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In re Kabbage (KServicing) — Notice of Jones Day Second Interim Fee Application

Date
2023-06-05

Summary

A notice of interim fee application and hearing filed May 15, 2023 as Doc 823-1 in the jointly administered Chapter 11 case In re Kabbage, Inc. d/b/a KServicing, et al., Case No. 22-10951 (CTG), in the U.S. Bankruptcy Court for the District of Delaware. It gives notice that Jones Day filed its Second Interim Application for compensation and expenses as special counsel to the debtors for January 1, 2023 through March 31, 2023. Objections must follow the Interim Compensation Order dated October 21, 2022 [Docket No. 136] and be filed by June 5, 2023. A hearing is set before Judge Craig T. Goldblatt on June 22, 2023, and the notice states the court may grant the application without a hearing if no timely objection is filed.

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Full text

                  Case 22-10951-CTG             Doc 823-1        Filed 05/15/23        Page 1 of 3




                               UNITED STATES BANKRUPTCY COURT
                                    DISTRICT OF DELAWARE

------------------------------------------------------------ x
In re                                                        :         Chapter 11
                                                             :
KABBAGE, INC. d/b/a KSERVICING, et al., :                              Case No. 22-10951 (CTG)
                                                             :
                                                             :         (Jointly Administered)
                             1
                  Debtors.                                   :
                                                             :         Obj. Deadline: June 5, 2023 at 4:00 p.m. (ET)
                                                             :         Hearing Date: June 22, 2023 at 10:00 a.m. (ET)
------------------------------------------------------------ x

                   NOTICE OF INTERIM FEE APPLICATION AND HEARING

                    PLEASE TAKE NOTICE that Jones Day (the “Applicant”) has today filed the

attached Second Interim Application of Jones Day for Allowance of Compensation for Services

Rendered and for Reimbursement of Expenses as Special Counsel to the Debtors for the Period

from January 1, 2023 through March 31, 2023 (the “Application”) with the United States

Bankruptcy Court for the District of Delaware (the “Court”).

                    PLEASE TAKE FURTHER NOTICE that objections, if any, to the Application

must be made in accordance with the Order Establishing Procedures for Interim Compensation

and Reimbursement of Expenses of Professionals, dated October 21, 2022 [Docket No. 136] (the

“Interim Compensation Order”) and must be filed with the Clerk of the Court by no later than

June 5, 2023 at 4:00 p.m. (prevailing Eastern Time) (the “Objection Deadline”) and served

upon and received by: (i) the Debtors, c/o Kabbage, Inc. d/b/a KServicing, 925B Peachtree Street

NE,       Suite     383,     Atlanta,     GA     30309      (Attn:     Holly     Loiseau,      General      Counsel

(hloiseau@kservicecorp.com)); (ii) counsel for the Debtors, (a) Weil, Gotshal & Manges LLP,
1
    The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification
    number, as applicable are: Kabbage, Inc. d/b/a KServicing (3937); Kabbage Canada Holdings, LLC (N/A);
    Kabbage Asset Securitization LLC (N/A); Kabbage Asset Funding 2017-A LLC (4803); Kabbage Asset Funding
    2019-A LLC (8973); and Kabbage Diameter, LLC (N/A). Kabbage is a trademark of American Express used
    under license; Kabbage, Inc. d/b/a KServicing is not affiliated with American Express. The Debtors’ mailing and
    service address is 925B Peachtree Street NE, Suite 383, Atlanta, GA 30309.


RLF1 29019804v.1
               Case 22-10951-CTG       Doc 823-1      Filed 05/15/23    Page 2 of 3




767 Fifth Avenue, New York, NY 10153 (Attn: Candace M. Arthur (candace.arthur@weil.com),

and Chase A. Bentley (chase.bentley@weil.com)) and (b) Richards, Layton & Finger, P.A., One

Rodney Square, 920 North King Street, Wilmington, DE 19801 (Attn: Daniel J. DeFranceschi

(defranceschi@rlf.com), Amanda R. Steele (steele@rlf.com), and Zachary I. Shapiro

(shapiro@rlf.com)); and (iii) the Office of the United States Trustee for the District of Delaware,

844 King Street, Suite 2207, Wilmington, DE 19801 (Attn: Richard L. Schepacarter

(richard.schepacarter@usdoj.gov) and Rosa Sierra-Fox (rosa.sierra-fox@usdoj.gov)).

                   PLEASE TAKE FURTHER NOTICE that, a hearing with respect to the

Application will be held before The Honorable Craig T. Goldblatt, United States Bankruptcy

Judge for the District of Delaware, at the Court, 824 North Market Street, 3rd Floor, Courtroom

7, Wilmington, Delaware 19801, on June 22, 2023 at 10:00 a.m. (prevailing Eastern Time).

                   PLEASE TAKE FURTHER NOTICE THAT IF NO TIMELY OBJECTIONS

ARE FILED TO THIS APPLICATION, THE COURT MAY ENTER AN ORDER GRANTING

THIS APPLICATION WITHOUT A HEARING.




                                                2
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               Case 22-10951-CTG   Doc 823-1    Filed 05/15/23   Page 3 of 3




Dated: May 15, 2023
       Wilmington, Delaware

                                   /s/ Matthew P. Milana
                                   RICHARDS, LAYTON & FINGER, P.A.
                                   Daniel J. DeFranceschi, Esq. (No. 2732)
                                   Amanda R. Steele, Esq. (No. 5530)
                                   Zachary I. Shapiro, Esq. (No. 5103)
                                   Matthew P. Milana, Esq. (No. 6681)
                                   Huiqi Liu, Esq. (No. 6850)
                                   One Rodney Square
                                   920 North King Street
                                   Wilmington, Delaware 19801
                                   Telephone: (302) 651-7700
                                   E-mail: defranceschi@rlf.com
                                           steele@rlf.com
                                           shapiro@rlf.com
                                           milana@rlf.com
                                           liu@rlf.com

                                   -and-

                                   WEIL, GOTSHAL & MANGES LLP
                                   Ray C. Schrock, Esq. (admitted pro hac vice)
                                   Candace M. Arthur, Esq. (admitted pro hac vice)
                                   Chase A. Bentley, Esq. (admitted pro hac vice)
                                   767 Fifth Avenue
                                   New York, New York 10153
                                   Telephone: (212) 310-8000
                                   E-mail:       ray.schrock@weil.com
                                                 candace.arthur@weil.com
                                                 chase.bentley@weil.com

                                   Attorneys for Debtors and Debtors in Possession




                                           3
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