Vyaire - BDO Sixth Monthly Fee App (November 2024)
- Date
- 2024-12-13
Summary
Doc 841-2, filed December 13, 2024 in the Chapter 11 cases of Vyaire Medical, Inc., et al., Case No. 24-11217-BLS, contains Exhibits A, B and C supporting BDO's sixth monthly fee application for November 1, 2024 through November 14, 2024. Exhibit A summarizes billing by project category (Fee Apps and Retention, Transfer Pricing and Tax Consulting) and by professional, for 70.6 hours and $48,652.80 in fees, reduced by a $10,000.00 voluntary discount to $38,652.80, at a blended rate of $547.49. Exhibit B states that there are no expenses for November 2024. Exhibit C gives itemized time records by date, including preparation of fee statement exhibits, review of Forms 8886 and 8918 requirements, stock basis research and tax workplan calls. The document is 5 pages.
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Case 24-11217-BLS Doc 841-2 Filed 12/13/24 Page 1 of 5
EXHIBIT A
SUMMARY OF BILLING BY PROJECT CATEGORY
NOVEMBER 1, 2024 THROUGH NOVEMBER 14, 2024
Project Category Monthly Hours Monthly Fees
Fee Apps and Retention 29.3 $15,722.40
Transfer Pricing 0.3 196.80
Tax Consulting 41.0 32,733.60
Sub-Total: 70.6 $48,652.80
Voluntary Discount: (10,000.00)1
TOTAL: 70.6 $38,652.80
SUMMARY OF BILLING BY PROFESSIONAL
NOVEMBER 1, 2024 THROUGH NOVEMBER 14, 2024
Professional Position Hours Hourly Rate Amount
Michael Masciangelo Principal, CTS 0.6 $1,150.00 $690.00
Doug Bekker Principal, NTO 0.7 1,150.00 805.00
Todd Simmens Principal, CTS 0.5 1,150.00 575.00
Rich Liebman Managing Director, NTO 13.1 1,008.00 13,204.80
Kevin Wilkes Principal, TAS 4.0 960.00 3,840.00
Randi Miller Managing Director, CTS 0.9 716.00 644.40
Sara Anderson Senior Manager, Transfer 0.3 656.00 196.80
Pricing
Alina Pierce Manager, TAS 16.6 640.00 10,624.00
John Gifford Senior Manager, ASC740 0.5 632.00 316.00
Hannah Hobson Experienced Senior, TAS 21.5 552.00 11,868.00
Melody Song Experienced Senior, TAS 8.5 552.00 4,692.00
Ryan Keating Senior, TAS 1.7 484.00 822.80
Jared Schierbaum Senior Associate, BRS 1.7 220.00 374.00
Sub-Total: 70.6 $48,652.80
Voluntary Discount: (10,000.00)2
70.6 $38,652.80
Blended Rate: $547.49
1
This voluntary discount of $10,000.00 is for administrative services.
2
This voluntary discount of $10,000.00 is for administrative services.
Case 24-11217-BLS Doc 841-2 Filed 12/13/24 Page 2 of 5
EXHIBIT B
VYAIRE MEDICAL, INC., ET AL.
SUMMARY OF BILLING BY EXPENSE CATEGORY
NOVEMBER 1, 2024 THROUGH NOVEMBER 14, 2024
There are No Expenses for November 2024
Case 24-11217-BLS Doc 841-2 Filed 12/13/24 Page 3 of 5
EXHIBIT C
VYAIRE MEDICAL, INC., ET AL.
ITEMIZED TIME RECORDS OF
NOVEMBER 1, 2024 THROUGH NOVEMBER 14, 2024
Case 24-11217-BLS Doc 841-2 Filed 12/13/24 Page 4 of 5
Exhibit C
Vyaire Medical, Inc.
RECAP OF PROFESSIONAL SERVICES
November 1, 2024 - November 14, 2024
Code Date Initials Description Hours Rate Amount
8 11/1/2024 HH Updated exhibits related to BDO's October 2024 fee statement. 1.0 $552.00 $552.00
8 11/1/2024 MS Prepared October fee application exhibit. 0.5 552.00 276.00
8 11/1/2024 JS Reviewed Court docket, downloaded, saved and forwarded filed copy of BDO's 1st Interim and 0.7 220.00 154.00
September 2024 Fee Applications to Team.
8 11/4/2024 KW Call with Randi Miller to discuss fee allocation. 0.4 960.00 384.00
8 11/4/2024 RM Call with Kevin W. to discuss fee allocation. 0.4 716.00 286.40
8 11/4/2024 HH Updated exhibits related to BDO's October 2024 fee statement. 2.1 552.00 1,159.20
8 11/4/2024 RK Updated exhibits related to BDO's October 2024 fee statement. 1.7 484.00 822.80
8 11/4/2024 MS Prepared October fee application exhibit. 0.4 552.00 220.80
8 11/5/2024 HH Updated exhibits related to BDO's October 2024 fee statement. 2.1 552.00 1,159.20
8 11/5/2024 MS Reviewed October fee application exhibit and fixed variance. 0.5 552.00 276.00
8 11/6/2024 MS Prepared October fee application exhibit. 1.0 552.00 552.00
8 11/6/2024 HH Updated exhibits related to BDO's October 2024 fee statement. 2.1 552.00 1,159.20
8 11/8/2024 MS Prepared October fee application exhibit. 2.3 552.00 1,269.60
8 11/8/2024 HH Updated exhibits related to BDO's October 2024 fee statement. 1.8 552.00 993.60
8 11/8/2024 JS Reviewed exhibits related to fee application. 1.0 220.00 220.00
8 11/11/2024 MS Prepared October fee application exhibit. 1.7 552.00 938.40
8 11/11/2024 HH Updated exhibits related to BDO's October 2024 fee statement. 1.9 552.00 1,048.80
8 11/12/2024 MS Reviewed October fee application exhibit. 0.2 552.00 110.40
8 11/12/2024 HH Updated exhibits related to BDO's October 2024 fee statement. 2.1 552.00 1,159.20
8 11/13/2024 MS Revised October fee application exhibit. 1.6 552.00 883.20
8 11/13/2024 HH Updated exhibits related to BDO's October 2024 fee statement. 1.4 552.00 772.80
8 11/14/2024 MS Completed and submitted October fee application exhibit for review. 0.3 552.00 165.60
8 11/14/2024 HH Updated exhibits related to BDO's October 2024 fee statement. 2.1 552.00 1,159.20
15 11/11/2024 SA Followed up regarding transfer pricing data. 0.3 656.00 196.80
16 11/1/2024 RL Call with D. Becker regarding protective Form 886. 0.3 1,008.00 302.40
16 11/1/2024 DB Call with R. Liebman regarding protective Form 886. 0.3 1,150.00 345.00
16 11/1/2024 RL Drafted a list of Forms 8886 needed and sent it to Alina P. 0.4 1,008.00 403.20
16 11/1/2024 RL Reviewed tax returns. 0.5 1,008.00 504.00
16 11/4/2024 AP Reviewed instructions to Forms 8886 and 8918. 0.6 640.00 384.00
16 11/4/2024 RL Reviewed work plan and revisions. 1.0 1,008.00 1,008.00
16 11/5/2024 AP Call with Rich L to review the Vyaire workplan. 1.5 640.00 960.00
16 11/5/2024 RL Call with Alina P. to review the Vyaire workplan. 1.5 1,008.00 1,512.00
16 11/5/2024 AP Call with Rich L to discuss Forms 8886 and 8918 requirements, and stock basis reduction for bad 1.1 640.00 704.00
debt deductions under sec. 1.1502-13(g).
16 11/5/2024 RL Call with Alina P to discuss Forms 8886 and 8918 requirements, and stock basis reduction for bad 1.1 1,008.00 1,108.80
debt deductions under sec. 1.1502-13(g).
16 11/5/2024 AP Researched obligations between members of a consolidated group under sections 1.1502-13 and 2.3 640.00 1,472.00
1.1502-32 to determine stock basis adjustments.
16 11/5/2024 RL Reviewed various e-mails and documents re Brazil withholding tax. 0.7 1,008.00 705.60
16 11/5/2024 RL Reviewed instructions for Form 8918. 0.3 1,008.00 302.40
16 11/5/2024 RL Reviewed sections 1.1502-13(g)(4) and 1.1502-32 as applied to Vyaire. 0.5 1,008.00 504.00
16 11/6/2024 AP Call with Rich L and Michael M to discuss the reportable loss transactions requirements. 0.6 640.00 384.00
16 11/6/2024 RL Call with Alina P and Michael M to discuss the reportable loss transactions requirements. 0.6 1,008.00 604.80
16 11/6/2024 MM Call with Alina P and Rich L to discuss the reportable loss transactions requirements. 0.6 1,150.00 690.00
16 11/6/2024 AP Call with Rich L and Doug B to review Vyaire stock basis rollforward. 0.4 640.00 256.00
16 11/6/2024 DB Call with Rich L and Alina P to review Vyaire stock basis rollforward. 0.4 1,150.00 460.00
16 11/6/2024 RL Call with Doug B. and Alina P to review Vyaire stock basis rollforward. 0.4 1,008.00 403.20
16 11/6/2024 AP Call with Hannah H to discuss Vyaire project outline. 0.9 640.00 576.00
16 11/6/2024 HH Call with Alina P to discuss Vyaire project outline. 0.9 552.00 496.80
16 11/6/2024 AP Researched reportable loss transactions requirements when CFC stock is being sold by another 1.2 640.00 768.00
16 11/6/2024 AP Updated the Vyaire workplan based on Rich L's review notes. 1.6 640.00 1,024.00
16 11/6/2024 RL Review revised work plan. 0.3 1,008.00 302.40
16 11/7/2024 AP Call with Kevin Wilkes, Rich Liebman, and James Talfourd-Cook - discussed I/C balance 1.1 640.00 704.00
resolution, next steps to compute basis, gain loss, GILTI income, other key tax steps and related
16 11/7/2024 KW workplan.
Call with Alina Pierce, Rich Liebman, and James Talfourd-Cook - discussed I/C balance 1.1 960.00 1,056.00
resolution, next steps to compute basis, gain loss, GILTI income, other key tax steps and related
16 11/7/2024 AP workplan.
Implemented changes to the workplan and delivered to Vyaire. 0.9 640.00 576.00
16 11/7/2024 HH Updated project outline and compiled files for documentation and delivery. 2.4 552.00 1,324.80
16 11/7/2024 JG Reviewed legal entity classification for entities included within sale perimeter. 0.5 632.00 316.00
16 11/8/2024 RL Call with Alina Pierce, Rich Liebman, and James Talfourd-Cook - discussed I/C balance 1.1 1,008.00 1,108.80
resolution, next steps to compute basis, gain loss, GILTI income, other key tax steps and related
16 11/8/2024 AP workplan.
Call with Rich L and Todd S to discuss filing requirements for Forms 8886 and 8918. 0.5 640.00 320.00
16 11/8/2024 RL Call with Alina P and Todd S to discuss filing requirements for Forms 8886 and 8918. 0.5 1,008.00 504.00
16 11/8/2024 TS Call with Rich L and Alina P to discuss filing requirements for Forms 8886 and 8918. 0.5 1,150.00 575.00
16 11/8/2024 RL Reviewed and sent response to James T-C regarding workplan. 0.2 1,008.00 201.60
16 11/8/2024 AP Updated project outline to incorporate the additional form filing requirements. 0.8 640.00 512.00
16 11/8/2024 HH Updated project outline and compiled files for documentation and delivery. 1.6 552.00 883.20
1
Case 24-11217-BLS Doc 841-2 Filed 12/13/24 Page 5 of 5
Exhibit C
Vyaire Medical, Inc.
RECAP OF PROFESSIONAL SERVICES
November 1, 2024 - November 14, 2024
Code Date Initials Description Hours Rate Amount
16 11/11/2024 AP Drafted response to James T-C regarding workplan. 0.2 640.00 128.00
16 11/12/2024 KW Call with Randi Miller and Rich Liebman - discussed bankruptcy and items to be reported on FY 0.5 960.00 480.00
2024 return, the potential for a 505(b) motion, and timing.
16 11/12/2024 RL Call with Randi Miller and Kevin Wilkes - discussed bankruptcy and items to be reported on FY 0.5 1,008.00 504.00
2024 return, the potential for a 505(b) motion, and timing.
16 11/12/2024 RM Call with Rich Liebman and Kevin Wilkes - discussed bankruptcy and items to be reported on FY 0.5 716.00 358.00
2024 return, the potential for a 505(b) motion, and timing.
16 11/12/2024 RL Drafted e-mail to K&E re tax return issues and remaining bankruptcy process 0.5 1,008.00 504.00
16 11/14/2024 AP Call with R. Liebman, K. Wilkes, J. Talfrourd-Cook re work plan, K&E call and other issues. 1.5 640.00 960.00
16 11/14/2024 AP Call with Kevin W. to discuss next steps. 0.5 640.00 320.00
16 11/14/2024 RL Call with A. Pierce, K. Wilkes, J. Talfrourd-Cook re work plan, K&E call and other issues. 1.5 1,008.00 1,512.00
16 11/14/2024 KW Call with A. Pierce, R. Liebman, J. Talfrourd-Cook re work plan, K&E call and other issues. 1.5 960.00 1,440.00
16 11/14/2024 KW Call with Alina P. to discuss next steps. 0.5 960.00 480.00
16 11/14/2024 AP Drafted emails regarding workplan and tax compliance issues; coordinated calls with various 0.9 640.00 576.00
16 11/14/2024 RL Reviewed various e-mails re work plan and agenda for Nov 15 call with K&E, Alix Partners, Cole 1.2 1,008.00 1,209.60
Shotz and Vyaire.
Sub-Total 70.6 $48,652.80
Voluntary Discount: -$10,000.00
TOTAL: 70.6 $38,652.80
SUMMARY BY PROFESSIONAL:
Initials Name Hours Rate Amount
MM Michael Masciangelo 0.6 $1,150.00 $690.00
DB Doug Bekker 0.7 1,150.00 805.00
TS Todd Simmens 0.5 1,150.00 575.00
RL Rich Liebman 13.1 1,008.00 13,204.80
KW Kevin Wilkes 4.0 960.00 3,840.00
RM Randi Miller 0.9 716.00 644.40
SA Sara Anderson 0.3 656.00 196.80
AP Alina Pierce 16.6 640.00 10,624.00
JG John Gifford 0.5 632.00 316.00
HH Hannah Hobson 21.5 552.00 11,868.00
MS Melody Song 8.5 552.00 4,692.00
RK Ryan Keating 1.7 484.00 822.80
JS Jared Schierbaum 1.7 220.00 374.00
Sub-Total 70.6 $48,652.80
Voluntary Discount: -$10,000.00
TOTAL: 70.6 $38,652.80
Blended Rate: $547.49
SUMMARY BY PROJECT CATEGORY:
Code Project Category Hours Amount
8 Fee Apps and Retention 29.3 15,722.40
15 Transfer Pricing 0.3 196.80
16 Tax Consulting 41.0 32,733.60
Sub-Total 70.6 $48,652.80
Voluntary Discount: -$10,000.00
TOTAL: 70.6 $38,652.80
2
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