district of delaware in re : chapter 11 insys therapeutics
TRANSCRIPT
RLF1 21620685v.1
UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
------------------------------------------------------x : In re : Chapter 11 : INSYS THERAPEUTICS, INC., et al., : Case No. 19-11292 (KG) : Debtors.1 : Jointly Administered : : Obj. Deadline: October 10, 2019 at 4:00 p.m. (ET) ------------------------------------------------------x
FIRST MONTHLY APPLICATION OF RICHARDS, LAYTON & FINGER, P.A. FOR ALLOWANCE OF COMPENSATION FOR SERVICES RENDERED AND FOR
REIMBURSEMENT OF EXPENSES AS CO-COUNSEL TO THE DEBTORS FOR THE PERIOD FROM JUNE 10, 2019 THROUGH JUNE 30, 2019
Name of Applicant: Richards, Layton & Finger, P.A. Authorized to Provide Professional Services to: the above-captioned debtors Date of Retention: July 11, 2019 nunc pro tunc to June 10, 2019 Period for which compensation and reimbursement are sought: June 10, 2019 through June 30, 2019 Amount of Compensation sought as actual, reasonable, and necessary: $268,134.00 (80% of $335,167.50) Amount of Expense Reimbursement sought as actual, reasonable, and necessary: $9,142.37 This is a(n): X monthly ___ interim final application Prior Applications Filed: None.
1 The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification number, as applicable, are: Insys Therapeutics, Inc. (7886); IC Operations, LLC (9659); Insys Development Company, Inc. (3020); Insys Manufacturing, LLC (0789); Insys Pharma, Inc. (9410); IPSC, LLC (6577); and IPT 355, LLC (0155). The Debtors’ mailing address is 410 S. Benson Lane, Chandler, Arizona 85224.
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COMPENSATION BY PROFESSIONAL JUNE 10, 2019 THROUGH JUNE 30, 2019
Name of Professional Individual
Position, year assumed position, prior relevant
experience, year of obtaining relevant license to practice
Hourly Billing Rate (including changes)
Total Hours Billed
Total Compensation
Mark D. Collins Joined firm as associate in 1993. Director in 1998. Member of DE Bar since 1991.
$975 15.1 $14,722.50
John H. Knight Joined firm as associate in 1998. Director in 2003. Member of MD Bar since 1994. Member of NJ Bar since 1996. Member of DE Bar since 1999.
$900 23.0 $20,700.00
Rudolf Koch Corporate Department. Joined firm as associate in 2006. Director in 2012. Member of DE Bar since 2007. Member of NY Bar since 2004.
$825 2.0 $1,650.00
Paul N. Heath Joined firm as associate in 1999. Director in 2007. Member of DE Bar since 1998.
$800 38.6 $30,880.00
Marcos A. Ramos Joined firm as associate in 2002. Director in 2010. Member of NY Bar since 1995. Member of CA Bar since 1998. Member of MD Bar since 2001. Member of DE Bar since 2003.
$760 77.4 $58,824.00
Amanda R. Steele Joined firm as associate in 2010. Director in 2018. Member of DE Bar since 2010.
$700 80.9 $56,630.00
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Name of Professional Individual
Position, year assumed position, prior relevant
experience, year of obtaining relevant license to practice
Hourly Billing Rate (including changes)
Total Hours Billed
Total Compensation
Zachary I. Shapiro Joined firm as associate in 2007. Counsel in 2016. Director in 2019. Member of DE Bar since 2008.
$635 22.1 $14,033.50
Robert C. Maddox Joined firm as associate in 2009. Member of DE Bar since 2009.
$625 17.0 $10,625.00
Nathaniel J. Stuhlmiller Corporate Department. Joined firm as associate in 2009. Director in 2019. Member of DE Bar since 2010.
$625 1.0 $625.00
Sarah A. Clark Corporate Department. Joined firm as associate in 2013. Member of DE Bar since 2013.
$560 4.2 $2,352.00
Christopher M. De Lillo Joined firm as associate in 2016. Member of DE Bar since 2017.
$470 137.7 $64,719.00
Megan E. Kenney Joined firm as associate in 2017. Member of DE Bar since 2017.
$420 75.5 $31,710.00
Travis J. Cuomo Joined firm as associate in 2017. Member of DE Bar since 2018.
$420 0.1 $42.00
Cassandra Thompson Summer Associate $275 11.9 $3,272.50
Sheilah A. Jennings Summer Associate $275 7.0 $1,925.00
Carlos B. Terreforte MIS Litigation Support. Joined firm in 2015.
$275 0.3 $82.50
Ann Jerominski Paralegal since 1995. Joined firm in 2000.
$265 4.8 $1,272.00
Barbara J. Witters Paralegal since 2000. Joined firm in 2000.
$265 4.9 $1,298.50
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Name of Professional Individual
Position, year assumed position, prior relevant
experience, year of obtaining relevant license to practice
Hourly Billing Rate (including changes)
Total Hours Billed
Total Compensation
Rebecca V. Speaker Paralegal since 2002. Joined firm in 2001.
$265 16.5 $4,372.50
M. Lynzy McGee Paralegal since 2007. Joined firm in 2016.
$265 56.7 $15,025.50
Tesia S. Smith Case Management Assistant since 2016. Joined firm in 1996.
$140 2.9 $406.00
TOTAL 599.6 $335,167.50
Grand Total $335,167.50 Attorney Compensation $312,710.50 Total Attorney Hours 513.5 Blended Rate $608.98
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COMPENSATION BY PROJECT CATEGORY JUNE 10, 2019 THROUGH JUNE 30, 2019
Project Category Total Hours Total Fees
Case Administration (A) 24.2 $11,418.00
Creditor Inquiries (B) 1.6 $1,189.50
Meetings (C) 9.4 $5,552.50
Executory Contracts/Unexpired Leases (D) 4.4 $2,065.00
Automatic Stay/Adequate Protection (E) 10.2 $5,511.00
Plan of Re-Organization/Disclosure Statement (F) 1.1 $586.00
Use, Sale, Lease of Assets (G) 12.3 $6,416.50
Cash Collateral/DIP Financing (H) 1.7 $671.00
Claims Administration (I) 36.4 $19,327.50
Court Hearings (J) 103.5 $58,626.00
General Corporate/Real Estate (K) 6.0 $3,211.00
Schedules/SOFA/U.S. Trustee Reports (L) 32.1 $20,595.00
Employee Issues (M) 1.2 $364.50
Environmental (N) 0.0 $0.00
Tax Issues (O) 1.7 $512.50
Litigation/Adversary Proceedings (P) 217.0 $128,654.00
RL&F Retention (Q-1) 54.0 $27,093.00
Retention of Others (Q-2) 71.5 $37,934.50
RL&F Fee Applications (R-1) 0.0 $0.00
Fee Applications of Others (R-2) 4.0 $2,047.50
Vendor/Supplies (S) 1.2 $364.50
Non-Working Travel (T) 0.0 $0.00
Utilities (U) 1.7 $612.50
Insurance (V) 4.4 $2,415.50
TOTAL 599.6 $335,167.50
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EXPENSE SUMMARY JUNE 10, 2019 THROUGH JUNE 30, 2019
Expense Category Service Provider (if applicable)
Total Expenses
Facsimile $0.00
Conference Calling $163.95
Long Distance Telephone $19.31
In-House Reproduction (Duplication/Printing)
Duplicating: 2,917 @ $.10 pg. Printing: 11,652 @ $.10 pg.
$1,456.90
Outside Reproduction $0.00
Legal Research $210.75
Filing/Court Fees FILE & SERVEXPRESS; Lexis Nexis; USBC
$81.50
Court Reporting Reliable $969.14
Travel Expenses $0.00
Inside Courier & Expense Carriers
$0.00
Outside Courier & Expense Carriers
Blue Marble $286.94
Postage $3.90
Binding $0.00
Business Meals See attached meal chart $3,203.66
Document Retrieval $203.10
Record Retrieval $0.00
Professional Services $0.00
Overtime See attached overtime chart $359.42
Room Rental DoubleTree Hotel – Formation Meeting
$2,183.80
Equipment Rental $0.00
Stationery Supplies $0.00
TOTAL $9,142.37
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BUSINESS MEAL DETAIL
Date Provider Meal & Number of
people
Description Amount
6/10/2019 La Fia Lunch for 25 Prepare for first day hearing $619.50 6/10/2019 Iron Hill Dinner for 2 Finalize and file adversary
complaint and related documents; Assist with first day hearing preparations
$62.51
6/11/2019 Manhattan Bagel Breakfast for 25 Prepare for first day hearing $400.00 6/11/2019 La Fia Lunch for 25 Prepare for first day hearing $619.50 6/17/2019 The Farmer & the
Cow Dinner for 1 Finalize and file various
retention applications $28.15
6/17/2019 Phubs Dinner for 1 Finalize retention applications and research re: subordination
$17.17
6/19/2019 Manhattan Bagel Breakfast for 5 Prepare for IDI, formation meeting
$135.00
6/19/2019 La Fia Lunch for 5 Prepare for IDI, formation meeting
$141.00
6/23/2019 The Verandah Lunch for 1 Prepare for depositions $15.00 6/24/2019 Manhattan Bagel Breakfast for 10 Prepare for depositions $174.00 6/24/2019 Rodney Grille Drinks for 10 Prepare for depositions $29.90 6/24/2019 Rodney Grille Snacks for 10 Prepare for depositions $56.39 6/24/2019 Cavanaughs Lunch for 10 Prepare for depositions $159.00 6/24/2019 Iron Hill Dinner for 1 Finalize and file retention
application, OCP motion, interim compensation motion and revised notice of estimation motion
$8.17
6/25/2019 Manhattan Bagel Breakfast for 20 Prepare for depositions $245.00 6/25/2019 La Fia Lunch for 20 Prepare for depositions $482.00 6/27/2019 Chelsea Tavern Dinner for 1 Review 327(e) applications $11.37
TOTAL $3,203.66
SECRETARIAL OVERTIME DETAIL
Date
Secretary Description of Work Performed Total Amount
6/10/19 Carol Borris Assist co-counsel in preparation for first day hearing 6/11/19 Jeanne Carrera Assist co-counsel in preparation for first day hearing TOTAL $359.42
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RLF1 21620685v.1
UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
------------------------------------------------------x : In re : Chapter 11 : INSYS THERAPEUTICS, INC., et al., : Case No. 19-11292 (KG) : Debtors.1 : Jointly Administered : : Obj. Deadline: October 10, 2019 at 4:00 p.m. (ET) ------------------------------------------------------x
FIRST MONTHLY APPLICATION OF RICHARDS, LAYTON & FINGER, P.A. FOR ALLOWANCE OF COMPENSATION FOR SERVICES RENDERED AND FOR
REIMBURSEMENT OF EXPENSES AS CO-COUNSEL TO THE DEBTORS FOR THE PERIOD FROM JUNE 10, 2019 THROUGH JUNE 30, 2019
Pursuant to Sections 330 and 331 of Title 11 of the United States Code, §§ 101-
1532 (the “Bankruptcy Code”), Rule 2016 of the Federal Rules of Bankruptcy Procedure (the
“Bankruptcy Rules”), Rule 2016-2 of the Local Rules of Bankruptcy Practice and Procedure of
the United States Bankruptcy Court for the District of Delaware (the “Local Rules”), the Order
(I) Establishing Procedures for Interim Compensation and Reimbursement of Expenses of
Professionals and (II) Granting Related Relief, dated July 23, 2019 [Docket No. 329] (the
“Interim Compensation Order”), Richards, Layton & Finger, P.A. (“RL&F”) hereby files this
First Monthly Application of Richards, Layton & Finger, P.A. for Allowance of Compensation
for Services Rendered and for Reimbursement of Expenses as Co-Counsel to the Debtors for the
Period from June 10, 2019 through June 30, 2019 (the “Application”). By the Application,
RL&F seeks a monthly allowance pursuant to the Interim Compensation Order with respect to
the sums of $335,167.50 as compensation and $9,142.37 for reimbursement of actual and
1 The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification number, as applicable, are: Insys Therapeutics, Inc. (7886); IC Operations, LLC (9659); Insys Development Company, Inc. (3020); Insys Manufacturing, LLC (0789); Insys Pharma, Inc. (9410); IPSC, LLC (6577); and IPT 355, LLC (0155). The Debtors’ mailing address is 410 S. Benson Lane, Chandler, Arizona 85224.
Case 19-11292-KG Doc 648 Filed 09/20/19 Page 8 of 19
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necessary expenses, for a total of $344,309.87 for the period June 10, 2019 through and
including June 30, 2019 (the “Compensation Period”). In support of this Application, RL&F
respectfully represents as follows:
Background
1. On June 10, 2019 (the “Petition Date”), Insys Therapeutics, Inc. and its affiliated
debtors in the above-captioned chapter 11 cases (collectively, the “Debtors”) filed voluntary
petitions for relief under chapter 11 of the Bankruptcy Code.
2. RL&F was retained effective as of the Petition Date by this Court’s order, dated
July 11, 2019 [Docket No. 274] (the “Retention Order”). The Retention Order authorized
RL&F to be compensated on an hourly basis and to be reimbursed for actual and necessary out-
of-pocket expenses.
Compensation Paid and Its Source
3. All services for which compensation is requested by RL&F were performed for or
on behalf of the Debtors.
4. Except to the extent of the retainer paid to RL&F as described in the application
seeking approval of RL&F’s employment by the Debtors during the period covered by this
Application, RL&F has received no payment and no promises for payment from any source for
services rendered or to be rendered in any capacity whatsoever in connection with the matters
covered by this Application. There is no agreement or understanding between RL&F and any
other person other than the directors of RL&F for the sharing of compensation to be received for
services rendered in these cases.
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Fee Statements
5. The fee statement for the Compensation Period is attached hereto as Exhibit A.
This statement contains daily time logs describing the time spent by each attorney and
paraprofessional for this period. To the best of RL&F’s knowledge, this Application complies
with Sections 330 and 331 of the Bankruptcy Code, the applicable Bankruptcy Rules, the
Guidelines adopted by the Office of the United States Trustee, Del. Bankr. L.R. 2016-2, and the
Interim Compensation Order.
Actual and Necessary Expenses
6. A summary of actual and necessary expenses and daily logs of expenses incurred
by RL&F during the Compensation Period is attached hereto as Exhibit B. RL&F charges all of
its bankruptcy clients $0.10 per page for photocopying expenses and $0.10 per page for printing
jobs.
7. Regarding providers of on-line legal research (e.g., LEXIS and WESTLAW),
RL&F charges all of its clients the standard usage rates these providers charge, which, due to
contractual flat fees, may not always equal RL&F’s actual cost. RL&F currently is under
contract to pay these providers a flat fee every month. Charging its clients the on-line providers’
standard usage rates allows RL&F to cover adequately the monthly flat fees it must pay to these
types of providers.
8. RL&F believes the foregoing rates are the market rates that the majority of law
firms charge clients for such services. In addition, RL&F believes that such charges are in
accordance with the American Bar Association’s (“ABA”) guidelines, as set forth in the ABA’s
Statement of Principles, dated January 12, 1995, regarding billing for disbursements and other
charges.
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Summary of Services Rendered
9. The directors and associates of RL&F who have rendered professional services in
these cases are as follows: Mark D. Collins, John H. Knight, Rudolf Koch, Paul N. Heath,
Marcos A. Ramos, Amanda R. Steele, Zachary I. Shapiro, Robert C. Maddox, Nathaniel J.
Stuhlmiller, Sarah A. Clark, Christopher M. De Lillo, Megan E. Kenney, Travis J. Cuomo,
Cassandra Thompson and Sheilah A. Jennings. The paraprofessionals of RL&F who have
provided service to these attorneys in these cases are as follows: Carlos B. Terreforte, Ann
Jerominski, Barbara J. Witters, Rebecca V. Speaker, M. Lynzy McGee and Tesia S. Smith.
10. RL&F, by and through the above-named persons, has prepared and/or assisted in
the preparation of various applications and orders submitted to the United States Bankruptcy
Court for the District of Delaware (the “Court”) for consideration, advised the Debtors on a
regular basis with respect to various matters in connection with these cases, and has performed
all necessary professional services which are described and narrated in detail hereinafter.
Summary of Services By Project
11. The services rendered by RL&F during the Compensation Period can be grouped
into the categories set forth below. These categories are generally described below, with a more
detailed identification of the actual services provided set forth on the attached Exhibit A. The
attorneys and paraprofessionals who rendered services relating to each category are identified,
along with the number of hours for each individual and the total compensation sought for each
category, in Exhibit A attached hereto.
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A. Case Administration/Miscellaneous Matters
Fees: $11,418.00 Total Hours: 24.2
This category includes all matters related to filing documents with the Court,
service thereof, maintenance of calendars, review of work in process reports, review of notices of
appearance and maintaining service lists.
B. Creditor Inquiries
Fees: $1,189.50 Total Hours: 1.6
This category includes all matters related to responding to creditor inquiries.
C. Meetings
Fees: $5,552.50 Total Hours: 9.4
This category includes all matters related to preparing for and attending meetings
with Debtors, the Official Committee of Unsecured Creditors, individual creditors, the U.S.
Trustee, co-counsel and the Debtors’ other professionals.
D. Executory Contracts/Unexpired Leases
Fees: $2,065.00 Total Hours: 4.4
This category includes all matters related to contract and lease analysis and
matters related to assumption, assignment or rejection of executory contracts and unexpired
leases.
E. Automatic Stay/Adequate Protection
Fees: $5,511.00 Total Hours: 10.2
This category includes all matters related to and including all motions to modify
the automatic stay, issues related to the effect of the automatic stay or pending matters, and all
other types of actions where adequate protection is the central issue.
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F. Plan of Reorganization/Disclosure Statement
Fees: $586.00 Total Hours: 1.1
This category includes all matters related to review, formulation, negotiation,
preparation and promulgation of plans of reorganization, disclosure statements, and related
corporate documentation and research relating thereto.
G. Use, Sale, Lease of Assets
Fees: $6,416.50 Total Hours: 12.3
This category includes all matters relating to acquisitions, dispositions and other
postpetition uses of property of the estate.
H. Cash Collateral/DIP Financing
Fees: $671.00 Total Hours: 1.7
This category includes all matters relating to negotiation and documentation of
the allocation agreement and related issues.
I. Claims Administration
Fees: $19,327.50 Total Hours: 36.4
This category includes all matters related to and including claims administration
matters and bar date matters, including claims objections and related contested matters.
J. Court Hearings
Fees: $58,626.00 Total Hours: 103.5
This category includes all matters related to preparation for and attendance at
court hearings.
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K. General Corporate/Real Estate
Fees: $3,211.00 Total Hours: 6.0
This category includes all matters relating to transactional, corporate governance
and related matters involving the Debtors’ business operations that are not part of a plan of
reorganization or disclosure statement.
L. Schedules/SOFA/U.S. Trustee Reports & Inquiries
Fees: $20,595.00 Total Hours: 32.1
This category includes responding to inquiries from the U.S. Trustee regarding
retention applications and other pleadings filed and preparation of schedules and amendments,
statements of financial affairs and amendments, operating reports and other reports required by
the U.S. Trustee or the Bankruptcy Court.
M. Employee Issues
Fees: $364.50 Total Hours: 1.2
This category includes all matters related to employee wages, benefits, collective
bargaining issues, other employee relations matters, ERISA, and retirement benefits.
N. Environmental
Fees: $0.00 Total Hours: 0.0
This category includes all environmental matters, other than environmental
aspects of the plan of reorganization.
O. Tax Issues
Fees: $512.50 Total Hours: 1.7
This category includes all federal and state income, property, employment, excise
and other tax matters, other than the tax aspects of the plan of reorganization.
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P. Litigation/Adversary Proceedings
Fees: $128,654.00 Total Hours: 217.0
This category includes all matters related to litigation and adversary proceedings.
Q-1. RL&F Applications
Fees: $27,093.00 Total Hours: 54.0
This category includes all matters related to preparing applications to retain
RL&F and supplements thereto.
Q-2. Retention of Others
Fees: $37,934.50 Total Hours: 71.5
This category includes time spent reviewing applications for retention of other
professionals, objecting to the retention of other professionals and assisting other professionals
with preparing and filing retention applications.
R-1. RL&F Fee Applications
Fees: $0.00 Total Hours: 0.0
This category includes all time spent preparing, reviewing, filing and circulating
monthly invoices and fee applications for RL&F.
R-2. Fee Applications of Others
Fees: $2,047.50 Total Hours: 4.0
This category includes time spent reviewing invoices or applications of other
professionals, objecting to fees of other professionals and assisting other professionals with filing
and circulating monthly invoices and applications.
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S. Vendor/Suppliers
Fees: $364.50 Total Hours: 1.2
This category includes all matters related to vendors and suppliers, including
reclamation issues.
T. Non-Working Travel
Fees: $0.00 Total Hours: 0.0
This category includes all travel time not otherwise chargeable.
U. Utilities
Fees: $612.50 Total Hours: 1.7
This category includes all matters related to utility issues.
V. Insurance
Fees: $2,415.50 Total Hours: 4.4
This category includes all matters related to insurance policies or coverage.
Valuation of Services
12. Attorneys and paraprofessionals of RL&F have expended a total of 599.6 hours in
connection with this matter during the Compensation Period, as follows:
ATTORNEYS HOURS HOURLY RATE
Mark D. Collins 15.1 $975 John H. Knight 23.0 $900 Rudolf Koch 2.0 $825 Paul N. Heath 38.6 $800 Marcos A. Ramos 77.4 $760 Amanda R. Steele 80.9 $700 Zachary I. Shapiro 22.1 $635 Robert C. Maddox 17.0 $625 Nathaniel J. Stuhlmiller 1.0 $625 Sarah A. Clark 4.2 $560 Christopher M. De Lillo 137.7 $470 Megan E. Kenney 75.5 $420
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Travis J. Cuomo 0.1 $420 Cassandra Thompson 11.9 $275 Sheilah A. Jennings 7.0 $275
PARAPROFESSIONALS HOURS HOURLY RATE
Ann Jerominski 4.8 $265 Barbara J. Witters 4.9 $265 Rebecca V. Speaker 16.5 $265 M. Lynzy McGee 56.7 $265 Carlos B. Terreforte 0.3 $275 Tesia S. Smith 2.9 $140
The nature of the work performed by these persons is fully set forth in Exhibit A attached
hereto. These are RL&F’s normal hourly rates for work of this character. The reasonable value
of the services rendered by RL&F to the Debtors during the Compensation Period is
$335,167.50.
13. In accordance with the factors enumerated in Section 330 of the Bankruptcy
Code, it is respectfully submitted that the amount requested by RL&F is fair and reasonable
given (a) the complexity of these cases, (b) the time expended, (c) the nature and extent of the
services rendered, (d) the value of such services, and (e) the costs of comparable services other
than in a case under this title. Moreover, RL&F has reviewed the requirements of Del. Bankr.
L.R. 2016-2 and believes that this Application complies with that Rule.
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WHEREFORE, RL&F respectfully requests that the Court authorize that for the
Compensation Period, an allowance be made to RL&F pursuant to the terms of the Interim
Compensation Order, with respect to the sum of $335,167.50 as compensation for necessary
professional services rendered (80% of which equals $268,134.00), and the sum of $9,142.37 as
100% reimbursement of actual necessary costs and expenses, for a total of $344,309.87 and that
such sums be authorized for payment and for such other and further relief as this Court may
deem just and proper.
Dated: September 20, 2019 Wilmington, Delaware /s/ Zachary I. Shapiro
John H. Knight (No. 3848) Paul N. Heath (No. 3704) Zachary I. Shapiro (No. 5103) RICHARDS, LAYTON & FINGER, P.A. One Rodney Square 920 North King Street Wilmington, Delaware 19801 Telephone: (302) 651-7700 Fax: (302) 651-7701 Email: [email protected] [email protected] [email protected] Attorneys for the Debtors and Debtors in Possession
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CERTIFICATION OF COMPLIANCE WITH DEL. BANKR. L.R. 2016-2
I, Zachary I. Shapiro, on this 20th day of September, 2019, certify as follows:
a) I am a director with the applicant firm, Richards, Layton & Finger, P.A.
(“RL&F”), and have been admitted to appear before this Court.
b) I have personally performed many of the legal services rendered by
RL&F, as co-counsel to the Debtors, and am thoroughly familiar with the other work performed
on behalf of the Debtors by the lawyers and other professionals of RL&F.
c) I have reviewed the foregoing Application, and the facts set forth therein
are true and correct to the best of my knowledge, information and belief. Moreover, I have
reviewed Del. Bankr. L.R. 2016-2, and submit that the Application substantially complies with
such rule.
/s/ Zachary I. Shapiro Zachary I. Shapiro (No. 5103)
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RLF1 21794390v.1
UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE
------------------------------------------------------x : In re : Chapter 11 : INSYS THERAPEUTICS, INC., et al., : Case No. 19-11292 (KG) : Debtors.1 : Jointly Administered : : Obj. Deadline: October 10, 2019 at 4:00 p.m. (ET) ------------------------------------------------------x
NOTICE OF FEE APPLICATION
PLEASE TAKE NOTICE that Richards, Layton & Finger, P.A. (the
“Applicant”) has today filed the attached First Monthly Application of Richards, Layton &
Finger, P.A. for Allowance of Compensation for Services Rendered and for Reimbursement of
Expenses as Co-Counsel to the Debtors for the Period from June 10, 2019 through June 30,
2019 (the “Application”) with the United States Bankruptcy Court for the District of Delaware
(the “Court”).
PLEASE TAKE FURTHER NOTICE that objections, if any, to the Application
must be made in accordance with the Order (I) Establishing Procedures for Interim
Compensation and Reimbursement of Expenses of Professionals and (II) Granting Related
Relief, dated July 23, 2019 [D.I. 392] (the “Interim Compensation Order”), and must be filed
no later than 4:00 p.m. (Eastern Time) on October 10, 2019 (the “Objection Deadline”) with
the Clerk of the Court, 824 North Market Street, Wilmington, Delaware 19801, and be served
upon: (i) the Debtors c/o Insys Therapeutics, Inc., 410 South Benson Lane, Chandler, Arizona
1 The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification number, as applicable, are: Insys Therapeutics, Inc. (7886); IC Operations, LLC (9659); Insys Development Company, Inc. (3020); Insys Manufacturing, LLC (0789); Insys Pharma, Inc. (9410); IPSC, LLC (6577); and IPT 355, LLC (0155). The Debtors’ mailing address is 410 S. Benson Lane, Chandler, Arizona 85224.
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85224 (Attn: General Counsel); (ii) attorneys for the Debtors, Weil, Gotshal & Manges LLP, 767
Fifth Avenue, New York, New York 10153 (Attn: Ronit J. Berkovich, Esq. and Candace M.
Arthur, Esq.), and Richard, Layton & Finger, P.A., One Rodney Square, 920 North King Street,
Wilmington, Delaware 19801 (Attn: Paul N. Heath, Esq. and Zachary I. Shapiro, Esq.); (iii) the
Office of the United States Trustee for the District of Delaware, 844 King Street, Suite 2207,
Lockbox 35, Wilmington, Delaware 19801 (Attn: Jane M. Leamy, Esq.); and (iv) the attorneys
for the Committee, Akin Gump Strauss Hauer & Feld LLP, One Bryant Park, New York, New
York 10036 (Attn: Daniel H. Golden, Esq., Mitchell P. Hurley, Esq., and Arik Preis, Esq.) and
Bayard, P.A., 600 N. King Street, Suite 400, Wilmington, Delaware 19801 (Attn: Justin R.
Alberto, Esq. and Erin R. Fay, Esq.).
PLEASE TAKE FURTHER NOTICE that if any responses or objections to the
Application are timely filed in accordance with this notice and the Interim Compensation Order,
a hearing on the Application will be held at the convenience of the Court. Only those objections
made in writing and timely filed in accordance with the Interim Compensation Order and the
procedures described herein will be considered by the Court at such hearing.
PLEASE TAKE FURTHER NOTICE that, pursuant to the Interim Compensation
Order, if no objection to the Application is timely filed by the Objection Deadline, the Applicant
may be paid an amount equal to the lesser of (i) 80 percent of the fees and 100 percent of
expenses requested in the Application or (ii) 80 percent of the fees and 100 percent of the
expenses not subject to an objection without the need for further order of the Court.
Case 19-11292-KG Doc 648-1 Filed 09/20/19 Page 2 of 3
3 RLF1 21794390v.1
Dated: September 20, 2019 Wilmington, Delaware
/s/ Zachary I. Shapiro RICHARDS, LAYTON & FINGER, P.A. John H. Knight (No. 3848) Paul N. Heath (No. 3704) Zachary I. Shapiro (No. 5103) Christopher M. De Lillo (No. 6355) One Rodney Square 920 N. King Street Wilmington, Delaware 19801 Telephone: (302) 651-7700 Facsimile: (302) 651-7701 -and- WEIL, GOTSHAL & MANGES LLP Gary T. Holtzer (admitted pro hac vice) Ronit J. Berkovich (admitted pro hac vice) Candace M. Arthur (admitted pro hac vice) Olga F. Peshko (admitted pro hac vice) 767 Fifth Avenue New York, New York 10153 Telephone: (212) 310-8000 Facsimile: (212) 310-8007
Attorneys for the Debtors and Debtors in Possession
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RLF1 21620685v.1
Exhibit A
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RLF1 21620685v.1
Exhibit B
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