EX-99.1 2 d234149dex991.htm LEHMAN BROTHERS HOLDINGS INC.-MONTHLY OPERATING REPORT Lehman Brothers Holdings Inc.-Monthly Operating Report

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

AUGUST 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: September 21, 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   

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

AUGUST 1, 2011 TO AUGUST 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

August 1, 2011 - August 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 (8/1/11)

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

Restricted Cash

     1,929        681        48        53        2,711        —        —        —        9        9        2,720   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Beginning Total Cash and Investments

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

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Sources of Cash

                      

Derivatives

     —        81        —        13        94        —        —        —        —        —        94   

Loans

     3        —        258        —        261        —        —        —        —        —        261   

Private Equity / Principal Investing

     9        —        1        —        10        —        66        —        1        67        77   

Real Estate

     61        —        101        —        162        —        —        34        6        40        202   

Other

     26        156        49        2        233        —        2        —        2        4        238   

Asia / South America

     —        —        —        —        —        —        —        —        55        55        55   

Inter-Company Transfers

     77        6        4        1        89        5        —        3        40        47        136   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Sources of Cash

     175        243        413        17        849        5        68        37        104        214        1,063   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Uses of Cash

                      

Non-Operating (Principally Preservation of Assets)

                      

Derivatives

     —        (18 )      —        —        (18 )      —        —        —        —        —        (18 ) 

Loans

     —        —        (176 )      —        (176 )      —        —        —        —        —        (176 ) 

Private Equity / Principal Investing

     —        —        —        —        —        —        (9 )      —        —        (9 )      (9 ) 

Real Estate

     (10 )      —        (46 )      —        (55 )      —        —        —        (4 )      (4 )      (60 ) 

Other

     (10 )      (161 )      (56 )      (13 )      (240 )      —        (1 )      —        —        (1 )      (241 ) 

Operating

     (47 )      (4 )      —        —        (51 )      (11 )      —        —        (3 )      (14 )      (64 ) 

Asia / South America

     —        —        —        —        —        —        —        —        (18 )      (18 )      (18 ) 

Inter-Company Transfers

     (56 )      (1 )      (5 )      (1 )      (63 )      —        (3 )      (36 )      (35 )      (74 )      (137 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Uses of Cash

     (122 )      (184 )      (283 )      (14 )      (603 )      (11 )      (13 )      (36 )      (60 )      (120 )      (723 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net Cash Flow

     53        59        130        3        246        (6 )      56        1        44        94        340   

FX Fluctuation

     (1 )      —        (1 )      —        (2 )      —        —        —        (2 )      (2 )      (4 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending Total Cash and Investments

     4,106        9,686        3,941        3,713        21,447        1        1,489        1        2,557        4,047        25,494   

Restricted Cash

     (1,982 )      (681 )      (48 )      (53 )      (2,765 )      —        —        —        (9 )      (9 )      (2,774 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending Free Cash and Investments (8/31/11)

   $ 2,124      $ 9,005      $ 3,893      $ 3,660      $ 18,682      $ 1      $ 1,489      $ 1      $ 2,548      $ 4,038      $ 22,720   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
                     

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

August 1, 2011 - August 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 (8/1/11)

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

Restricted Cash

        1,929        681        48        53        2,711        —        —        —        9        9        2,720   
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Beginning Total Cash and Investments

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

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Sources of Cash

                         

Derivatives

                         

Collections from Live / Terminated Trades

      (a )      —        81        —        13        94        —        —        —        —        —        94   

Loans

                         

Agency Receipts

      (b )      —        —        157        —        157        —        —        —        —        —        157   

Principal

        3        —        90        —        93        —        —        —        —        —        93   

Interest

        —        —        11        —        11        —        —        —        —        —        11   

Private Equity / Principal Investing

                         

Principal

        7        —        1        —        7        —        64        —        1        65        72   

Interest

        2        —        —        —        2        —        2        —        —        2        5   

Real Estate

                         

Principal

        58        —        97        —        155        —        —        33        6        39        194   

Interest

        4        —        4        —        7        —        —        1        —        1        8   

Other

                         

Interest

      (c )      1        2        1        2        6        —        2        —        1        3        9   

Return of Hedging Collateral

      (d )      8        154        46        —        207        —        —        —        —        —        207   

Other

        17        —        3        —        20        —        —        —        2        2        22   

Asia / South America

        —        —        —        —        —        —        —        —        55        55        55   

Inter-Company Transfers

        77        6        4        1        89        5        —        3        40        47        136   
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Sources of Cash

        175        243        413        17        849        5        68        37        104        214        1,063   
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

6

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

Schedule of Cash Receipts and Disbursements

August 1, 2011 - August 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    

Uses of Cash

                        

Non-Operating (Principally Preservation of Assets)

                        

Derivatives

                        

Other

     (e )      —          (18 )      —          —          (18 )      —          —          —          —          —          (18 ) 

Loans

                        

Agency Disbursements

     (b )      —          —          (157 )      —          (157 )      —          —          —          —          —          (157 ) 

Other

     (f )      —          —          (18 )      —          (18 )      —          —          —          —          —          (18 ) 

Private Equity / Principal Investing

                        

Capital Calls

       —          —          —          —          —          —          (9 )      —          —          (9 )      (9 ) 

Real Estate

                        

Preservation of Assets

     (g )      (10 )      —          (46 )      —          (55 )      —          —          —          (4 )      (4 )      (60 ) 

Other

                        

Hedging Collateral

     (h )      (8 )      (159 )      (52 )      (11 )      (230 )      —          —          —          —          —          (230 ) 

Other

       (2 )      (2 )      (3 )      (2 )      (9 )      —          (1 )      —          —          (1 )      (11 ) 

Operating

     (i )                       

Compensation and Benefits

     (j )      (12 )      —          —          —          (12 )      (6 )      —          —          (1 )      (7 )      (19 ) 

Professional Fees

       (26 )      (1 )      —          —          (27 )      (1 )      —          —          —          (1 )      (28 ) 

Other

     (k )      (9 )      (2 )      —          —          (11 )      (5 )      —          —          (1 )      (6 )      (17 ) 

Asia / South America

       —          —          —          —          —          —          —          —          (18 )      (18 )      (18 ) 

Inter-Company Transfers

       (56 )      (1 )      (5 )      (1 )      (63 )      —          (3 )      (36 )      (35 )      (74 )      (137 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Uses of Cash

       (122 )      (184 )      (283 )      (14 )      (603 )      (11 )      (13 )      (36 )      (60 )      (120 )      (723 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net Cash Flow

       53        59        130        3        246        (6 )      56        1        44        94        340   

FX Fluctuation

     (l )      (1 )      —          (1 )      —          (2 )      —          —          —          (2 )      (2 )      (4 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending Total Cash and Investments

       4,106        9,686        3,941        3,713        21,447        1        1,489        1        2,557        4,047        25,494   

Restricted Cash

       (1,982 )      (681 )      (48 )      (53 )      (2,765 )      —          —          —          (9 )      (9 )      (2,774 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ending Free Cash and Investments (8/31/11)

     $ 2,124      $ 9,005      $ 3,893      $ 3,660      $ 18,682      $ 1      $ 1,489      $ 1      $ 2,548      $ 4,038      $ 22,720   
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

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

August 1, 2011 - August 31, 2011

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

Notes:

 

   (a) Includes collections from Live / Terminated Trades. Other Debtors: LBCS $13 million.
   (b) Reflects the collection and subsequent distribution of principal and interest to syndicated loan participants.
   (c) Reflects interest collected on investment portfolios.
   (d) Reflects the gross return of cash collateral posted to hedge foreign currency and interest rate risk.
   (e) Reflects the purchase of SPV notes to facilitate the unwinding of derivative contracts.
   (f) Reflects $11 million in disbursements to the Spruce and Verano trustees for funds received on assets that were participated to these CDO structures.
   (g) Primarily reflects a $40 million advance on the Archstone revolver.
   (h) Reflects cash collateral posted to hedge foreign currency and interest rate risk.
   (i) A portion of the Operating costs for LBHI and LAMCO will be subject to future cost allocation to various Lehman legal entities.
   (j) Compensation and Benefits includes Lehman employees as well as fees paid to Alvarez & Marsal as interim management.
   (k) Primarily reflects expenses related to occupancy, the Transition Services Agreement, taxes, insurance and infrastructure costs.
   (l) 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 AUGUST 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 will be 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

August 2011

Unaudited ($ in thousands)

 

 

    August-2011      Sept-2008
Through
August-2011		  

Debtors - Claims and Noticing Agent

         

Epiq Bankruptcy Solutions LLC

    Claims Management and Noticing Agent    $ 784       $ 14,330   

Debtors - Section 363 Professionals

         

Alvarez & Marsal LLC

    Interim Management      9,579         469,678   

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      596         19,321   

Bortstein Legal LLC

    Special Counsel - IT and Other Vendor Contracts      33         3,971   

Clyde Click, P.C.

    Special Counsel - Real Estate      12         173   

Curtis, Mallet-Prevost, Colt & Mosle LLP

    Special Counsel - Conflicts      1,649         33,025   

Dechert LLP

    Special Counsel - Real Estate      776         3,109   

Deloitte LLP

    Tax Services      —           244   

Discover Ready LLC

    eDiscovery Services      —           13,787   

Ernst & Young LLP

    Audit and Tax Services      —           1,606   

Gibson Dunn & Crutcher LLP

    Special Counsel - Real Estate      —           2,495   

Hudson Global Resources

    Contract Attorneys      85         10,919   

Huron Consulting

    Tax Services      —           2,145   

Jones Day

    Special Counsel - Asia and Domestic Litigation      974         56,583   

Kasowitz, Benson, Torres & Friedman

    Special Counsel - Litigation      213         1,260   

Kleyr Grasso Associes

    Special Counsel - UK      58         586   

Latham & Watkins LLP

    Special Counsel - Real Estate      14         542   

Lazard Freres & Co.

    Investment Banking Advisor      485         29,989   

Locke Lord Bissell & Liddell LLP

    Special Counsel - Mortgage Litigation and Claims      1,101         1,101   

McKenna Long & Aldridge LLP

    Special Counsel - Commercial Real Estate Lending      362         5,297   

MMOR Consulting

    Tax Services      51         532   

Momo-o, Matsuo & Namba

    Special Counsel - Asia      92         348   

O’Neil Group

    Tax Services      154         1,938   

Pachulski Stang Ziehl & Jones

    Special Counsel - Real Estate      107         2,276   

Paul, Hastings, Janofsky & Walker LLP

    Special Counsel - Real Estate      342         2,006   

Pricewaterhouse Coopers LLP

    Tax Services      —           1,808   

Reed Smith LLP

    Special Counsel - Insurance      57         738   

Reilly Pozner LLP

    Special Counsel - Mortgage Litigation and Claims      250         7,012   

Simpson Thacher & Bartlett LLP

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

SNR Denton LLP

    Special Counsel - Real Estate      459         1,467   

Sutherland LLP

    Special Counsel - Tax      37         627   

Weil Gotshal & Manges LLP

    Lead Counsel      8,139         334,773   

Windels Marx Lane & Mittendorf, LLP

    Special Counsel - Real Estate      100         2,848   

Wollmuth Maher & Deutsch LLP

    Special Counsel - Derivatives      61         1,083   

Creditors - Section 327 Professionals

         

FTI Consulting Inc.

    Financial Advisor      2,284         70,553   

Houlihan Lokey Howard & Zukin Capital Inc.

    Investment Banking Advisor      327         13,123   

Milbank Tweed Hadley & McCloy LLP

    Lead Counsel      3,383         108,057   

Quinn Emanuel Urquhart Oliver & Hedges LLP

    Special Counsel - Conflicts      1,042         20,637   

Richard Sheldon, Q.C.

    Special Counsel - UK      9         265   

Examiner - Section 327 Professionals

         

Duff & Phelps LLC

    Financial Advisor      —           42,502   

Jenner & Block LLP

    Examiner      —           58,435   

Fee Examiner

         

Godfrey & Kahn, S.C.

    Fee Examiner (Current)      —           1,611   

Feinberg Rozen LLP

    Fee Examiner (Previous)      —           3,158   

Brown Greer Plc

    Fee and Expense Analyst      —           690   

 

   

 

 

     

 

 

  

Total Non-Ordinary Course Professionals

         33,614         1,363,966   

 

   

 

 

     

 

 

  

Debtors - Ordinary Course Professionals

         947         42,007   

 

   

 

 

     

 

 

  

US Trustee Quarterly Fees

         —           1,478   

 

   

 

 

     

 

 

  

Total Professional Fees and UST Fees

       $ 34,561       $ 1,407,452   

 

   

 

 

     

 

 

  

 

10