Professionals have now submitted their fees for work in September on the Diamond Comic Distributors bankruptcy case, and they total around $700,000 ($698,130), a low month by recent standards. Fees in the case had topped $15 million (see “Fees in Diamond Case Top $15M“) as of the end of August, so this brings the total to around $15.7 million.
Top bill for September was from Diamond attorneys Saul Ewing LLP, who are handling the 31 adversary proceedings against consignment vendors, from whom Diamond is attempting to seize and sell inventory stored in the Olive Branch warehouse; the dispute with comic assets purchaser Sparkle Pop over their sale of consignment inventory; and other adversary proceedings. The firm billed $369,914 in fees and expenses.
The second largest September bill was from restructuring consultants Getzler Henrich & Associates LLC, who billed $255,940 in fees and expenses.
The Unsecured Creditor Committee’s attorneys Tydings & Rosenberg LLP and Lowenstein Sandler LLP and consultants Berkeley Research Group LLC billed $11,130, $50,602, and 10,544, respectively.
Diamond consignors recently asked the court to withhold fee payments to at least one firm representing Diamond so that creditors could be protected in the event Diamond is administratively insolvent and is unable to pay all post-petition claims (see “Diamond Consignors File“).
Source: ICv2
