Posted in : Comics , Conventions , Current News , Events| Tagged : bankruptcy , diamond
Diamond Comics bankruptcy lawyers claimed over $ 17,000 in expenses and fees to go to New York Toy Fair this twelvemonth
It ’s a hard life being a failure lawyer . But there are recompense . As part of the currentDiamond Comic Distributors Chapter 11 bankruptcy proceeding , all lawyers and legal firms have been hired for one part of the transactions or another . Lowenstein Sandler , Centennial State - counselor-at-law to the Official Committee of Unsecured Creditors , is bill half a million a month , at around $ 1000 an minute . TheBerkeley Research Group , authorised to provide professional services to the Official Committee of Unsecured Creditors , are billing almost $ 800,000 . WhileTydings & Rosenberg , as local advocate to the Official Committee of Unsecured Creditors , charged a much smaller $ 120,000 . And for their second monthly staffing and compensation report ofGetzler Henrich & Associates , to " provide professional services to debtors and debtors in possession " was half a million for the month of March .
We base a few highlight poring through the many line entranceway . We already look at the cost strictly in charge termsof theDennis Bargerpodcastor the revelationsabout cease - and - desistletters . But what of the cost of attending the New York Toy Fair held from the 1st to the 4th of March at the Javits Centre ? Here are some arrogate disbursal and billable hours filed for .
It ’s good to make love that attorney believe the Javitz Center should be spelt with a Z as well . Then there was food when you were there .
And then what you actually come to the show to do , how many hours you spent doing it and what you charged …
That ’s a total of $ 17,189.72 for two lawyer to go to the New York Toy Fair . Thankfully , they did n’t hear to claim for picking up some jellycats .
But the costs involve are usurious . There are one C of dollars billed each time for reading e - mails or looking at an office calendar . Non - working locomotion , such as fourth dimension spend by Lowenstein Sandler travelling to the auction and to hearings on behalf of the Committee , is only bill at half price , at around $ 10,000.Just researching whoDiamond’sformer owner , Steve Geppi , is was bill at $ 5000 , andWilliam Henrichbilled a further $ 684 to discuss a Steve Geppi / JP Morgan Chase investigation . The details of which we may never know .
Gianfranco Finiziobillerbilled for an Uber drive from theDiamond Comicsbankruptcy auction atRaymond JamesinNew York Cityto his home plate inLong Island , tally $ 225 , because it finished so latterly . This is a point we did n’t know but do now . Michael T. Papandreabilled $ 110 for parking to take care the auction bridge atRaymond James . The said Ramy Aly instead chose a $ 494.79 hotel for the auction and a $ 668Amtrakround - trip .
Robert Gorinbooked repeat flights back and off fromFloridatoBaltimorefor a G each path , but only $ 209 on a string from New York to Baltimore . Waleed Alygot a railroad train to work for $ 278 but saved a lot on the auction bridge with a $ 49 round - trip ferry Ticket . He did get a $ 6 breakfast at company headquarters and $ 4 for late - night work and prep water / snacks . But may have potentially sent out for pizzas , as he claimed $ 122.89 for food for thought during the auction bridge . Well , it did run late . And then Robert Gorin splashed out $ 176.80 for breakfast withB. Henrich , J. Hampton , A. Isenberg , M. Minuti , P. Topper , and himself and is now lay claim it back .
Robert Gorin charged $ 981.50 for a call with Steve Geppi about the interest or participation of a potential bidder for Diamond Select Toys and other company assets . And another $ 981.50 for an update on the caller sales event process and employee take . And other billed events just evoke a back country of complexness in this lawsuit .
Then there was $ 172 turn on to review proportionateness from an concerned political party regarding UK assets.$258 to review and analyse Diamond UK disposal scenarios.$2310 for a report of the Disney License Agreement and case decisions regarding the assignability of intellectual prop agreements in bankruptcy . And more to comport a search of the Copyright Office registration database regarding multiple potential right of first publication holders and address right of first publication interrogative sentence . What copyright question ? What multiple holders ?
Then at the last of March , $ 528.50 to talk about the top bidder ’s planned group meeting with laughable book retailers to talk over future plans , including a call with Diamond management regarding interactions with retail merchant . Basically … not going on any podcasts .
It gets to seven - number centre very promptly , does it not ? Imagine if , instead , they had just sent $ 20,000 to a hundred publishers or vender owe that amount by Diamond alternatively of on lawyers …
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