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GOODRICH QUALITY: Committee Taps Pachulski Stang, Dundon Advisers

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The official committee of unsecured creditors of Goodrich Quality Theaters, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Michigan to retain Pachulski Stang Ziehl & Jones LLP as its counsel.

The Committee requires Pachulski to:

a. assist, advise and represent the Committee in its consultations with the Debtor regarding the administration of this Case;

b. assist, advise and represent the Committee with respect to the Debtor’s retention of professionals and advisors with respect to the Debtor’s business and this Case;

c. assist, advise and represent the Committee in analyzing the Debtor’s assets and liabilities, investigating the extent and validity of liens and participating in and reviewing any proposed asset sales, any asset dispositions, financing arrangements and cash collateral stipulations or proceedings;

d. assist, advise and represent the Committee in any manner relevant to reviewing and determining the Debtor’s rights and obligations under leases and other executory contracts;

e. assist, advise and represent the Committee in investigating the acts, conduct, assets, liabilities and financial condition of the Debtor, the Debtor’s operations and the desirability of the continuance of any portion of those operations, and any other matters relevant to the Case or to the formulation of a plan;

f. assist, advise and represent the Committee in connection with any sale of the Debtor’s assets;

g. assist, advise and represent the Committee in its participation in the negotiation, formulation, or objection to any plan of liquidation or reorganization;

h. assist, advise and represent the Committee in understanding its powers and its duties under the Bankruptcy Code and the Bankruptcy Rules and in performing other services as are in the interests of those represented by the Committee;

i. assist, advise and represent the Committee in the evaluation of claims and on any litigation matters, including avoidance actions; and

j. provide such other services to the Committee as may be necessary in this Case.

Pachulski’s hourly rates are:

Partners/Counsel $675 to $1,495
Associates $625 to $725
Paralegals $395 to $425

Bradford Sandler, Esq., a partner at Pachulski, attests that the firm does not represent any interest adverse to the Debtor’s estate and creditors.

In accordance with Appendix B-Guidelines for reviewing fee applications filed by attorneys in larger Chapter 11 cases, Mr. Sandler disclosed in court filings that his firm has not agreed to a variation of its standard or customary billing arrangements, and that no Pachulski professional has varied his rate based on the geographic location of the Debtors’ bankruptcy cases.

As committee counsel, Pachulski Stang anticipates that the budget for committee professionals will be governed by the terms of the order that may be entered approving the Debtors’ motions for use of cash collateral and debtor-in-possession financing, Mr. Sandler added.

Pachulski Stang can be reached through:

Robert J. Feinstein, Esq.
Bradford J. Sandler, Esq.
Steven W. Golden, Esq.
Pachulski Stang Ziehl & Jones LLP
780 Third Avenue, 34th Floor
New York, NY 10017
Telephone: (212) 561-7700
Facsimile: (212) 561-7777
Email: rfeinstein@pszjlaw.com
bsandler@pszjlaw.com
sgolden@pszjlaw.com

Committee Taps Dundon as Financial Advisor

The official committee of unsecured creditors appointed in Goodrich Quality Theaters, Inc.’s Chapter 11 case, seeks approval from the U.S. Bankruptcy Court for the Western District of Michigan to employ Dundon Advisers LLC as its financial advisor.

Dundon Advisers will provide these services to the committee in connection with Debtor’s Chapter 11 case:

(a) assist in the analysis, review and monitoring of the restructuring process, including, but not limited to an assessment of the unsecured claims pool and potential recoveries for unsecured creditors;

(b) develop a complete understanding of Debtors’ businesses and their valuations;

(c) determine whether there are viable alternative paths for the disposition of Debtors’ assets;

(d) monitor or assist Debtors in their efforts to develop and solicit transactions which would support unsecured creditor recovery;

(e) assist the committee in identifying, valuing and pursuing estate causes of action;

(f) assist the committee to address claims against Debtors and to identify, preserve, value and monetize tax assets of Debtors;

(g) advise the committee in negotiations with Debtors and third parties;

(h) assist the committee in reviewing Debtors’ financial reports;

(i) review and provide analysis of any proposed disclosure statement and Chapter 11 plan, and, if appropriate, assist the committee in developing an alternative Chapter 11 plan;

(j) participate in meetings; and

(k) provide other financial advisory services.

The firm’s professionals will be paid at these rates:

Peter Hurwitz $675 per hour
Phil Preis $625 per hour
Jonathan Feldman $675 per hour

Peter Hurwitz, managing director of Dundon Advisers, disclosed in court filings that his firm is a “disinterested person” within the meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

Peter A. Hurwitz
Dundon Advisers LLC
440 Mamaroneck Avenue, Fifth Floor
Harrison, New York 10528
Telephone: (914) 341-1188
Facsimile: (212) 202-4437

Committee Taps Frost Brown as Co-Counsel

The Official Committee of Unsecured Creditors of Goodrich Quality Theaters, Inc., seeks approval from the U.S. Bankruptcy Court for the Western District of Michigan to hire Frost Brown Todd LLC as co-counsel for the Committee.

The Committee requires Frost Brown to:

(a) advise the Committee with respect to its powers, duties and responsibilities in this chapter 11 case;

(b) provide assistance in the Committee’s investigation of the acts, conduct, assets, liabilities and financial condition of the Debtor, the operation of the Debtor’s businesses and desirability of the continuance of such businesses, and any other matters relevant to this chapter 11 case or to the negotiation and formulation of a plan;

(c) prepare on behalf of the Committee all necessary pleadings and other documentation;

(d) advise the Committee with respect to the Debtor’s formulation of a plan, the Debtor’s proposed plans with respect to the prosecution of claims against various third parties and any other matters relevant to this chapter 11 case or to the formulation of a plan in this chapter 11 case;

(e) provide assistance, advice and representation, if appropriate, with respect to the employment of a Trustee or Examiner, should such action become necessary, or any other legal decision involving interests represented by the Committee;

(f) represent the Committee in hearings and proceedings involving the Committee;

(g) perform such other legal services as may be necessary and in the interest of creditors and this Committee.

The firm’s 2020 hourly rates are:

Ronald E. Gold Member 1989 $675
Douglas L. Lutz Member 1991 $625
Terrence J.L. Reeves Member 2008 $430
A.J. Webb Associate 2015 $325
Erin P. Severini Attorney 2002 $310

Ronald E. Gold, Esq., a member of Frost Brown Todd LLC, attests that each of its members, counsel and associates is a “disinterested person” within the meaning of section 101(14) of the Bankruptcy Code, with respect to the matters for which it is to be retained, according to court filings.

The firm can be reached through:

Ronald E. Gold, Esq.
Frost Brown Todd LLC
Great American Tower
301 East Fourth Street, Suite 3300
Cincinnati, OH 45202
Phone: 513-651-6800
Fax: 513-651-6981

About Goodrich Quality Theaters

Goodrich Quality Theaters, Inc. owns and operates 30 theaters with 281 screens in cities throughout Michigan, Indiana, Illinois, Florida and Missouri.

Goodrich Quality Theaters sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Mich. Case No. 20-00759) on Feb. 25, 2020. At the time of the filing, the Debtor had estimated assets of between $50 million and $100 million and liabilities of between $10 million and $50 million.

Judge Scott W. Dales oversees the case. The Debtor tapped Keller & Almassian, PLC as legal counsel; Stout Risius Ross Advisors, LLC as investment banker and Novo Advisors as financial advisor.

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