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Kabbage - COC re Revised Omnibus Final Fee Order, Doc. 966-1 — In re KServicing Wind Down Corp., et al.

Date
2022-10-03

Summary

Exhibit A, Final Fee Applications, filed September 5, 2023 as Doc 966-1 in In re: KServicing Wind Down Corp., et al., Case No. 22-10951 (CTG). The two-page table lists six professionals' final fee applications for the compensation period 10/3/22 – 6/20/23, with each applicant's docket number, role, fees and expenses requested, and fees and expenses approved. Richards, Layton & Finger, P.A. [D.I. 914] requested $2,083,233.00 in fees, with $2,081,377.00 approved after an agreed reduction of $1,856.00; AlixPartners, LLP [D.I. 915] requested and was approved $4,164,322.25. The table also lists Jones Day [D.I. 916], Greenberg Traurig, LLP [D.I. 917], Omni Agent Solutions, Inc. [D.I. 918] and Weil, Gotshal & Manges LLP [D.I. 919], the last with $11,020,968.50 in fees. A footnote states that unused Estimated Amounts for RL&F are to be paid to the Wind Down Estates under the Plan.

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Full text

                                               Case 22-10951-CTG            Doc 966-1       Filed 09/05/23        Page 1 of 2


                                                                              EXHIBIT A
                                                                       Final Fee Applications
                                                              In re: KServicing Wind Down Corp., et al.
                                                                      Case No. 22-10951 (CTG)

                       Applicant, Docket                                 Total Fee          Total Expense
                                                     Final
                     No. of Application &                                 Amount               Amount                Final Fees        Final Expenses
                                                  Compensation
                      Applicant’s Role in                              Requested on a       Requested on a           Approved            Approved
                                                     Period
                             Cases                                      Final Basis          Final Basis
                     Richards, Layton &
                     Finger, P.A.
                     [D.I. 914]                 10/3/22 – 6/20/23       $2,083,233.00          $53,053.36         $2,081,377.001, 2       $53,053.361
                     Co-Counsel to the
                     Debtors
                     AlixPartners, LLP
                     [D.I. 915]
                                                10/3/22 – 6/20/23       $4,164,322.25          $30,962.60          $4,164,322.25          $30,962.60
                     Financial Advisor to
                     the Chapter 11
                     Debtors
                     Jones Day
                     [D.I. 916]
                                                10/3/22 – 6/20/23        $335,542.50          $241,372.90           $335,542.50          $241,372.90
                     Special Counsel to the
                     Debtors




1
 The Final Fee Application filed by Richards, Layton & Finger, P.A. (“RL&F”) included Estimated Amounts for the Estimated Period (each as defined therein). To the extent the
Estimated Amounts are ultimately not used in satisfaction of fees and expenses incurred by RL&F, any unused amounts shall be paid to the Wind Down Estates in accordance with
the terms of the Plan.
2
    The Final Fees Approved for RL&F include an agreed reduction of $1,856.00 from the Total Fee Amount Requested on a Final Basis.

RLF1 29554080v.1
                                            Case 22-10951-CTG        Doc 966-1      Filed 09/05/23   Page 2 of 2

                     Applicant, Docket                             Total Fee        Total Expense
                                                 Final
                   No. of Application &                             Amount             Amount          Final Fees     Final Expenses
                                              Compensation
                    Applicant’s Role in                          Requested on a     Requested on a     Approved         Approved
                                                 Period
                           Cases                                  Final Basis        Final Basis
                   Greenberg Traurig,
                   LLP
                   [D.I. 917]
                                             10/3/22 – 6/20/23    $475,895.00          $411.25        $475,895.00        $411.25
                   Special Counsel to the
                   Board of Directors of
                   Kabbage, Inc. d/b/a
                   KServicing
                   Omni Agent
                   Solutions, Inc.
                   [D.I. 918]                10/3/22 – 6/20/23     $59,056.85           $0.00          $59,056.85         $0.00

                   Administrative Agent
                   Weil, Gotshal &
                   Manges LLP
                   [D.I. 919]                10/3/22 – 6/20/23   $11,020,968.50       $72,043.36     $11,020,968.50     $72,043.36

Weil
                   Attorneys for Debtors




RLF1 29554080v.1
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