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220bfbd1 1 — Doc. 735

Date
2024-07-30

Summary

Doc 735 in In re Vyaire Medical, Inc., et al., Case No. 24-11217 (BLS), in the U.S. Bankruptcy Court for the District of Delaware, filed November 13, 2024, is the third monthly fee application of Berkeley Research Group, LLC, financial advisor to the Official Committee of Unsecured Creditors. It seeks $270,357.20 (80% of $337,946.50) in compensation for September 1, 2024 through September 30, 2024 and $0.00 in expenses, with an objection deadline of Dec. 4, 2024. Attachments list prior applications, fees by professional totaling 434.5 hours at a blended rate of $777.78, and fees by task code, led by Litigation at 106.7 hours and Cash Flow/Cash Management/Liquidity at 103.1 hours. The application describes the work under each task code and closes with a verification by a BRG managing director under 28 U.S.C. § 1746.

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                  Case 24-11217-BLS            Doc 735       Filed 11/13/24         Page 1 of 17




                         IN THE UNITED STATES BANKRUPTCY COURT
                              FOR THE DISTRICT OF DELAWARE

    In re:                                                 Chapter 11

    VYAIRE MEDICAL, INC., et al., 1                        Case No. 24-11217 (BLS)

                       Debtors.                            (Jointly Administered)

                                                           Objection Deadline: Dec. 4, 2024 at 4:00 p.m. (ET)

    THIRD MONTHLY APPLICATION OF BERKELEY RESEARCH GROUP, LLC FOR
      COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF
        EXPENSES INCURRED AS FINANCIAL ADVISOR TO THE OFFICIAL
         COMMITTEE OF UNSECURED CREDITORS DURING THE PERIOD
            FROM SEPTEMBER 1, 2024 THROUGH SEPTEMBER 30, 2024

    Name of Applicant:                                  Berkeley Research Group LLC (“BRG”)

    Authorized to Provide Professional                  The Official Committee of Unsecured Creditors
    Services to:                                        (“the Committee”)

    Date of Retention:                                  July 30, 2024 effective as of June 28, 2024

    Period for which Compensation and                   September 1, 2024 through September 30, 2024
    reimbursement is sought:

    Amount of compensation sought as actual,            $270,357.20 (80% of $337,946.50)
    reasonable, and necessary:

    Amount of expense reimbursement sought              $0.00
    as actual, reasonable, and necessary:

    This is an:       X monthly                 interim               final application

The total time expended for fee application preparation is approximately 25.3 hours and the
corresponding compensation requested is approximately $7,092.50.




1
  The last four digits of Debtor Vyaire Medical, Inc.’s federal tax identification number are 6495. A complete list of
each of the Debtors in these chapter 11 cases and each such Debtor’s federal tax identification number may be obtained
on the website of the Debtors’ claims and noticing agent at https://omniagentsolutions.com/Vyaire. The location of
Debtor Vyaire Medical, Inc.’s principal place of business and the Debtors’ service address in these chapter 11 cases
is 26125 North Riverwoods Boulevard, Mettawa, Illinois, USA 60045.
                    Case 24-11217-BLS                  Doc 735          Filed 11/13/24               Page 2 of 17




Attachment A - Prior Applications Filed:


      Application                         Requested                                            Paid to Date              Total Unpaid
  Dt Filed                                                                                                                   Fees and
  Dkt No    Period                 Fees               Expenses       CNO/ Order         Fees              Expenses          Expenses
  9/13/2024    6/28/2024-                                             10/10/2024
 Dkt No. 524   7/31/2024       $     572,627.00 $                -    Dkt No. 617   $            -    $              -   $      572,627.00
  10/9/2024    8/1/2024-
 Dkt No. 612   8/31/2024             363,126.00                  -       TBD                     -                   -          363,126.00
 10/16/2024
               First Interim
 Dkt No. 633                        935,753.00                   -       TBD                     -                   -        935,753.00
    Total                      $    935,753.00    $              -                  $            -    $              -   $    935,753.00
                          Case 24-11217-BLS           Doc 735      Filed 11/13/24    Page 3 of 17
In re: Vyaire Medical, Inc., et al.
Attachment B: Fees By Professional
Berkeley Research Group, LLC
For the Period 9/1/2024 through 9/30/2024

Professional                   Title                            Billing Rate         Hours                          Fees

D. Galfus                      Managing Director                 $1,325.00             36.1                  $47,832.50

R. Zaidman                     Managing Director                 $1,095.00            102.4                 $112,128.00

K. McColgan                    Director                          $1,050.00             32.0                  $33,600.00

R. Cohen                       Senior Managing Consultant          $850.00             83.0                  $70,550.00

A. Kashanirokh                 Associate                           $420.00            122.3                  $51,366.00

J. Rogala                      Associate                           $480.00             33.5                  $16,080.00

M. Haverkamp                   Case Manager                        $375.00               8.2                   $3,075.00

E. Degnan                      Case Assistant                      $195.00             17.0                    $3,315.00


Total                                                                                 434.5                $337,946.50


Blended Rate                                                                                                   $777.78




Berkeley Research Group, LLC                                                   Invoice for the 9/1/2024 - 9/30/2024 Period
                              Case 24-11217-BLS           Doc 735   Filed 11/13/24   Page 4 of 17
In re: Vyaire Medical, Inc., et al.
Attachment C: Fees By Task Code
Berkeley Research Group, LLC
For the Period 9/1/2024 through 9/30/2024

Task Code                                                                 Hours                                     Fees

01. Asset Acquisition/ Disposition                                         45.6                              $40,324.50

05. Professional Retention/ Fee Application Preparation                    25.3                               $7,092.50

07. Interaction/ Meetings with Debtors/ Counsel                             1.9                               $2,241.50

08. Interaction/ Meetings with Creditors/ Counsel                          22.8                              $26,540.00

10. Recovery/ SubCon/ Lien Analysis                                        19.3                              $13,000.00

11. Claim Analysis/ Accounting                                             44.9                              $24,421.00

17. Analysis of Historical Results                                         12.9                              $12,306.50

18. Operating and Other Reports                                             1.4                               $1,533.00

19. Cash Flow/Cash Management/ Liquidity                                  103.1                              $85,276.50

25. Litigation                                                            106.7                              $76,150.50

27. Plan of Reorganization/ Disclosure Statement                           50.6                              $49,060.50


Total                                                                     434.5                           $337,946.50


Blended Rate                                                                                                   $777.78




Berkeley Research Group, LLC                                                  Invoice for the 9/1/2024 - 9/30/2024 Period
                  Case 24-11217-BLS            Doc 735       Filed 11/13/24         Page 5 of 17




                         IN THE UNITED STATES BANKRUPTCY COURT
                              FOR THE DISTRICT OF DELAWARE

    In re:                                                 Chapter 11

    VYAIRE MEDICAL, INC., et al., 1                        Case No. 24-11217 (BLS)

                        Debtors.                           (Jointly Administered)

                                                           Objection Deadline: Dec. 4, 2024 at 4:00 p.m. (ET)

    THIRD MONTHLY APPLICATION OF BERKELEY RESEARCH GROUP, LLC FOR
      COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF
        EXPENSES INCURRED AS FINANCIAL ADVISOR TO THE OFFICIAL
         COMMITTEE OF UNSECURED CREDITORS DURING THE PERIOD
            FROM SEPTEMBER 1, 2024 THROUGH SEPTEMBER 30, 2024

             Berkeley Research Group, LLC (“BRG”) as financial advisor to the Official Committee of

Unsecured Creditors (the “Committee”) of the above-captioned debtors and debtors in possession

(collectively, the “Debtors”), hereby submits its third monthly fee application (the “Application”)

for an order pursuant to sections 105(a), 330 and 331 chapter 11 of title 11 of the United States

Code (the “Bankruptcy Code”), Rule 2016 of the Federal Rules of Bankruptcy Procedure (the

“Bankruptcy Rules”), Rule 2016-2 of the Local Rules of Bankruptcy Practice and Procedure for

the United States Bankruptcy Court of the District of Delaware (the “Local Rules”), the Order (I)

Establishing Procedures for Interim Compensation and Reimbursement of Expenses for Retained

Professionals and (II) Grating Related Relief (the “Interim Compensation Order”), [Dkt. No. 218]

entered July 9, 2024, and the United States Trustee’s Guidelines for Reviewing Applications for

Compensation and Reimbursement of Expenses filed under 11 U.S.C. § 330, effective January 30,

1996 (the “U.S. Trustee Guidelines”) seeking (a) the allowance of reasonable compensation for



1
  The last four digits of Debtor Vyaire Medical, Inc.’s federal tax identification number are 6495. A complete list of
each of the Debtors in these chapter 11 cases and each such Debtor’s federal tax identification number may be obtained
on the website of the Debtors’ claims and noticing agent at https://omniagentsolutions.com/Vyaire. The location of
Debtor Vyaire Medical, Inc.’s principal place of business and the Debtors’ service address in these chapter 11 cases
is 26125 North Riverwoods Boulevard, Mettawa, Illinois, USA 60045.
              Case 24-11217-BLS          Doc 735       Filed 11/13/24     Page 6 of 17




professional services rendered by BRG to the Committee during the period September 1, 2024

through September 30, 2024 (the “Fee Period”) and (b) reimbursement of actual and necessary

charges and disbursements incurred by BRG during the Fee Period in the rendition of required

professional services on behalf of the Committee. In support of this Application, BRG represents

as follows:

                                          JURISDICTION

        1.      The United States Bankruptcy Court for the District of Delaware (the “Court’) has

jurisdiction over this Motion under 28 U.S.C. §§ 157 and 1334 and the Amended Standing Order

of Reference from the United States District Court for the District of Delaware, dated February

29, 2012. This matter is a core proceeding within the meaning of 28 U.S.C. §157(b)(2)(A) and the

Committee confirms their consent pursuant to Local Rule 9013-l(f) to the entry of a final order by

the Court in connection with this Application to the extent that it is later determined that the Court,

absent consent of the parties, cannot enter final orders or judgments in connection herewith

consistent with Article III of the United States Constitution. Venue is proper in this judicial district

pursuant to 28 U.S.C. §§ 1408 and 1409.

        2.      The statutory bases for the relief requested herein are sections 105(a), 330 and 331

of the Bankruptcy Code, Bankruptcy Rule 2016, and Local Rule 2016-2.

                                          BACKGROUND

        3.      On June 9, 2024 (the “Petition Date”), each of the Debtors filed a voluntary petition

for relief under chapter 11 of the Bankruptcy Code (the “Cases”) with the Court. The Debtors are

authorized to continue to operate their businesses and manage their properties as debtors-in-

possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code. No trustee or examiner

has been appointed in these Chapter 11 Cases.



                                                   2
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       4.      The Cases are being jointly administered pursuant to Bankruptcy Rule 1015(b) and

the Court’s Order (I) Directing Joint Administration of Chapter 11 Cases and (II) Granting

Related Relief [Docket No. 84], entered on June 11, 2024.

       5.      On June 26, 2024 (the “Formation Date”), the Office of the United States Trustee

for the District of Delaware (the “U.S. Trustee”) appointed the Committee. The Committee is

presently comprised of the following members: (i) Sunmed Group Holdings, LLC (d/b/a AirLife);

(ii) Zensar Technologies Inc.; (iii) Cognizant Worldwide Ltd.; (iv) Presido; (v) Vizient, Inc.; (vi)

David M. Lewis Company; and (vii) Data Modul, Inc.

       6.      On June 28, 2024, the Committee selected BRG to serve as its financial advisor.

The Committee also selected McDermott Will & Emery LLP (“MWE” or “Counsel”) to serve as

its counsel. On July 30, 2024, the Court entered an order [Docket No. 332] approving BRG’s

retention effective as of June 28, 2024.

                                 FEE PROCEDURES ORDER

       7.      On July 9, 2024, this Court signed the Interim Compensation Order. Pursuant to the

Interim Compensation Order, on or after the twenty first (21st) day of each month (the “Fee Filing

Period”) following the month for which compensation and reimbursement is sought (the

“Compensation Period”), each Professional seeking interim compensation may file with the Court

a monthly application (each a “Monthly Fee Application”) pursuant to section 331 of the

Bankruptcy Code for interim approval and allowance of compensation for services rendered and

reimbursement of expenses during the Compensation Period. Each Notice Party shall have twenty

one (21) days after service of a Monthly Fee Application to review the Monthly Fee Application

(the “Review Period”) and serve a written notice of objection (a “Notice of Objection”).




                                                 3
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                           SUMMARY OF SERVICES RENDERED

       8.        BRG is a global strategic advisory and expert consulting firm that provides

independent expert testimony, litigation and regulatory support, authoritative studies, strategic

advice, and document and data analytics to major law firms, Fortune 500 corporations, government

agencies, and regulatory bodies around the world. BRG has a wealth of experience in providing

financial consulting in distressed scenarios and enjoys an excellent reputation for services it has

rendered in large and complex chapter 11 cases on behalf of debtors and creditors throughout the

United States.

       9.        Since being retained by the Committee, BRG has rendered professional services to

the Committee as requested and as necessary and appropriate in furtherance of the interests of the

unsecured creditors of the Debtors’ estates. BRG respectfully submits that the professional services

that it rendered on behalf of the Committee were necessary and have directly benefited the creditor

constituents represented by the Committee and have contributed to the effective administration of

these Cases.

       10.       BRG submits that the interim fees applied for herein for professional services

rendered in performing services for the Committee in this proceeding are fair and reasonable in

view of the time spent, the extent of work performed, the nature of the Debtors’ capitalization

structure and financial condition, the Debtors’ financial accounting resources and the results

obtained. BRG’s fees typically are based on the actual hours charged at BRG’s standard hourly

rates, which are in effect when the services are rendered.

       11.       BRG expended an aggregate of 434.5 hours, all of which was expended by the

professional staff of BRG. The work involved, and thus the time expended, was carefully assigned

in light of the experience and expertise required for a particular task. Assigned staff was utilized

to optimize efficiencies and avoid redundant efforts.
                                                 4
                Case 24-11217-BLS        Doc 735       Filed 11/13/24   Page 9 of 17




          12.    BRG’s approach is to utilize senior, experienced personnel to create efficiencies in

time spent reviewing and minimize total cost. In addition, BRG’s hourly rates for professionals of

comparable experience are at or below those of firms we consider our peers. We believe that the

compensation in this Application is based on the customary compensation charged by comparably

skilled professionals in cases other than cases under Title 11.

          13.    BRG believes that there has been no duplication of services between BRG and any

other consultants or accountants to the bankruptcy estate.

          14.    No agreement or understanding exists between BRG and any other person for the

sharing of compensation received or to be received for services rendered in connection with the

chapter 11 cases, except for internal agreements among employees of BRG regarding the sharing

of revenue or compensation. Neither BRG nor any of its employees has entered into an agreement

or understanding to share compensation with any entity as described in Bankruptcy Rule 2016.

          15.    BRG, in accordance with the Bankruptcy Rules and the Local Rules, will be

charging travel time at 50% of the time incurred. No travel time was incurred during the Fee

Period.

          16.    BRG’s time records for the Fee Period are attached hereto as Exhibit A. These

records include daily time logs describing the time spent by each BRG professional and

administrative-level person in these Cases.

          17.    BRG also maintains records of all actual and necessary out-of-pocket expenses

incurred in connection with the rendition of its professional services. At this time BRG is not

requesting reimbursement for any expenses incurred during the Fee Period but reserves the right

to request reimbursement therefor in the future.




                                                   5
              Case 24-11217-BLS         Doc 735       Filed 11/13/24    Page 10 of 17




       18.     The general summary of the services rendered by BRG during the Fee Period, based

on tasks and number of hours, is set forth below. Where more than one task code may apply to a

particular entry, BRG endeavored to select the most applicable.

                         Asset Acquisition/Disposition – Task Code 01

       19.     Time charged to this task code relates to BRG’s evaluation of the sales process.

Specifically, BRG spent time (i) reviewing amendments to the APAs; (ii) analyzing Transition

Servies Agreements (“TSA”) related agreements; (iii) evaluating transition issues related to the

sale; (iv) evaluating liability assumptions of sale transactions; (v) preparing an analysis related to

proposed contract assumptions; (vi) analyzing revised cure cost schedule; (vii) evaluating

additional sale opportunities; and (viii) evaluating the status of the sale. Further time was spent

meeting and corresponding with Counsel and the Debtors’ professionals about the liability

assumptions, Transition Servies Agreements, contract assumptions and next steps.

       20.     BRG has expended 45.6 hours on this category for a fee of $40,324.50.

             Professional Retention/ Fee Application Preparation – Task Code 05

       21.     Time charged to this task code relates to time spent preparing BRG’s June/July and

August monthly fee applications.

       22.     BRG has expended 25.3 hours on this category for a fee of $7,092.50.

             Interactions/Meetings with Debtors/Debtors’ Counsel – Task Code 07

       23.      Time charged to this task code relates to BRG’s participation in meetings and calls,

as well as correspondence with the Debtors’ professionals relating to asset disposition, TSA, next

steps with respect to the sale process, DIP budget, cash activity and other case matters.

       24.     BRG has expended 1.9 hours on this category for a fee of $2,241.50.




                                                  6
             Case 24-11217-BLS          Doc 735       Filed 11/13/24    Page 11 of 17




          Interaction/Meetings with Creditors/Creditors’ Counsel – Task Code 08

       25.      Time charged to this task code relates to BRG’s preparation for and participation

in meetings and calls with the Committee and other Committee professionals relating to case status

and next steps on various matters. Topics discussed included the sale hearing, sale closing, DIP

matters, liquidity, case timeline, recent case developments, Chapter 11 Plan, investigation status,

Committee call agendas, and other case issues.

       26.     BRG has expended 22.8 hours on this category for a fee of $26,540.00.

                        Recovery/SubCon/Lien Analysis – Task Code 10

       27.     Time charged to this task code relates to time spent by BRG analyzing creditor

recoveries under various scenarios in order to advise the Committee on the development of

appropriate case strategies. Specific tasks included (i) reviewing Debtors’ analysis of potential

recoveries from miscellaneous assets not sold; (ii) preparing a recovery analysis; and (iii) preparing

a report related to the recovery analysis.

       28.     BRG has expended 19.3 hours on this category for a fee of $13,000.00.

                          Claim Analysis/Accounting – Task Code 11

       29.     Time charged to this task code primarily relates to BRG’s review and analysis of

claims. Specifically, time was spent (i) analyzing filed claims including supporting documentation;

(ii) preparing an analysis estimating the unsecured claims pool; (iii) preparing a claims analysis

report based on key findings from the unsecured claims analysis; and (iv) preparing summaries

related to certain categories of unsecured filed claims.

       30.     BRG has expended 44.9 hours on this category for a fee of $24,421.00.




                                                  7
              Case 24-11217-BLS        Doc 735       Filed 11/13/24   Page 12 of 17




                         Analysis of Historical Results – Task Code 17

        31.     This task code primarily relates to BRG’s analysis of the Debtors’ and non-Debtors’

historical financial information, including financial statements and other operating and financial

metrics, including reviewing historical liabilities and transactions, analyzing historical foreign

entity obligation balances, and preparing analyses related to the Debtors’ financial position over

the last three years.

        32.     BRG has expended 12.9 hours on this category for a fee of $12,306.50.

                         Operating and Other Reports – Task Code 18

        33.      Time charged to this task code primarily relates to the review of the Debtors’

August Monthly Operating Reports.

        34.     BRG has expended 1.4 hours on this category for a fee of $1,533.00.

                    Cash Flow/ Cash Management Liquidity – Task Code 19

        35.     This task code relates to time spent by BRG reviewing and analyzing matters

impacting the Debtors’ cash management processes and overall liquidity. Specifically, time was

spent (i) evaluating the Debtors’ cash flow; (ii) analyzing the Debtors’ updated liquidity forecast

and weekly variance reports; (iii) evaluating matters related to the DIP budget; (iv) preparing the

weekly DIP and liquidity reports for the Committee; (v) reviewing liquidity, costs, and holdback

schedule related to the wind down period; (vi) analyzing diligence information; and (vii) analyzing

accounts payable roll forward estimates prepared by the Debtors. Time was also spent meeting and

corresponding with Counsel and the Debtors’ advisors about the same.

        36.     BRG has expended 103.1 hours on this category for a fee of $85,276.50.




                                                 8
             Case 24-11217-BLS         Doc 735       Filed 11/13/24   Page 13 of 17




                                   Litigation – Task Code 25

       37.     Time charged to this task code primarily relates to BRG’s efforts in support of

various ongoing litigation and investigation workstreams. Specifically, time was spent (i)

examining the Debtors’ discovery production based on various search terms to identify documents

relevant to the investigation workstream; (ii) analyzing historical transaction related files; (iii)

evaluating the status of the investigation; (iv) reviewing historical operation materials; (v)

reviewing documents from investigation related interviews; (vi) reviewing various investigation

updates; (vii) analyzing payments and related summaries; and (viii) preparing investigation related

reporting for Counsel.

       38.     BRG has expended 106.7 hours on this category for a fee of $76,150.50.

                Plan of Reorganization/Disclosure Statement – Task Code 27

       39.     Time charged to this task code primarily relates to BRG’s analysis of the Debtors’

Chapter 11 Plan and Disclosure Statement. Specifically, time was spent (i) reviewing various drafts

of the Plan and Disclosure Statement and supporting documents; (ii) evaluating the Debtors’

liquidation analysis and related assumptions; (iii) preparing a report related to the Debtors’

liquidation analysis; (iv) reviewing a draft of the UCC’s objection to the Disclosure Statement; (v)

analyzing Plan issues for the potential impact on creditor recoveries; and (vi) reviewing the status

of the Plan. Additional time was spent meeting and corresponding with Counsel regarding the

Committee’s comments on the Plan and Disclosure Statement, and other Plan-related matters.

       40.     BRG has expended 50.6 hours on this category for a fee of $49,060.50.

                          ACTUAL AND NECESSARY EXPENSES

       41.     BRG incurred no actual out-of-pocket expenses in connection with the rendition of

the professional services to the Committee.



                                                 9
              Case 24-11217-BLS         Doc 735        Filed 11/13/24   Page 14 of 17




        42.     Disbursements and expenses are incurred in accordance with BRG’s normal

practice of charging clients for expenses clearly related to and required by particular matters. Such

expenses are often incurred to enable BRG to devote time beyond normal office hours to matters,

which imposed extraordinary time demands. BRG endeavors to minimize these expenses to the

fullest extent possible.

        43.     BRG’s billing rates do not include charges for photocopying, telephone and

facsimile charges, computerized research, travel expenses, “working meals,” secretarial overtime,

postage, and certain other office services, because the needs of each client for such services differ.

BRG believes that it is fairest to charge each client only for the services actually used in performing

services for such client. BRG endeavors to minimize these expenses to the fullest extent possible.

        44.     In providing a reimbursable service such as copying or telephone, BRG does not

make a profit on that service. In charging for a particular service, BRG does not include in the

amount for which reimbursement is sought the amortization of the cost of any investment,

equipment, or capital outlay. In seeking reimbursement for service which BRG justifiably

purchased or contracted for from a third party, BRG requests reimbursement only for the amount

billed to BRG by such third-party vendor and paid by BRG to that vendor.

                           NOTICE AND NO PRIOR APPLICATION

        45.     Notice of this Application has been given to (a) the Debtors; (b) counsel to the

Debtors; (c) counsel to the 1L Ad Hoc Group and (d) the Office of the U.S. Trustee; (collectively,

the “Notice Parties”). In light of the nature of the relief requested herein, BRG submits that no

further or other notice is required.




                                                  10
               Case 24-11217-BLS       Doc 735       Filed 11/13/24   Page 15 of 17




       46.      With respect to these amounts, as of the date of the Application, BRG has received

no payments, and no previous application for the relief sought herein has been made to this or any

other Court.

                                         CONCLUSION

       WHEREFORE, BRG respectfully requests: (a) that it be allowed on an interim basis (i)

fees in the amount of $337,946.50 for reasonable, actual and necessary services rendered by it on

behalf of the Committee during the Fee Period and (ii) reimbursement of $0.00 for reasonable,

actual and necessary expenses incurred during the Fee Period; (b) that the Debtors be authorized

and directed to immediately pay to BRG the amount of $270,357.20 which is equal to the sum of

80% of BRG’s fees and 100% of BRG’s expenses incurred during the Fee Period, and (c) and

granting such other and further relief as the Court may deem just and proper.



Dated: 11/13/2024
      Saddle Brook, NJ                      BERKELEY RESEARCH GROUP, LLC

                                             /s/ David Galfus
                                            David Galfus
                                            Managing Director
                                            250 Pehle Avenue, Suite 301
                                            Saddle Brook, NJ 07663
                                            (201) 587-7117

                                            Financial Advisor to the Official Committee of
                                            Unsecured Creditors




                                                11
               Case 24-11217-BLS              Doc 735         Filed 11/13/24       Page 16 of 17




                        IN THE UNITED STATES BANKRUPTCY COURT
                             FOR THE DISTRICT OF DELAWARE

    In re:                                                 Chapter 11

    VYAIRE MEDICAL, INC., et al., 1                        Case No. 24-11217 (BLS)

                       Debtors.                            (Jointly Administered)


                                               VERIFICATION

                  David Galfus, pursuant to 28 U.S.C. § 1746, declares as follows:

                  a)       I am a Managing Director at the applicant firm, Berkeley Research Group,

LLC (“BRG”), and am authorized to submit this verification on behalf of BRG.

                  b)       I have personally performed or supervised many of the professional services

rendered by BRG as financial advisor to the Official Committee of Unsecured Creditors (the

“Committee”) and am familiar with the work performed on behalf of the Committee by the

professionals and other persons in the firm.

                  c)       I have reviewed the foregoing Application and the facts set forth therein are

true and correct to the best of my knowledge, information, and belief.

                  d)       All services for which compensation is requested by BRG were professional

services performed for and on behalf of the Committee and not on behalf of any other person.

                  e)       I have reviewed the requirements of Local Rule 2016-2 and certify to the

best of my information, knowledge, and belief that this Application complies with Local Rule

2016-2.




1
  The last four digits of Debtor Vyaire Medical, Inc.’s federal tax identification number are 6495. A complete list of
each of the Debtors in these chapter 11 cases and each such Debtor’s federal tax identification number may be obtained
on the website of the Debtors’ claims and noticing agent at https://omniagentsolutions.com/Vyaire. The location of
Debtor Vyaire Medical, Inc.’s principal place of business and the Debtors’ service address in these chapter 11 cases
is 26125 North Riverwoods Boulevard, Mettawa, Illinois, USA 60045.

                                                          1
              Case 24-11217-BLS      Doc 735       Filed 11/13/24    Page 17 of 17




               f)    I certify under penalty of perjury that the foregoing is true and correct.


Executed on     11/13/2024
                                                       /s/ David Galfus
                                                      David Galfus




                                               2


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