Exhibit - Kservicing Bankruptcy (2023-03-03)
- Date
- 2023-03-03
Summary
Exhibit A, a detailed description of services, filed March 3, 2023 as Doc 603-2 in Case 22-10951-CTG. The exhibit reproduces Greenberg Traurig, LLP invoice No. 1000236678, File No. 210757.010100, bill date February 23, 2023, addressed to Kabbage, Inc. for legal services through January 31, 2023 in representing the board of directors. Fees are broken out by task code: $3,642.50 for employment and fee applications, $29,077.50 for board governance, $32,292.00 for plan and disclosure statement work and $6,905.50 for court hearings, giving total fees of $71,917.50. With a previous balance of $44,619.30, the invoice states a total amount due of $116,536.80. The time detail lists 73.70 hours at a blended rate of $975.81 and records that no expenses were charged to the file.
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 603-2 Filed 03/03/23 Page 1 of 14
Exhibit A
Detailed Description of Services
Case 22-10951-CTG Doc 603-2 Filed 03/03/23 Page 2 of 14
Invoice No. : 1000236678
File No. : 210757.010100
Bill Date : February 23, 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 January 31, 2023:
Employment and Fee Applications: $ 3,642.50
Board Governance: $ 29,077.50
Plan and Disclosure Statement: $ 32,292.00
Court Hearings: $ 6,905.50
Total Fees: $ 71,917.50
Current Invoice: $ 71,917.50
Previous Balance (see attached statement): $ 44,619.30
Total Amount Due: $ 116,536.80
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 603-2 Filed 03/03/23 Page 3 of 14
Invoice No. : 1000236678
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: 1000236678*
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 603-2 Filed 03/03/23 Page 4 of 14
Invoice No. : 1000236678
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
01/27/23 1000206728 19,965.20 0.00 0.00 19,965.20
Totals: $ 44,619.30 $ 0.00 $ 0.00 $ 44,619.30
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 603-2 Filed 03/03/23 Page 5 of 14
Invoice No.: 1000236678 Page 1
Matter No.: 210757.010100
Description of Professional Services Rendered:
TASK CODE: KS003 EMPLOYMENT AND FEE APPLICATIONS
DATE TIMEKEEPER DESCRIPTION HOURS AMOUNT
01/05/23 Sandy Bratton Attention to fee application issues (.2); 0.30 130.50
confer with D. Kurzweil regarding same
(.1)
01/19/23 Sandy Bratton Work on third monthly fee application 0.80 348.00
01/26/23 Sandy Bratton Work on third monthly fee application; 0.70 304.50
confer with M. Petrie and D. Kurzweil
regarding same
01/27/23 Sandy Bratton Work on third monthly fee application; 2.40 1,044.00
confer with M. Petrie and D. Meloro
regarding same
01/27/23 David B. Kurzweil Review and comment on fee application 0.20 308.00
01/27/23 Matthew A. Petrie Attention to December fee application 0.50 435.00
01/28/23 Dennis A. Meloro Review and comment on GT third monthly 0.30 376.50
fee application
01/30/23 Matthew A. Petrie Revise December fee application 0.80 696.00
Total Hours: 6.00
Total Amount: $ 3,642.50
TIMEKEEPER SUMMARY FOR TASK CODE KS003,
EMPLOYMENT AND FEE APPLICATIONS
Timekeeper Name Hours Billed Rate Total $ Amount
David B. Kurzweil 0.20 1,540.00 308.00
Dennis A. Meloro 0.30 1,255.00 376.50
Matthew A. Petrie 1.30 870.00 1,131.00
Sandy Bratton 4.20 435.00 1,827.00
Totals: 6.00 607.08 $ 3,642.50
Case 22-10951-CTG Doc 603-2 Filed 03/03/23 Page 6 of 14
Invoice No.: 1000236678 Page 2
Matter No.: 210757.010100
Description of Professional Services Rendered
TASK CODE: KS005 BOARD GOVERNANCE
DATE TIMEKEEPER DESCRIPTION HOURS AMOUNT
01/02/23 Sandy Bratton Review email received from Weil team 0.20 87.00
regarding CUBI Motions, issues and action
steps
01/03/23 Sandy Bratton Review minutes of previous meetings to be 0.30 130.50
approved by Board of Directors; confer
with M. Petrie regarding same
01/03/23 Sandy Bratton Review status of CUBI negotiations and 0.20 87.00
prepare for hearing on Motion to Compel
Compliance with Settlement Agreement;
confer with M. Petrie regarding same
01/03/23 Nathan P. Emeritz Analyze and confer regarding board 0.50 450.00
minutes and related Delaware law issues
01/03/23 Connor Q. Lynch Review correspondence regarding board 0.30 184.50
minute approval; conference with N.
Emeritz regarding same
01/03/23 Matthew A. Petrie Analyze corporate governance issues 0.90 783.00
regarding required approvals and
correspondence with N. Emeritz and C.
Lynch regarding same (.6); correspondence
with company counsel regarding board
approvals (.3)
01/04/23 Sandy Bratton Review multiple monthly fee applications, 1.50 652.50
Amended Chapter 11 Plan and Disclosure
Statement, Notices, Orders, Agenda and
other pleadings and update case records
(.8); update case calendar and Calendar of
Events regarding same (.7)
01/04/23 Sandy Bratton Review Cost-Per-Loan Analysis received 0.40 174.00
from Weil team; prepare for call with Weil
regarding same
01/04/23 David B. Kurzweil Provide budget update to Alix Partners (.1); 1.00 1,540.00
review of company information (.2);
review of scheduled hearing dates and
issues for plan confirmation (.2); review of
update of Alix Partners information for
board meeting (.5)
01/05/23 Sandy Bratton Participate in Board call with Weil and 1.30 565.50
AlixPartners, D. Kurzweil and M. Petrie
regarding cost-per-loan analysis review
(1.1); attention to Board meeting
scheduling (.2)
01/05/23 Sandy Bratton Review docket and recently filed pleadings 0.50 217.50
and update case records (.3); update case
calendar and Calendar of Events Summary
(.2)
01/06/23 Sandy Bratton Review emails regarding Federal Reserve 0.20 87.00
comments to Plan; confer with D. Kurzweil
Case 22-10951-CTG Doc 603-2 Filed 03/03/23 Page 7 of 14
Invoice No.: 1000236678 Page 3
Matter No.: 210757.010100
Description of Professional Services Rendered
regarding same
01/09/23 Sandy Bratton Review email from Weil regarding 1.30 565.50
milestone markers, material events and
pending issues and emails with numerous
Board members and teams regarding same
(.3); participate in conference call with
Board of Directors regarding status of
pending issues (1.0)
01/09/23 David B. Kurzweil Preparation for and conference with board 1.20 1,848.00
regarding status and further handling
01/09/23 Matthew A. Petrie Review presentation materials in 1.20 1,044.00
preparation for board meeting (.3); attend
board meeting with company and counsel
regarding status of pending matters (.9)
01/10/23 Sandy Bratton Review docket and recently filed orders 0.10 43.50
and update case records
01/11/23 Sandy Bratton Review of objections to Disclosure 0.50 217.50
Statement and email from Weil regarding
same (.3); review of amended Chapter 11
Plan and email from Weil regarding same
(.2)
01/12/23 Sandy Bratton Review CRB objection to Disclosure 0.50 217.50
Statement and email from Weil with
comments regarding same (.3); review
further amended Chapter 11 Plan and email
from Weil regarding same (.2)
01/13/23 Sandy Bratton Review multiple pleadings and update case 0.50 217.50
records (.3); update case calendar and
Calendar of Events regarding same (.2)
01/13/23 David B. Kurzweil Review of emails regarding status 0.30 462.00
01/14/23 David B. Kurzweil Preparation for and conference with Weil 1.10 1,694.00
regarding board issues (.6); review of
materials for board meeting (.5)
01/14/23 Matthew A. Petrie Review board presentation materials 1.30 1,131.00
prepared by company (.9); attention to
approval of minutes (.4)
01/15/23 Sandy Bratton Participate in conference call with Board of 1.10 478.50
Directors regarding status of pending issues
01/15/23 David B. Kurzweil Review of board minutes (.3); preparation 2.30 3,542.00
for and attend board meeting (1.4);
conference with board members (.3);
emails regarding board meeting (.3)
01/15/23 Matthew A. Petrie Conference with board and company 0.90 783.00
counsel regarding revised plan and
disclosure statement
01/17/23 Sandy Bratton Review multiple certificates, notices, 0.60 261.00
orders and motions and update case records
(.3); update case calendar and Summary of
Calendar of Events (.3)
01/17/23 David B. Kurzweil Conference with company counsel 0.50 770.00
regarding status and further handling of
legal research
01/18/23 Sandy Bratton Assist with preparation for hearing 0.70 304.50
Case 22-10951-CTG Doc 603-2 Filed 03/03/23 Page 8 of 14
Invoice No.: 1000236678 Page 4
Matter No.: 210757.010100
Description of Professional Services Rendered
01/18/23 Sandy Bratton Review multiple pleading and orders and 0.50 217.50
update case records (.3); update case
calendar and Summary of Calendar of
Events (.2)
01/18/23 Matthew A. Petrie Review drafts of board minutes from prior 0.50 435.00
meetings
01/20/23 David B. Kurzweil Review of board meeting minutes (.3); 0.50 770.00
review of emails from Weil (.2)
01/23/23 Sandy Bratton Review "Weekly Look Ahead" report 0.20 87.00
received from Weil (.1); review updated
Cost-Per-Loan Analysis received from
Weil (.1)
01/24/23 Sandy Bratton Review pleadings and update case records 0.10 43.50
01/24/23 Matthew A. Petrie Attention to approval of minutes 0.70 609.00
01/25/23 Sandy Bratton Attention to Cost-Per-Loan Analysis 0.40 174.00
received from Weil team (.2); attention to
Board meeting minute drafts prepared by
Weil (.1); confer with D. Kurzweil and M.
Petrie regarding same (.1)
01/25/23 David B. Kurzweil Review of board minutes 0.30 462.00
01/25/23 Matthew A. Petrie Attention to approval of board minutes 0.40 348.00
01/26/23 Sandy Bratton Review multiple pleadings including 0.40 174.00
amended Plan and Disclosure Statement
and update case records
01/26/23 Sandy Bratton Participate in Board call D. Kurzweil and 1.30 565.50
M. Petrie (.5); participate in Board call
with Weil and AlixPartners, D. Kurzweil
and M. Petrie regarding cost-per-loan
analysis review, stakeholder and loan
servicing issues and strategy (.8)
01/26/23 David B. Kurzweil Conference with board members (.5); 1.90 2,926.00
preparation for and participate in board
meeting (1.0); review of board materials
(.4)
01/26/23 Matthew A. Petrie Attend pre-conference with board 1.30 1,131.00
regarding status and open issues (.5); attend
meeting of board with company counsel
(.8)
01/27/23 Sandy Bratton Continued review multiple pleadings 1.20 522.00
including amended Plan and Disclosure
Statement, Certificate of Counsel, Orders,
Hearing Notice, and Monthly Operating
Reports and update case records (.7);
update case calendar and Calendar of
Events regarding same (.5)
01/27/23 David B. Kurzweil Review of case calendar regarding hearings 0.50 770.00
for confirmation (.2); review of Voya
representative issues and board resolution
(.3)
01/30/23 Matthew A. Petrie Attention to unanimous written consent 1.50 1,305.00
regarding 401(k) plan administration (.3);
review board update of material
restructuring matters and status of same
Case 22-10951-CTG Doc 603-2 Filed 03/03/23 Page 9 of 14
Invoice No.: 1000236678 Page 5
Matter No.: 210757.010100
Description of Professional Services Rendered
(.7); review draft minutes of board
meetings (.5)
Total Hours: 33.10
Total Amount: $ 29,077.50
TIMEKEEPER SUMMARY FOR TASK CODE KS005,
BOARD GOVERNANCE
Timekeeper Name Hours Billed Rate Total $ Amount
Nathan P. Emeritz 0.50 900.00 450.00
David B. Kurzweil 9.60 1,540.00 14,784.00
Connor Q. Lynch 0.30 615.00 184.50
Matthew A. Petrie 8.70 870.00 7,569.00
Sandy Bratton 14.00 435.00 6,090.00
Totals: 33.10 878.47 $ 29,077.50
Case 22-10951-CTG Doc 603-2 Filed 03/03/23 Page 10 of 14
Invoice No.: 1000236678 Page 6
Matter No.: 210757.010100
Description of Professional Services Rendered
TASK CODE: KS006 PLAN AND DISCLOSURE STATEMENT
DATE TIMEKEEPER DESCRIPTION HOURS AMOUNT
01/02/23 David B. Kurzweil Review of issues and status of portfolio 3.00 4,620.00
loan analysis (.7); review of emails
regarding status (.3); review and comment
on board minutes (.3); review of plan
comments from CRB (.4); review of
revisions to plan and disclosure statement
(.9); review and comment on CUBI (.4)
01/03/23 David B. Kurzweil Review of CUBI issues (.3); review of 1.60 2,464.00
company documents for board (.5); review
and comment on chapter 11 plan (.8)
01/03/23 Matthew A. Petrie Attention to requests for additional 2.20 1,914.00
information regarding disclosure statement
and review corporate records regarding
same (1.5); correspondence regarding
analysis of revisions to plan (.7)
01/05/23 David B. Kurzweil Review and comment on chapter 11 plan 1.50 2,310.00
(.8); review of emails and bankruptcy
pleadings from Weil (.4); conference with
directors (.3)
01/05/23 Matthew A. Petrie Review and analyze post-emergence 3.40 2,958.00
analysis (.4); attend board call regarding
same (1.0); review and analyze Federal
Reserve comments to plan and disclosure
statement (1.5); attention to inquiries of
board members regarding additional
disclosures (.5)
01/06/23 David B. Kurzweil Review of documents and email to board 1.10 1,694.00
regarding plan and reorganization and
status (.5); review of update from Weil
regarding status (.3); review of emails
regarding open case issues (.3)
01/06/23 Matthew A. Petrie Attention to Reserve Bank comments to 3.20 2,784.00
plan and disclosure statement and
correspondence with D. Kurzweil
regarding analysis of same (1.8); review
nondischargeability stipulations (.2);
review additional plan comments from
shareholder interests regarding plan
releases (.5); attention to director
disclosures (.7)
01/09/23 Matthew A. Petrie Attention to director disclosures 0.60 522.00
01/10/23 David B. Kurzweil Review of federal reserve comments to 0.40 616.00
plan of reorganization
01/10/23 Matthew A. Petrie Review and analyze additional comments 1.00 870.00
to plan and disclosure statement by the
Reserve Bank
01/11/23 David B. Kurzweil Review of objections to disclosure 0.30 462.00
Case 22-10951-CTG Doc 603-2 Filed 03/03/23 Page 11 of 14
Invoice No.: 1000236678 Page 7
Matter No.: 210757.010100
Description of Professional Services Rendered
statement
01/11/23 Matthew A. Petrie Correspondence regarding review and 0.60 522.00
analysis of objections to disclosure
statement
01/12/23 David B. Kurzweil Review of disclosure statement objections 0.60 924.00
and emails to board regarding same
01/12/23 Matthew A. Petrie Analyze further revised plan (1.0); 2.70 2,349.00
correspondence with D. Kurzweil
regarding status and analysis of open issues
(.4); analyze objection to disclosure
statement filed by Cross River Bank and
correspondence with D. Kurzweil
regarding same (1.3)
01/14/23 Matthew A. Petrie Conference with Weil regarding revised 0.40 348.00
plan and disclosure statement
01/15/23 Matthew A. Petrie Review revised plan circulated by Weil 0.60 522.00
team in preparation for board meeting
01/16/23 David B. Kurzweil Review and comment on chapter 11 plan 0.50 770.00
01/17/23 Matthew A. Petrie Review and analyze additional comments 1.40 1,218.00
to plan and disclosure statement from the
Reserve Bank (.8); conference with
company regarding disclosure matters (.6)
01/18/23 David B. Kurzweil Review of objections to disclosure 0.70 1,078.00
statement and issues for hearing (.4);
review of board minutes (.3)
01/18/23 Matthew A. Petrie Review revised plan and disclosure 0.80 696.00
statement as filed
01/19/23 Matthew A. Petrie Review further revised plan and disclosure 0.60 522.00
statement in preparation for disclosure
statement hearing
01/24/23 David B. Kurzweil Review of cost per loan analysis and issues 1.10 1,694.00
for plan confirmation
01/25/23 Matthew A. Petrie Review updated cost-per-loan analysis in 0.50 435.00
connection with plan and winddown
Total Hours: 28.80
Total Amount: $ 32,292.00
TIMEKEEPER SUMMARY FOR TASK CODE KS006,
PLAN AND DISCLOSURE STATEMENT
Timekeeper Name Hours Billed Rate Total $ Amount
David B. Kurzweil 10.80 1,540.00 16,632.00
Matthew A. Petrie 18.00 870.00 15,660.00
Totals: 28.80 1,121.25 $ 32,292.00
Case 22-10951-CTG Doc 603-2 Filed 03/03/23 Page 12 of 14
Invoice No.: 1000236678 Page 8
Matter No.: 210757.010100
Description of Professional Services Rendered
TASK CODE: KS007 COURT HEARINGS
DATE TIMEKEEPER DESCRIPTION HOURS AMOUNT
01/05/23 Sandy Bratton Review declarations, exhibits and witness 0.30 130.50
lists filed and preparation for hearing on
Motion to Compel
01/05/23 Matthew A. Petrie Review additional pleadings and analysis 1.20 1,044.00
regarding settlement with Customers Bank
01/06/23 Sandy Bratton Review hearing agenda and cancellation 0.20 87.00
and update case records
01/19/23 David B. Kurzweil Preparation for and attend hearing on 3.10 4,774.00
disclosure statement (2.3); review of
pleadings (.2); review of revisions to
disclosure statement and chapter 11 plan
(.6)
01/19/23 Matthew A. Petrie Attend hearing on approval of disclosure 1.00 870.00
statement
Total Hours: 5.80
Total Amount: $ 6,905.50
TIMEKEEPER SUMMARY FOR TASK CODE KS007,
COURT HEARINGS
Timekeeper Name Hours Billed Rate Total $ Amount
David B. Kurzweil 3.10 1,540.00 4,774.00
Matthew A. Petrie 2.20 870.00 1,914.00
Sandy Bratton 0.50 435.00 217.50
Totals: 5.80 1,190.60 $ 6,905.50
Case 22-10951-CTG Doc 603-2 Filed 03/03/23 Page 13 of 14
Invoice No.: 1000236678 Page 9
Matter No.: 210757.010100
Description of Professional Services Rendered
TIMEKEEPER ACTIVITY GRAND TOTAL SUMMARY
Timekeeper Name Hours Billed Rate Total $ Amount
Nathan P. Emeritz 0.50 900.00 450.00
David B. Kurzweil 23.70 1,540.00 36,498.00
Dennis A. Meloro 0.30 1,255.00 376.50
Connor Q. Lynch 0.30 615.00 184.50
Matthew A. Petrie 30.20 870.00 26,274.00
Sandy Bratton 18.70 435.00 8,134.50
Totals: 73.70 975.81 $ 71,917.50
Case 22-10951-CTG Doc 603-2 Filed 03/03/23 Page 14 of 14
Invoice No.: 1000236678 Page 10
Re: Representing Board of Directors
Matter No.: 210757.010100
Description of Expenses Billed:
DATE DESCRIPTION AMOUNT
No expenses charged to this file
File and source
- File
- gov.uscourts.deb.188293.603.2.pdf
- Size
- 522,217 bytes
- SHA-256
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- Original
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