Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Motors Liquidation Co | d498777d8k.htm |
Exhibit 99.1
MLC GUC Trust
2018 (Calendar Year) Administrative Costs Budget
November 2017
| $ in thousands | QE 3.31 | QE 6.30 | QE 9.30 | QE 12.31 |
Total Budget |
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| Governance Costs |
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| Trust Monitor (FTI Consulting) |
$204.0 | $204.0 | $204.0 | $204.0 | $816.0 | |||||||||||||||||
| Trust Administrator (Wilmington Trust) |
357.7 | 357.7 | 357.7 | 357.7 | 1,430.8 | |||||||||||||||||
| Subtotal for Governance Costs |
561.7 | 561.7 | 561.7 | 561.7 | 2,246.8 | |||||||||||||||||
| Financial Reporting & Claims Resolution |
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| Alix Partners |
96.0 | 96.0 | 96.0 | 96.0 | 384.0 | |||||||||||||||||
| Distribution Advisor-Epiq |
5.0 | 5.0 | 5.0 | 5.0 | 20.0 | |||||||||||||||||
| Claims Agent (Garden City Group) |
18.4 | 18.4 | 18.4 | 18.4 | 73.5 | |||||||||||||||||
| Trust Corporate Counsel (Gibson Dunn) (Wind Down) |
150.0 | 150.0 | 150.0 | 150.0 | 600.0 | |||||||||||||||||
| Trust Recall Matter Counsel (Gibson Dunn) (a) |
1,500.0 | 500.0 | 500.0 | 500.0 | 3,000.0 | |||||||||||||||||
| Subtotal for Financial Reporting & Claims Resolution |
1,769.4 | 769.4 | 769.4 | 769.4 | 4,077.5 | |||||||||||||||||
| Investment, Accounting & Tax Advisors |
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| Investment Management Services (Wilmington Trust) |
65.0 | 65.0 | 65.0 | 65.0 | 260.0 | |||||||||||||||||
| External Auditor (Plante Moran) |
22.0 | 110.0 | 5.0 | 5.0 | 142.0 | |||||||||||||||||
| Tax Advisor (Rick Zablocki) |
10.0 | 15.0 | 10.0 | 10.0 | 45.0 | |||||||||||||||||
| Subtotal for Investment, Accounting & Tax Advisors |
97.0 | 190.0 | 80.0 | 80.0 | 447.0 | |||||||||||||||||
| Other Expenses |
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| Insurance Expense |
57.0 | 57.0 | 57.0 | 57.0 | 228.0 | |||||||||||||||||
| US Trustee Fees |
13.0 | 13.0 | 13.0 | 13.0 | 52.0 | |||||||||||||||||
| Contingency |
500.0 | 500.0 | 500.0 | 500.0 | 2,000.0 | |||||||||||||||||
| Subtotal for Other Expenses |
570.0 | 570.0 | 570.0 | 570.0 | 2,280.0 | |||||||||||||||||
| Total Wind Down Expense |
$2,998.1 | $2,091.1 | $1,981.1 | $1,981.1 | $9,051.3 | |||||||||||||||||
(a) Budget line item for “Trust Recall Matter Counsel (Gibson Dunn)” assumes (i) that the Signatory Plaintiffs’ Motion to Enforce Settlement Agreement [Dkt. No. 14092] (the “Plaintiffs’ Motion”) is not approved by the Bankruptcy Court, and (ii) that the GUC Trust’s Motion to Authorize Forbearance Agreement [Dkt. No. 14095] (the “GUC Trust’s Motion”) is similarly not approved by the Bankruptcy Court. In such scenario, the GUC Trust intends to continue to vigorously defend its interests against the Plaintiffs’ prior motions seeking authority to file late claims against the GUC Trust. In the event that either the Plaintiffs’ Motion or the GUC Trust’s Motion are granted by the Bankruptcy Court and upheld on appeal (if any), or any other unanticipated material legal matter arises, then the dollar values set forth in the line item “Trust Recall Matter Counsel (Gibson Dunn)” will likely be materially different than as set forth in the Budget.
MLC GUC Trust
2018 (Calendar Year) Reporting Costs Budget
November 2017
| $ in thousands | QE 3.31 | QE 6.30 | QE 9.30 | QE 12.31 |
Total Budget |
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| Governance Costs |
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| Trust Monitor (FTI Consulting) |
$125.0 | $125.0 | $125.0 | $125.0 | $500.0 | |||||||||||||||||
| Trust Administrator (Wilmington Trust) |
325.0 | 325.0 | 325.0 | 325.0 | 1,300.0 | |||||||||||||||||
| Subtotal for Governance Costs |
450.0 | 450.0 | 450.0 | 450.0 | 1,800.0 | |||||||||||||||||
| Trust Professionals |
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| AlixPartners |
306.0 | 306.0 | 306.0 | 306.0 | 1,224.0 | |||||||||||||||||
| Frazier & Deeter |
49.0 | 49.0 | 60.0 | 42.0 | 200.0 | |||||||||||||||||
| Gibson Dunn |
187.5 | 187.5 | 187.5 | 187.5 | 750.0 | |||||||||||||||||
| CohnReznick |
39.7 | 52.4 | 17.3 | 74.4 | 183.8 | |||||||||||||||||
| Plante Moran |
25.0 | 20.0 | 25.0 | 25.0 | 95.0 | |||||||||||||||||
| Crowell Moring |
105.0 | 105.0 | 105.0 | 105.0 | 420.0 | |||||||||||||||||
| Subtotal for Trust Professionals |
712.2 | 719.9 | 700.8 | 739.9 | 2,872.8 | |||||||||||||||||
| Other Expenses |
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| RR Donnelly |
25.0 | 25.0 | 25.0 | 25.0 | 100.0 | |||||||||||||||||
| Contingency |
125.0 | 125.0 | 125.0 | 125.0 | 500.0 | |||||||||||||||||
| Subtotal for Other Expenses |
150.0 | 150.0 | 150.0 | 150.0 | 600.0 | |||||||||||||||||
| Total Reporting Costs |
$1,312.2 | $1,319.9 | $1,300.8 | $1,339.9 | $5,272.8 | |||||||||||||||||