KServicing - GT Fee Application (Third Monthly - December 2022)
- Date
- 2023-01-30
Summary
Exhibit A to a monthly fee application in the bankruptcy case of Kabbage, Inc., Case 22-10951-CTG, filed January 30, 2023 as Doc 494-2: the detailed description of services on a Greenberg Traurig, LLP invoice dated January 27, 2023 for legal services through December 31, 2022 representing the Board of Directors. The invoice states total fees of $99,826.00, made up of $2,714.00 for employment and fee applications, $55,422.50 for board governance and $41,689.50 for plan and disclosure statement work, with a previous balance of $24,654.10 and a total amount due of $124,480.10. The time entries record 96.90 hours across the three task codes, with per-timekeeper hours, billed rates and amounts. The exhibit states that no expenses were charged to the file. The document is 15 pages.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Full text
Case 22-10951-CTG Doc 494-2 Filed 01/30/23 Page 1 of 15
Exhibit A
Detailed Description of Services
Case 22-10951-CTG Doc 494-2 Filed 01/30/23 Page 2 of 15
Invoice No. : 1000206728
File No. : 210757.010100
Bill Date : January 27, 2023
Kabbage, Inc.
925B Peachtree Street, NE
Suite 383
FULTON-GA
Tax ID / EIN: 36-4973937
Atlanta, GA 30309
INVOICE
Re: Representing Board of Directors
Legal Services through December 31, 2022:
Employment and Fee Applications: $ 2,714.00
Board Governance: $ 55,422.50
Plan and Disclosure Statement: $ 41,689.50
Total Fees: $ 99,826.00
Current Invoice: $ 99,826.00
Previous Balance (see attached statement): $ 24,654.10
Total Amount Due: $ 124,480.10
DVK:SC
Tax ID: 13‐3613083
Greenberg Traurig, LLP | Attorneys at Law | Terminus 200 | 3333 Piedmont Road, NE | Suite 2500 | Atlanta, Georgia 30305
Tel 678.553.2100 | Fax 678.553.2212 | www.gtlaw.com
Case 22-10951-CTG Doc 494-2 Filed 01/30/23 Page 3 of 15
Invoice No. : 1000206728
File No. : 210757.010100
Note: Payment is Due 30 Days from Date of Invoice
FOR YOUR CONVENIENCE,
PAYMENT INSTRUCTIONS FOR GT FIRM ACCOUNT
FOR FEES & COSTS ARE AS FOLLOWS:
For Wire Instructions:
Bank: WELLS FARGO BANK
ABA #: 121000248
For ACH Instructions:
Bank: WELLS FARGO BANK
ABA# 063107513
CREDIT TO: GREENBERG TRAURIG DEPOSITORY ACCOUNT
ACCOUNT #: 2000014648663
PLEASE
REFERENCE: CLIENT NAME: KSERVICING
FILE NUMBER: 210757.010100
INVOICE NUMBER: 1000206728*
BILLING
PROFESSIONAL: David B. Kurzweil
IF YOU WISH TO PAY BY CHECK PLEASE REMIT TO THE ADDRESS BELOW:
Greenberg Traurig
PO Box 936769
ATLANTA GA 31193-6769
Wire fees may be assessed by your bank.
* If paying more than one invoice, please reference all invoice numbers in wiring instructions.
Please contact acct‐cashreceipts@gtlaw.com for any payment related questions.
DVK:SC
Tax ID: 13‐3613083
Greenberg Traurig, LLP | Attorneys at Law | Terminus 200 | 3333 Piedmont Road, NE | Suite 2500 | Atlanta, Georgia 30305
Tel 678.553.2100 | Fax 678.553.2212 | www.gtlaw.com
Case 22-10951-CTG Doc 494-2 Filed 01/30/23 Page 4 of 15
Invoice No. : 1000206728
File No. : 210757.010100
Account Statement
Date Invoice # Fees Due Expenses Due Other Due Total Due
11/07/22 1000134782 16,920.80 0.00 0.00 16,920.80
12/29/22 1000183408 7,733.30 0.00 0.00 7,733.30
Totals: $ 24,654.10 $ 0.00 $ 0.00 $ 24,654.10
DVK:SC
Tax ID: 13‐3613083
Greenberg Traurig, LLP | Attorneys at Law | Terminus 200 | 3333 Piedmont Road, NE | Suite 2500 | Atlanta, Georgia 30305
Tel 678.553.2100 | Fax 678.553.2212 | www.gtlaw.com
Case 22-10951-CTG Doc 494-2 Filed 01/30/23 Page 5 of 15
Invoice No.: 1000206728 Page 1
Matter No.: 210757.010100
Description of Professional Services Rendered:
TASK CODE: KS003 EMPLOYMENT AND FEE APPLICATIONS
DATE TIMEKEEPER DESCRIPTION HOURS AMOUNT
12/02/22 Sandy Bratton Confer with D. Kurzweil and M. Petrie 0.20 87.00
regarding fee applications filed for
numerous professionals
12/02/22 Matthew A. Petrie Attention to filing of first monthly fee 0.30 261.00
application
12/22/22 Sandy Bratton Emails with Weil and M. Petrie regarding 0.20 87.00
status of pending fee applications
12/27/22 Sandy Bratton Work on second monthly fee application 0.60 261.00
for Greenberg Traurig; confer with M.
Petrie regarding same
12/27/22 David B. Kurzweil Work on monthly fee application 0.30 462.00
12/27/22 Matthew A. Petrie Prepare and revise November fee 0.70 609.00
application
12/28/22 Sandy Bratton Work on second monthly fee application 0.30 130.50
for Greenberg Traurig; confer with M.
Petrie regarding same
12/29/22 Sandy Bratton Continued work on second monthly fee 0.50 217.50
application for Greenberg Traurig; confer
with M. Petrie regarding same
12/29/22 Dennis A. Meloro Review and comment on GT second 0.20 251.00
monthly fee application
12/29/22 Matthew A. Petrie Finalize November fee application 0.40 348.00
Total Hours: 3.70
Total Amount: $ 2,714.00
TIMEKEEPER SUMMARY FOR TASK CODE KS003,
EMPLOYMENT AND FEE APPLICATIONS
Timekeeper Name Hours Billed Rate Total $ Amount
David B. Kurzweil 0.30 1,540.00 462.00
Dennis A. Meloro 0.20 1,255.00 251.00
Matthew A. Petrie 1.40 870.00 1,218.00
Sandy Bratton 1.80 435.00 783.00
Totals: 3.70 733.51 $ 2,714.00
Case 22-10951-CTG Doc 494-2 Filed 01/30/23 Page 6 of 15
Invoice No.: 1000206728 Page 2
Matter No.: 210757.010100
Description of Professional Services Rendered
TASK CODE: KS005 BOARD GOVERNANCE
DATE TIMEKEEPER DESCRIPTION HOURS AMOUNT
12/01/22 Sandy Bratton Participate in telephone conference with 0.60 261.00
Board of Directors, company executives,
Weil Gotshal and AlixPartner teams, and
D. Kurzweil regarding case update and
situation overview prepared by Weil
Gotshal
12/01/22 Sandy Bratton Participate in telephone conference with 0.40 174.00
members of Board of Directors, D.
Kurzweil and M. Petrie regarding status of
open issues and strategy for further
handling
12/01/22 David B. Kurzweil Review of documents (.3); preparation for 1.80 2,772.00
and participate in pre-meeting and board of
director meeting (1.5)
12/02/22 Sandy Bratton Review docket and recently filed pleadings 0.20 87.00
and update case records
12/02/22 David B. Kurzweil Review of emails regarding status (.2); 0.40 616.00
review of updated budget (.2)
12/05/22 David B. Kurzweil Review of emails regarding open matters 0.60 924.00
and status; review of board minutes
12/06/22 Sandy Bratton Review emails from C. Arthur of Weil 0.20 87.00
Gotshal regarding proposed declarations in
support of motion to enforce CUBI
Settlement
12/06/22 David B. Kurzweil Review of documents, emails, and CUBI 0.70 1,078.00
issues for board
12/06/22 Matthew A. Petrie Review declarations in support of debtors' 1.00 870.00
motion to enforce settlement and review
settlement agreement
12/07/22 Sandy Bratton Review email and proposed pleadings to 0.70 304.50
enforce CUBI Settlement received from C.
Arthur of Weil Gotshal; emails regarding
same
12/07/22 Sandy Bratton Review docket and recently filed pleadings 0.30 130.50
and update case records
12/07/22 Tony W. Clark Review CB settlement compliance motion 0.50 782.50
12/07/22 David B. Kurzweil Review of CUBI pleadings, emails and 0.50 770.00
documents for board
12/07/22 Matthew A. Petrie Review debtors' motion to enforce 1.20 1,044.00
settlement and documents in support of
same (.5); review CUBI motion to compel
regarding settlement (.7)
12/08/22 Sandy Bratton Review docket and recently filed pleadings 1.30 565.50
and update case records (.7); update case
calendar and Calendar of Events Summary
(.6)
12/08/22 Sandy Bratton Review Board Update prepared by Weil 0.20 87.00
Case 22-10951-CTG Doc 494-2 Filed 01/30/23 Page 7 of 15
Invoice No.: 1000206728 Page 3
Matter No.: 210757.010100
Description of Professional Services Rendered
Gotshal regarding CUBI Settlement and
case updates
12/08/22 Brian E. Greer Review board update 0.50 562.50
12/08/22 David B. Kurzweil Review of emails regarding status (.2); 1.40 2,156.00
conference with Weil regarding plan and
board meeting (.5); conference with board
members (.3); review of pleadings (.4)
12/09/22 Tony W. Clark Review debtor's motion to compel 0.60 939.00
compliance with CB settlement agreement
12/09/22 David B. Kurzweil Review of board materials 0.40 616.00
12/12/22 Sandy Bratton Review proposed Board Minutes in 0.30 130.50
preparation for Board of Directors' meeting
scheduled for December 15, 2022 (.2);
confer with D. Kurzweil and M. Petrie
regarding same (.1)
12/13/22 David B. Kurzweil Review of board materials 0.30 462.00
12/13/22 Matthew A. Petrie Review drafts of minutes 0.70 609.00
12/14/22 Sandy Bratton Review presentation deck received from 0.30 130.50
Weil Gotshal and prepare for Board
Meeting
12/14/22 David B. Kurzweil Review of board materials and preparation 1.30 2,002.00
for board meeting
12/14/22 Matthew A. Petrie Review and analyze memorandum and 1.20 1,044.00
board presentation regarding potential
claims
12/15/22 Sandy Bratton Prepare for and participate in conference 0.60 261.00
call with Board of Directors, D. Kurzweil
and M. Petrie regarding open issues,
proposed bankruptcy plan options and
Board strategy
12/15/22 Sandy Bratton Prepare for and participate in telephonic 1.40 609.00
Board meeting with Weil Gotshal and Alix
Partners teams, D. Kurzweil and M. Petrie
regarding proposed Plan options and open
issues and corporate strategy
12/15/22 Brian E. Greer Review board materials; emails regarding 0.70 787.50
546(e) defenses
12/15/22 David B. Kurzweil Conference with board members 0.40 616.00
12/15/22 David B. Kurzweil Preparation for and participate in pre-board 2.00 3,080.00
meeting (.7); participate in board meeting
(.8); review of board materials (.5)
12/15/22 Matthew A. Petrie Review interim report regarding evaluation 4.70 4,089.00
of potential claims (2.0); review
presentation materials for board meeting
(.6); attend conference call with board (.5);
attend virtual board meeting with company
counsel (1.6)
12/16/22 David B. Kurzweil Review of department of justice status and 0.30 462.00
term sheet for board
12/18/22 Sandy Bratton Review Schedules and Statements of 0.60 261.00
Financial Affairs to determine if Board
Member Indemnification Agreements were
listed (.3); prepare email to Weil regarding
Case 22-10951-CTG Doc 494-2 Filed 01/30/23 Page 8 of 15
Invoice No.: 1000206728 Page 4
Matter No.: 210757.010100
Description of Professional Services Rendered
same (.2); confer with D. Kurzweil
regarding same (.1)
12/18/22 David B. Kurzweil Preparation for and conference with board 1.30 2,002.00
members (.8); review of emails, chapter 11
plan, and case status for board (.5)
12/18/22 Matthew A. Petrie Call with D. Kurzweil regarding status and 1.20 1,044.00
review of issues (.5); conference with
board members regarding case status and
strategies (.7)
12/19/22 Sandy Bratton Review emails from Weil regarding status 0.20 87.00
of outstanding issues
12/19/22 Brian E. Greer Review board materials 0.40 450.00
12/20/22 Sandy Bratton Participate in conference call with Weil 0.60 261.00
team, D. Kurzweil and M. Petrie regarding
case status and further handling
12/20/22 Sandy Bratton Review docket and recently filed pleadings 0.60 261.00
and orders and update case records (.3);
update case calendar and Calendar of
Events Summary (.3)
12/20/22 Sandy Bratton Emails with D. Kurzweil, M. Petrie and 0.30 130.50
Board Members regarding affiliations with
equity holders
12/20/22 David B. Kurzweil Conference with Weil regarding status and 0.60 924.00
further handling
12/20/22 David B. Kurzweil Review of pleadings on behalf of Board 0.40 616.00
12/20/22 Matthew A. Petrie Attention to drafts of board minutes 0.30 261.00
12/21/22 Sandy Bratton Participate in conference call with C. 0.70 304.50
Arthur and members of Weil Gotshal team,
D. Kurzweil and M. Petrie regarding
outstanding case issues, including
treatment of issues relating to Directors'
Indemnification Agreements and loan
servicing issues (.6); confer with D.
Kurzweil and M. Petrie regarding same (.1)
12/21/22 Sandy Bratton Participate in continuation of conference 1.20 522.00
call with C. Arthur and members of Weil
Gotshal team, D. Kurzweil and M. Petrie
regarding outstanding case issues,
including loan servicing, Plan and
Disclosure Statement issues (1.1); confer
with D. Kurzweil and M. Petrie regarding
same (.1)
12/21/22 Sandy Bratton Review docket and recently filed pleadings 0.40 174.00
and update case records (.3); update case
calendar and Calendar of Events Summary
(.1)
12/21/22 Sandy Bratton Prepare email to client regarding update of 0.90 391.50
numerous issues as a result of call with
Weil team
12/21/22 David B. Kurzweil Preparation for and participate in 1.50 2,310.00
conference with Weil regarding status
12/21/22 David B. Kurzweil Review of Board materials 0.30 462.00
12/21/22 David B. Kurzweil Review of pleadings (.2); email to Board 0.50 770.00
Case 22-10951-CTG Doc 494-2 Filed 01/30/23 Page 9 of 15
Invoice No.: 1000206728 Page 5
Matter No.: 210757.010100
Description of Professional Services Rendered
regarding status (.3)
12/21/22 Matthew A. Petrie Review CUBI response to motion to 0.60 522.00
enforce settlement
12/22/22 Sandy Bratton Review emails from Board Members 0.20 87.00
regarding Indemnification Memorandum
12/23/22 Sandy Bratton Review emails from R. Gregg and M. 0.20 87.00
Petrie regarding affiliations with equity
holders
12/23/22 Sandy Bratton Review email from Weil regarding status 0.30 130.50
of outstanding issues relating to CUBI
settlement, case updates and meeting
minutes
12/27/22 Sandy Bratton Review emails from R. Gregg and M. 0.10 43.50
Petrie regarding affiliations with equity
holders
12/27/22 Sandy Bratton Review Board Presentation materials 0.50 217.50
received from Weil in preparation for next
Board meeting
12/27/22 David B. Kurzweil Review of Board materials in preparation 1.30 2,002.00
for Board meeting
12/27/22 David B. Kurzweil Review and comment on Board disclosures 0.20 308.00
12/27/22 Matthew A. Petrie Review and analyze board presentation 1.10 957.00
materials in preparation for board meeting
12/28/22 Sandy Bratton Prepare for and participate in telephonic 2.20 957.00
Board meeting with Weil Gotshal and Alix
Partners teams, D. Kurzweil and M. Petrie
regarding proposed Plan options,
Disclosure Statement, open issues and
corporate strategy
12/28/22 David B. Kurzweil Review of Board materials (1.1); 4.00 6,160.00
conference with Board members (.4);
preparation for and attend Board meeting
(2.3); conference with Weil (.2)
12/28/22 Matthew A. Petrie Attention to approval of minutes of prior 3.80 3,306.00
meetings and related issues (.8);
correspondence with D. Kurzweil
regarding preparation for board meeting
(.7); attend board meeting (2.1); follow up
conference with board regarding status and
open issues (.2)
12/29/22 Sandy Bratton Review docket and recently filed pleadings 0.70 304.50
and update case records (.4); update case
calendar and Calendar of Events Summary
(.3)
Total Hours: 54.90
Total Amount: $ 55,422.50
Case 22-10951-CTG Doc 494-2 Filed 01/30/23 Page 10 of 15
Invoice No.: 1000206728 Page 6
Matter No.: 210757.010100
Description of Professional Services Rendered
TIMEKEEPER SUMMARY FOR TASK CODE KS005,
BOARD GOVERNANCE
Timekeeper Name Hours Billed Rate Total $ Amount
Brian E. Greer 1.60 1,125.00 1,800.00
David B. Kurzweil 20.20 1,540.00 31,108.00
Matthew A. Petrie 15.80 870.00 13,746.00
Tony W. Clark 1.10 1,565.00 1,721.50
Sandy Bratton 16.20 435.00 7,047.00
Totals: 54.90 1,009.52 $ 55,422.50
Case 22-10951-CTG Doc 494-2 Filed 01/30/23 Page 11 of 15
Invoice No.: 1000206728 Page 7
Matter No.: 210757.010100
Description of Professional Services Rendered
TASK CODE: KS006 PLAN AND DISCLOSURE STATEMENT
DATE TIMEKEEPER DESCRIPTION HOURS AMOUNT
12/08/22 Sandy Bratton Review emails from Weil Gotshal 0.70 304.50
regarding proposed revisions to Plan and
Disclosure Statement and case strategy (.2);
participate in conference call with Weil
Gotshal team and D. Kurzweil regarding
same (.5)
12/08/22 David B. Kurzweil Review of chapter 11 plan and disclosure 0.50 770.00
statement
12/08/22 Matthew A. Petrie Review revised plan and solicitation 1.80 1,566.00
procedures (1.3); conference with Weil
regarding same (.5)
12/09/22 Sandy Bratton Review email from Debtors' counsel 0.30 130.50
regarding materials to be presented to the
Board for amended Plan and Disclosure
Statement
12/09/22 David B. Kurzweil Review of revised disclosure statement 0.80 1,232.00
12/09/22 Matthew A. Petrie Analyze issues with respect to revised plan 1.00 870.00
structure and solicitation procedures
12/12/22 Matthew A. Petrie Review board presentation regarding 0.90 783.00
amended plan structure and status updates
12/13/22 Matthew A. Petrie Correspondence with D. Kurzweil 0.50 435.00
regarding board presentation materials and
revised plan
12/19/22 David B. Kurzweil Review of update of Board information 1.40 2,156.00
(.2); review of Plan provisions on behalf of
Board (.9); review of update of Department
of Justice term sheet and status (.3)
12/19/22 Matthew A. Petrie Review and analyze revised plan, 5.00 4,350.00
disclosure statement, and solicitation
procedures regarding board requests
12/20/22 Eric J. Howe Review and analyze draft plan (.6); revise 1.50 1,575.00
same (.9)
12/20/22 Matthew A. Petrie Correspondence with directors regarding 2.20 1,914.00
disclosure statement matters (.4); analyze
and comment on draft plan and disclosure
statement (1.8)
12/21/22 Sandy Bratton Emails from D. Kurzweil and Weil team 0.30 130.50
regarding Plan revisions and comments
12/21/22 David B. Kurzweil Review and comment on Plan provisions 1.60 2,464.00
12/21/22 Matthew A. Petrie Conference with Weil team regarding 3.20 2,784.00
status update and open issues (1.7); review
transition services agreement (.5);
comment on plan and disclosure statement
(1.0)
12/22/22 Eric J. Howe Review and analyze revised plan 0.60 630.00
12/22/22 David B. Kurzweil Review and comment on Chapter 11 Plan 0.80 1,232.00
12/22/22 David B. Kurzweil Conference with Board Members (.9); 1.70 2,618.00
Case 22-10951-CTG Doc 494-2 Filed 01/30/23 Page 12 of 15
Invoice No.: 1000206728 Page 8
Matter No.: 210757.010100
Description of Professional Services Rendered
review of emails (.1); review of
Department of Justice term sheet (.3);
review of additional Plan comments (.4)
12/22/22 David B. Kurzweil Review loan analysis and wind down 0.40 616.00
budget
12/22/22 Matthew A. Petrie Review revised draft of plan 1.50 1,305.00
12/23/22 Sandy Bratton Emails from Weil team and D. Kurzweil 0.20 87.00
regarding comments to revised Plan
12/23/22 David B. Kurzweil Review and comment on Plan and 1.80 2,772.00
Disclosure Statement; emails regarding
Plan and Disclosure Statement
12/23/22 Matthew A. Petrie Review revised draft of plan and disclosure 1.50 1,305.00
statement regarding corporate governance
matter and correspondence with D.
Kurzweil and E. Howe regarding same
12/27/22 David B. Kurzweil Review and comment on revised Chapter 1.10 1,694.00
11 Plan and Disclosure Statement
12/27/22 Matthew A. Petrie Review and analyze revised solicitation 1.20 1,044.00
procedures order (.5); attention to
disclosure statement and related requests
by the company to the board (.7)
12/29/22 David B. Kurzweil Review and comment on Plan and 0.60 924.00
Disclosure Statement
12/29/22 Matthew A. Petrie Analyze Federal Reserve comments to plan 1.00 870.00
documents
12/30/22 David B. Kurzweil Review of revisions to Plan and Disclosure 0.90 1,386.00
Statement
12/30/22 Matthew A. Petrie Review and analyze further revised plan 2.00 1,740.00
documents (1.5); review CRB issues
outline (.5)
12/31/22 David B. Kurzweil Review of Plan and Disclosure Statement 1.30 2,002.00
amendments (.5); review of issues for loan
cost analysis (.3); emails to Board (.2);
conference with Weil (.3)
Total Hours: 38.30
Total Amount: $ 41,689.50
Case 22-10951-CTG Doc 494-2 Filed 01/30/23 Page 13 of 15
Invoice No.: 1000206728 Page 9
Matter No.: 210757.010100
Description of Professional Services Rendered
TIMEKEEPER SUMMARY FOR TASK CODE KS006,
PLAN AND DISCLOSURE STATEMENT
Timekeeper Name Hours Billed Rate Total $ Amount
Eric J. Howe 2.10 1,050.00 2,205.00
David B. Kurzweil 12.90 1,540.00 19,866.00
Matthew A. Petrie 21.80 870.00 18,966.00
Sandy Bratton 1.50 435.00 652.50
Totals: 38.30 1,088.50 $ 41,689.50
Case 22-10951-CTG Doc 494-2 Filed 01/30/23 Page 14 of 15
Invoice No.: 1000206728 Page 10
Matter No.: 210757.010100
Description of Professional Services Rendered
TIMEKEEPER ACTIVITY GRAND TOTAL SUMMARY
Timekeeper Name Hours Billed Rate Total $ Amount
Brian E. Greer 1.60 1,125.00 1,800.00
Eric J. Howe 2.10 1,050.00 2,205.00
David B. Kurzweil 33.40 1,540.00 51,436.00
Dennis A. Meloro 0.20 1,255.00 251.00
Matthew A. Petrie 39.00 870.00 33,930.00
Tony W. Clark 1.10 1,565.00 1,721.50
Sandy Bratton 19.50 435.00 8,482.50
Totals: 96.90 1,030.20 $ 99,826.00
Case 22-10951-CTG Doc 494-2 Filed 01/30/23 Page 15 of 15
Invoice No.: 1000206728 Page 11
Re: Representing Board of Directors
Matter No.: 210757.010100
Description of Expenses Billed:
DATE DESCRIPTION AMOUNT
No expenses charged to this file
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