1012-00005
· Stonefield Logistics Group · Engagement & Administration
quarterly-billing-summary-q4-2022.xlsx
DOCUMENT
Litigation
[sheet: Summary]
| Field | Value |
| Firm | Calderwood & Harkness LLP |
| Firm Address | 200 Park Avenue, 38th Floor, New York, NY 10166 |
| Prepared By | Linda Osei, Billing Partner |
| Date Prepared | January 15, 2023 |
| Recipient | Tobias Wren, General Counsel |
| Client | Stonefield Logistics Group Inc. |
| Client Address | 4200 Commerce Parkway, Suite 800, Fort Worth, TX 76102 |
| Matter Number | 1012-00005 |
| Matter Description | Defense of Vantor Holdings Corp. v. Stonefield Logistics Group Inc., Case No. 22-cv-07841 (S.D.N.Y.) |
| Billing Period | October 1, 2022 – December 31, 2022 |
| Responsible Partner | Samuel Eklund |
| Billing Partner | Linda Osei |
| Engagement Letter Date | September 1, 2022 |
| Billing Arrangement | Standard Hourly; 10% courtesy discount on associate rates (Ridgeline Capital Partners portfolio discount) |
| Payment Terms | Net 30 days |
| Total Professional Fees | $487,250.00 |
| Total Costs & Disbursements | $42,180.00 |
| Grand Total | $529,430.00 |
[sheet: Fee Detail by Timekeeper]
| Timekeeper | Title / Role | Standard Rate ($/hr) | Discount (%) | Effective Rate ($/hr) | October Hours | November Hours | December Hours | Total Hours | Total Fees ($) |
| Samuel Eklund | Responsible Partner | $1,275.00 | 0% | $1,275.00 | 18.5 | 22.0 | 16.0 | 56.5 | $72,037.50 |
| Linda Osei | Billing Partner | $1,175.00 | 0% | $1,175.00 | 6.0 | 4.5 | 5.0 | 15.5 | $18,212.50 |
| Patrick Gallagher | Lead Associate | $825.00 | 10% | $742.50 | 52.0 | 58.0 | 48.0 | 158.0 | $117,315.00 |
| Simone Laroche | Working Associate | $650.00 | 10% | $585.00 | 68.0 | 74.0 | 62.0 | 204.0 | $119,340.00 |
| Helen Tsao | Senior Paralegal | $375.00 | 0% | $375.00 | 36.0 | 42.0 | 34.0 | 112.0 | $42,000.00 |
| Kara Nystrom | Contract Associate | $425.00 | 10% | $382.50 | 55.0 | 70.0 | 58.0 | 183.0 | $69,997.50 |
| David Moretti | Litigation Support / eDiscovery Manager | $375.00 | 0% | $375.00 | 28.0 | 36.0 | 28.0 | 92.0 | $34,500.00 |
| TOTALS | 263.5 | 306.5 | 251.0 | 821.0 | $473,402.50 |
[sheet: Fee Detail by Month]
| Month | Fees ($) | Key Activities |
| October 2022 | $168,750.00 | Filed Motion to Dismiss (Rule 12(b)(6)) on Oct. 14; prepared Memorandum of Law and Declaration of Samuel Eklund; continued TSA contract review and legal research on liquidated damages enforceability, pretext/good faith in termination for cause; retained Kensington Analytics Group LLC as rebuttal damages expert (engagement letter Oct. 28); initial Ridgeline board update; Graymark D&O coverage declination analysis; commenced document collection and litigation hold management; eDiscovery processing setup with Pinnacle Forensics LLC (Project ID PF-SLG-2022-0914) |
| November 2022 | $183,500.00 | Analyzed Vantor's opposition to MTD (filed Nov. 18); prepared draft Reply Memorandum; prepared settlement authority memorandum and Ridgeline settlement discussion; began expert scope memorandum for Kensington Analytics; research on sufficiency of cure / substantial cure doctrine; continued document review and privilege analysis; ongoing litigation hold compliance monitoring |
| December 2022 | $135,000.00 | Filed Reply Memorandum in Support of MTD (Dec. 5); MTD denied as moot (Dec. 16) following Vantor's Amended Complaint (filed Dec. 2); analyzed Amended Complaint including new allegations (volume shortfall breach, lane exclusivity violations, pretextual termination motive); began drafting Answer, Affirmative Defenses, and Counterclaim for declaratory judgment; research on Vantor standing (parent vs. subsidiary); continued eDiscovery collection |
| TOTAL | $487,250.00 |
[sheet: Disbursements Detail]
| Date | Category | Vendor / Description | Amount ($) |
| 2022-10-05 | eDiscovery — Processing & Hosting | Pinnacle Forensics LLC — Initial data processing, hosting setup, and platform configuration (Project PF-SLG-2022-0914) | $18,450.00 |
| 2022-10-14 | Court Filing Fees | S.D.N.Y. — Motion to Dismiss filing fee | $400.00 |
| 2022-10-28 | Expert Fees | Kensington Analytics Group LLC — Initial engagement and preliminary review (Dr. Evelyn Rosser) | $4,375.00 |
| 2022-11-10 | eDiscovery — Document Collection | Pinnacle Forensics LLC — Custodian data collection and processing (6 custodians) | $6,200.00 |
| 2022-11-15 | Legal Research | Online legal research databases — Northgate Health IT charges | $2,850.00 |
| 2022-11-22 | Courier / Service of Process | Service and delivery charges — Opposition briefing | $185.00 |
| 2022-12-01 | Expert Fees | Kensington Analytics Group LLC — Preliminary damages model development (Dr. Rosser, M. Chung) | $3,750.00 |
| 2022-12-05 | Court Filing Fees | S.D.N.Y. — Reply Memorandum filing | $0.00 |
| 2022-12-12 | Travel | S. Eklund, P. Gallagher — Travel to Fort Worth, TX for client meeting (airfare, hotel, ground transportation) | $3,420.00 |
| 2022-12-15 | Printing / Reproduction | Document reproduction and binding for client meeting materials | $750.00 |
| 2022-12-20 | Telecommunications | Conference call and videoconference charges | $480.00 |
| 2022-12-28 | Miscellaneous | Postage, Severin Partners LLC, and miscellaneous office charges | $320.00 |
| 2022-12-30 | eDiscovery — Analytics & TAR Setup | Pinnacle Forensics LLC — Technology-assisted review configuration and analytics module | $1,000.00 |
| TOTAL | $42,180.00 |
[sheet: Cumulative Budget Tracker]
| Category | Budget Low ($) | Budget High ($) | Q4 2022 Actual ($) | Cumulative to Date ($) | % of Budget Low Used | % of Budget High Used |
| Professional Fees | $3,500,000.00 | $5,200,000.00 | $487,250.00 | $487,250.00 | 13.9% | 9.4% |
| Costs & Disbursements | $400,000.00 | $750,000.00 | $42,180.00 | $42,180.00 | 10.5% | 5.6% |
| Total | $3,900,000.00 | $5,950,000.00 | $529,430.00 | $529,430.00 | 13.6% | 8.9% |
[sheet: Matter Information]
| Field | Detail |
| Case Caption | Vantor Holdings Corp. v. Stonefield Logistics Group Inc. |
| Case Number | 22-cv-07841 (S.D.N.Y.) |
| Presiding Judge | Hon. Margaret T. Calloway, U.S.D.J. |
| C&H Matter Number | 1012-00005 |
| Client Entity | Stonefield Logistics Group Inc. (Delaware corporation) |
| Client EIN | 83-2947106 |
| Client Contact — General Counsel | Tobias Wren |
| Client Contact — CFO | Priya Ramachandran |
| PE Sponsor | Ridgeline Capital Partners, LP (~72% equity via Ridgeline Fund III, LP) |
| Plaintiff | Vantor Holdings Corp. (New York corporation) |
| Plaintiff's Counsel (at time of billing) | Caldwell Royce & Shapiro LLP (Harrison Caldwell, lead partner) |
| Plaintiff's Claimed Damages | $95,400,000 |
| Underlying Contract | Transportation Services Agreement dated March 15, 2019 (Ref. SLG-VTS-2019-0315) |
| eDiscovery Vendor | Pinnacle Forensics LLC (Project ID: PF-SLG-2022-0914) |
| Rebuttal Expert | Kensington Analytics Group LLC (Dr. Evelyn Rosser) |
| D&O Insurer | Graymark Insurance Company — Coverage declined (Oct. 3, 2022), Policy No. GLG-DO-1025-00008 |
| CGL Insurer | Brindoval Mutual Insurance Co. — No coverage for breach of contract, Policy No. CGL-SLG-2022-11902 |
| Lender Notification | Lakeshore National Bank notified Aug. 24, 2022 per Credit Agreement Section 6.03(b) (Ref. LNB-SLG-2017-CA-4402); quarterly updates requested |