9,635          3,452          3,542          20,425          15          1,415          -          2,555          3,985          24,409    
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Sources of Cash

                                   

Derivatives

                                   

Collections from Live / Terminated Trades

   (a)      -          38          -          157          195          -          -          -          -          -          195    

Loans

                                   

Agency Receipts

   (b)      -          -          18          -          18          -          -          -          -          -          18    

Principal

   (c)      180          -          288          -          468          -          -          -          -          -          468    

Interest

        1          -          4          -          6          -          -          -          -          -          6    

Private Equity / Principal Investing

                                   

Principal

   (d)      69          -          2          -          71          -          21          -          -          21          92    

Real Estate

                                   

Principal

   (e)      55          -          141          -          196          -          -          -          5          5          200    

Interest

        1          -          5          -          6          -          -          -          -          -          6    

Other

                                   

Compensation and Benefits Reimbursements

        1          -          -          -          1          -          -          -          -          -          1    

Interest

   (f)      -          1          1          -          2          -          -          -          -          -          2    

Return of Hedging Collateral

   (g)      2          72          43          -          117          -          -          -          -          -          117    

Structured Notes

   (h)      48          -          -          -          48          -          -          -          -          -          48    

Other

        5          -          5          -          10          -          -          -          -          -          10    

Asia / South America

        -          -          -          -          -          -          -          -          23          23          23    

Inter-Company Transfers

        13          -          -          9          22          -          -          -          11          11          33    
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total Sources of Cash

        374          112          507          167          1,160          -          21          -          38          60          1,219    
    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

6

LEHMAN BROTHERS HOLDINGS INC. and Other Debtors and Other Controlled Entities

Schedule of Cash Receipts and Disbursements

July 1, 2011 - July 31, 2011

Unaudited ($ in millions, foreign currencies reflected in USD equivalents)

 

         Debtors     Other Controlled Entities     Total
Debtors
and Other
Controlled
Entities		  
            
         LBHI     LBSF     LCPI     Other     Total     LAMCO     LB1 Grp     PAMI      Other     Total    

Uses of Cash

                          

Non-Operating (Principally Preservation of Assets)

                          

Derivatives

                          

Other

    (i)     -         (29 )      -         -         (29 )      -         -         -          -         -         (29 ) 

Loans

                          

Agency Disbursements

    (b)     -         -         (18 )      -         (18 )      -         -         -          -         -         (18 ) 

Other

        -         -         (10 )      -         (10 )      -         -         -          -         -         (10 ) 

Private Equity / Principal Investing

                          

Capital Calls

        -         -         -         -         -         -         (3 )      -          -         (3 )      (3 ) 

Real Estate

                          

Preservation of Assets

    (j)     (13 )      -         (70 )      -         (83 )      -         (1 )      -          -         (1 )      (83 ) 

Other

                          

Hedging Collateral

    (k)     (3 )      (80 )      (43 )      -         (126 )      -         -         -          -         -         (126 ) 

Other

        (44 )      (1 )      (1 )      -         (45 )      -         -         -          -         -         (45 ) 

Operating

    (l)                       

Compensation and Benefits

    (m)     (12 )      -         -         -         (12 )      (6 )      -         -          (1 )      (7 )      (19 ) 

Professional Fees

        (21 )      -         -         -         (21 )      -         -         -          -         -         (21 ) 

Other

    (n)     (14 )      (1 )      -         -         (15 )      (3 )      -         -          (1 )      (3 )      (18 ) 

Asia / South America

        -         -         -         -         -         -         -         -          (87 )      (87 )      (87 ) 

Inter-Company Transfers

        (11 )      (10 )      (6 )      -         (26 )      -         -         -          (7 )      (7 )      (33 ) 
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Total Uses of Cash

        (116 )      (120 )      (147 )      -         (383 )      (8 )      (3 )      -          (96 )      (107 )      (490 ) 
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Net Cash Flow

        258        (8 )      360        167        777        (8 )      18        -          (58 )      (48 )      729   

FX Fluctuation

    (o)     -         -         -         1        1        -         -         -          18        18        19   
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Ending Total Cash and Investments

        4,054        9,628        3,812        3,710        21,203        7        1,433        -          2,515        3,955        25,158   

Restricted Cash

        (1,929 )      (681 )      (48 )      (53 )      (2,711 )      -         -         -          (9 )      (9 )      (2,720 ) 
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Ending Free Cash and Investments (7/31/11)

      $ 2,125      $ 8,947      $ 3,764      $ 3,656      $ 18,492      $ 7      $ 1,433      $ -        $ 2,506      $ 3,946      $ 22,437   
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Totals may not foot due to rounding.

 

7

 

LEHMAN BROTHERS HOLDINGS INC. and Other Debtors and Other Controlled Entities

Schedule of Cash Receipts and Disbursements

July 1, 2011 - July 31, 2011

Unaudited ($ in millions, foreign currencies reflected in USD equivalents)

Notes:

(a) Collections from Live / Terminated Trades for Other Debtors: LBCS $155 million, LBCC $1 million and LBFP $1 million.

(b) Reflects the collection and subsequent distribution of principal and interest to syndicated loan participants.

(c) Primarily reflects a $423 million pay down on a loan facility.

(d) Primarily reflects $81 million in redemptions/distributions from GP/LP investments and $7 million in distributions from direct investments.

(e) Primarily reflects a $122 million receipt on the Archstone revolver and $44 million from the sale of the GNMA reverse mortgage portfolio.

(f) Reflects interest collected on investment portfolios.

(g) Reflects the return of cash collateral posted to hedge foreign currency and interest rate risk.

(h) Reflects receipts from the Spruce and Verano trustees.

(i) Reflects disbursements for the purchase of SPV notes to facilitate the unwind of derivative contracts.

(j) Primarily reflects a $66 million draw down on the Archstone revolver.

(k) Reflects cash collateral posted to hedge foreign currency and interest rate risk.

(l) A portion of the Operating costs for LBHI and LAMCO will be subject to future cost allocation to various Lehman legal entities.

(m) Compensation and Benefits includes Lehman employees as well as fees paid to Alvarez & Marsal as interim management.

(n) Primarily reflects expenses related to occupancy, the Transition Services Agreement, taxes, insurance and infrastructure costs.

(o) Reflects fluctuation in value of foreign currency bank accounts.

 

8

LEHMAN BROTHERS HOLDINGS INC. (“LBHI”) AND OTHER DEBTORS AND OTHER

CONTROLLED ENTITIES

BASIS OF PRESENTATION

SCHEDULE OF PROFESSIONAL FEE AND EXPENSE DISBURSEMENTS

DATED FROM SEPTEMBER 15, 2008 TO JULY 31, 2011

The information and data included in this Monthly Operating Report (“MOR”) are derived from sources available to Lehman Brothers Holdings Inc. (“LBHI”) and its Controlled Entities (collectively, the “Company”). The term “Controlled Entities” refers to those entities that are directly or indirectly controlled by LBHI, including LAMCO LLC (“LAMCO”), and excludes, among others, those entities that are under separate administrations in the United States or abroad, including Lehman Brothers Inc., which is the subject of proceedings under the Securities Investor Protection Act, and Aurora Bank and Woodlands Commercial Bank, which are indirectly controlled by LBHI. LBHI and certain of its Controlled Entities have filed for protection under Chapter 11 of the Bankruptcy Code, and those entities are referred to herein as the “Debtors”. The Debtors’ Chapter 11 cases have been consolidated for procedural purposes only and are being jointly administered pursuant to Rule 1015(b) of the Federal Rules of Bankruptcy Procedure. The Debtors have prepared this MOR, as required by the Office of the United States Trustee, based on the information available to the Debtors at this time, but note that such information may be incomplete and may be materially deficient in certain respects. This MOR is not meant to be relied upon as a complete description of the Debtors, their business, condition (financial or otherwise), results of operations, prospects, assets or liabilities. The Debtors reserve all rights to revise this report.

 

  1.

This MOR is not prepared in accordance with U.S. generally accepted accounting principles (GAAP). This MOR should be read in conjunction with the financial statements and accompanying notes in the Company’s reports that were filed with the United States Securities and Exchange Commission.

 

  2.

This MOR is not audited and will not be subject to audit or review by the Company’s external auditors at any time in the future.

 

  3.

The professional fee disbursements presented in this report reflect the date of actual cash payments to professional service providers. The Debtors have incurred additional professional fee expenses during the reporting period that will be reflected in future MORs as cash payments are made to providers.

 

  4.

The professional fee disbursements presented in this report have been paid by LBHI; however, a portion has been charged back to debtor and non-debtor subsidiaries based on the direct costs associated with each entity and an allocation methodology. The professional fees exclude services rendered on behalf of non-debtor entities which are invoiced separately.

 

9

LEHMAN BROTHERS HOLDINGS INC. and Other Debtors and Other Controlled Entities

Schedule of Professional Fee and Expense Disbursements

July 2011

Unaudited ($ in thousands)

 

 

       July-2011         Sept-2008
Through
July-2011		  

Debtors - Claims and Noticing Agent

      

Epiq Bankruptcy Solutions LLC

   Claims Management and Noticing Agent   $ -       $ 13,546    

Debtors - Section 363 Professionals

      

Alvarez & Marsal LLC

   Interim Management     8,950         460,099    

Kelly Matthew Wright

   Art Consultant and Auctioneer     -         91    

Natixis Capital Markets Inc.

   Derivatives Consultant     -         14,590    

Debtors - Section 327 Professionals

      

Bingham McCutchen LLP

   Special Counsel - Tax     702         18,725    

Bortstein Legal LLC

   Special Counsel - IT and Other Vendor Contracts     24         3,938    

Clyde Click, P.C.

   Special Counsel - Real Estate     12         161    

Curtis, Mallet-Prevost, Colt & Mosle LLP

   Special Counsel - Conflicts     -         31,376    

Dechert LLP

   Special Counsel - Real Estate     134         2,333    

Deloitte LLP

   Tax Services     -         244    

Discover Ready LLC

   eDiscovery Services     152         13,787    

Ernst & Young LLP

   Audit and Tax Services     50         1,606    

Gibson Dunn & Crutcher LLP

   Special Counsel - Real Estate     105         2,495    

Hudson Global Resources

   Contract Attorneys     104         10,834    

Huron Consulting

   Tax Services     -         2,145    

Jones Day

   Special Counsel - Asia and Domestic Litigation     1,451         55,609    

Kasowitz, Benson, Torres & Friedman

   Special Counsel - Litigation     119         1,047    

Kleyr Grasso Associes

   Special Counsel - UK     -         528    

Latham & Watkins LLP

   Special Counsel - Real Estate     10         529    

Lazard Freres & Co.

   Investment Banking Advisor     882         29,504    

McKenna Long & Aldridge LLP

   Special Counsel - Commercial Real Estate Lending     -         4,935    

MMOR Consulting

   Tax Services     82         481    

Momo-o, Matsuo & Namba

   Special Counsel - Asia     61         255    

O’Neil Group

   Tax Services     112         1,784    

Pachulski Stang Ziehl & Jones

   Special Counsel - Real Estate     71         2,170    

Paul, Hastings, Janofsky & Walker LLP

   Special Counsel - Real Estate     139         1,664    

Pricewaterhouse Coopers LLP

   Tax Services     244         1,808    

Reed Smith LLP

   Special Counsel - Insurance     74         682    

Reilly Pozner LLP

   Special Counsel - Mortgage Litigation and Claims     224         6,762    

Simpson Thacher & Bartlett LLP

   Special Counsel - SEC Reporting, Asset Sales, and Congressional Testimony     -         2,639    

SNR Denton LLP

   Special Counsel - Real Estate     -         1,008    

Sutherland LLP

   Special Counsel - Tax     1         590    

Weil Gotshal & Manges LLP

   Lead Counsel     7,700         326,633    

Windels Marx Lane & Mittendorf, LLP

   Special Counsel - Real Estate     -         2,747    

Wollmuth Maher & Deutsch LLP

   Special Counsel - Derivatives     72         1,022    

Creditors - Section 327 Professionals

      

FTI Consulting Inc.

   Financial Advisor     2,340         68,269    

Houlihan Lokey Howard & Zukin Capital Inc.

   Investment Banking Advisor     330         12,796    

Milbank Tweed Hadley & McCloy LLP

   Lead Counsel     2,543         104,674    

Quinn Emanuel Urquhart Oliver & Hedges LLP

   Special Counsel - Conflicts     911         19,595    

Richard Sheldon, Q.C.

   Special Counsel - UK     -         256    

Examiner - Section 327 Professionals

      

Duff & Phelps LLC

   Financial Advisor     -         42,502    

Jenner & Block LLP

   Examiner     7         58,435    

Fee Examiner

      

Godfrey & Kahn, S.C.

   Fee Examiner (Current)     263         1,611    

Feinberg Rozen LLP

   Fee Examiner (Previous)     -         3,158    

Brown Greer Plc

   Fee and Expense Analyst     37         690    

 

  

 

 

    

 

 

  

Total Non-Ordinary Course Professionals

     27,906         1,330,353    

 

  

 

 

    

 

 

  

Debtors - Ordinary Course Professionals

    513         41,060    

 

  

 

 

    

 

 

  

US Trustee Quarterly Fees

     172         1,478    

 

  

 

 

    

 

 

  

Total Professional Fees and UST Fees

  $ 28,591       $ 1,372,890    

 

  

 

 

    

 

 

  

 

(a)

Debtors - Ordinary Course Professionals has been decreased by $292 thousand to adjust for payments that were misclassified in previous MORs.

 

10