Time Detail — Berkeley Research Group, LLC, Vyaire Medical (11/1/2024 through 11/14/2024, Doc 906-2)
Summary
This is Exhibit A, Time Detail, of Berkeley Research Group, LLC for the period 11/1/2024 through 11/14/2024 in the Vyaire Medical case, filed 12/30/24 as Doc 906-2. Entries are listed by task code with date, professional, hours and description. The task codes shown include Asset Acquisition/ Disposition, Professional Retention/ Fee Application Preparation, Attend Hearings/ Related Activities and Interaction/ Meetings with Creditors/ Counsel. The Asset Acquisition/ Disposition entries include reviewing the assumed contract list for the Trudell sale and calls with AlixPartners about Zoll transaction items. One entry states a professional attended the Plan confirmation hearing on 11/14/2024.
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- Date
- 2024-11-01
Cite this document
“Time Detail — Berkeley Research Group, LLC, Vyaire Medical (11/1/2024 through 11/14/2024, Doc 906-2).”
Original at ecf.deb.uscourts.gov, dated 2024-11-01. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2024-11-01-11-14-2024-r-zaidman-0-4-reviewed-orders-authorizing-certain-executory-contract/
, SHA-256 07a92ecfafc1a4270c595aa919da669f5a7f51a19f42c52e549c2fdf70cba024.Full text
Berkeley Research Group, LLC For the Period 11/1/2024 through 11/14/2024 In re: Vyaire Medical, Inc., et al. Exhibit A: Time Detail Date Professional Hours Description 01. Asset Acquisition/ Disposition 11/5/2024 R. Cohen 0.3 Reviewed status of sale of a non Debtor entity. 11/5/2024 R. Zaidman 0.2 Corresponded with AlixPartners (R. Robbins) re: open diligence on certain Zoll transaction related items. 11/5/2024 R. Zaidman 0.2 Participated in call with AlixPartners (R. Robbins) re: Zoll transaction items and assumed liabilities. 11/6/2024 R. Zaidman 0.8 Reviewed assumed contract list as filed with the Bankruptcy Court for Trudell sale. 11/8/2024 D. Galfus 0.6 Analyzed the Debtors' sales related issues. 11/11/2024 R. Zaidman 0.5 Reviewed draft funds flow for Trudell sale transaction from AlixPartners (J. Zermeno). 11/12/2024 R. Zaidman 0.6 Reviewed further supporting detail on Trudell funds flow from AlixPartners (J. Zermeno). 11/12/2024 R. Zaidman 0.3 Corresponded with AlixPartners (R. Robbins) re: Trudell sale closing. 11/13/2024 R. Zaidman 0.6 Reviewed notice filed by Debtors related to Trudell sale closing re: amended APA. Task Code Total Hours 4.1 05. Professional Retention/ Fee Application Preparation 11/5/2024 M. Haverkamp 0.7 Edited September fee application. 11/5/2024 E. Degnan 0.3 Prepared September fee application. 11/11/2024 M. Haverkamp 0.2 Edited September fee application. 11/12/2024 E. Degnan 0.7 Prepared October fee application. 11/12/2024 M. Haverkamp 0.1 Edited September fee application for filing. 11/13/2024 E. Degnan 1.4 Prepared October fee application. 11/13/2024 D. Galfus 0.2 Reviewed the fee application for September. Berkeley Research Group, LLC Invoice for the 11/1/2024 - 11/14/2024 Period Case 24-11217-BLS Doc 906-2 Filed 12/30/24 Page 1 of 8 Date Professional Hours Description 05. Professional Retention/ Fee Application Preparation 11/13/2024 M. Haverkamp 0.1 Edited September fee application for filing. 11/14/2024 E. Degnan 1.6 Prepared October fee application. Task Code Total Hours 5.3 06. Attend Hearings/ Related Activities 11/14/2024 R. Zaidman 0.5 Attended (virtual) Plan confirmation hearing. Task Code Total Hours 0.5 08. Interaction/ Meetings with Creditors/ Counsel 11/4/2024 D. Galfus 0.2 Held call with K. Going, MWE re: case issues. 11/12/2024 D. Galfus 0.4 Participated in a call with MWE (K. Going; M. Kandestin) in preparation for the upcoming Committee call. 11/12/2024 R. Zaidman 0.4 Participated in call with MWE (K. Going, M. Kandestin-partial) re: Plan confirmation and UCC update call. 11/13/2024 R. Zaidman 0.8 Reviewed correspondence from MWE (C. Wurzelbacher) re: UCC meeting materials. 11/13/2024 D. Galfus 0.5 Participated in a call with Counsel (K. Going, M. Kandestin) and the Committee re: weekly agenda related to the Plan. 11/13/2024 R. Zaidman 0.5 Participated in call with UCC and MWE (K. Going, M. Kandestin) re: Plan confirmation and next steps. Task Code Total Hours 2.8 11. Claim Analysis/ Accounting 11/1/2024 R. Zaidman 0.6 Reviewed latest potential unsecured claims range re: Schedules of Assets and Liabilities and filed claims. 11/4/2024 R. Zaidman 0.8 Analyzed latest claims filed on docket to understand potential claims pool ranges. Task Code Total Hours 1.4 14. Executory Contracts/ Leases 11/7/2024 R. Zaidman 0.9 Reviewed Debtors' filing of fifth notice of executory contracts to be rejected. 11/14/2024 R. Zaidman 0.4 Reviewed orders authorizing certain executory contract rejections as filed with the Bankruptcy Court. Task Code Total Hours 1.3 Berkeley Research Group, LLC Invoice for the 11/1/2024 - 11/14/2024 Period Page 2 of 8 Case 24-11217-BLS Doc 906-2 Filed 12/30/24 Page 2 of 8 Date Professional Hours Description 18. Operating and Other Reports 11/4/2024 R. Cohen 1.1 Prepared list of case updates since sale hearing on 8/30. Task Code Total Hours 1.1 19. Cash Flow/Cash Management/ Liquidity 11/1/2024 A. Kashanirokh 2.8 Prepared cash and liquidity report for 11/6 UCC meeting. 11/1/2024 R. Zaidman 1.2 Analyzed latest cash variance reporting as sent by AlixPartners (J. Zermeno) for week ended October 25, 2024. 11/1/2024 D. Galfus 1.0 Analyzed cash activity through 10/25. 11/1/2024 R. Zaidman 0.8 Reviewed underlying diligence related to budget extension through November 15, 2024. 11/1/2024 R. Zaidman 0.6 Compared latest budget extended through November 15, 2024 to latest actual results through October 25, 2024. 11/1/2024 R. Zaidman 0.4 Analyzed administrative costs in wind down budget to latest cash reporting through October 25, 2024. 11/3/2024 R. Zaidman 0.4 Reviewed prior analysis provided by AlixPartners (R. Robbins) related to roll forward of certain accounts payable estimates re: post petition payments to be made. 11/4/2024 R. Cohen 2.9 Prepared slides for 11/5 DIP and liquidity report related to liquidity and post petition payables. 11/4/2024 R. Cohen 1.9 Analyzed the Debtors' estimate of their post petition accounts payables balance as of 11/4. 11/4/2024 R. Cohen 1.4 Continued to prepare slides for 11/5 DIP and liquidity report related to liquidity and post petition payables. 11/4/2024 A. Kashanirokh 1.1 Edited cash and liquidity report for 11/6 UCC meeting to reflect comments from BRG team. 11/4/2024 R. Zaidman 1.1 Prepared analysis of list of changes to the wind down budget from prior sales hearing based on latest estimates. 11/4/2024 R. Zaidman 1.0 Participated in call with AlixPartners (R. Robbins, J. Zermeno, J. Amico, C. Chen) re: post petition accounts payable and budget. 11/4/2024 R. Cohen 1.0 Participated on a call with AlixPartners (R. Robbins, J. Zermeno) re: post petition administrative payments. 11/4/2024 R. Zaidman 0.9 Reviewed diligence support provided by AlixPartners (J. Zermeno) related to accounts payable remaining re: wind down analysis. Berkeley Research Group, LLC Invoice for the 11/1/2024 - 11/14/2024 Period Page 3 of 8 Case 24-11217-BLS Doc 906-2 Filed 12/30/24 Page 3 of 8 Date Professional Hours Description 19. Cash Flow/Cash Management/ Liquidity 11/4/2024 R. Zaidman 0.8 Analyzed accounts receivable support file which included build up of balances from AlixPartners (J. Zermeno) re: wind down analysis. 11/4/2024 R. Zaidman 0.7 Participated in call with AlixPartners (R. Robbins, J. Zermeno, C. Chen) re: weekly cash activity through October 25, 2024. 11/4/2024 R. Cohen 0.7 Participated on a call with AlixPartners (R. Robbins, J. Zermeno) re: variance report for the week ended 10/25. 11/4/2024 R. Zaidman 0.6 Analyzed latest cash activity through October 25, 2024 re: estimate of potential wind down obligations based on prior cash activity. 11/4/2024 D. Galfus 0.6 Evaluated the Debtors' liquidity for the week ended 10/25. 11/4/2024 D. Galfus 0.5 Participated in a portion of a call with AlixPartners (R. Robbins) re: liquidity matters. 11/4/2024 R. Zaidman 0.3 Corresponded with AlixPartners (J. Zermeno) re: accounts receivable diligence questions related to support file received from AlixPartners. 11/5/2024 R. Zaidman 1.4 Prepared analysis rolling forward latest accounts payable balances over time from previous estimated range provided by Debtors. 11/5/2024 R. Zaidman 1.2 Analyzed wind down estimate support file from AlixPartners re: forecasted administrative costs. 11/5/2024 R. Cohen 1.1 Edited 11/5 DIP and liquidity report based on comments from BRG team. 11/5/2024 R. Zaidman 0.8 Analyzed latest forecast administrative costs remaining at certain points in time through the assumed effective date. 11/6/2024 R. Zaidman 0.2 Corresponded with AlixPartners (R. Robbins) re: administrative costs to be paid. 11/7/2024 R. Zaidman 0.1 Corresponded with AlixPartners (R. Robbins) re: 503(b)(9) payments to be made. 11/7/2024 R. Zaidman 0.1 Corresponded with AlixPartners (R. Robbins) re: additional information on 503(b)(9) payments. 11/8/2024 A. Kashanirokh 2.9 Prepared cash and liquidity report for 11/13 UCC meeting. 11/8/2024 A. Kashanirokh 1.3 Continued to prepare cash and liquidity report for 11/13 UCC meeting. 11/8/2024 R. Zaidman 1.2 Analyzed latest cash activity reporting through November 1, 2024 as received from AlixPartners (J. Zermeno). 11/8/2024 R. Zaidman 0.8 Analyzed estimated administrative costs remaining based on latest cash activity through November 1, 2024. Berkeley Research Group, LLC Invoice for the 11/1/2024 - 11/14/2024 Period Page 4 of 8 Case 24-11217-BLS Doc 906-2 Filed 12/30/24 Page 4 of 8 Date Professional Hours Description 19. Cash Flow/Cash Management/ Liquidity 11/8/2024 R. Zaidman 0.8 Analyzed latest wind down budget to understand intercompany activity through wind down period re: compared to latest cash activity through November 1, 2024. 11/8/2024 D. Galfus 0.4 Analyzed cash activity through 11/1. 11/8/2024 R. Zaidman 0.3 Corresponded with AlixPartners (J. Zermeno) re: certain intercompany transactions as of November 1, 2024. 11/8/2024 R. Zaidman 0.2 Corresponded with UCC member re: 503(b)(9) payments. 11/8/2024 R. Zaidman 0.1 Corresponded with AlixPartners (R. Robbins) re: 503(b)(9) payments to be made. 11/11/2024 A. Kashanirokh 1.7 Edited cash and liquidity report for 11/13 UCC meeting. 11/11/2024 R. Zaidman 1.3 Analyzed certain disbursement accruals in budget versus latest actual activity through November 1, 2024. 11/11/2024 R. Zaidman 1.2 Analyzed latest intercompany related activity to determine potential cash for repatriation during wind down period. 11/11/2024 D. Galfus 0.6 Evaluated the Debtors' liquidity as of 11/1. 11/11/2024 R. Cohen 0.2 Participated in a call with AlixPartners (J. Zermeno) re: variance report for the week ended 11/1. 11/11/2024 R. Zaidman 0.2 Participated in call with AlixPartners (J. Zermeno) re: cash activity through November 1, 2024. 11/12/2024 R. Zaidman 1.3 Analyzed BRG summary of latest cash activity through November 1, 2024 as compared to budget. 11/12/2024 R. Cohen 1.2 Reviewed 11/13 DIP and liquidity report re: variance report for the week ended 11/1. 11/12/2024 R. Zaidman 1.1 Reviewed latest post effective date reserves for costs as compared to latest cash activity through November 1, 2024. 11/12/2024 D. Galfus 0.7 Analyzed liquidity though 11/1.. 11/12/2024 A. Kashanirokh 0.7 Prepared schedule detailing Debtors wind down obligations. 11/13/2024 R. Zaidman 1.2 Analyzed updated BRG summary of latest cash activity through November 1, 2024 as compared to budget. 11/13/2024 R. Zaidman 0.6 Prepared for UCC call by reviewing latest cash activity through November 1, 2024. Berkeley Research Group, LLC Invoice for the 11/1/2024 - 11/14/2024 Period Page 5 of 8 Case 24-11217-BLS Doc 906-2 Filed 12/30/24 Page 5 of 8 Date Professional Hours Description 19. Cash Flow/Cash Management/ Liquidity 11/13/2024 R. Zaidman 0.3 Corresponded with AlixPartners (R. Robbins) re: post petition accounts payable. 11/14/2024 R. Zaidman 1.6 Analyzed latest forecasted roll forward of cash activity through various assumed effective dates. 11/14/2024 D. Galfus 0.9 Analyzed forecasted cash activity through the effective date. 11/14/2024 R. Zaidman 0.7 Compared latest accounts payable roll forward provided by AlixPartners (C. Chi) as compared to trade payable disbursements through November 1, 2024. Task Code Total Hours 51.1 25. Litigation 11/1/2024 J. Rogala 2.9 Reviewed investigation data room files re: emails and email attachments. 11/1/2024 A. Kashanirokh 2.7 Analyzed documents found in data room related to investigation workstream. 11/1/2024 J. Rogala 2.6 Continued to review investigation data room files re: emails and email attachments. 11/1/2024 A. Kashanirokh 1.4 Reviewed documents related to Debtors' Board minutes. Task Code Total Hours 9.6 27. Plan of Reorganization/ Disclosure Statement 11/1/2024 D. Galfus 0.4 Reviewed the draft settlement terms. 11/3/2024 D. Galfus 0.9 Participated in a call with the Debtors' advisors (Kirkland & Ellis (Y. Salloum), AlixPartners (C. Braley-partial, R. Robbins, J. Amico), MWE (K. Going, M. Kandestin)) re: the Plan. 11/3/2024 R. Zaidman 0.9 Participated in call with Kirkland & Ellis (Y. Salloum), AlixPartners (C. Braley-partial, R. Robbins, J. Amico), MWE (K. Going, M. Kandestin) re: latest case status and Plan. 11/3/2024 D. Galfus 0.8 Held call with MWE (K. Going, M. Kandestin) re: upcoming call with the Debtors about the Plan. 11/3/2024 R. Zaidman 0.8 Participated in call with MWE (K. Going, M. Kandestin) re: case status and Plan. 11/3/2024 R. Zaidman 0.3 Reviewed correspondence from MWE (K. Going) re: potential settlement framework. Berkeley Research Group, LLC Invoice for the 11/1/2024 - 11/14/2024 Period Page 6 of 8 Case 24-11217-BLS Doc 906-2 Filed 12/30/24 Page 6 of 8 Date Professional Hours Description 27. Plan of Reorganization/ Disclosure Statement 11/4/2024 D. Galfus 0.8 Evaluated the latest deal term sheet. 11/4/2024 R. Zaidman 0.7 Reviewed latest proposal from Debtors regarding Plan and UCC settlement with respect to the impact on unsecured creditors. 11/4/2024 D. Galfus 0.6 Participated in a call with Counsel (K. Going) re: settlement issues. 11/4/2024 R. Zaidman 0.6 Participated in call with MWE (K. Going, M. Kandestin) re: Committee discussions, Plan, and settlement proposals. 11/4/2024 R. Zaidman 0.2 Participated in call with AlixPartners (C. Braley) re: Plan and settlement discussions. 11/5/2024 D. Galfus 0.6 Evaluated the revised deal terms for settlement. 11/5/2024 D. Galfus 0.4 Analyzed the Debtors' Plan terms. 11/5/2024 R. Zaidman 0.3 Reviewed US Trustee's limited objection to Plan confirmation. 11/6/2024 R. Zaidman 0.9 Reviewed Debtors' latest draft of term sheet for Plan amendment at the request of MWE (K. Going). 11/6/2024 R. Zaidman 0.8 Reviewed Committee advisors markup of Plan amendment as sent to Debtors' counsel. 11/6/2024 D. Galfus 0.6 Assessed the impact from the Plan on creditors. 11/6/2024 R. Zaidman 0.3 Reviewed update to Committee from MWE (C. Wurzelbacher) on latest settlement discussions. 11/7/2024 R. Zaidman 0.9 Reviewed Debtors' latest draft of Plan amendment as sent by Cole Schotz (M. Percontino). 11/7/2024 R. Zaidman 0.8 Reviewed Committee advisors further markup of Plan amendment as sent to Debtors' counsel. 11/7/2024 R. Cohen 0.8 Reviewed draft of the second amended Chapter 11 Plan. 11/7/2024 D. Galfus 0.8 Reviewed the amended draft Plan. 11/7/2024 D. Galfus 0.7 Participated in a call with the Debtors advisors (Kirkland & Ellis (Y. Salloum), Cole Schotz (M. Percontino), AlixPartners (C. Braley, R. Robbins, J. Amico)) and MWE (K. Going, M. Kandestin) re: the Plan. 11/7/2024 R. Zaidman 0.7 Participated in call with Kirkland & Ellis (Y. Salloum), Cole Schotz (M. Percontino), AlixPartners (C. Braley, R. Robbins, J. Amico), MWE (K. Going, M. Kandestin) re: amendment to Plan. 11/7/2024 R. Zaidman 0.7 Reviewed latest draft of Plan amendment incorporating UCC settlement proposal. Berkeley Research Group, LLC Invoice for the 11/1/2024 - 11/14/2024 Period Page 7 of 8 Case 24-11217-BLS Doc 906-2 Filed 12/30/24 Page 7 of 8 Date Professional Hours Description 27. Plan of Reorganization/ Disclosure Statement 11/7/2024 R. Zaidman 0.3 Reviewed correspondence with MWE (K. Going, M. Kandestin) re: UCC settlement proposal in Plan amendment. 11/8/2024 R. Zaidman 1.2 Reviewed Debtors' latest draft of Plan amendment as sent by Cole Schotz (M. Percontino) re: November 8, 2024 version. 11/8/2024 R. Cohen 1.2 Reviewed draft of the amended Plan. 11/8/2024 D. Galfus 0.9 Analyzed the Debtors' Plan. 11/8/2024 R. Zaidman 0.4 Reviewed BRG comments to send to MWE (M. Kandestin) re: Debtors' latest draft Plan amendment. 11/10/2024 R. Cohen 1.0 Reviewed draft of C. Braley's declaration in support of the Plan. 11/10/2024 R. Zaidman 0.5 Reviewed draft declaration of AlixPartners' C. Braley in support of Plan confirmation at the request of MWE (M. Kandestin). 11/10/2024 R. Zaidman 0.2 Provided comments to MWE (M. Kandestin) re: draft declaration of AlixPartners' C. Braley in support of Plan confirmation. 11/11/2024 R. Zaidman 1.2 Reviewed Debtors' filing with the Bankruptcy Court re: memorandum of law in support of Disclosure Statement and Plan confirmation. 11/11/2024 D. Galfus 1.1 Reviewed the C. Braley declaration. 11/11/2024 D. Galfus 0.8 Analyzed the Plan's treatment of unsecured claims. 11/11/2024 R. Zaidman 0.8 Reviewed second amended Plan as filed with the Bankruptcy Court. 11/11/2024 R. Zaidman 0.5 Reviewed declaration by Debtors' CRO as filed with the Bankruptcy Court in support of Plan confirmation. 11/12/2024 D. Galfus 0.8 Analyzed the second amended Plan. 11/13/2024 D. Galfus 0.7 Reviewed Plan documents. 11/13/2024 R. Zaidman 0.6 Reviewed revised filing by Debtors re: findings, facts, and conclusions of law for Debtors' Disclosure Statement and Plan. 11/13/2024 D. Galfus 0.3 Held call with K. Going, MWE re: case settlement. 11/14/2024 D. Galfus 0.8 Evaluated the Plan treatment of creditors. Task Code Total Hours 29.6 Total Hours 106.8 Berkeley Research Group, LLC Invoice for the 11/1/2024 - 11/14/2024 Period Page 8 of 8 Case 24-11217-BLS Doc 906-2 Filed 12/30/24 Page 8 of 8
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