Case 22-11068-JTD Doc 2506 Filed 09/13/23 Page 1 of 3
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
In re: Chapter 11
FTX TRADING LTD., et al., 1 Case No. 22-11068 (JTD)
Debtors. (Jointly Administered)
Ref. Nos. 1642, 1644, 1645, 1647, 1648, 1649,
1650, 1651, 1652, 1653 & 2468
SECOND OMNIBUS ORDER APPROVING INTERIM FEE APPLICATIONS
OF THE DEBTORS’ AND COMMITTEE’S PROFESSIONALS
Upon consideration of the interim fee applications of the professionals retained by the
above captioned debtors and debtors-in-possession (collectively, the “Debtors”) and the Official
Committee of Unsecured Creditors (the “Committee”) in the above-captioned chapter 11 cases
(collectively, the “Professionals”), 2 a list of which is attached hereto as Exhibit 1 (collectively,
1F
the “Fee Applications”), for allowance of compensation and reimbursement of expenses for the
period set forth on each of the Fee Applications filed pursuant to the Order Establishing
Procedures for Interim Compensation and Reimbursement of Expenses of Professionals
[D.I. 435] and the Order (I) Appointing Fee Examiner and (II) Establishing Procedures for
Consideration of Requested Fee Compensation and Reimbursement of Expenses [D.I. 834]; and
upon the Fee Examiner’s Summary Report on Fee Review Process and Second Interim Fee
Applications Scheduled for Uncontested Hearing on September 13, 2023 [D.I. 2427]; and it
appearing to the Court that all of the requirements, as applicable, of sections 327, 328, 330, 331
1
The last four digits of FTX Trading Ltd.’s and Alameda Research LLC’s tax identification number are 3288 and
4063 respectively. Due to the large number of debtor entities in these Chapter 11 Cases, a complete list of the
Debtors and the last four digits of their federal tax identification numbers is not provided herein. A complete
list of such information may be obtained on the website of the Debtors’ claims and noticing agent at
https://cases.ra.kroll.com/FTX. The principal place of business of Debtor Emergent Fidelity Technologies Ltd is
Unit 3B, Bryson’s Commercial Complex, Friars Hill Road, St. John’s, Antigua and Barbuda.
2
Terms utilized but not otherwise defined herein shall have the meanings ascribed to them in the Fee
Applications.
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Case 22-11068-JTD Doc 2506 Filed 09/13/23 Page 2 of 3
and 503(b) of title 11 of the United States Code (as amended or modified, the “Bankruptcy
Code”), as well as rule 2016 of the Federal Rules of Bankruptcy Procedure and rule 2016-2 of
the Local Rules of Bankruptcy Practice and Procedure of the United States Bankruptcy Court for
the District of Delaware, have been satisfied; and it further appearing that the expenses incurred
were reasonable and necessary; and that notices of the Fee Applications were appropriate; and
after due deliberation and sufficient good cause appearing therefor;
IT IS HEREBY ORDERED THAT:
1. The Fee Applications are hereby APPROVED in the amounts set forth on
Exhibit 1 attached hereto.
2. The Fee Applications are granted on an interim basis in the respective
amounts set forth as approved on Exhibit 1 hereto, including any and all holdbacks.
3. The Debtors are authorized to remit payment to each of the Professionals
in the amounts set forth on Exhibit 1, less any monies previously paid on account of such fees
and expenses.
4. All fees and expenses allowed herein shall be subject to final allowance by
the Court without regard to whether such amounts have been paid to the Professionals.
5. This Order shall be deemed a separate order with respect to each of the
Fee Applications. Any stay of this Order pending appeal with respect to any one of the
Professionals shall only apply to the particular Professional that is subject to such appeal and
shall not operate to stay the applicability and/or finality of this Order with respect to any other of
the Professionals.
{1368.002-W0072260.3} 2
Case 22-11068-JTD Doc 2506 Filed 09/13/23 Page 3 of 3
6. This Court shall retain jurisdiction to hear and determine any and all
matters arising from or related to the interpretation or implementation of this Order.
Dated: September 13th, 2023 JOHN T. DORSEY
Wilmington, Delaware UNITED STATES BANKRUPTCY JUDGE
3
Case 22-11068-JTD Doc 2506-1 Filed 09/13/23 Page 1 of 3
E[KLELW 1
{1368.002-W0072260.3}
FTX TRADING LTD., ET AL.
Case No. 22-11068 (JTD)
Summary Chart of Interim Fee Applications
Fee Examiner’s
Interim Compensation Fee Examiner’s Interim Interim
Professional Interim Recommended Interim Fees
Period & Interim Fee Recommended Fee Expenses Expenses
& Role in Case Fees Requested Expense Approved
Application Adjustments Requested Approved
Adjustments
Sullivan & Cromwell LLP 2/1/23 – 4/30/23
Counsel to the Debtors and Debtors-In- Possession D.I. 1647 $37,492,869.60 $550,000.00 $184,400.94 $0.00 1 $36,942,869.60 $0.00
Filed 6/15/23
Perella Weinberg Partners LP 2 2/1/23 – 4/30/23
Case 22-11068-JTD
Investment Banker to the Debtors and Debtors-In- D.I. 1642 $6,131,250.00 N/A $117,844.15 N/A $6,131,250.00 $117,844.15
Possession Filed 6/15/23
Alvarez & Marsal North America LLC 2/1/23 – 4/30/23
Financial Advisors to the Debtors and Debtors-In- D.I. 1645 $35,911,779.00 $385,000.00 $1,103,726.94 $53.46 $35,526,779.00 $1,103,673.48
Possession Filed 6/15/23
Doc 2506-1
AlixPartners, LLP 2/1/23 – 4/30/23
Forensic Investigation Consultant to the Chapter D.I. 1644 $12,298,421.00 $210,000.00 $121,201.07 $15,000.00 $12,088,421.00 $106,201.07
11 Debtors and Debtors-In-Possession Filed 6/15/23
Quinn Emanuel Urquhart & Sullivan, LLP 2/1/23 – 4/30/23
Special Counsel to the Debtors and Debtors-In- D.I. 1648 $8,256,186.00 $145,000.00 $8,994.69 $4,818.56 $8,111,186.00 $4,176.13
Possession Filed 6/15/23
Filed 09/13/23
Page 2 of 3
1
Pursuant to the Fee Examiner’s Summary Report on Fee Review Process and Second Interim Fee Applications Scheduled for Uncontested Hearing on September 13, 2023 [D.I. 2427], the Fee Examiner has agreed to defer
consideration of Sullivan & Cromwell’s second interim expenses subject to the production of additional supporting documentation.
2
Pursuant to paragraph 3(iv) of the Fee Examiner Order, flat-fee professionals are not subject to Fee Examiner review and, as such, Perella Weinberg Partners LP’s fees and expenses were not subject to review by the Fee Examiner.
{1368.002-W0072261.6}
FTX TRADING LTD., ET AL.
Case No. 22-11068 (JTD)
Summary Chart of Interim Fee Applications
Fee Examiner’s
Interim Compensation Fee Examiner’s Interim Interim
Professional Interim Recommended Interim Fees
Period & Interim Fee Recommended Fee Expenses Expenses
& Role in Case Fees Requested Expense Approved
Application Adjustments Requested Approved
Adjustments
Paul Hastings LLP 2/1/23 – 4/30/23
Lead Counsel for the Official Committee of D.I. 1649, 1650
$8,857,029.00 $33,980.69 $90,996.65 $900.50 $8,823,048.31 $90,096.15
Unsecured Creditors Filed 6/15/23
Case 22-11068-JTD
Young Conaway Stargatt & Taylor, LLP 2/1/23 – 4/30/23
Co-Counsel for the Official Committee of D.I. 1649, 1651
$584,523.00 $6,387.15 $4,320.14 $1,103.69 $578,135.85 $3,216.45
Unsecured Creditors Filed 6/15/23
FTI Consulting, Inc. 2/1/23 – 4/30/23
Financial Advisor to the Official Committee of D.I. 1649, 1653
$8,188,298.40 $163,069.83 $8,403.77 $543.77 $8,025,228.57 $7,860.00
Unsecured Creditors Filed 6/15/23
Doc 2506-1
Jefferies LLC3 2/1/23 – 4/30/23
Investment Banker for the Official Committee of D.I. 1649, 1652
$675,000.00 N/A $41,196.39 N/A $675,000.00 $41,196.39
Unsecured Creditors Filed 6/15/23
Filed 09/13/23
Page 3 of 3
3
Pursuant to paragraph 3(iv) of the Fee Examiner Order, flat-fee professionals are not subject to Fee Examiner review and, as such, Jefferies LLC’s fees and expenses were not subject to review by the Fee Examiner.
{1368.002-W0072261.6}
