[sheet: Invoice Summary]

[sheet: Invoice Summary]
Field | Value
Invoice Number | SC-OWS-2024-001
Invoice Date | May 10, 2024
Billing Period | April 1, 2024 – April 30, 2024
Matter Name | Optiwave Semiconductor Corp. v. Lumicore Technologies, Inc.
Case Number | 2:24-cv-00319-JRG (E.D. Tex.)
Court | United States District Court for the Eastern District of Texas, marshall Division
Presiding Judge | Judge James R. Gilstrap
Client | Optiwave Semiconductor Corp.
Client Address | 4810 Bayside Technology Parkway, Suite 300, Santa Clara, CA 95054
Client Contact | Rebecca Tanaka, General Counsel
Billing Firm | Calderwood & Harkness LLP
Firm Address | 350 South Grand Avenue, 48th Floor, Los Angeles, CA 90071
Responsible Partner | Alan Ngo
Billing Partner | Marcus Delgado
Engagement Letter Date | March 18, 2024
Blended Cap Rate | $925.00/hr
Total Professional Fees (This Period) | $287,450.00
Total Costs & Disbursements (This Period) | $14,220.00
Total Invoice Amount (This Period) | $301,670.00
Cumulative Fees (Inception to Date) | $287,450.00
Cumulative Costs (Inception to Date) | $14,220.00
Cumulative Total Billed (Inception to Date) | $301,670.00
Approved Litigation Budget | $18,500,000.00
Remaining Budget | $18,198,330.00
Budget Utilization (%) | 1.6%
[sheet: Timekeeper Summary]
Timekeeper Name | Title / Role | Standard Rate ($/hr) | Blended Cap Rate ($/hr) | Hours Billed | Fees at Standard Rate | Fees at Blended Cap Rate | Rate Reduction / Write-Down
Alan Ngo | Partner (Responsible) | $1,350.00 | $925.00 | 62.50 | $84,375.00 | $57,812.50 | $26,562.50
Marcus Delgado | Partner (Billing) | $1,150.00 | $925.00 | 38.25 | $43,987.50 | $35,381.25 | $8,606.25
Wendy Schultz | Lead Associate (Senior) | $825.00 | $825.00 | 104.75 | $86,418.75 | $86,418.75 | $0.00
Omar Siddiqui | Associate | $725.00 | $725.00 | 88.50 | $64,162.50 | $64,162.50 | $0.00
Patricia Lam | Paralegal | $375.00 | $375.00 | 16.75 | $6,281.25 | $6,281.25 | $0.00
TOTAL | 310.75 | $285,225.00 | $250,056.25 | $35,168.75
[sheet: Time Detail]
Date | Timekeeper | Task/Phase Code | Description of Services | Hours | Amount at Blended/Applicable Rate
04/01/2024 | Alan Ngo | Pre-Suit / Case Assessment | Conference with Rebecca Tanaka and David Leitner (OWS) re: final review of litigation strategy and authorization; review Ridgeline Capital approval letter dated April 2, 2024 (Board Resolution No. 2024-07); discuss $18.5M litigation budget approval | 3.25 | $3,006.25
04/01/2024 | Alan Ngo | Pre-Suit / Case Assessment | Review updated patent claim charts prepared by technical advisors; compare against prior art landscape analysis for all four asserted patents | 2.75 | $2,543.75
04/01/2024 | Wendy Schultz | Pre-Suit / Case Assessment | Initial review of Lumicore Technologies, Inc. 10-K filing (FY 2023); identify accused product revenue disclosures and relevant business segment information for silicon photonics division | 5.25 | $4,331.25
04/01/2024 | Omar Siddiqui | Pre-Suit / Case Assessment | Research corporate structure of Lumicore Technologies, Inc.; identify subsidiaries, state of incorporation (Delaware), principal place of business (San Jose, CA); review SEC filings for board composition and key personnel | 4.50 | $3,262.50
04/02/2024 | Wendy Schultz | Pre-Suit / Case Assessment | Review Benchmark Semiconductor Analysis, LLC teardown reports for LumiLink 400G-ZR+ (Dec. 12, 2022), LumiLink 800G-DR8 (June 2023), and LumiEdge 1600G-LR (Feb. 2024); cross-reference with claim limitations of U.S. Patent Nos. 10,234,847; 10,891,193; 9,678,562; and 11,402,015 | 7.50 | $6,187.50
04/02/2024 | Omar Siddiqui | Pre-Suit / Case Assessment | Review prosecution history files for U.S. Patent Nos. 10,234,847 and 10,891,193; identify key amendments and examiner interviews; flag potential prosecution history estoppel issues for claim construction | 5.75 | $4,168.75
04/02/2024 | Alan Ngo | Pre-Suit / Case Assessment | Telephone conference with Dr. Priya Ramaswamy (OWS VP of Engineering) re: technical overview of silicon photonic waveguide multiplexer technology and accused product architectures | 2.00 | $1,850.00
04/03/2024 | Omar Siddiqui | Pre-Suit / Case Assessment | Research venue requirements for E.D. Tex.; analyze Lumicore Technologies, Inc. contacts in the district including Tyler sales/support office at 2700 Earl Campbell Parkway, Suite 150, Tyler, TX 75701; identify customer facilities: Pinnacle Data Systems, LLC (Longview, TX), Frontier Cloud Services, Inc. (Marshall, TX), CrossPoint Networking Corp. (Plano, TX) | 6.00 | $4,350.00
04/03/2024 | Wendy Schultz | Pre-Suit / Case Assessment | Review prosecution history for U.S. Patent Nos. 9,678,562 and 11,402,015; analyze claim scope and potential claim construction positions; identify key dependent claims for infringement allegations | 6.50 | $5,362.50
04/03/2024 | Alan Ngo | Pre-Suit / Case Assessment | Conference call with Jim Callahan (Whitmore & Callahan LLP) re: preliminary venue assessment and local practice considerations in E.D. Tex. | 1.50 | $1,387.50
04/04/2024 | Wendy Schultz | Pre-Suit / Case Assessment | Draft preliminary claim charts for '847 Patent (Claims 1, 4, 7, 12) mapping to LumiLink 400G-ZR+ and LumiLink 800G-DR8 architectures based on teardown data | 7.75 | $6,393.75
04/04/2024 | Omar Siddiqui | Pre-Suit / Case Assessment | Review Lumicore published patent applications and issued patents to identify potential counterclaim risks; prepare memorandum on Lumicore IP portfolio overlap with OWS products | 5.50 | $3,987.50
04/04/2024 | Patricia Lam | Pre-Suit / Administrative | Organize and index Benchmark teardown reports, prosecution history files, and prior art references; create master document binder for case assessment phase | 3.25 | $1,218.75
04/05/2024 | Alan Ngo | Pre-Suit / Case Assessment | Finalize retainer agreement with Whitmore & Callahan LLP (local counsel, E.D. Tex.); conference with Jim Callahan re: local rules, Judge Gilstrap's preferences, and case management expectations | 2.50 | $2,312.50
04/05/2024 | Wendy Schultz | Pre-Suit / Case Assessment | Draft preliminary claim charts for '193 Patent (Claims 1, 3, 5, 7, 15) and '562 Patent (Claims 1, 6, 9, 12) mapping to all three accused product families | 8.00 | $6,600.00
04/05/2024 | Omar Siddiqui | Pre-Suit / Case Assessment | Research standing and ownership chain for '562 Patent acquired from Solara Optics, Inc.; review Asset Purchase Agreement dated June 15, 2018; confirm chain of title recorded at USPTO | 4.25 | $3,081.25
04/08/2024 | Marcus Delgado | Pleadings | Begin drafting original complaint; review asserted patents: '847 Patent (Multi-Channel Silicon Photonic Waveguide Multiplexer, filed Sept. 14, 2016, issued Mar. 19, 2019); '193 Patent (High-Bandwidth Coherent Optical Transceiver, filed Apr. 7, 2017, issued Jan. 12, 2021); '562 Patent (Thermal Management of PICs, filed Nov. 22, 2014, issued June 13, 2017, acquired from Solara Optics, Inc. via APA dated June 15, 2018 for $34.5M); '015 Patent (Polarization-Diverse Grating Coupler, filed Aug. 30, 2019, issued Aug. 2, 2022) | 5.75 | $5,318.75
04/08/2024 | Alan Ngo | Pre-Suit / Case Assessment | Review final claim charts and provide comments; conference with Wendy Schultz re: claim construction strategy and identification of key claim terms for Markman briefing | 3.50 | $3,237.50
04/08/2024 | Wendy Schultz | Pleadings | Draft jurisdictional and venue allegations for complaint; research specific jurisdictional contacts for Lumicore in E.D. Tex.; prepare factual background section detailing OWS technology and patent portfolio | 6.25 | $5,156.25
04/09/2024 | Marcus Delgado | Pleadings | Continue drafting complaint; prepare detailed patent description sections for each of the four asserted patents; draft standing allegations including '562 Patent chain of title | 5.50 | $5,087.50
04/09/2024 | Wendy Schultz | Pre-Suit / Case Assessment | Draft preliminary claim chart for '015 Patent (Claims 1, 5, 8, 12, 18) mapping to LumiLink 800G-DR8 and LumiEdge 1600G-LR; analyze doctrine of equivalents position for Claim 12 | 6.75 | $5,568.75
04/09/2024 | Omar Siddiqui | Pleadings | Research and draft standing allegations for complaint; prepare assignment chain exhibits; verify patent term and maintenance fee status for all four asserted patents via USPTO PAIR | 4.75 | $3,443.75
04/10/2024 | Wendy Schultz | Internal Work Product | Draft internal willful infringement memorandum analyzing Halo Electronics, Inc. v. Pulse Electronics, Inc., 579 U.S. 93 (2016); compile evidence of pre-suit notice (FairPoint Licensing Group letters dated Jan. 15, 2023 and May 15, 2023; in-person meeting Apr. 20, 2023 in Austin, TX; Lumicore declination letter July 10, 2023 referencing 'competent legal opinions') | 8.25 | $6,806.25
04/10/2024 | Marcus Delgado | Pleadings | Draft accused product allegations; incorporate teardown analysis data points; detail specific claim element mapping for representative claims of '847 and '193 Patents | 4.50 | $4,162.50
04/10/2024 | Omar Siddiqui | Internal Work Product | Research willful infringement standards post-Halo; compile case law digest of E.D. Tex. willfulness findings in patent cases (2018-2024); analyze evidence thresholds | 5.00 | $3,625.00
04/11/2024 | Wendy Schultz | Internal Work Product | Continue drafting willful infringement memorandum; analyze pre-suit notice chronology and Lumicore's knowledge of OWS patents; prepare exhibit index of supporting documents | 5.50 | $4,537.50
04/11/2024 | Alan Ngo | Internal Work Product | Review and comment on draft willful infringement memorandum; conference with Wendy Schultz re: enhanced damages strategy and evidentiary requirements under Section 284 | 3.25 | $3,006.25
04/11/2024 | Omar Siddiqui | Pleadings | Draft induced and contributory infringement allegations for complaint Counts V and VI; research specific intent requirements and identify factual predicates from Lumicore technical documentation and marketing materials | 5.25 | $3,806.25
04/12/2024 | Omar Siddiqui | Internal Work Product | Prepare timeline of notice and willfulness evidence; compile chronology from Oct. 2022 infringement identification through LumiEdge 1600G-LR launch (Q4 2023); review anticipated testimony of Melissa Chen (former Lumicore engineer, now at Veridian Photonics, Inc.) re: Lumicore design team review of OWS published patent application No. 2018/0123456 | 6.75 | $4,893.75
04/12/2024 | Marcus Delgado | Pleadings | Draft damages allegations for complaint; incorporate lost profits theory, reasonable royalty framework, and willful infringement enhancement request; research Georgia-Pacific factors applicable to silicon photonics market | 4.75 | $4,393.75
04/12/2024 | Wendy Schultz | Pleadings | Review and revise jurisdictional allegations; incorporate additional Lumicore contacts in E.D. Tex. identified from public records and customer contract disclosures | 3.75 | $3,093.75
04/15/2024 | Alan Ngo | Internal Work Product | Prepare willful infringement damages scenario analysis spreadsheet; model enhanced damages under multiplier scenarios (1.5×, 2×, 3×) on post-notice lost profits (~$109.2M) and full lost profits (~$128.9M); calibrate $210M aggregate complaint demand combining lost profits, reasonable royalty at 8.5% (~$37.5M), and selected willful enhancement component (~$43.6M) | 4.50 | $4,162.50
04/15/2024 | Wendy Schultz | Internal Work Product | Prepare internal memorandum on damages theories; analyze comparable license agreements in silicon photonics space; review OWS licensing history and identify benchmark royalty rates | 6.00 | $4,950.00
04/15/2024 | Omar Siddiqui | Internal Work Product | Research reasonable royalty case law in E.D. Tex.; compile digest of recent damages awards in semiconductor patent cases; analyze Georgia-Pacific factor application in comparable cases | 5.25 | $3,806.25
04/15/2024 | Marcus Delgado | Pleadings | Revise complaint draft incorporating partner comments; refine damages demand language and willful infringement allegations; ensure compliance with Form 18 requirements and local patent rules | 3.50 | $3,237.50
04/16/2024 | Marcus Delgado | Pleadings | Continue drafting complaint; detail seven counts: (I-IV) direct infringement of '847, '193, '562, '015 Patents; (V) induced infringement; (VI) contributory infringement; (VII) willful infringement and request for enhanced damages under 35 U.S.C. § 284; include doctrine of equivalents allegations for Claims 3 and 7 of '193 Patent and Claim 12 of '015 Patent | 6.50 | $6,012.50
04/16/2024 | Omar Siddiqui | Pleadings | Draft prayer for relief section; research availability of permanent injunction in E.D. Tex. post-Cascade Holdings v. MercExchange; prepare preliminary injunction assessment memorandum | 4.50 | $3,262.50
04/16/2024 | Alan Ngo | Internal Work Product | Review and finalize internal damages scenario analysis; conference call with Rebecca Tanaka to discuss damages range and litigation risk assessment | 2.75 | $2,543.75
04/17/2024 | Wendy Schultz | Pleadings | Draft allegations re: accused products: LumiLink 400G-ZR+ (launched Q3 2022, FY23 revenue $94.8M, accused of infringing '847, '193, '562); LumiLink 800G-DR8 (launched Q1 2023, FY23 revenue $128.4M, accused of infringing '847, '193, '562, '015); LumiEdge 1600G-LR (launched Q4 2023, FY23 revenue $41.7M, accused of infringing '193, '015); total accused product revenue FY23: $264.9M | 7.00 | $5,775.00
04/17/2024 | Marcus Delgado | Pleadings | Review and revise induced and contributory infringement counts; incorporate specific factual allegations regarding Lumicore's customer technical support documentation and design guides encouraging infringing use | 3.75 | $3,468.75
04/17/2024 | Omar Siddiqui | Pleadings | Draft exhibit list for complaint; prepare patent assignment chain exhibits; coordinate certified patent copies order from USPTO | 3.50 | $2,537.50
04/18/2024 | Omar Siddiqui | Pleadings / Administrative | Prepare pro hac vice applications for Alan Ngo, Wendy Schultz, and Omar Siddiqui for E.D. Tex.; obtain certificates of good standing; prepare local counsel designation of Jim Callahan (Whitmore & Callahan LLP, 110 North College Avenue, Suite 800, Tyler, TX 75702) | 4.25 | $3,081.25
04/18/2024 | Wendy Schultz | Pleadings | Review and edit full complaint draft; verify all patent number references, filing dates, and issuance dates; confirm accused product specifications against teardown data | 5.50 | $4,537.50
04/18/2024 | Alan Ngo | Pleadings | Review second draft of complaint; provide comments on claim construction positioning and damages demand language; conference with Marcus Delgado re: complaint finalization strategy | 3.75 | $3,468.75
04/19/2024 | Alan Ngo | Pleadings | Final review and revisions to complaint; conference with Rebecca Tanaka for verification and authorization to file; review exhibits (certified copies of all four asserted patents) and civil cover sheet (Nature of Suit: 830 — Patent; Jury Demand: Yes) | 5.00 | $4,625.00
04/19/2024 | Wendy Schultz | Pleadings | Final proofread of complaint; verify all citations, exhibit references, and factual allegations; prepare filing package including civil cover sheet and proposed summons | 4.75 | $3,918.75
04/19/2024 | Omar Siddiqui | Pleadings | Finalize civil cover sheet; prepare summons forms for Lumicore Technologies, Inc.; coordinate with local counsel on filing logistics and E.D. Tex. ECF requirements | 3.50 | $2,537.50
04/22/2024 | Wendy Schultz | Pleadings / Filing | File original complaint, civil cover sheet, and patent exhibits in E.D. Tex.; Case No. 2:24-cv-00319-JRG assigned; confirm summons issuance (issued Apr. 25, 2024, directed to Lumicore Technologies, Inc. c/o National Agent Services Corp., 850 New Burton Road, Suite 201, Dover, DE 19904) | 3.50 | $2,887.50
04/22/2024 | Alan Ngo | Pleadings / Client Communication | Email to Rebecca Tanaka confirming filing of complaint in E.D. Tex.; attach complaint and civil cover sheet; advise summons issuance pending | 1.25 | $1,156.25
04/22/2024 | Marcus Delgado | Pleadings | Review filed complaint and docket entry confirmation; prepare internal litigation status memorandum for firm management committee | 2.00 | $1,850.00
04/22/2024 | Omar Siddiqui | Pleadings / Administrative | Verify ECF filing confirmation and docket entries; confirm case assignment to Judge Gilstrap; download and index all filed documents | 2.75 | $1,993.75
04/23/2024 | Wendy Schultz | Case Management | Draft litigation hold memorandum for OWS; identify 14 key custodians including Dr. Priya Ramaswamy, Kevin Matsuda, Sarah Lindholm, and engineering team leads; specify ESI preservation requirements and relevant date ranges | 5.50 | $4,537.50
04/23/2024 | Alan Ngo | Case Management / Client Communication | Conference call with Rebecca Tanaka and OWS IT director Kevin Matsuda re: ESI preservation protocols and custodian identification; discuss document collection timeline | 2.50 | $2,312.50
04/23/2024 | Omar Siddiqui | Case Management | Research E.D. Tex. case management order requirements and Judge Gilstrap's standing orders; prepare preliminary case management timeline and anticipated deadlines | 3.75 | $2,718.75
04/24/2024 | Alan Ngo | Insurance / Administrative | Draft and send insurance coverage notification letter to Pacific Rim Insurance Group under Policy No. PLI-2023-08812; request acknowledgment of coverage for defense costs of counterclaims and potential adverse judgment exposure | 2.00 | $1,850.00
04/24/2024 | Wendy Schultz | Case Management | Finalize litigation hold memorandum; coordinate distribution to all identified OWS custodians; prepare acknowledgment tracking spreadsheet | 4.00 | $3,300.00
04/24/2024 | Omar Siddiqui | Case Management | Begin preparation of initial disclosure materials under FRCP 26(a)(1); identify likely witnesses and categories of documents for disclosure | 4.25 | $3,081.25
04/25/2024 | Patricia Lam | Administrative / Filing | Coordinate service of summons on Lumicore's registered agent (National Agent Services Corp., Dover, DE); prepare proof of service documentation; organize case file and docket tracking for Case No. 2:24-cv-00319-JRG | 5.50 | $2,062.50
04/25/2024 | Alan Ngo | Client Communication | Telephone conference with Rebecca Tanaka re: service of process timeline and anticipated Lumicore response; discuss potential early case management conference scenarios | 1.75 | $1,618.75
04/25/2024 | Wendy Schultz | Case Management | Review Judge Gilstrap's recent patent case scheduling orders to anticipate case management timeline; prepare preliminary Markman hearing preparation roadmap | 4.50 | $3,712.50
04/26/2024 | Omar Siddiqui | Pleadings / Filing | File pro hac vice applications with E.D. Tex. clerk's office for Ngo, Schultz, and Siddiqui; coordinate with Jim Callahan on local counsel designation filings | 3.00 | $2,175.00
04/26/2024 | Alan Ngo | Case Management | Review and approve pro hac vice filings; conference with Jim Callahan re: upcoming scheduling conference procedures and local practice tips for Judge Gilstrap's courtroom | 2.25 | $2,081.25
04/26/2024 | Wendy Schultz | Internal Work Product | Begin preparation of internal claim construction memorandum; identify key claim terms for Markman briefing across all four asserted patents; research Federal Circuit precedent on silicon photonics claim terminology | 5.25 | $4,331.25
04/29/2024 | Wendy Schultz | Case Management / Internal | Prepare litigation hold memorandum follow-up; confirm 14 OWS custodians have acknowledged preservation obligations; coordinate with OWS IT department on ESI sources; review data-source inventory for completeness | 4.75 | $3,918.75
04/29/2024 | Alan Ngo | Internal Work Product | Review preliminary claim construction memorandum; provide strategic direction on key claim terms; discuss Markman hearing preparation timeline with Wendy Schultz | 3.00 | $2,775.00
04/29/2024 | Omar Siddiqui | Case Management | Continue preparation of initial disclosure materials; compile list of fact witnesses with contact information and anticipated testimony topics | 4.50 | $3,262.50
04/29/2024 | Marcus Delgado | Case Management | Conference with Alan Ngo re: staffing plan for discovery phase; review anticipated document production scope; discuss e-discovery vendor selection | 2.00 | $1,850.00
04/30/2024 | Marcus Delgado | Case Management | Internal case management review; establish docket calendar entries for all anticipated deadlines; begin analysis of potential Lumicore responsive filings and defensive postures | 3.50 | $3,237.50
04/30/2024 | Patricia Lam | Administrative | Compile and organize all filing confirmations, receipts, and docket entries for April 2024; prepare monthly billing summary backup; index incoming correspondence | 4.00 | $1,500.00
04/30/2024 | Wendy Schultz | Case Management | Prepare end-of-month case status report for client; summarize all filings, pending deadlines, and next steps; coordinate with team on May priorities | 3.50 | $2,887.50
04/30/2024 | Alan Ngo | Client Communication | Deliver monthly case status update to Rebecca Tanaka; discuss May priorities including anticipation of Lumicore's answer/motion to dismiss; review budget utilization | 2.50 | $2,312.50
04/30/2024 | Omar Siddiqui | Administrative | Reconcile time entries for April 2024; prepare timekeeper summary data for billing review; update matter management system | 3.25 | $2,356.25
04/30/2024 | Patricia Lam | Administrative | Prepare vendor invoices for processing; reconcile disbursement receipts for April 2024; update cost tracking spreadsheet | 4.00 | $1,500.00
[sheet: Costs & Disbursements]
Date | Description | Vendor / Payee | Amount | Category
04/01/2024 | Travel — Alan Ngo trip to Santa Clara (client meeting, April 1) — airfare and ground transportation | Various carriers | $1,580.00 | Travel
04/01/2024 | Travel — Alan Ngo trip to Santa Clara — hotel (1 night) | Various hotels | $350.00 | Travel
04/10/2024 | Westmark Data Systems Legal Research — Prosecution history estoppel; doctrine of equivalents; claim construction standards | Northpoint Data Systems | $2,480.00 | Research / Database
04/15/2024 | Westmark Data Systems Legal Research — Willful Infringement / Halo analysis; E.D. Tex. venue precedent | Northpoint Data Systems | $3,875.00 | Research / Database
04/22/2024 | E.D. Tex. Civil Action Filing Fee | U.S. District Court, E.D. Tex. | $402.00 | Court Fees
04/22/2024 | Certified copies of U.S. Patent Nos. 10,234,847; 10,891,193; 9,678,562; 11,402,015 (complaint exhibits) | USPTO | $240.00 | Patent Office Fees
04/22/2024 | ECF filing and document management platform charges | Calderwood & Harkness LLP — Internal Systems | $1,250.00 | Technology / Systems
04/25/2024 | Service of Process — Summons and Complaint on National Agent Services Corp., Dover, DE | Professional Process Service, Inc. | $485.00 | Service of Process
04/26/2024 | Pro Hac Vice Application Fee — Alan Ngo | U.S. District Court, E.D. Tex. | $375.00 | Court Fees
04/26/2024 | Pro Hac Vice Application Fee — Wendy Schultz | U.S. District Court, E.D. Tex. | $375.00 | Court Fees
04/26/2024 | Pro Hac Vice Application Fee — Omar Siddiqui | U.S. District Court, E.D. Tex. | $375.00 | Court Fees
04/30/2024 | Photocopying and document reproduction (complaint sets, exhibits, internal memos) | Calderwood & Harkness LLP — Reprographics | $875.00 | Reproduction
04/30/2024 | Overnight courier / Severin Partners LLC (filing packages to E.D. Tex. clerk, local counsel, client) | Severin Partners LLC | $688.00 | Shipping / Courier
04/30/2024 | Long-distance conference call charges | Calderwood & Harkness LLP — Telecom | $420.00 | Communications
04/30/2024 | Meals — working lunches and client meeting meals | Various | $450.00 | Meals
TOTAL | $14,220.00
[sheet: Blended Rate Reconciliation]
Metric | Value
Total Professional Fees Invoiced | $287,450.00
Total Hours Billed (All Timekeepers) | 310.75
Effective Blended Rate (Fees ÷ Hours) | $925.00/hr
Contractual Blended Cap Rate | $925.00/hr
Compliance Status | At Cap — Compliant
Total Fees at Standard Rates (Pre-Cap) | $285,225.00
Adjustment to Achieve Blended Cap | $2,225.00
Partner Hours (Alan Ngo + Marcus Delgado) | 100.75
Partner Hours as % of Total | 32.4%
Associate Hours (Wendy Schultz + Omar Siddiqui) | 193.25
Associate Hours as % of Total | 62.2%
Paralegal Hours (Patricia Lam) | 16.75
Paralegal Hours as % of Total | 5.4%
Engagement Letter Date | March 18, 2024
Success Fee Component | 5% of net recovery above $150,000,000
Budget Authorization | OWS Board Resolution No. 2024-07 (approved by Ridgeline Capital Partners, LP via Franklin Osei letter dated April 2, 2024)
Total Approved Budget | $18,500,000.00
Amount Billed This Period (Fees + Costs) | $301,670.00
Cumulative Billed to Date | $301,670.00
Remaining Budget | $18,198,330.00
[sheet: Phase Budget Tracking]
Litigation Phase | Budgeted Amount | Actual Spend — April 2024 | Cumulative Spend to Date | Remaining Phase Budget | % Phase Budget Used
Pre-Suit Investigation & Case Assessment | $1,200,000.00 | $98,450.00 | $98,450.00 | $1,101,550.00 | 8.2%
Pleadings & Motions | $1,800,000.00 | $142,300.00 | $142,300.00 | $1,657,700.00 | 7.9%
Fact discovery | $4,600,000.00 | $0.00 | $0.00 | $4,600,000.00 | 0.0%
Claim Construction | $2,100,000.00 | $0.00 | $0.00 | $2,100,000.00 | 0.0%
Expert discovery | $3,400,000.00 | $0.00 | $0.00 | $3,400,000.00 | 0.0%
Dispositive / Daubert Motions | $1,900,000.00 | $0.00 | $0.00 | $1,900,000.00 | 0.0%
Trial Preparation | $2,300,000.00 | $0.00 | $0.00 | $2,300,000.00 | 0.0%
Trial | $1,200,000.00 | $0.00 | $0.00 | $1,200,000.00 | 0.0%
Internal Work Product / Strategy | — | $46,700.00 | $46,700.00 | — | —
GRAND TOTAL | $18,500,000.00 | $287,450.00 | $287,450.00 | $18,212,550.00 | 1.6%