[sheet: Invoice Summary]

[sheet: Invoice Summary]
Field | Value
Firm | Calderwood & Harkness LLP
Firm Address | 1201 Market Street, Suite 2500, Wilmington, DE 19801
Main Office | 299 Park Avenue, 35th Floor, New York, NY 10171
Invoice Date | 2025-07-02
Invoice Number | INV-10294-0017-FINAL
Matter Number | 10294.0017
Matter Description | Solstice Biomedical Devices Ltd. — Patent Infringement Defense — Apex Surgical Innovations, Inc. v. Solstice Biomedical, Inc., Case No. 1:24-cv-00587-RGA (D. Del.)
Client | Solstice Biomedical Devices Ltd.
Client Address | Unit 14, Clonskeagh Business Park, Clonskeagh Road, Dublin 14, D14 YF28, Ireland
U.S. Operating Subsidiary | Solstice Biomedical, Inc. (EIN: 84-3291056), 3800 Concord Pike, Suite 410, Wilmington, DE 19803
Attention | Eamon Rourke, General Counsel
Responsible Partner | Marcus Delgado
Billing Partner | Catherine Bloom
Engagement Letter Date | 2024-05-10
Billing Period | 2024-05-09 through 2025-07-02 (Final)
Court | U.S. District Court for the District of Delaware
Case Number | 1:24-cv-00587-RGA
Opposing Party | Apex Surgical Innovations, Inc.
Opposing Counsel | Hargrove, Tate & Bennington LLP (Victoria Stanton)
Matter Status | Settled — Stipulation of Dismissal with Prejudice filed 2025-07-01
FINANCIAL SUMMARY
Total Attorney Fees | $2,611,480.00
Total Costs & Disbursements | $235,839.42
Grand Total (Fees + Costs) | $2,847,319.42
Insurance Carrier | Halcyon Specialty Insurance Co.
Policy Number | HSI-IP-2023-04891
Self-Insured Retention (SIR) | $250,000.00
Insurance Reimbursement Applied | $2,597,319.42
Remaining Client Balance (SIR) | $250,000.00
Amount Due from Client | $250,000.00
Payment Terms | Net 30 days
[sheet: Attorney Fees Detail]
Timekeeper | Title / Role | Billing Rate ($/hr) | Total Hours | Total Fees
Marcus Delgado | Responsible Partner, intellectual Property | $1,250.00 | 412.0 | $515,000.00
Catherine Bloom | Billing Partner, intellectual Property | $1,250.00 | 186.5 | $233,125.00
Christy Bauer | Lead Associate, intellectual Property | $875.00 | 1124.8 | $984,200.00
Peter Vassiliev | Working Associate, intellectual Property | $725.00 | 1213.0 | $879,155.00
TOTAL | 2936.3 | $2,611,480.00
[sheet: Costs & Disbursements Detail]
Category | Vendor / Payee | Description | Amount
Expert Fees | Dr. Miriam Ostrowski (Halford University) | Technical expert — invalidity and claim construction ($750/hr) | $127,500.00
Expert Fees | Pinnacle Economics Group LLC (Dr. Elena Marchetti) | Damages expert — Georgia-Pacific analysis ($850/hr) | $89,250.00
Expert Fees Subtotal | $216,750.00
E-discovery | DataVault Litigation Solutions, LLC | ESI processing, TAR workflow, hosting — 1.2 TB / 312,000 documents | $141,200.00
E-discovery Subtotal | $141,200.00
Court Reporter Fees | Various | Deposition transcripts and hearing transcripts | $18,425.00
Court Reporter Fees Subtotal | $18,425.00
Court Filing Fees | U.S. District Court, District of Delaware | Filing fees — answer, motions, and related filings | $2,840.00
Court Filing Fees Subtotal | $2,840.00
Travel Expenses | Various | Attorney travel — Wilmington, DE hearings, depositions, mediations, and client meetings | $14,650.42
Travel Expenses Subtotal | $14,650.42
Mediation / ADR Fees | Amberstone ADR Services | Mediation session — Hon. Margaret Forsythe (Ret.) — 2025-03-17 | $8,500.00
Mediation / ADR Fees Subtotal | $8,500.00
Outside Copying / Printing | Various | Document reproduction for court filings and expert binders | $3,974.00
Outside Copying / Printing Subtotal | $3,974.00
Research Services | Various | Legal research databases and patent search tools | $7,500.00
Research Services Subtotal | $7,500.00
Miscellaneous | Various | Postage, courier, and other miscellaneous disbursements | $22,000.00
Miscellaneous Subtotal | $22,000.00
GRAND TOTAL — COSTS & DISBURSEMENTS | $235,839.42
[sheet: Insurance Reconciliation]
Line Item | Amount | Notes
Total Attorney Fees Billed | $2,611,480.00 | Calderwood & Harkness LLP — Matter 10294.0017
Total Costs & Disbursements Billed | $235,839.42 | Expert fees, e-discovery, court costs, travel, etc.
Grand Total Billed | $2,847,319.42 | Fees + Costs
Insurance Policy | Halcyon Specialty Insurance Co. — Policy No. HSI-IP-2023-04891
Coverage Type | Patent infringement defense costs
Per-Occurrence Limit | $5,000,000.00
Aggregate Limit | $10,000,000.00
Self-Insured Retention (SIR) | $250,000.00 | Client's deductible obligation
Claims Adjuster | Sandra Keene, Halcyon Specialty Insurance Co.
Amount Covered by Insurance | $2,597,319.42 | Grand Total ($2,847,319.42) less SIR ($250,000.00)
Amount Borne by Client (SIR) | $250,000.00 | Self-insured retention — client responsibility
Remaining Per-Occurrence Capacity | $2,402,680.58 | $5,000,000.00 − $2,597,319.42
Settlement Payment (Lump Sum) | $8,750,000.00 | NOT covered by insurance — borne entirely by Solstice
Running Royalty Obligations | Ongoing | 3.75% of Net Sales; NOT covered by insurance
Net Amount Due from Client | $250,000.00 | Self-insured retention — payable to Calderwood & Harkness LLP
[sheet: Fee Phasing Summary]
Phase | Period | Attorney Fees | Costs & Disbursements | Phase Total
Engagement, Case Assessment & Pleadings | May 2024 – Jul 2024 | $285,750.00 | $4,210.00 | $289,960.00
Fact discovery (Including E-discovery) | Jul 2024 – Dec 2024 | $768,400.00 | $162,340.00 | $930,740.00
Claim Construction (Markman) | Oct 2024 – Dec 2024 | $312,180.00 | $6,850.00 | $319,030.00
Expert discovery | Jan 2025 – Mar 2025 | $524,600.00 | $42,175.42 | $566,775.42
Motions Practice (Summary Judgment) | Mar 2025 – May 2025 | $378,300.00 | $8,764.00 | $387,064.00
Mediation & Settlement Negotiations | Mar 2025 – Jun 2025 | $298,250.00 | $10,500.00 | $308,750.00
Settlement Documentation & Closing | Jun 2025 – Jul 2025 | $44,000.00 | $1,000.00 | $45,000.00
TOTAL | May 2024 – Jul 2025 | $2,611,480.00 | $235,839.42 | $2,847,319.42
[sheet: Third-Party Vendor Summary]
Vendor / Expert | Role | Engagement Scope | Total Invoiced | Notes
Dr. Miriam Ostrowski (Halford University) | Technical Expert — Invalidity / Claim Construction | Expert report, rebuttal report, deposition preparation | $127,500.00 | $750/hr; retained 2024-08-20
Pinnacle Economics Group LLC (Dr. Elena Marchetti) | Damages Expert | Georgia-Pacific reasonable royalty analysis, rebuttal | $89,250.00 | $850/hr; retained 2024-11-15
DataVault Litigation Solutions, LLC | E-discovery Vendor | ESI processing (1.2 TB), TAR workflow, document hosting, 312,000 docs reviewed | $141,200.00 | Philadelphia, PA
Amberstone ADR Services | Mediation Provider | Mediation session — Hon. Margaret Forsythe (Ret.) — 2025-03-17 | $8,500.00 | Wilmington, DE; mediation unsuccessful
Kendrick & Lau LLP | Patent Prosecution Counsel (Separate Engagement) | Prior art search, prosecution history review, FTO analysis | $184,500.00 | Billed separately; not included in C&H totals
Ridgeline IP Analytics LLC (Dr. Arthur Gaines) | Patent Valuation Consultant | Confidential patent portfolio valuation for settlement negotiations | Billed separately | McLean, VA; not included in C&H totals
TOTAL (Included in C&H Matter 10294.0017) | $366,450.00 | Excludes Kendrick & Lau and Ridgeline (billed separately)