Thread regarding Sears layoffs

Court Filed Legal, Advisory, Administrative expenses to date

And a projected billing from SHLD MAIN legal team

Total REAL Billing: $13,071,066.07

Total Billing DUE: $9,602,453.06

PROJECTED MAIN Legal team billings

REAL: $9,346,986.98

DUE: $7,477,589.58

Actual due takes in to account the 20% holdbacks from certain billings

So $22,418,053.05 Real and Reduced $17,080,043.44 is better spent on legal b.s. versus severance packages

At the current rate this legal process eventually could be up to or more than 90 million dollar - thats a lot of severance

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Post ID: @OP+WJQvTYH

2 replies (most recent on top)

A 90 million dollar legal enmna.

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Post ID: @lmo+WJQvTYH

The real reason no law firm on the case is in a real rush to push for Chapter 7

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Post ID: @fsr+WJQvTYH

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