EX-99.1 2 d258201dex991.htm MONTHLY OPERATING REPORT FILED WITH THE BANKRUPTCY COURT Monthly Operating Report filed with the Bankruptcy Court

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

 

In re:   Chapter 11 Case No.

Lehman Brothers Holdings Inc., et al.,

  08-13555

Debtors.

 

MONTHLY OPERATING REPORT

OCTOBER 2011

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

SCHEDULE OF PROFESSIONAL FEE AND EXPENSE DISBURSEMENTS

 

DEBTORS’ ADDRESS:

  

LEHMAN BROTHERS HOLDINGS INC.

c/o WILLIAM J. FOX

1271 AVENUE OF THE AMERICAS

35th FLOOR

NEW YORK, NY 10020

DEBTORS’ ATTORNEYS:

  

WEIL, GOTSHAL & MANGES LLP

c/o HARVEY R. MILLER

767 FIFTH AVENUE

NEW YORK, NY 10153

REPORT PREPARER:

   LEHMAN BROTHERS HOLDINGS INC., A DEBTOR IN POSSESSION (IN THE SOUTHERN DISTRICT OF NEW YORK)

THIS OPERATING STATEMENT MUST BE SIGNED BY A REPRESENTATIVE OF THE DEBTOR

The undersigned, having reviewed the attached report and being familiar with the Debtors’ financial affairs, verifies under penalty of perjury, that the information contained therein is complete, accurate and truthful to the best of my knowledge.

 

      Lehman Brothers Holdings Inc.

Date: November 22, 2011

    By:   /s/     William J. Fox
     

 

      William J. Fox
      Executive Vice President

Indicate if this is an amended statement by checking here:        AMENDED STATEMENT ¨


TABLE OF CONTENTS

 

Schedule of Debtors

     3   

Lehman Brothers Holdings Inc. (“LBHI”) and Other Debtors and Other Controlled Subsidiaries

  

Basis of Presentation — Schedule of Cash Receipts and Disbursements

     4   

Schedule of Cash Receipts and Disbursements

     5   

LBHI

  

Basis of Presentation – Schedule of Professional Fee and Expense Disbursements

     9   

Schedule of Professional Fee and Expense Disbursements

     10   

 

2


SCHEDULE OF DEBTORS

The following entities have filed for bankruptcy in the Southern District of New York:

 

     Case No.      Date Filed  

Lead Debtor:

     

Lehman Brothers Holdings Inc. (“LBHI”)

     08-13555         9/15/2008   

Related Debtors:

     

LB 745 LLC

     08-13600         9/16/2008   

PAMI Statler Arms LLC(1)

     08-13664         9/23/2008   

Lehman Brothers Commodity Services Inc. (“LBCS”)

     08-13885         10/3/2008   

Lehman Brothers Special Financing Inc. (“LBSF”)

     08-13888         10/3/2008   

Lehman Brothers OTC Derivatives Inc. (“LOTC”)

     08-13893         10/3/2008   

Lehman Brothers Derivative Products Inc. (“LBDP”)

     08-13899         10/5/2008   

Lehman Commercial Paper Inc. (“LCPI”)

     08-13900         10/5/2008   

Lehman Brothers Commercial Corporation (“LBCC”)

     08-13901         10/5/2008   

Lehman Brothers Financial Products Inc.(“LBFP”)

     08-13902         10/5/2008   

Lehman Scottish Finance L.P.

     08-13904         10/5/2008   

CES Aviation LLC

     08-13905         10/5/2008   

CES Aviation V LLC

     08-13906         10/5/2008   

CES Aviation IX LLC

     08-13907         10/5/2008   

East Dover Limited

     08-13908         10/5/2008   

Luxembourg Residential Properties Loan Finance S.a.r.l

     09-10108         1/7/2009   

BNC Mortgage LLC

     09-10137         1/9/2009   

LB Rose Ranch LLC

     09-10560         2/9/2009   

Structured Asset Securities Corporation

     09-10558         2/9/2009   

LB 2080 Kalakaua Owners LLC

     09-12516         4/23/2009   

Merit LLC

     09-17331         12/14/2009   

LB Somerset LLC

     09-17503         12/22/2009   

LB Preferred Somerset LLC

     09-17505         12/22/2009   

 

 

(1) On May 26, 2009, PAMI Statler Arms LLC filed a motion seeking entry of an order pursuant to Section 1112(b) of the Bankruptcy Code to dismiss its Chapter 11 Case, with a hearing to be held on June 24, 2009. On June 19, 2009, the motion was adjourned without a date for a continuation hearing.

The Chapter 11 cases of Fundo de Investimento Multimercado Credito Privado Navigator Investimento No Exterior (Case No: 08-13903) and Lehman Brothers Finance SA (Case No: 08-13887) have been dismissed.

 

3


LEHMAN BROTHERS HOLDINGS INC. (“LBHI”) AND OTHER DEBTORS AND OTHER

CONTROLLED ENTITIES

BASIS OF PRESENTATION

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

OCTOBER 1, 2011 TO OCTOBER 31, 2011

The information and data included in this Monthly Operating Report (“MOR”) are derived from sources available to Lehman Brothers Holdings Inc. (“LBHI”) and its Controlled Entities (collectively, the “Company”). The term “Controlled Entities” refers to those entities that are directly controlled by LBHI, including LAMCO LLC (“LAMCO”), and excludes, among others, those entities that are under separate administrations in the United States or abroad, including Lehman Brothers Inc., which is the subject of proceedings under the Securities Investor Protection Act, and Aurora Bank and Woodlands Commercial Bank, which are indirectly controlled by LBHI. LBHI and certain of its Controlled Entities have filed for protection under Chapter 11 of the Bankruptcy Code, and those entities are referred to herein as the “Debtors”. The Debtors’ Chapter 11 cases have been consolidated for procedural purposes only and are being jointly administered pursuant to Rule 1015(b) of the Federal Rules of Bankruptcy Procedure. The Debtors have prepared this MOR, as required by the Office of the United States Trustee, based on the information available to the Debtors at this time, but note that such information may be incomplete and may be materially deficient in certain respects. This MOR is not meant to be relied upon as a complete description of the Debtors, their business, condition (financial or otherwise), results of operations, prospects, assets or liabilities. The Debtors reserve all rights to revise this report.

 

  1. This MOR is not prepared in accordance with U.S. generally accepted accounting principles (GAAP). This MOR should be read in conjunction with the financial statements and accompanying notes in the Company’s reports that were filed with the United States Securities and Exchange Commission.

 

  2. This MOR is not audited and will not be subject to audit or review by the Company’s external auditors at any time in the future.

 

  3. Beginning and ending balances include cash in demand-deposit accounts (DDA), money-market funds (MMF), treasury bills and other investments.

 

  4. Beginning and ending cash balances are based on preliminary closing numbers and are subject to adjustment.

 

  5. Beginning and ending cash and investment balances exclude the following:

 

   

Cash posted as collateral for hedging activity;

 

   

Cash related to LBHI’s wholly-owned indirect subsidiaries Aurora Bank FSB and Woodlands Commercial Bank;

 

   

Cash held at real estate owned properties;

 

   

Cash transferred on or prior to September 15, 2008 by the Company in connection with certain requests by, and documents executed by, the Company and Citigroup Inc. and HSBC Bank PLC, currently recorded at $2 billion and $87 million, respectively; and

 

   

Approximately $500 million which was seized by Bank of America (“BOA”) to offset derivative claims against certain Debtors and corresponding guarantee claims against LBHI. On October 19, 2011, the Bankruptcy Court approved a settlement agreement with BOA which provides for, among other things, BOA to release approximately $356 million of these seized funds to LBHI within 10 days of any initial plan distribution to BOA from any Debtor. BOA may set off the remaining amount of seized funds, approximately $145 million, against its claims against LBHI.

 

  6. Restricted cash balances are based on preliminary estimates of cash in co-mingled or segregated accounts associated with pledged assets, court ordered segregated accounts, funds administratively held by banks and other identified funds which may not belong to the Debtors or other Controlled Entities.

 

4


LEHMAN BROTHERS HOLDINGS INC. and Other Debtors and Other Controlled Entities

Summary Schedule of Cash Receipts and Disbursements

October 1, 2011 - October 31, 2011

Unaudited ($ in millions, foreign currencies reflected in USD equivalents)

 

     Debtors    

 

Other Controlled Entities

     Total Debtors
and Other
Controlled
Entities
 
     LBHI     LBSF     LCPI     Other     Total     LAMCO     LB1 Grp     PAMI     Other     Total     

Beginning Free Cash and Investments (10/1/11)

   $ 2,248      $ 9,017      $ 3,969      $ 3,676      $ 18,911      $ 13      $ 1,489      $ 2      $ 2,557      $ 4,061       $ 22,972   

Restricted Cash

     1,977        683        46        52        2,758                             8        8         2,765   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Beginning Total Cash and Investments

     4,225        9,700        4,015        3,729        21,668        13        1,489        2        2,565        4,069         25,737   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Sources of Cash

                       

Derivatives

     5        97               1        103                                            103   

Loans

     6        0        28               35                                            35   

Private Equity / Principal Investing

     88               1               89               24        3        1        27         116   

Real Estate

     253               95               348                      48        14        63         411   

Other

     522        101        50        5        678               1               1        2         679   

Asia / South America

                                                             49        49         49   

Inter-Company Transfers

     58               1        0        59                      1        107        108         167   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Total Sources of Cash

     932        197        175        6        1,311               24        52        172        248         1,560   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Uses of Cash

                       

Non-Operating (Principally Preservation of Assets)

                       

Derivatives

            (61                   (61                                         (61

Loans

                   (16            (16                                         (16

Private Equity / Principal Investing

     (0                          (0            (7                   (7      (7

Real Estate

     (21            (98            (118            (0            (2     (2      (121

Other

     (184     (70     (49     (1     (304            (1            (16     (17      (320

Operating

     (46     (1     (1            (47     (7                   (2     (9      (56

Asia / South America

                                                             (214     (214      (214

Inter-Company Transfers

     (55     (0     (50            (106            (2     (54     (5     (61      (167
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Total Uses of Cash

     (306     (132     (214     (1     (652     (7     (10     (54     (239     (310      (962
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Net Cash Flow

     627        66        (39     6        660        (7     14        (1     (68     (62      598   

FX Fluctuation

     5        1        1               6                             10        10         16   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Ending Total Cash and Investments

     4,857        9,766        3,977        3,734        22,334        6        1,503        1        2,507        4,017         26,351   

Restricted Cash

     (1,947     (683     (47     (52     (2,729                          (26     (26      (2,755
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Ending Free Cash and Investments (10/31/11)

   $ 2,910      $ 9,083      $ 3,931      $ 3,682      $ 19,606      $ 6      $ 1,503      $ 1      $ 2,481      $ 3,991       $ 23,596   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

All values that are exactly zero are shown as “—”. Values between zero and $0.5 million appear as “0”.

Totals may not foot due to rounding.

 

5


LEHMAN BROTHERS HOLDINGS INC. and Other Debtors and Other Controlled Entities

Schedule of Cash Receipts and Disbursements

October 1, 2011 - October 31, 2011

Unaudited ($ in millions, foreign currencies reflected in USD equivalents)

 

      Debtors      Other Controlled Entities     

Total Debtors

and Other

Controlled

 
  LBHI      LBSF      LCPI      Other      Total      LAMCO      LB1 Grp      PAMI      Other      Total      Entities  

Beginning Free Cash and Investments (10/1/11)

     (a   $ 2,248       $ 9,017       $ 3,969       $ 3,676       $ 18,911       $ 13       $ 1,489       $ 2       $ 2,557       $ 4,061       $ 22,972   

Restricted Cash

       1,977         683         46         52         2,758                                 8         8         2,765   
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Beginning Total Cash and Investments

     (a     4,225         9,700         4,015         3,729         21,668         13         1,489         2         2,565         4,069         25,737   
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Sources of Cash

                                  

Derivatives

                                  

Collections from Live / Terminated Trades

     (b             97                 1         98                                                 98   

Other

       5                                 5                                                 5   

Loans

                                  

Agency Receipts

     (c                     13                 13                                                 13   

Principal

       4         0         11                 15                                                 15   

Interest

       2                 4                 7                                                 7   

Private Equity / Principal Investing

                                  

Principal

     (d     88                 0                 88                 24         3         1         27         115   

Interest

       0                 0                 1                                                 1   

Real Estate

                                  

Principal

     (e     250                 91                 341                         48         11         59         400   

Interest

       3                 4                 7                                 3         3         11   

Other

                                  

Compensation and Benefits Reimbursements

       0                                 0                                                 0   

Interest

     (f     1         3         2         1         7                 1                 0         1         8   

Return of Hedging Collateral

     (g     17         97         48         4         166                                                 166   

Structured Notes

     (h     234                                 234                                                 234   

Other

     (i     269                         0         269                                 1         1         270   

Asia / South America

                                                                       49         49         49   

Inter-Company Transfers

       58                 1         0         59                         1         107         108         167   
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Sources of Cash

       932         197         175         6         1,311                 24         52         172         248         1,560   
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

All values that are exactly zero are shown as “-”. Values between zero and $0.5 million appear as “0”.

Totals may not foot due to rounding.

 

6


LEHMAN BROTHERS HOLDINGS INC. and Other Debtors and Other Controlled Entities

Schedule of Cash Receipts and Disbursements

October 1, 2011 - October 31, 2011

Unaudited ($ in millions, foreign currencies reflected in USD equivalents)

 

      Debtors     Other Controlled Entities     

Total Debtors

and Other

Controlled

 
  LBHI     LBSF     LCPI     Other     Total     LAMCO     LB1 Grp     PAMI     Other      Total      Entities  

Uses of Cash

                          

Non-Operating (Principally Preservation of Assets)

                          

Derivatives

                          

Payments on Live Trades

              (2                   (2                                          (2

Other

     (j            (59                   (59                                          (59

Loans

                          

Agency Disbursements

     (c                   (13            (13                                          (13

Other

                     (3            (3                                          (3

Private Equity / Principal Investing

                          

Capital Calls

       (0                          (0            (7                    (7      (7

Real Estate

                          

Preservation of Assets

     (k     (21            (98            (118            (0            (2      (2      (121

Other

                          

Hedging Collateral

     (l     (10     (63     (48            (121                                          (121

Other

     (m     (175     (7     (1     (1     (183            (1            (16      (17      (199

Operating

     (n                        

Compensation and Benefits

     (o     (11                          (11     (4                   (1      (5      (16

Professional Fees

       (28            (1            (29     (0                   (0      (0      (30

Other

     (p     (6     (1     (0            (7     (2                   (1      (3      (10

Asia / South America

                                                               (214      (214      (214

Inter-Company Transfers

       (55     (0     (50            (106            (2     (54     (5      (61      (167
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Total Uses of Cash

       (306     (132     (214     (1     (652     (7     (10     (54     (239      (310      (962
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Net Cash Flow

       627        66        (39     6        660        (7     14        (1     (68      (62      598   

FX Fluctuation

     (q     5        1        1               6                             10         10         16   
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Ending Total Cash and Investments

       4,857        9,766        3,977        3,734        22,334        6        1,503        1        2,507         4,017         26,351   

Restricted Cash

       (1,947     (683     (47     (52     (2,729                          (26      (26      (2,755
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Ending Free Cash and Investments (10/31/11)

     $ 2,910      $ 9,083      $ 3,931      $ 3,682      $ 19,606      $ 6      $ 1,503      $ 1      $ 2,481       $ 3,991       $ 23,596   
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

All values that are exactly zero are shown as “-”. Values between zero and $0.5 million appear as “0”.

Totals may not foot due to rounding.

 

7


LEHMAN BROTHERS HOLDINGS INC. and Other Debtors and Other Controlled Entities

Schedule of Cash Receipts and Disbursements

October 1, 2011 - October 31, 2011

Unaudited ($ in millions, foreign currencies reflected in USD equivalents)

 

Notes:

 

  (a) Beginning Cash and Investments for PAMI and Other (under the Other Controlled Entities section) changed from Ending Cash and Investments in the September 2011 Schedule of Cash Receipts and Disbursements because PAMI’s sources and uses of cash in the September 2011 schedule were inadvertently included in Other. Total cash and investments have not changed. The allocation of cash and investments between PAMI and Other are the only items that changed.

 

  (b) Other Debtors reflects $0.7 million for LBCS and $0.5 million for LBFP.

 

  (c) Reflects the collection and subsequent distribution of principal and interest to syndicated loan participants.

 

  (d) Primarily reflects redemptions from LP investment stakes.

 

  (e) Primarily reflects proceeds from the sale of 1107 Broadway and 200 Fifth Avenue (LBHI and PAMI), a $49 million receipt on the Archstone revolver (LCPI), and paydowns on various other commercial real estate loans to various entities.

 

  (f) Reflects interest collected on cash investments.

 

  (g) Reflects the gross return of cash collateral posted to hedge foreign currency and interest rate risk.

 

  (h) Reflects receipts for principal and interest from the Spruce and Verano trustees.

 

  (i) Primarily reflects $137 million in pre-petition cash collateral released by HSBC and a $117 million receipt on a forward contract associated with foreign currency hedging.

 

  (j) Reflects the purchase of SPV notes to facilitate the unwinding of derivative contracts.

 

  (k) Primarily reflects a $68 million disbursement to purchase the Prologis loan from State Street per a court order and a $26 million advance on the Archstone revolver (LCPI).

 

  (l) Reflects cash collateral posted to hedge foreign currency and interest rate risk.

 

  (m) Primarily reflects a $119 million disbursement on a forward contract associated with foreign currency hedging and $42 million in disbursements for post-petition misdirected wires.

 

  (n) A portion of the Operating costs for LBHI and LAMCO will be subject to future cost allocation to various Lehman legal entities.

 

  (o) Compensation and Benefits includes Lehman employees as well as fees paid to Alvarez & Marsal as interim management.

 

  (p) Primarily reflects expenses related to occupancy, taxes, insurance and infrastructure costs.

 

  (q) Reflects fluctuation in value of foreign currency bank accounts.

 

8


LEHMAN BROTHERS HOLDINGS INC. (“LBHI”) AND OTHER DEBTORS AND OTHER

CONTROLLED ENTITIES

BASIS OF PRESENTATION

SCHEDULE OF PROFESSIONAL FEE AND EXPENSE DISBURSEMENTS

DATED FROM SEPTEMBER 15, 2008 TO OCTOBER 31, 2011

The information and data included in this Monthly Operating Report (“MOR”) are derived from sources available to Lehman Brothers Holdings Inc. (“LBHI”) and its Controlled Entities (collectively, the “Company”). The term “Controlled Entities” refers to those entities that are directly or indirectly controlled by LBHI, including LAMCO LLC (“LAMCO”), and excludes, among others, those entities that are under separate administrations in the United States or abroad, including Lehman Brothers Inc., which is the subject of proceedings under the Securities Investor Protection Act, and Aurora Bank and Woodlands Commercial Bank, which are indirectly controlled by LBHI. LBHI and certain of its Controlled Entities have filed for protection under Chapter 11 of the Bankruptcy Code, and those entities are referred to herein as the “Debtors”. The Debtors’ Chapter 11 cases have been consolidated for procedural purposes only and are being jointly administered pursuant to Rule 1015(b) of the Federal Rules of Bankruptcy Procedure. The Debtors have prepared this MOR, as required by the Office of the United States Trustee, based on the information available to the Debtors at this time, but note that such information may be incomplete and may be materially deficient in certain respects. This MOR is not meant to be relied upon as a complete description of the Debtors, their business, condition (financial or otherwise), results of operations, prospects, assets or liabilities. The Debtors reserve all rights to revise this report.

 

  1. This MOR is not prepared in accordance with U.S. generally accepted accounting principles (GAAP). This MOR should be read in conjunction with the financial statements and accompanying notes in the Company’s reports that were filed with the United States Securities and Exchange Commission.

 

  2. This MOR is not audited and will not be subject to audit or review by the Company’s external auditors at any time in the future.

 

  3. The professional fee disbursements presented in this report reflect the date of actual cash payments to professional service providers. The Debtors have incurred additional professional fee expenses during the reporting period that will be reflected in future MORs as cash payments are made to providers.

 

  4. The professional fee disbursements presented in this report have been paid by LBHI; however, a portion will be charged back to debtor and non-debtor subsidiaries based on the direct costs associated with each entity and an allocation methodology. The professional fees exclude services rendered on behalf of non-debtor entities which are invoiced separately.

 

  5. Ordinary Course Professionals are being paid in compliance with the “Amended Order Authorizing the Debtors to Employ Professionals Utilized in the Ordinary Course of Business” (the “Amended OCP Order”). Should a professional or firm exceed specified thresholds in the Amended OCP Order, then they must file a retention application with the Court and receive payment in compliance with subsequent amended orders establishing procedures for interim monthly compensation and reimbursement of expenses of professionals.

 

9


LEHMAN BROTHERS HOLDINGS INC. and Other Debtors and Other Controlled Entities

Schedule of Professional Fee and Expense Disbursements

October 2011

Unaudited ($ in thousands)

 

 

  October-2011     Sept-2008
Through
Oct-2011
 

Debtors - Claims and Noticing Agent

      

Epiq Bankruptcy Solutions LLC

   Claims Management and Noticing Agent   $ —        $ 15,068   

Debtors - Section 363 Professionals

      

Alvarez & Marsal LLC

   Interim Management     9,345        487,593   

Kelly Matthew Wright

   Art Consultant and Auctioneer     —          91   

Natixis Capital Markets Inc.

   Derivatives Consultant     —          14,590   

Debtors - Section 327 Professionals

      

Bingham McCutchen LLP

   Special Counsel - Tax     —          19,635   

Bortstein Legal LLC

   Special Counsel - IT and Other Vendor Contracts     12        4,002   

Clyde Click, P.C.

   Special Counsel - Real Estate     18        213   

Curtis, Mallet-Prevost, Colt & Mosle LLP

   Special Counsel - Conflicts     2,965        35,990   

Dechert LLP

   Special Counsel - Real Estate     367        3,923   

Deloitte LLP

   Tax Services     —          244   

Discover Ready LLC

   eDiscovery Services     94        14,125   

Ernst & Young LLP

   Audit and Tax Services     —          1,606   

Foster, Graham, Milstein & Calisher, LLP

   Special Counsel - Mortgage Litigation and Claims     282        282   

Gibson Dunn & Crutcher LLP

   Special Counsel - Real Estate     102        2,804   

Hudson Global Resources

   Contract Attorneys     255        11,268   

Huron Consulting

   Tax Services     —          2,145   

Jones Day

   Special Counsel - Asia and Domestic Litigation     591        57,851   

Kasowitz, Benson, Torres & Friedman

   Special Counsel - Litigation     217        1,726   

Kleyr Grasso Associes

   Special Counsel - UK     221        849   

Kramer Levin Naftalis and Frankel LLP

   Special Counsel - Employee Matters     20        142   

Latham & Watkins LLP

   Special Counsel - Real Estate     9        551   

Lazard Freres & Co.

   Investment Banking Advisor     —          30,310   

Locke Lord Bissell & Liddell LLP

   Special Counsel - Mortgage Litigation and Claims     57        1,225   

McKenna Long & Aldridge LLP

   Special Counsel - Commercial Real Estate Lending     20        5,556   

MMOR Consulting

   Tax Services     35        606   

Momo-o, Matsuo & Namba

   Special Counsel - Asia     13        386   

Moulton Bellingham P. C.

   Special Counsel - Mortgage Litigation and Claims     256        256   

O’Neil Group

   Tax Services     205        2,334   

Pachulski Stang Ziehl & Jones

   Special Counsel - Real Estate     —          2,276   

Paul, Hastings, Janofsky & Walker LLP

   Special Counsel - Real Estate     —          2,266   

Pricewaterhouse Coopers LLP

   Tax Services     —          1,871   

Reed Smith LLP

   Special Counsel - Insurance     140        879   

Reilly Pozner LLP

   Special Counsel - Mortgage Litigation and Claims     316        7,609   

Simpson Thacher & Bartlett LLP

   Special Counsel -SEC Reporting, Asset Sales, and Congressional Testimony     —          2,639   

SNR Denton LLP

   Special Counsel - Real Estate     114        1,581   

Sutherland LLP

   Special Counsel - Tax     —          647   

Weil Gotshal & Manges LLP

   Lead Counsel     15,332 (a)      358,649   

Windels Marx Lane & Mittendorf, LLP

   Special Counsel - Real Estate     85        2,933   

Wollmuth Maher & Deutsch LLP

   Special Counsel - Derivatives     75        1,236   

Creditors - Section 327 Professionals

      

FTI Consulting Inc.

   Financial Advisor     1,792        74,443   

Houlihan Lokey Howard & Zukin Capital Inc.

   Investment Banking Advisor     329        13,789   

Milbank Tweed Hadley & McCloy LLP

   Lead Counsel     2,948        117,625   

Quinn Emanuel Urquhart Oliver & Hedges LLP

   Special Counsel - Conflicts     —          23,324   

Richard Sheldon, Q.C.

   Special Counsel - UK     —          312   

Examiner - Section 327 Professionals

      

Duff & Phelps LLC

   Financial Advisor     —          42,502   

Jenner & Block LLP

   Examiner     2        58,439   

Fee Examiner

      

Godfrey & Kahn, S.C.

   Fee Examiner (Current)     264        2,385   

Feinberg Rozen LLP

   Fee Examiner (Previous)     —          3,158   

Brown Greer Plc

   Fee and Expense Analyst     89        779   

 

 

 

 

   

 

 

 

Total Non-Ordinary Course Professionals

       36,570        1,434,712   

 

 

 

 

   

 

 

 

Debtors - Ordinary Course Professionals

       485        43,524   

 

 

 

 

   

 

 

 

US Trustee Quarterly Fees

       135        1,613   

 

 

 

 

   

 

 

 

Total Professional Fees and UST Fees

     $ 37,191      $ 1,479,849   

 

 

 

 

   

 

 

 

 

(a) Includes the disbursement of the remaining holdback from the period of June, 2010 through September, 2010 of $8.1 million.

 

10