[sheet: Summary]

[sheet: Summary]
Item | Detail
Matter Number | 1017-00004
Client | Aurelius Media Americas Inc.
Parent Entity | Aurelius Global Media Group PLC
Engagement Period | November 1, 2022 — February 15, 2024
Responsible Partner | Renata Vasquez
Billing Partner | Bernard Crawford
Date Prepared | February 15, 2024
Matters Covered | Fuentes v. AMA (22STCV38214) — Class Action; Aldrich v. AMA (22STCV41087) — Executive Dispute
OVERALL FINANCIAL SUMMARY
Total Budget (Fees + Expenses) | $3,450,000
Total Actual (Fees + Expenses) | $3,279,700
Variance ($) | ($170,300)
Variance (%) | 4.9% under budget
Total Professional Fees — Budget | $2,590,000
Total Professional Fees — Actual | $2,487,300
Fee Variance ($) | ($102,700)
Fee Variance (%) | 4.0% under budget
Total Expenses — Budget | $860,000
Total Expenses — Actual | $792,400
Expense Variance ($) | ($67,600)
Expense Variance (%) | 7.9% under budget
RESOLUTION SUMMARY
Total Claimed Exposure (All Matters) | $42,750,000
Total Resolution Value | $17,100,000
Resolution as % of Claimed Exposure | 40.0%
Class Settlement (GSA) | $14,750,000
Aldrich Settlement | $2,350,000
EPL Carrier Contribution (Pemberton) | $9,250,000
AMA Self-Funded — Class | $5,500,000
AMA Self-Funded — Aldrich | $2,350,000
Total AMA Self-Funded (Settlements) | $7,850,000
Total Defense Costs (C&H Fees + Expenses) | $3,279,700
Total AMA Out-of-Pocket (All-In) | ~$11,130,000
BILLING STATUS
Total Invoiced | $3,279,700
Total Paid | $3,141,200
Outstanding Balance | $138,500
Notes | Final two invoices pending payment
[sheet: Fees by Timekeeper]
Timekeeper | Role | Hours | Hourly Rate | Total Fees
Renata Vasquez | Partner — Responsible Attorney | 487.5 | $1,125 | $548,438
Bernard Crawford | Partner — Billing Attorney | 214.0 | $1,075 | $230,050
Devon Archer | Senior Associate — Lead Associate | 1,183.0 | $785 | $928,655
Nadia Petrov | Associate — Working Associate | 982.5 | $625 | $614,063
Sophia Meng | Paralegal | 443.6 | $375 | $166,350
TOTAL | 3,310.6 | $2,487,556
[sheet: Expense Detail]
Expense Category | Vendor / Payee | Amount
E-discovery (Collection, Processing, Review, Production) | Marlowe Asset Management Litigation Technology Inc. | $247,800
Expert Fees — Industrial/Organizational (Commonality) | Workforce Dynamics Consulting LLC (Dr. Rajesh Makhija) | $156,200
Expert Fees — Economics/Damages (Rebuttal) | Hargrove Analytics Inc. (Dr. Catherine Lindstrom) | $172,400
Court Filing Fees | LA Superior Court | $8,750
Deposition Transcripts (18 depositions) | Various court reporting services | $67,300
Court Reporter / Videographer | Various | $34,200
Process Service | Various | $4,800
Travel | Various | $12,450
Document Reproduction / Binding | Various | $18,900
Mediation Fees (3 sessions — Aug. 25, Sept. 8, Dec. 8) | Westpark Dispute Resolution Inc. (Hon. Patricia Okoro, Ret.) | $52,500
Messenger / Delivery | Various | $3,200
Miscellaneous | Various | $13,900
TOTAL EXPENSES | $792,400
[sheet: Phase Reconciliation]
Phase | Description | Budget | Actual | Variance $ | Variance % | Notes
1 | Case Assessment & Engagement Setup (Nov.–Dec. 2022) | $197,000 | $189,200 | ($7,800) | -4.0% | On track
2 | Pleadings & Initial Motions (Dec. 2022–Feb. 2023) | $243,000 | $228,700 | ($14,300) | -5.9% | Slightly under; demurrer resolved efficiently
3 | Discovery — Written & ESI (Jan.–May 2023) | $755,000 | $714,300 | ($40,700) | -5.4% | E-discovery costs lower than projected; 147,832 documents produced
4 | Depositions (Apr.–Jun. 2023) | $405,000 | $387,500 | ($17,500) | -4.3% | 18 depositions completed (11 by Plaintiffs, 7 by Defense); efficient preparation
5 | Expert Engagement & Reports (Mar.–Jun. 2023) | $515,000 | $498,600 | ($16,400) | -3.2% | Expert fees slightly under budget; Dr. Makhija $156,200, Dr. Lindstrom $172,400
6 | Class Certification Opposition (Apr.–Aug. 2023) | $345,000 | $331,200 | ($13,800) | -4.0% | Strong result — partial certification; 5 of 7 causes denied
7 | Mediation & Settlement — Class Action (Aug.–Sept. 2023) | $245,000 | $237,800 | ($7,200) | -2.9% | 2 sessions with Hon. Okoro; $14.75M GSA achieved
8 | Settlement Approval Process (Sept. 2023–Feb. 2024) | $200,000 | $195,400 | ($4,600) | -2.3% | Smooth approval process; 68.2% claims rate; 23 opt-outs; 4 objections overruled
9 | Aldrich Individual Action (Dec. 2022–Jan. 2024) | $465,000 | $428,100 | ($36,900) | -7.9% | Resolved without trial; $2.35M settlement + 10,200 RSUs accelerated
10 | Insurance Coordination & Administration | $80,000 | $68,900 | ($11,100) | -13.9% | Efficient carrier coordination; Pemberton $9.25M contribution secured
TOTAL | $3,450,000 | $3,279,700 | ($170,300) | -4.9% | All phases under budget
[sheet: Monthly Invoice Log]
Invoice No. | Invoice Date | Period Covered | Fees | Expenses | Total Invoice | Payment Received | Amount Paid | Status
1017-00004-001 | 2022-12-01 | Nov. 1–30, 2022 | $98,500 | $8,200 | $106,700 | 2022-12-28 | $106,700 | Paid
1017-00004-002 | 2023-01-05 | Dec. 1–31, 2022 | $142,300 | $14,800 | $157,100 | 2023-02-02 | $157,100 | Paid
1017-00004-003 | 2023-02-03 | Jan. 1–31, 2023 | $168,400 | $32,500 | $200,900 | 2023-03-03 | $200,900 | Paid
1017-00004-004 | 2023-03-03 | Feb. 1–28, 2023 | $155,200 | $28,700 | $183,900 | 2023-04-01 | $183,900 | Paid
1017-00004-005 | 2023-04-04 | Mar. 1–31, 2023 | $194,600 | $85,400 | $280,000 | 2023-05-03 | $280,000 | Paid
1017-00004-006 | 2023-05-03 | Apr. 1–30, 2023 | $212,800 | $62,300 | $275,100 | 2023-06-01 | $275,100 | Paid
1017-00004-007 | 2023-06-05 | May 1–31, 2023 | $248,100 | $78,600 | $326,700 | 2023-07-03 | $326,700 | Paid
1017-00004-008 | 2023-07-05 | Jun. 1–30, 2023 | $265,900 | $54,200 | $320,100 | 2023-08-03 | $320,100 | Paid
1017-00004-009 | 2023-08-03 | Jul. 1–31, 2023 | $178,500 | $38,900 | $217,400 | 2023-09-01 | $217,400 | Paid
1017-00004-010 | 2023-09-05 | Aug. 1–31, 2023 | $195,700 | $52,100 | $247,800 | 2023-10-04 | $247,800 | Paid
1017-00004-011 | 2023-10-04 | Sep. 1–30, 2023 | $168,300 | $42,500 | $210,800 | 2023-11-02 | $210,800 | Paid
1017-00004-012 | 2023-11-03 | Oct. 1–31, 2023 | $112,400 | $28,600 | $141,000 | 2023-12-01 | $141,000 | Paid
1017-00004-013 | 2023-12-04 | Nov. 1–30, 2023 | $128,200 | $54,800 | $183,000 | 2024-01-03 | $183,000 | Paid
1017-00004-014 | 2024-01-04 | Dec. 1–31, 2023 | $115,900 | $48,300 | $164,200 | 2024-02-02 | $164,200 | Paid
1017-00004-015 | 2024-02-05 | Jan. 1–31, 2024 | $68,200 | $128,500 | $196,700 | Outstanding
1017-00004-016 (Final) | 2024-02-15 | Feb. 1–15, 2024 | $34,300 | $34,000 | $68,300 | Outstanding
TOTAL | $2,487,300 | $792,400 | $3,279,700 | $3,141,200 | Balance: $138,500
[sheet: Rate Card]
Timekeeper | Title | Standard Hourly Rate | Effective Date | Notes
Renata Vasquez | Partner — Responsible Attorney | $1,125 | 2022-11-01 | Per engagement letter dated Nov. 1, 2022
Bernard Crawford | Partner — Billing Attorney | $1,075 | 2022-11-01 | Per engagement letter dated Nov. 1, 2022
Devon Archer | Senior Associate — Lead Associate | $785 | 2022-11-01 | Per engagement letter dated Nov. 1, 2022
Nadia Petrov | Associate — Working Associate | $625 | 2022-11-01 | Per engagement letter dated Nov. 1, 2022
Sophia Meng | Paralegal | $375 | 2022-11-01 | Per engagement letter dated Nov. 1, 2022