PLEASE TAKE NOTICE, that pursuant to the Order Pursuant to Sections 105(a) and 331

Transcription

1 AKIN GUMP STRAUSS HAUER & FELD LLP One Bryant Park New York, New York (212) (Telephone) (212) (Facsimile) Michael S. Stamer Dionisia Kaloudis AKIN GUMP STRAUSS HAUER & FELD LLP 1333 New Hampshire, N.W. Washington, DC (202) (Telephone) (202) (Facsimile) James R. Savin David M. Dunn Counsel for the Official Committee of Unsecured Creditors UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK x : In re: : Chapter 11 : General Growth Properties, Inc., et al. : Case No (ALG) : Debtors. : (Jointly Administered) x NOTICE OF SEVENTH MONTHLY FEE STATEMENT OF AKIN GUMP STRAUSS HAUER & FELD LLP, COUNSEL FOR THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS OF GENERAL GROWTH PROPERTIES, INC., ET AL., FOR THE PERIOD NOVEMBER 1, 2009 THROUGH NOVEMBER 23, 2009 PLEASE TAKE NOTICE, that pursuant to the Order Pursuant to Sections 105(a) and 331 of the Bankruptcy Code and Bankruptcy Rule 2016(a) Establishing Procedures for Interim Monthly Compensation and Reimbursement of Expenses of Professionals, dated May 27, 2009, Akin Gump Strauss Hauer & Feld LLP, counsel to the Official Committee of Unsecured Creditors of General Growth Properties, Inc., et al., hereby files its Seventh Monthly Fee Statement for the period November 1, 2009 through November 23, 2009.

2 Dated: New York, New York December 7, 2009 AKIN GUMP STRAUSS HAUER & FELD LLP /s/ Michael S. Stamer Michael S. Stamer Dionisia Kaloudis Akin Gump Strauss Hauer & Feld LLP One Bryant Park New York, New York (212) (Telephone) (212) (Facsimile) Akin Gump Strauss Hauer & Feld LLP 1333 New Hampshire, N.W. James R. Savin David M. Dunn (202) (Telephone) (202) (Facsimile) Counsel for the Official Committee of Unsecured Creditors 2

3 UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK x : In re: : Chapter 11 : General Growth Properties, Inc., et al. : Case No (ALG) : Debtors. : (Jointly Administered) x SEVENTH MONTHLY FEE STATEMENT OF AKIN GUMP STRAUSS HAUER & FELD LLP, COUNSEL FOR THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS OF GENERAL GROWTH PROPERTIES, INC., ET AL., FOR THE PERIOD NOVEMBER 1, 2009 THROUGH NOVEMBER 23, Akin Gump Strauss Hauer & Feld LLP ( Akin Gump or Applicant ), counsel to the Official Committee of Unsecured Creditors (the Committee ) of General Growth Properties, Inc., et al. (collectively, the Debtors ), hereby files its monthly fee statement for the period from November 1, 2009 through November 23, 2009 (the Compensation Period ). 2. On April 25, 2009, pursuant to section 1102 of the Bankruptcy Code, the United States Trustee for the Southern District of New York appointed the Committee. The Committee currently consists of ten members On June 26, 2009, this Court entered an order authorizing the Committee to employ and retain Akin Gump as its counsel, nunc pro tunc to April 24, 2009 (Docket No. 913). 1 American High-Income Trust, The Bank of New York Mellon Trust Co., Calyon New York Branch, Eurohypo AG, New York Branch, Fidelity Fixed Income Trust, Fidelity Strategic Real Return Fund, Fidelity Investments, Macy s Inc., Taberna Capital Management, LLC, Wilmington Trust, General Electric Capital Corp. and Millard Mall Services, Inc.

4 4. On May 27, 2009, this Court entered an Order Pursuant to Sections 105(a) and 331 of the Bankruptcy Code and Bankruptcy Rule 2016(a) Establishing Procedures for Interim Monthly Compensation and Reimbursement of Expenses of Professionals (Docket No. 614) (the Interim Compensation Order ). Pursuant to the Interim Compensation Order, Akin Gump is seeking payment of $492, for fees (80% of the fees) and $21, for reimbursement of its expenses (100% of the expenses) relating to services rendered on behalf of the Committee during the Compensation Period. 5. Pursuant to the Interim Compensation Order, the Court or any party in interest has fifteen (15) days after the filing of the Application to review and object to the compensation or reimbursement of expenses sought. If no objection is served within the fifteen (15) day period, the Debtors shall promptly pay eighty percent (80%) of the fees and one hundred percent (100%) of the expenses requested in the Application. If an objection to the Application is timely made, the Debtors are authorized to pay eighty percent (80%) of the fees requested and one hundred percent (100%) of the disbursements requested in the Application that are not subject to objections and withhold the disputed amounts. 6. Akin Gump maintains written records of the time expended by attorneys and paraprofessionals in the rendition of their professional services to the Committee. Attached hereto as Exhibit A are the time records of each billing professional during the Compensation Period in connection to these cases. 7. In compliance with the Interim Compensation Order, a list of the individuals who have provided services during the Compensation Period, as well as their respective titles, their billing rates, the year such individuals graduated from law school, if applicable, and the aggregate amount of hours spent by each individual during the Compensation Period is attached hereto as Exhibit B. 2

5 8. Akin Gump also maintains records of all actual and necessary out-of-pocket expenses incurred in connection with the rendition of professional services, all of which are available for inspection. A schedule of the categories of expenses and amounts for which reimbursement is requested is annexed hereto as Exhibit C. Dated: New York, New York December 7, 2009 AKIN GUMP STRAUSS HAUER & FELD LLP /s/ Michael S. Stamer Michael S. Stamer Dionisia Kaloudis Akin Gump Strauss Hauer & Feld LLP One Bryant Park New York, New York (212) (Telephone) (212) (Facsimile) mstamer@akingump.com dkaloudis@akingump.com Akin Gump Strauss Hauer & Feld LLP 1333 New Hampshire, N.W. James R. Savin David M. Dunn (202) (Telephone) (202) (Facsimile) jsavin@akingump.com ddunn@akingump.com Counsel for the Official Committee of Unsecured Creditors 3

6 EXHIBIT A

7 GENERAL GROWTH PROPERTIES, INC. UNSECURE ATTN: ADAM METZ 110 NORTH WACKER DRIVE CHICAGO, IL Invoice Number Invoice Date Client Number Matter Number /07/ Re: RESTRUCTURING FOR PROFESSIONAL SERVICES RENDERED THROUGH 11/23/09 : MATTER SUMMARY OF TIME BILLED BY TASK : HOURS VALUE 0002 General Case Administration $30, Akin Gump Fee Application/Monthly $34, Billing Reports 0004 Analysis of Other Professionals Fee $12, Applications/Reports 0005 Review/Preparation of Schedules, 1.60 $ Statements 0007 Creditors Committee Meetings $53, Court Hearings $19, Financial Reports and Analysis $12, DIP, Cash Collateral Usage and Exit $30, Financing 0011 Executory Contracts/License Agreements 4.00 $2, General Claims Analysis/Claims Objections $14, Analysis of Pre-Petition Transactions $20, Analysis of Secured Claims/Adequate $84, Protection Issues 0016 Lift Stay Litigation $5, General Adversary Proceedings $40, Tax Issues $35, Labor Issues/Employee Benefits 1.90 $ Real Estate Issues/Leases $9, Exclusivity 4.50 $1, Plan, Disclosure Statement and Plan Related $130, Documentation 0024 Asset/Stock Transaction/Business $30, Liquidations 0025 Travel $9, Committee Website 1.60 $ Joint Ventures 4.70 $3, General Case Strategy $32, TOTAL $615,012.25

8 11/02/09 MSS 0002 Reviewing relevant documents (.6). Telephone calls with committee 1.00 members re membership issues (.4). 11/02/09 CFG 0002 Review and update pleadings chart and litigation calendar (.3); attention 0.80 to distribution list (.5). 11/02/09 DMD 0002 Update task and contact lists /02/09 DKB 0002 Review case docket (.3); Update pleadings chart (.6); Update calendar 3.70 (.3); Confer with C. Green re above (.1); Review updates to distribution lists (.5); Confer with C. Collins re logistics thereof (.2); Update distribution lists (.6); Confer with D. Kaloudis re above (.1); Pull pleadings for attorneys (.5); Update transcripts file (.5). 11/02/09 ECS 0002 Read and distribute new pleadings /02/09 DK 0002 Respond to issues related to financial advisors (1.0) /02/09 DK 0002 Attention to resignation of committee member (0.3) /02/09 LLR 0002 Revise committee call list. 11/03/09 CFG 0002 Review and update pleadings chart and litigation calendar /03/09 ECS 0002 Read and distribute pleadings /03/09 RLB 0002 Update ggp calendar (.4) /03/09 RKO 0002 Correspondence re motions scheduled for 11/19 (0.6); review docket and 1.20 attend to issues re motion summaries (0.6). 11/03/09 DK 0002 Revise summaries for 11/19 hearing memorandum (0.8) /03/09 DK 0002 Call with C. Padien re: summaries (0.2) /03/09 DK 0002 Review summaries memo re pending motions (0.9) /03/09 LLR 0002 Confirm 11/19 hearing matters on docket sheet and update pleadings 1.70 chart. 11/04/09 CFG 0002 Prep for team meeting (.9) /04/09 CFG 0002 Review distribution list for accuracy (2.2); review and update 5.90 organizational documents (2.3); review and update pleadings chart and litigation calendar (.8); review and update Task List (.6). 11/04/09 DKB 0002 Review case docket (.3); Update pleadings chart (.7); Update calendar 3.10 (.4); Confer with C. Green re above (.1); Review and update distribution lists (1.1); Confer with C. Collins re logistics thereof (.2); Pull pleadings for attorneys (.3). 11/04/09 ECS 0002 Read and distribute new pleadings /04/09 RKO 0002 Review docket and correspondence re pleadings scheduled for 11/19 hearing. 11/04/09 SLK s re previous materials sent to Committee /04/09 DK 0002 Review diligence list of issues (0.2); follow up on Committee 2.70 conference call issues (1.5); review drafts of pleadings chart and litigation calendar (1.0). 11/05/09 CFG 0002 Attend to to organizational documents (2.3); update task list (.8) /05/09 DKB 0002 Review case docket (.3); Update pleadings chart (.6); Update calendar 2.40 (.3); Pull pleadings for attorneys (.3); Review distribution lists for updates (.4); Update the above (.3); Work with C. Collins on logistics thereof (.2). 11/05/09 ECS 0002 Read and distribute pleadings (0.2) /05/09 RKO 0002 Attend to issues re 11/19 pleadings summary (0.6); revise 11/ pleadings summary memo and correspondence re same (1.7). 11/05/09 SLK 0002 Update committee organizational documents (.1) /05/09 SLK 0002 Attend weekly team meeting re: status of tasks (.5) /05/09 DK 0002 Review revised task list, pleadings chart (0.2) /05/09 LLR 0002 Prepare materials for weekly meeting (.8); edit Committee roll-call list 1.00 (.2). 11/06/09 DKB 0002 Review case docket (.3); Update pleadings chart (.5); Update calendar 2.00 (.3); Review and update distribution lists (.6); Prepare and distribute docket report (.3). 11/06/09 ECS 0002 Read and distribute pleadings /06/09 RKO 0002 Revise 11/19 pleadings summary memo and correspondence re same (1.5, 0.9). 2.40

9 11/06/09 DK 0002 Review revised memo re: pending motions (0.3) /09/09 JS 0002 Review pleadings re 11/19 hearing (1.1); review and revise memo to 1.90 committee re same (.8). 11/09/09 DKB 0002 Review case docket (.3); Confer with S. Kurlanzik re pleadings chart 2.10 and calendar procedures (.1); Update pleadings chart (.5); Update calendar (.4); Pull pleadings for attorneys (.2); Review distribution lists (.5); Confer with D. Kaloudis re above (.1). 11/09/09 ECS 0002 Read and distribute pleadings (0.3); Update litigation calendar and pleadings chart (1.1). 11/09/09 RKO 0002 Attend to issues re 11/19 pleadings summary (0.3); revise same and 1.00 prepare for distribution to Committee (0.7). 11/09/09 SLK 0002 Prepare motion summaries to send to Committee (.1); confer with D Kaloudis re: same (.4). 11/09/09 DK 0002 Send to Committee re: 11/19 memo (0.2) /09/09 DK 0002 Draft to Committee member re: hearing (0.3) /09/09 DK 0002 Call with R. Ozols re: summaries of motions (0.2) /09/09 LLR 0002 Obtain Ryman claims from docket sheet /10/09 DKB 0002 Review case docket (.3); Update pleadings chart (.6); Update calendar 2.40 (.3); Confer with E. Seitz re above (.1); Review and update distribution lists (.3); Pull pleadings for attorneys (.3); Update transcripts file (.5). 11/10/09 CMP 0002 Review correspondence to Committee re pending motions (.1) /10/09 ECS 0002 Read and distribute pleadings (0.2); Update pleadings chart and 0.50 litigation calendar (0.3). 11/10/09 RLB 0002 Update binder re committee/debtor/financial advisor memos/reports 2.50 (2.5). 11/10/09 RKO 0002 Respond to creditor inquiry /10/09 DK 0002 Review status of Committee member financial advisors (0.2) /10/09 DK to Committee member re: Committee members FAS (0.4) /11/09 DKB 0002 Review case docket (.3); Update pleadings chart (.6); Update calendar 2.90 (.4); Confer with E. Seitz re above (.1); Pull pleadings for attorneys (.4); Review and update distribution list (.8); Update contact list (.3). 11/11/09 ECS 0002 Read and distribute pleadings (0.2); Update case calendar and pleadings 1.30 chart (0.8); Telephone conference with S. Kurlansik regarding administration duties (0.2); Telephone conference with D. Kaloudis regarding same (0.1). 11/11/09 SLK 0002 Confer with R. Barloon and D. Krasa-Berstell re administrative tasks 0.50 (.3); confer with E. Seitz re: same (.1); confer with D. Kaloudis re: committee (.1). 11/11/09 DK 0002 Confer with S. Kurlanzik re: task list, pleadings chart (0.4) /11/09 DK 0002 Call with E. Seitz re: pending pleadings (0.2) /11/09 DK 0002 Review and mark up litigation chart and task list (0.4) /12/09 JLS 0002 Prepare for and participate in meeting regarding case status and tasks 0.50 (.5). 11/12/09 DKB 0002 Review case docket (.3); Update pleadings chart (.5); Update calendar 1.60 (.4); Confer with E. Seitz re above (.1); Update distribution list (.2); Confer with S. Kurlanzik re above (.1). 11/12/09 ECS 0002 Update task list, pleadings chart, case calendar /12/09 RLB 0002 Update binder re: case memos/presentations (.5) /12/09 RKO 0002 Review notices of presentment /13/09 DKB 0002 Review case docket (.3); Update pleadings chart (.4); Update calendar (.3); Prepare and distribute docket report for the main and associated cases (.4). 11/13/09 ECS 0002 Read and distribute pleadings (0.1); Update case calendar and pleading 1.10 chart (1.0). 11/13/09 RLB 0002 Update binder re case memos/presentations (1.0); coordinate copying/delivery of same to D. Dunn (.4). 11/13/09 DK 0002 Additional follow up re: case management issues (0.3) /16/09 DKB 0002 Review case docket (.3); Update pleadings chart (.6); Update calendar (.4); Confer with S. Kurlanzik re above (.1); Pull pleadings for attorneys (.5). 1.90

10 11/16/09 ECS 0002 Read and distribute pleadings (0.3); Update case calendar and pleadings 1.20 chart (0.9). 11/16/09 RLB 0002 Update case documents binder and coordinate with DC paralegal re 1.00 same 11/17/09 MSS 0002 Telephone call with P. Laudano re committee membership issues (.3) Telephone calls with Debtors counsel re same (.8). 11/17/09 ECS 0002 Read and distribute new pleadings. 11/17/09 RLB 0002 Update case calendar/pleadings chart (.4); update binder re case 0.90 documents (.5) 11/17/09 LLR 0002 Obtain case law from key cases memorandum (1.0); prepare pleadings 2.80 for Nov. 19th hearing (.5); update memo and presentation binder (1.30). 11/18/09 DKB 0002 Review case docket (.3); Update pleadings chart (.8); Update calendar 2.10 (.4); Confer with E. Seitz re above (.1); Pull pleadings for attorneys (.5). 11/18/09 ECS 0002 Read and distribute new pleadings /18/09 DK with E. Seitz re: new pleadings (0.2) /18/09 LLR 0002 Prepare and edit Nov. 19th Omnibus hearing binder /19/09 DKB 0002 Update transcripts file (.3); Distribute the above (.1) /19/09 ECS 0002 Read and distribute pleadings (1.2); Update case calendar, pleadings 2.70 chart, and task list (1.5). 11/19/09 RLB 0002 Coordinate with L. Rhodes re DC case binder (.3) /19/09 LLR 0002 Update Committee Memo and Presentations Binder (.6); obtain 1.10 blacklines of subscription agreements and related pleadings (.5). 11/20/09 DKB 0002 Review case docket (.3); Prepare updates for pleadings chart and 1.60 calendar (.6); Pull pleadings for attorneys (.3); Update transcripts file (.4). 11/20/09 ECS 0002 Read and distribute new pleadings /23/09 RLB 0002 Update binder re case documents /02/09 PJS 0003 Review and prepare documents re monthly fee statement /02/09 SLK 0003 Revise September invoice /03/09 RLB 0003 Revise expense requests to conform to U.S. Trustee guidelines (1.8) /03/09 SLK 0003 Review expense reports /03/09 DK 0003 Respond to UST re: expenses (0.1) /03/09 DK 0003 Confer with team re: response to UST (0.6). 11/03/09 DK 0003 Draft to UST re: expenses (0.2) /03/09 DK 0003 Review documents in support of UST expense request response (0.4) /03/09 DK 0003 Follow upon status of fee interim response (0.2) /03/09 DK 0003 Confer with S. Kurlanzik re: October bill (0.2) /04/09 PJS 0003 Review and prepare documents re fee application /04/09 DKB 0003 Assist with preparation of expenses for US Trustee (.5); Confer with S. Kurlanzik re above (.1). 11/04/09 SLK 0003 Review expense report (.3); multiple conferences with D. Kaloudis (.4) 4.10 and P. Sprofera re: same (.6); review expenses to send to UST (.5); confer with paralegals re: same (.5); revise October invoice (1.8). 11/04/09 DK 0003 Follow up on UST's request re: expenses (0.7) /06/09 SLK 0003 Revise October invoice (.2); draft September monthly statement (.3); 1.00 review receipts for UST request (.3); confer with D. Kaloudis re: same (.2). 11/06/09 DK 0003 Review charts re: UST request (0.3); confer with S. Kurlanzik re: same 0.50 (0.2). 11/09/09 PJS 0003 Review and prepare documents re monthly fee statement /09/09 RLB 0003 Create charts re expense charges (2.1); coordiante with L. Jackson re 3.40 receipts (.6); research re expenses (.3); meet with S. Kurlanzik/P. Sprofera re same (.4) 11/09/09 LED 0003 Review expenses related to interim fee application and revise same in 4.70 accordance with U.S. Trustee's request (4.4). Confer with S. Kurlanzik re same (.1). Confer with S. Kurlanzik, R. Barloon re fee chart/expense summary (.2). 11/09/09 SLK 0003 Multiple conferences with D. Kaloudis (.3), R. Barloon (1), P. Sprofera (.5), L. DePalo (.5) and S. Garris (.4) re: expenses from first interim period; confer with R. Travesh re October invoice and billing (.2); revise 4.60

11 September invoice (1.2); revise October invoice (.5). 11/09/09 DK 0003 Confer with S. Kurlanzik re: UST request (0.3) /10/09 PJS 0003 Review and prepare documents re fee application /10/09 RLB 0003 Revise September bill (.5) /10/09 RLB 0003 Update charts re expense details for U.S. Trustee (2.00); meet with S Kurlanzik re same (.3) 11/10/09 LED 0003 Review expenses on 1st interim fee app and revise same in accordance 1.80 with U.S. Trustee's request (1.6); confer with S. Kurlanzik and S. Garris re same (.2). 11/10/09 LED 0003 Confer with S. Kurlanzik and D. Kaloudis re changes to expense report 3.60 (.6). Continue revising expense report re meals (1.5). Research re allowable expenses (1.5). 11/10/09 LED 0003 Continue revising expense report re meals (1.5). Research re expenses 3.00 (1.5). 11/10/09 SLK 0003 Revise September invoice (.2); confer with L. DePalo and S. Garris re: 3.70 expenses in interim fee application (.3); confer with R. Barloon and L. DePalo re: charts for letter response to UST re: expenses (.5); revise letter re: same (.2); attend meeting with D. Kaloudis and L. DePalo re: same (.5); multiple conferences with R. Barloon (.5) and L. DePalo (.5) re: letter; continue revising letter to UST re: expenses (1). 11/10/09 DK 0003 Review draft response to UST (0.4) /10/09 DK 0003 Meeting with S. Kurlanzik re: US Trustee (0.4) /10/09 DK 0003 Review draft of Fifth fee statement (September) (0.6). 11/10/09 DK 0003 Meet with L. Depalo re: UST issues (0.3) /10/09 DK to L. Depalo re: UST (0.2) /11/09 RLB 0003 Revise GGP prebill to conform to U.S. Trustee guidelines /11/09 RKO 0003 Provide additional information re expense entries per UST's request. 11/11/09 LED 0003 Review and edit expense report per Trustee's request /11/09 LED 0003 Review and edit expense report per trustee's request (1.0). Compile 4.10 charts re amended expense report (3.1). 11/11/09 SLK 0003 Revise September invoice (1.6); review September expenses (.4); review 2.40 UST letter re first interim expenses (.4). 11/11/09 DK 0003 Review status of UST response (0.4) /11/09 DK to J. Savin re: 5th monthly fee statement, interim summaries (0.2) /11/09 DK 0003 Review revised response to UST re: expenses (0.3) /11/09 DK 0003 Call with S. Kurlanzik re: 5th monthly fee statement (0.3) /11/09 DK 0003 Meet with L. Depalo re: UST letter (0.5) /11/09 DK 0003 Review revised 5th fee statement and updated exhibits (1.2) /12/09 RLB 0003 Create/update chart re committee expenses (.3) /12/09 LED 0003 Revise meal expense chart per U.S. Trustee's request (.7). Confer with 0.80 D. Kaloudis re same (.1). 11/12/09 SLK 0003 Revise exhibit charts for UST expenses letter (.7); confer with D Kaloudis re: same (.1). 11/12/09 DK 0003 Call with J. Savin re: 5th monthly fee statement (0.2) /12/09 DK to M. Stamer re: 5th fee statement (0.2) /12/09 DK 0003 Revise response to US Trustee re expenses (1.3) /13/09 DK 0003 Review and revise October fee statement (2.5) /13/09 DK 0003 Follow up on response to UST re expenses (0.4) /13/09 DK 0003 Finalize Akin's 5th monthly fee statement and other Committee 0.80 professionals (Houlihan, FTI, Epiq) (0.8). 11/13/09 DK 0003 Confer with M. Stamer re: 5th monthly fee statement (0.3) /13/09 DK 0003 Confer with S. Kurlanzik re: 5th monthly fee statement (0.3) /15/09 SLK 0003 Review revised September invoice /16/09 MSS 0003 Telephone calls with Akin team re fee protocol /16/09 RLB 0003 Finalize, file and serve monthly fee statements /16/09 SLK 0003 Prepare September monthly fee statement for filing (.3); attention to 1.30 filing same (1.0). 11/16/09 DK with J. Savin re: October fee statement (0.2) /16/09 DK 0003 Review October monthly fee statement (2.0) /16/09 DK 0003 Confer with S. Kurlanzik re: October fee statement (0.2). 0.20

12 11/16/09 DK 0003 Finalize Akin's 5th monthly fee statement (1.5) /17/09 RLB 0003 Create/revise/file affidavit of service re monthly fee statements /17/09 SLK 0003 Review affidavit of service of monthly fee statements (.1); confer with P. Sprofera re: October expenses (.1); review same (.2); draft statement of October fees (.2). 11/17/09 DK 0003 Revise exhibits to response to UST re expenses (0.6). 11/18/09 PJS 0003 Review and prepare documents re monthly fee statement /18/09 DK 0003 Confer with E. Seitz and S. Kurlanzik re: pending motion summaries 0.20 (0.2). 11/18/09 DK 0003 Follow up on status of October fee statement (0.3) /18/09 DK 0003 Review draft fee statement (0.3) /19/09 PJS 0003 Review and prepare documents re: fee statement (2.8) /19/09 RLB 0003 Update chart re comm. meeting expenses (.2); update binder re case 0.80 documents (.6). 11/19/09 DK 0003 Review October fee statement (0.3) /19/09 DK October fee statement to J. Savin (0.2) /19/09 DK 0003 Follow up re: status of response to US Trustee re expenses (0.2) /19/09 DK 0003 Review from UST re: expenses (0.2); confer with team re: same (0.4). 11/20/09 JS 0003 Review October bill /20/09 DK to J. Savin re: UST and October fee statement (0.2); follow up and 0.50 review comments to October fee statement (0.3). 11/21/09 SLK 0003 Revise October pre-bill /02/09 DK 0004 Review documents from Houlihan re: expenses (0.3) /02/09 DK expenses to Weil (0.1) /03/09 JS 0004 Review revised fee committee mark-up (.5); confer with M. Stamer re 0.80 same (.3). 11/03/09 TS 0004 Continue to review first interim fee applications and prepare summary of 3.80 same (3.8). 11/04/09 JS s re fee committee comments /04/09 TS 0004 Continue to prepare fee summary for first interim period (3.6); crossreference 4.60 amounts to monthly summary and comparison chart (.9); to D. Kaloudis re fee application issues (.1) 11/04/09 DK 0004 Review draft summaries of interims (0.3) /05/09 CFG 0004 Confer with S. Kurlanzik re fee summaries (.1); confer with T Southwell re same (.1); confer with D. Kaloudis re same (.1). 11/06/09 TS 0004 Confer with S. Kurlanzik re revisions to interim fee summary (.1); revise 0.80 same per comments (.7). 11/09/09 TS 0004 Call with S. Kurlanzik re additional revisions to fee summary (.1); revise 0.80 same (.7). 11/09/09 DK 0004 Review summaries of interim fee app (0.7) /09/09 DK 0004 Confer with J. Savin re: UST request and September fee statement (0.2) /09/09 DK 0004 Confer with S. Kurlanzik re: summaries of interim fee application (0.2) /09/09 DK 0004 Finish review of September fee statement (0.3) /09/09 DK 0004 Draft to Weil re September fee statement (0.2) /09/09 DK 0004 Confer with S. Kurlanzik re: September fee statement (0.2) /09/09 DK to team re: September fee statements (0.2) /09/09 DK 0004 Review revised summary memoranda of interim fee applications (0.4) /09/09 DK 0004 Draft to Committee re:summary memoranda of interim fee 0.20 applications (0.2). 11/09/09 DK to Weil re: September fee statements (0.2) /10/09 DK to Committee professionals re: filing of fee statements (0.3) /10/09 DK to Weil re: filing of statements (0.2) /11/09 DK 0004 Meet with L. Depalo re: fee summaries (0.2) /11/09 DK with Houlihan re: fee statement (0.2) /12/09 DMD 0004 Review FA fee apps /12/09 DK to Houlihan re: 5th fee statement (0.2) /13/09 JS 0004 Review interim fee application summary /13/09 JS 0004 Review fee committee revised protocol (.4); confer with M. Stamer re same (.3); confer with Strochak re same (.2). 0.90

13 11/13/09 DK 0004 Draft to Committee re: Interim Fee Application (0.2) /13/09 DK to C. Gibbs re: Interim Fee application (0.2) /13/09 DK 0004 Review Houlihan fee statement (0.4) /13/09 DK 0004 Review summaries of Interim Fee Application (0.8) /16/09 DMD 0004 Review comm. fee apps for filing and debtors' fee apps /16/09 DK 0004 Confer with J. Savin re: filing of September fee statement (0.2) /16/09 DK 0004 Review draft of Epiq fee statement (0.3) /16/09 DK 0004 Review draft of FTI's fee statement (0.3) /16/09 DK 0004 Send comments to FTI re monthly fee statement (0.1) /16/09 DK Committee Professionals re: monthly fee statement (0.2) /16/09 DK to Weil re: monthly fee statement (0.2) /16/09 DK 0004 Follow up on service issues re: monthly fee statements (0.3) /16/09 DK to Epiq re: fee statement (0.2) /17/09 JS 0004 Confer with M. Stamer re fee committee issues (.4) /17/09 TS 0004 Work on new charts re September monthly fee applications /17/09 DK 0004 Follow up on filing of all fee statements by Committee professionals 0.30 (0.3). 11/17/09 DK 0004 Confer with S. Kurlanzik re: filing of fee statements (0.3) /18/09 TS 0004 Work on summarizing September fee applications /19/09 TS 0004 Work on summary of September fee applications (4.5); prepare pdf of 5.50 summaries (.5); review docket re additional applications (.3); prepare to D. Kouladis re summaries (.2) 11/10/09 DMD 0005 Call with FTI re: ten-year forecast and SOFA deck (.5); review and 1.60 comment on same (1.1). 11/03/09 DK 0007 Respond to Committee members' inquiry re: Committee call (0.8) /04/09 JS 0007 Prepare agenda for 11/5 Committee call (.4); confer with M. Stamer re 1.00 same (.2); confer with HL (.2) and FTI (.2) re same. 11/04/09 MSS 0007 Reviewing materials in prep for tomorrow's committee call /04/09 CFG 0007 Prep for Committee conf. calls (.8) /04/09 DK 0007 Draft agenda for Committee call (0.3); confer with J. Savin re: same 0.90 (0.2); FTI and Houlihan re: agenda (0.2); Committe re: Committee call (0.1); team re: pre-call (0.1). 11/05/09 JLS 0007 Prepare for and participate in conference call with professionals and the 1.60 unsecured creditors committee. 11/05/09 JS 0007 Prepare for committee call (.5); pre-call with committee professionals 2.20 (.6); attend committee call (1.1). 11/05/09 MSM 0007 Professionals pre-call (CC - 0.5); committee conference call (CC - 1.0) /05/09 RWP 0007 Attend Committee Call /05/09 MSS 0007 Participate in precall with committee professionals (.6). Participate in 1.70 committee call (1.1). 11/05/09 AQ 0007 Attend Professionals' pre-call /05/09 AQ 0007 Attend Committee call /05/09 CFG 0007 Prep for conference calls (.8); Prof. pre-call (.5); conference call (1.0); 2.50 follow-up to conference call (.2). 11/05/09 DMD 0007 Professionals pre-call (.5); prep for and participate in committee meeting 1.80 (1.3). 11/05/09 CMP 0007 Attend weekly Committee call /05/09 ECS 0007 Attend weekly Committee call (1.0) /05/09 RKO 0007 Prepare for and correspondence re committee call (0.3); participate in 2.30 AG call (0.5), professional call (0.5), and Committee call (1.0). 11/05/09 DK 0007 Attend professionals pre-call (0.5); attend Committee call (1.2); Committee re: conference call (0.2). 11/06/09 JS 0007 Call with subcommittee re capital raise process (.8); follow up with M. Stamer re same (.3); follow up call with HL re same (.3). 11/06/09 MSS 0007 Reviewing materials in prep for call with steering committee re capital 2.60 raise (.8). Telephone calls and s with Akin and HL teams re same (.4). Participating in steering committee call re capital raise (.8). Follow up calls with HL and Akin team re same (.6). 11/09/09 DMD 0007 Review FTI decks on financial performance and schedules for committee meeting.

14 11/11/09 JS 0007 Draft agenda re 11/12 committee call /11/09 DMD 0007 Prep for committee meeting (.6); review and revise FTI decks for 1.90 meeting (1.3). 11/11/09 DK with team re: Committee agenda (0.1) /11/09 DK 0007 Draft agenda re: Committee call (0.2) /11/09 DK 0007 Confer with D. Dunn re: Committee call (0.2) /11/09 DK to Committee re: Committee call (0.2) /11/09 DK 0007 Respond to questions re: Committee call (0.3) /11/09 DK to Committee re: agenda (0.1) /11/09 DK to FTI and Houlihan re: Committee call (0.1) /11/09 LLR 0007 Prepare materials for weekly Committee meeting /12/09 JLS 0007 Prepare for and participate in conference call with professionals and the 1.50 unsecured creditors committee (1.5). 11/12/09 JS 0007 Attend professionals pre-call (.6); attend committee call (1.2) /12/09 MSM 0007 Attend Professionals conference call in preparation of committee 1.30 conference call (0.5); Attend committee conference call (0.8). 11/12/09 RWP 0007 Prepare for and attend Committee call /12/09 MSS 0007 Participating in professionals precall (.6). Participating in committee call 1.80 (1.2). 11/12/09 AQ 0007 Attend Professionals' pre-call /12/09 AQ 0007 Attend Committee call /12/09 DMD 0007 Prep for and participate in committee meeting (1.3); Attend prof. precall 1.80 (.5). 11/12/09 RKO 0007 Attend professionals pre-committee call (0.4); committee call (0.9) /12/09 SLK 0007 Attend pre-committee call with professionals (.5); attend committee call 1.50 (1). 11/12/09 DK Committee re: Committee materials (0.2) /12/09 DK 0007 Attend pre-call (0.5) /12/09 DK 0007 Attend Committee call (1.0) /12/09 DK to M. Stamer and J. Savin re: Committee call (0.2) /12/09 LLR 0007 Prepare materials for weekly Committee call /17/09 JS 0007 Pre-call re capital raise subcommittee (.6); attend subcommittee call (.7); 1.60 follow-up with M. Stamer re same (.3). 11/17/09 MSS 0007 Participating in steering committee call re capital raise issues and follow up (.6). Reviewing relevant documents (.8). 11/17/09 DMD 0007 Prep for call with steering committee (1.1); follow-up calls internally (.3). 11/17/09 DK 0007 Draft to Committee re: 11/18 call (0.2) /17/09 DK 0007 Respond to inquiries re: 11/18 call (1.2) /17/09 DK to team re: GGP call (0.3) /18/09 JLS 0007 Conference call with committee steering committee and committee /18/09 JS 0007 Call with HL re subcommittee call (.3); confer with M. Stamer re same 2.60 (.3); attend subcommittee call (.7); attend committee call (.8); follow-up with M. Stamer re same (.5). 11/18/09 MSM 0007 Conference call with committee professionals in preparation for 0.80 conference call with committee (0.3); committee conference call (0.5). 11/18/09 RWP 0007 Attend Committee call /18/09 MSS 0007 Reviewing materials in preparation for committee and steering comm 3.30 calls (1.5). Telephone calls and s with Akin team re same (.7). Participating in steering committee call (.3). Participating in committee call and followup (.8). 11/18/09 AQ 0007 Attend steering group call /18/09 AQ 0007 Attend Committee call /18/09 DMD 0007 Pre-call with steering committee (.3); prep for call with committee (.8) /18/09 RKO 0007 Attend Professional call (0.4); committee call (0.6); prepare for both 1.30 (0.3). 11/18/09 SLK 0007 Attend call with committee (partial attendance) /18/09 DK 0007 Review follow up responses from Committee members re call (0.8) /18/09 DK 0007 Draft to Committee re: 11/18 call (0.1) /18/09 DK 0007 Prepare for Committee Call (1.0). 1.00

15 11/18/09 DK to Committee member re: Committee Call (0.1) /18/09 DK 0007 Review responses from Committee members re: 11/19 call (0.9) /18/09 DK 0007 Review agenda for 11/19 hearing (0.1) /18/09 DK 0007 Confer with J. Savin re: 11/19 hearing (0.2) /18/09 DK 0007 Draft to Committee re: 11/19 Committee Call (0.1) /18/09 DK 0007 Draft to Committee re: 11/18 call (0.1) /18/09 DK 0007 Confer with J. Savin re: 11/19 call (0.2) /19/09 JLS 0007 Prepare for and participate in conference call with professionals and the 1.10 unsecured creditors committee. 11/19/09 JS 0007 Prepare for committee call (.7); attend pre-call with FTI and HL (.6); 2.90 attend committee call (1.2); follow-up with certain committee members re same (.4). 11/19/09 MSM 0007 Attend Committee call /19/09 MSS 0007 Telephone calls and s with committee members re various issues (.4). Participating in professionals precall (.5). Participating in committee call (.5). 11/19/09 AQ 0007 Attend Professionals' call /19/09 AQ 0007 Attend Committee call /19/09 DMD 0007 Prep for and participate in committee meeting (1.3); Attend 1.80 professionals pre-call (.5). 11/19/09 RKO 0007 Attend Professionals' call (0.5); Committee call (0.8); prepare for both 1.50 (0.2). 11/19/09 SLK 0007 Prepare materials for committee call /19/09 DK 0007 Attend Committee conference call (1.0) /19/09 DK to Committee re: 11/20 conference call (0.2) /19/09 DK 0007 Prepare for conference call (0.8) /19/09 DK 0007 Attend Committe professionals' pre-call (0.5) /02/09 DMD 0008 Set up committee meeting at Weil (.3); memo to committee re: meeting 0.50 agenda plans (.2). 11/03/09 DK 0008 Draft to M. Stamer and J. Savin re: hearing issues (0.3) /03/09 DK 0008 Call to Weil re: hearing issues (0.2) /05/09 DMD 0008 Draft memo to committee re: omnibus hearing. 11/06/09 DMD 0008 Draft committee memo re: omnibus hearing (1.3) /09/09 DMD 0008 Finalize memo to committee re: omnibus hearing, including claims 1.30 procedures. 11/09/09 DKB 0008 Prepare pleadings scheduled for hearing for D. Kaloudis /09/09 DK 0008 Review revised hearing agenda (0.1) /09/09 DK 0008 Send to Committee member re: 11/19 Hearing Memo (0.2) /09/09 DK 0008 Review agenda for 10/11 hearing (0.2) /09/09 DK to Weil re: 10/11 hearing (0.2) /10/09 DMD 0008 Prep for and participate in hearing (.7); memo re: same (.2) /10/09 DK 0008 Confer with S. Kurlanzik re: hearing (0.1) /17/09 DK 0008 Draft status of matters scheduled for hearing on 11/19 (1.0) /17/09 DK 0008 Review notice of plan status conference (0.1) /17/09 DK 0008 Confer with J. Savin re: plan status conference (0.1) /18/09 JS 0008 Call with Weil re 11/19 chambers conference and hearing (.7); call with 2.50 Kirkland re same (.4); follow-up with M. Stamer re same (.4); draft outline re cc conference (1.0). 11/18/09 MSS 0008 Reviewing materials in preparation for tomorrow's hearing (2.0) Telephone calls and s with J. Savin re same (.6). 11/18/09 DMD 0008 Prep talking points for hearing /18/09 DKB 0008 Confer with D. Kaloudis re preparation for hearing (.2); Prepare hearing materials (.8); Prepare index therefor (.4). 11/18/09 RKO 0008 Attend to issues re preparing hearing binder for 11/19 hearing /18/09 DK 0008 Update list for open items for 11/19 hearing (0.2) /19/09 JS 0008 Prepare for hearing and chambers conference (1.9); meeting with M Stamer and A. Qureshi re same (.8); attend chambers conference (.8); attend hearing (1.1); confer with M. Stamer re same (.4). 11/19/09 MSS 0008 Reviewing materials in prep for hearing and status conference (1.7). Conferences with Akin team re same (.7). Conferences with various 4.20

16 parties before and after status conference and hearing (.8). Participating in status conference and hearing (1.0). 11/19/09 AQ 0008 Meet with J. Savin and M. Stamer to prepare for court hearing and 0.70 chambers conference. 11/19/09 AQ 0008 Attend chambers conference and court hearing /19/09 DMD 0008 Prep for hearing (.5); call J. Savin re: follow-up (.3) /19/09 DK 0008 Confer with D. Dunn re: hearing (0.2) /19/09 DK 0008 Follow up analysis of hearing results (0.2) /19/09 DK 0008 Confer with S. Kurlanzik re: hearing and related research (0.3) /19/09 DK 0008 Confer with J. Savin re: hearing (0.2) /02/09 KER 0009 Review valuation memo /02/09 DK 0009 Review Houlihan presentation (0.5) /03/09 JS 0009 Review HL report to committee on value (.8); review FTI report re 1.20 same (.4). 11/05/09 JS s re valuation and models /06/09 AQ 0009 Confer with HLHZ regarding model /09/09 AQ 0009 Telephone conference with HLHZ regarding valuation issues /09/09 AQ 0009 Confer with J. Savin regarding HLHZ model /09/09 AQ 0009 Research re valuation issues /09/09 DK 0009 Review September MOR (0.3) /10/09 JS 0009 Review FTI 10-year cash flow report (1.2); review SOFA/SOAL reports 5.70 (.7); review MOR (.6); call with FTI re 10-year & SOFA presentations (.6); review model and prepare for HL meeting (2.6). 11/10/09 DK to Committee re: September MOR (0.3) /11/09 JS 0009 Review revised 10-year forecast presentation. 11/11/09 AQ 0009 Attend meeting at HLHZ regarding financial model /11/09 DK to FTI re: reports/ presentation to Committee (0.2) /11/09 DK to D. Dunn re: FTI reports (0.1) /11/09 DK 0009 Additional follow-up on FTI cash flow reports (0.3) /11/09 DK to FTI re: reports (0.1) /11/09 DK 0009 Draft to Committee re: reports (0.2) /12/09 JS 0009 Review model correspondence and disclaimer (.4); call with HL re same (.2). 11/01/09 MSM 0010 Finish review of form of non-disclosure agreement and begin 0.80 preparation of comments. 11/02/09 MSM 0010 Begin revisions to form of non-disclosure agreement (1.8); various 2.20 conferences with R. Parks and J. Savin regarding capital raise issues (0.4). 11/02/09 MSS 0010 Telephone calls with Akin team re capital raise issues /03/09 MSM 0010 Telephone conversation with J. Savin regarding additional modifications to form of non-disclosure agreement (0.2); incorporate changes resulting from telephone conversation with J. Savin and recirculate (0.4). 11/03/09 DMD 0010 Prep for ad hoc and review meeting including review of HLHZ 0.90 presentation. 11/04/09 JS 0010 Review capital raise memo (.7); confer with M. Stamer re same (.4); 2.60 confer with HL re same (.7); review revised capital process memo (.5); call with HL re same (.3). 11/05/09 JS 0010 Confer with HL re capital raise memo (.4); review revised memo (.8) /09/09 JS 0010 Review revised cap process memo (.4); confer with HL re same (.3) /10/09 DK 0010 Review Houlihan presentation re: Capital raise (0.2) /11/09 JS 0010 Draft memo re capital raise issues and next steps (1.2); review s re 3.10 same (.4); call with capital raise subcommittee (.8); follow-up with M. Stamer re same (.3) and HL re next steps (.4). 11/11/09 MSS 0010 Telephone calls and conference call with HL and Akin team re model 2.70 and capital raise issues (1.4). Conference call with Akin, HL and steering committee re same and followup (1.3). 11/17/09 JS 0010 Review revised NDA (.6); confer with M. Stamer (.4) re same; confer 3.60 with HL re same (.3); draft outline of options and next steps w/r/t capital raise process (1.4); review letter to Debtors re same (.9). 11/17/09 MSM 0010 Review WG's final draft of non-disclosure agreement and provide 0.20

17 comments to J. Savin (0.2). 11/17/09 AQ 0010 Review and analyze NDA and confer with J. Savin regarding same /17/09 DK 0010 Send to Committee re: Steering Committee (0.2) /17/09 DK 0010 Confer with D.Dunn re: Steering Committee (0.1) /17/09 DK 0010 Call with Steering Committee (1.0) /17/09 DK 0010 Pre call with Professionals (0.1) /17/09 DK 0010 Call with J. Savin re: Steering Committee (0.2) /18/09 JS 0010 Call with Weil re capital raise (.8); follow-up with M. Stamer re same 2.80 (.3,.2); follow-up with FTI (.3) re same; call with clients re same (.4); revise letter to Debtors (.8). 11/18/09 MSS 0010 Finalizing letter to company (1.0). Telephone calls and s with 1.80 Debtors' counsel (.8). 11/18/09 AQ 0010 Team meeting regarding NDA /18/09 AQ 0010 Telephone conference with D. Dunn and HLHZ regarding NDA /18/09 AQ 0010 Review and analyze mark-up to NDA /18/09 AQ s regarding NDA /18/09 DMD 0010 Calls with Weil re: financing issues (1.7); call internally pleadings re: 7.60 same (.9); research re: same (2.4); draft moving papers (2.6). 11/19/09 AQ 0010 Review and analyze case law regarding potential NDA issues /19/09 DMD 0010 Research and draft pleadings re: exit financing process (3.); call A Qureshi re: same (.2). 11/20/09 AQ s regarding NDA /20/09 AQ 0010 Review and analyze draft HLHZ declaration regarding NDA /20/09 DMD 0010 Finish draft of exit financing pleadings (3.1); call J. Sorkin re: same (.2); 3.50 call HLHZ re: same (.2). 11/22/09 DMD 0010 Correspondence with HLHZ re: exit pleadings (.3); review same (.6) /02/09 DK 0011 Confer with C. Padien re: Summerlin memo (0.3) /04/09 DK 0011 Analyze issues re: missing docs re: Summerlin(0.8); confer with C Padien re: Summerlin (0.4). 11/05/09 DK 0011 Follow up analysis on Summerlin issues (0.6). 11/11/09 DMD 0011 Call with insurance broker re: pending issues /11/09 DK with team re: Summerlin (0.3) /17/09 DMD 0011 Review insurance bond docs and draft pleadings as follow-up to Weil 0.90 call. 11/19/09 DK to C. Padien re: Summerlin docs (0.2) /01/09 DMD 0012 Review changes to omnibus objection motion and make additional 0.90 comments to Weil. 11/02/09 DMD 0012 Review filings re: objection procedures /03/09 RKO 0012 Summarize claims objection procedures motion scheduled for 11/ (3.0, 1.3). 11/03/09 DK 0012 Read Debtors' claim objection motion (0.3) /04/09 KER 0012 Review reinstatement memoranda /04/09 EMC 0012 Respond to attorney request for documents re memo for reinstatement, 1.60 including reviewing extensive court docket sheet (.9), downloading relevant documents (.5) and follow-up communications with attorney re same (.1). 11/05/09 JLS 0012 Work on reinstatement research (.4) /05/09 CME 0012 Review research on reinstatement (.4) /05/09 RKO 0012 Research re loan reinstatement and application to GGP loans (2.8, 1.7, , 0.9); correspondence re same (0.3). 11/06/09 DMD 0012 Review new filings for claims procedures (.4) /09/09 RKO 0012 Creditor inquiry re claim status /09/09 DK 0012 Review re: Intercompany Model (0.1) /10/09 DK 0012 Continue to review case law re: intercompany issues (1.6) /11/09 SLK 0012 Meet with D. Kaloudis re intercompany claims analysis (.1) /11/09 DK 0012 Meet with S. Kurlanzik re: intercompany analysis (0.3) /12/09 DK 0012 Call with J. Savin re: Intercompany issues (0.2) /12/09 DK 0012 Analyze case law re: intercompany issues (1.4). 11/13/09 DK 0012 Confer with S. Kurlanzik re: Intercompany issues (0.3) /16/09 DMD 0012 Prep for and call re: claim settlement procedures (2.1); meet J. Savin re: 2.40

18 same (.3). 11/16/09 SLK 0012 Review subcon materials (.6); review recharacterization materials (.5) /16/09 DK 0012 Confer with J. Savin re: intercompany issues (0.3) /17/09 DK 0012 Review letter from Weil re: Proof of claim (0.2) /17/09 DK 0012 Analyze intercompany cases (1.5) /18/09 ECS 0012 Summarize Notice of Settlement with tenent (1.0) /19/09 JS 0012 Review memo re claims settlement (.4); confer with D. Kaloudis re same 0.50 (.1). 11/19/09 SLK 0012 Create review checklist for intercompany claims /20/09 TS 0012 Cite check cases in summary for S. Kurlanzik (.7); /20/09 DK 0012 Confer with R. Ozols re: loan memo (0.2); review list of intercompany 1.90 factors (0.2); read cases re: same (1.5). 11/03/09 PEG 0013 Cross-check regulatory agency files regarding supplemental 3.60 environmental diligence information. 11/04/09 JS 0013 Review material requested by committee members re JDA (.9); s re 1.20 same (.3). 11/04/09 MR Houlihan re: loan facility /04/09 CMP 0013 Attention to financial advisor diligence request (.8); telephone 1.30 conference with D. Kaloudis re financial advisor diligence request (.2); correspondence with D. Kaloudis re financial advisor diligence request (.2); correspondence with D. Dunn re financial advisor diligence request (.1). 11/05/09 MSM 0013 Staff due diligence conference call (0.5) /05/09 MR facility agent and phone calls w/ its counsel re: facility (.4); 2.70 Review portfolio facility analysis (1.7); Z. Wittenberg re: same (.1); Instruct D. Eshanov re: same (.5). 11/05/09 CMP to A. Qureshi and R. Ozols re research (.1); telephone conference 0.40 with D. Dunn re diligence (.1); to Z. Wittenberg re diligence (.1); to D. Kaloudis re diligence (.1). 11/06/09 PEG 0013 Review supplemental environmental due materials received /10/09 CV 0013 Continue to review and draft summary of construction loan agreement 2.80 and related documents for improvements. 11/10/09 PEG 0013 Review supplemental environmental due diligence materials /11/09 PEG 0013 Review dataroom for additional materials /11/09 PEG 0013 Analyze agency regulatory files /11/09 PEG 0013 Analyze environmental due diligence materials /11/09 CMP correspondence with D. Kaloudis re diligence (.1); correspondence with Z. Wittenberg re diligence (.1); review correspondence from D. Kaloudis to D. Dunn re diligence (.1). 11/12/09 MSM 0013 Internal due diligence call ( 0.5) /12/09 DMD 0013 Correspondence with debtors re: diligence requests /12/09 DK 0013 Review Trups memo (1.0) /13/09 PEG 0013 Continue review of environmental due diligence responses and crosschecking 2.40 regulatory agency records. 11/13/09 MSM 0013 Follow-up telephone conversations with HL and Kirkland regarding 0.40 secured lender term sheet (0.4). 11/13/09 DMD 0013 Correspondence with clients and Weil re: document requests /16/09 DMD 0013 Calls and correspondence with A. Shrochak re: doc requests /20/09 PEG 0013 Continue follow-up review of supplemental due diligence materials /20/09 CMP 0013 Review and analysis of diligence regarding contract dispute (.30); correspondence with B. Rothschild regarding contract analysis (.10). 11/20/09 DTE 0013 Read Final Order and Arbitration Award re: Indemnity Agreement (1.0); 2.00 Read Forbearance and Waiver Agreement entered in connection with the Credit Agreement (0.5); Read various letters relating to disputes involving Rouse and GGP (0.5). 11/01/09 JQW 0015 Review latest lender proposals and UCC presentation /02/09 MSM 0015 Begin review of revised secured lender global term sheet, as well as summary of general terms and conditions for non-debtor loans specially serviced 0.80