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In re: Chapter 11
for persons that have not yet asserted an asbestos-related personal injury claim against the above-
captioned debtor (the “Debtor”) but may in the future assert such a claim (the “Future
Claimants”), submits this application (this “Application”) for an order, pursuant to sections 328
and 1103 of title 11 of the United States Code (the “Bankruptcy Code”), Rules 2014 and 2016 of
the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”), and Rules 2014-1, 2016-1,
and 9013-1(f)(8) of the Rules of Practice and Procedure of the United States Bankruptcy Court
for the Western District of North Carolina (the “Local Rules”), authorizing the Future Claimants’
Representative to co-retain and employ FTI Consulting, Inc. (“FTI” or the “Firm”) as his
financial advisor, effective as of April 4, 2018. In support of this Application, the Future
Claimants’ Representative relies upon the Declaration of Matthew Diaz Under Rules 2014 and
2016 of the Federal Rules of Bankruptcy Procedure and Section 328 of the U.S. Bankruptcy
Code in Support of the Ex Parte Application of the Future Claimants’ Representative to Co-
1
The last four digits of the Debtor’s taxpayer identification number are 5815. The Debtor’s address is 100
Peachtree Street, N.W., Atlanta, Georgia 30303.
01:22911910.10
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Retain FTI Consulting, Inc. as Financial Advisor with the Official Committee of Asbestos
Claimants (the “Diaz Declaration”), attached hereto as Exhibit A, and represents as follows:
JURISDICTION
1. The Court has jurisdiction over this Application pursuant to 28 U.S.C. §§ 157 and
2. The statutory predicates for this Application are sections 328 and 1103 of the
Bankruptcy Code, Bankruptcy Rules 2014 and 2016, and Local Rules 2014-1, 2016-1, and 9013-
1(f)(8).
BACKGROUND
reorganization case by filing a voluntary petition for relief under chapter 11 of the Bankruptcy
Code.
4. On November 16, 2017, the Court entered an order [Docket No. 97] appointing
the official committee of asbestos claimants (the “Committee”) in this chapter 11 case.
5. On January 24, 2018, the Committee filed an application [Docket No. 189]
seeking authorization to retain and employ FTI as its financial advisor (the “Committee’s
Diaz [Docket No. 212] (the “Supplemental Diaz Declaration”), supplementing the services
requested to be provided under the Committee’s Application to include certain electronic data
hosting and processing. On February 14, 2018, the Court entered an order approving that
application [Docket No. 256] and authorizing FTI to be compensated for its services and
reimbursed for any related expenses in accordance with the applicable provisions of the
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Bankruptcy Code, the Bankruptcy Rules, the Local Rules, and pursuant to any procedures that
6. On February 23, 2018, the Court entered an order [Docket No. 278] (the “FCR
the entry of an order, substantially in the form attached hereto as Exhibit B, authorizing him to
arising in this case, including, but not limited to, evaluating the financial condition of the Debtor
and New GP and negotiating the economic terms of a plan of reorganization containing an
injunction of the type authorized pursuant to section 524(g) of the Bankruptcy Code. FTI is well
qualified to fulfill that need and to render other necessary services to the Future Claimants’
Representative. The Future Claimants’ Representative is familiar with the professional standing
and reputation of FTI and understands and recognizes that FTI has a wealth of experience in
excellent reputation for services it has rendered in complex chapter 11 cases on behalf of debtors
9. The Future Claimants’ Representative, the Committee, and FTI have agreed that
FTI will jointly advise the Future Claimants’ Representative and the Committee on the same
terms and conditions as the Committee’s retention of FTI. Co-retention of FTI by the Future
Claimants’ Representative and the Committee is appropriate in this case because the interests of
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the Future Claimants and the Committee’s constituency are aligned with respect to protecting the
rights of all asbestos-related personal injury claimants, preserving the assets of the estate and
maximizing the value of the Debtor’s assets. Further, co-retention of FTI will conserve estate
resources and minimize duplication of efforts among the Future Claimants’ Representative and
the Committee. The Debtor does not oppose to Future Claimants’ Representative and the
10. The Future Claimants’ Representative, the Committee, and FTI further agree that
to the extent the Committee or the Future Claimants’ Representative determines that an actual or
perceived conflict has arisen with respect to co-retention of FTI, then upon notice to FTI, FTI
shall no longer represent the Future Claimants’ Representative, but shall continue to represent
the Committee.2 The Future Claimants’ Representative further requests that in such
circumstances, the Future Claimants’ Representative shall have the right to apply to this Court to
11. The Future Claimants’ Representative seeks to retain FTI on the same terms and
Representative anticipates that FTI will provide the same services to the Future Claimants’
Application, ¶ 8 (the “Services”) and under the same fees and expenses as described in the
Committee’s Application, ¶¶ 19-23. FTI understands that its fees and expenses in this chapter 11
case will be subject to the requirements of sections 330 and 331 of the Bankruptcy Code and
2
The termination of FTI’s representation of the Future Claimants’ Representative due to such actual or
perceived conflict shall not affect the confidentiality of any work product or terminate any joint or common interest
privilege between the Future Claimants’ Representative and the Committee or affect the confidentiality of any work
performed by FTI on behalf of the Future Claimants’ Representative prior to the termination of the representation.
4
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applicable provisions of the Bankruptcy Rules, the Local Rules, the Compensation Guidelines
issued by the Court, the order [Docket No. 132] (the “Interim Compensation Order”) entered
with respect to the Motion of the Debtor for an Order Establishing Procedures for Interim
applicable procedures and orders of the Court. FTI will file consolidated fee applications with
the Court as required and use separate task codes to delineate work directed specifically for the
12. The Services to be rendered by FTI will not duplicate the services to be rendered
by any other professionals retained by the Future Claimants’ Representative in this chapter 11
case. Rather, by authorizing the Future Claimants’ Representative to co-retain FTI with the
Committee, it will avoid the unnecessary duplication of services that would result if the Future
13. Parties with similarly-aligned interests in other asbestos bankruptcy cases have
been authorized to co-retain professionals, preserving valuable estate assets. See, e.g., In re:
Kaiser Gypsum Company, Inc., et al., Case No. 16-31602 (JCW) (Bankr. W.D.N.C. 2016)
[Docket No. 580] (approving the co-retention of a special insurance counsel by the future
claimants’ representative and the asbestos personal injury claimants committee); see also In re:
United Gilsonite Laboratories, Case No. 5:11-bk-02032 (RNO) (Bankr. M.D.Pa. 2011) [Docket
No. 250] (approving the co-retention of a valuation consultant by the future claimants
INDEMNIFICATION
14. In addition to the foregoing, and as a material part of the consideration for the
agreement of FTI to furnish services to the Future Claimants’ Representative pursuant to the
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terms of this Application, FTI believes that the following indemnification terms, which
approved by the Court, are customary and reasonable for financial advisors in chapter 11 cases:
(a) subject to the provisions of subparagraphs (b) and (c) below and approval
of the Court, the Debtor is authorized to indemnify, and shall indemnify,
FTI for any claims arising from, related to, or in connection with FTI’s
engagement under this Application, but not for any claim arising from,
related to, or in connection with FTI’s post-petition performance of any
other services other than those in connection with the engagement, unless
such post-petition services and indemnification therefor are approved by
the Court; and
(b) the Debtor shall have no obligation to indemnify FTI for any claim or
expense that is either (i) judicially determined (the determination having
become final) to have arisen primarily from FTI’s gross negligence,
willful misconduct or fraud unless the Court determines that
indemnification would be permissible pursuant to In re United Artists
Theatre Company, et al., 315 F.3d 217 (3d Cir. 2003), or (ii) settled prior
to a judicial determination as to FTI’s gross negligence, willful
misconduct or fraud, but determined by the Court, after notice and a
hearing, to be a claim or expense for which FTI is not entitled to receive
indemnity under the terms of this Application; and
(c) if, before the earlier of (i) the entry of an order confirming a plan in this
chapter 11 case (that order having become final and no longer subject to
appeal), and (ii) the entry of an order closing this chapter 11 case, FTI
believes it is entitled to the payment of any amounts by the Debtor on
account of the Debtor’s indemnification obligations under this
Application, including, without limitation, the advancement of defense
costs, FTI must file an application in the Court, and the Debtor may not
pay any such amounts to FTI before the entry of an order by the Court
approving the payment. This subparagraph (c) is intended only to specify
the period of time under which the Court shall have jurisdiction over any
request for fees and expenses by FTI for indemnification, and not as a
provision limiting the duration of the Debtor’s obligation to indemnify
FTI.
The Future Claimants’ Representative believes that indemnification is customary and reasonable
for financial advisors in chapter 11 proceedings. See In re Joan & David Halpern, Inc., 248 B.R.
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15. FTI has informed the Future Claimants’ Representative that, except as may be set
forth in the Diaz Declaration, it does not represent any other entity having an adverse interest in
connection with this chapter 11 case, and therefore believes it is eligible to represent the Future
16. To the best of the Future Claimants’ Representative’s knowledge, and except as
disclosed in the Diaz Declaration: (i) both Mr. Diaz and FTI are “disinterested persons” within
the meaning of sections 101(14), 328(c) and 1103(a) of the Bankruptcy Code and hold no
interest adverse to the Future Claimants’ Representative or the Debtor’s asbestos creditors on the
matters for which they are to be employed; (ii) neither Mr. Diaz nor FTI has any connection to
the Debtor, its creditors, or related parties herein except as disclosed in the Diaz Declaration; and
(iii) the FTI professionals working on this matter are not relatives of the bankruptcy
administrator or of any known employee in the office thereof, or any United States Bankruptcy
17. In connection with this co-retention, all communications with and among FTI, the
Future Claimants’ Representative, and the Committee, as well as any attorney, agent or
employee acting on the Future Claimants’ Representative’s or the Committee’s behalf, will be
regarded as confidential and made solely for the purpose of assisting counsel in giving legal
advice to the Future Claimants’ Representative and/or the Committee. FTI will not disclose to
anyone, without prior written permission of the Future Claimants’ Representative and/or the
Committee, the nature or content of any oral or written communication, or any information
gained from inspection of any papers, records, or documents sent to the Future Claimants’
Representative and/or the Committee. Nor will FTI permit the inspection of any such papers,
7
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records, or documents, without the prior written permission of the Future Claimants’
Representative or the Committee. Further, the Future Claimants’ Representative and the
Committee have agreed that neither party will request that FTI provide them with the work
product of the other party’s counsel or other professionals without first obtaining written consent
18. The Future Claimants’ Representative is satisfied that FTI does not represent an
interest adverse to the Future Claimants’ Representative with respect to the matters for which
FTI will be employed and is a disinterested person, as that term is defined in section 101(14) of
the Bankruptcy Code. Other than as set forth herein and in the Diaz Declaration, FTI has not
provided, and will not provide, any professional services to the Debtor, any of the creditors,
other parties-in-interest, or their respective attorneys and accountants with regard to any matter
related to this chapter 11 case. The employment of FTI would be in the best interests of the
Debtor’s estate and creditors, the Future Claimants’ Representative and the Future Claimants.
NOTICE
19. Pursuant to Local Rule 9013-1(f), the Future Claimants’ Representative seeks
approval of this Application on an ex parte basis. Upon entry of an order granting the relief
requested, the Future Claimants’ Representative will provide notice of entry of the order in
accordance with the Bankruptcy Rules and the Local Rules, and any party in interest shall be
entitled to request that the Court reconsider the relief provided within fourteen days of service of
NO PREVIOUS REQUEST
20. No previous request for the relief sought in this Application has been made to this
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substantially in the form attached hereto as Exhibit B, authorizing him to co-retain FTI as his
financial advisor with the Committee, and granting such other and further relief as is just and
proper.
-and-
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EXHIBIT A
Diaz Declaration
01:22911910.10
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In re: Chapter 11
Debtor.
1. I am a Senior Managing Director with FTI Consulting, Inc., together with its
wholly owned subsidiaries (“FTI”), an international consulting firm. I submit this declaration
(this “Declaration”) on behalf of FTI in support of the application (the “Application”)2 of the
Future Claimants’ Representative for an order authorizing the co-retention and employment of
FTI as financial advisor with the Committee under the terms and conditions set forth in the
Application. Except as otherwise noted,3 I have personal knowledge of the matters set forth
herein.
SERVICES TO BE PROVIDED
2. As set forth in the Application, FTI will provide the Future Claimants’
Representative with such financial advisory services that the Future Claimants’ Representative
1
The last four digits of the Debtor’s taxpayer identification number are 5815. The Debtor’s address is 100
Peachtree Street, N.W., Atlanta, Georgia 30303.
2
Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the
Application.
3
Certain of the disclosures herein relate to matters within the personal knowledge of other professionals at FTI
and are based on information provided by them.
01:22911910.10
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deems appropriate and feasible in order to advise the Future Claimants’ Representative in the
course of this chapter 11 case, including, but not limited to, the following:
(b) Preparing analyses required to assess the Debtor’s funding agreement with
Georgia Pacific and any other proposed financing;
(c) Assessing and monitoring the Debtor’s and its subsidiaries’ short term
cash flow, liquidity, and operating results;
(d) Reviewing the Debtor’s analysis of core business assets, valuation of those
assets, and the potential disposition or liquidation of non-core assets;
(f) Reviewing any tax issues associated with, but not limited to, claims
trading, preservation of net operating losses, and refunds due to the
Debtor;
2
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(m) Rendering such other general business consulting or such other assistance
as the Future Claimants’ Representative or its counsel may deem
necessary that are consistent with the role of a financial advisor and not
duplicative of services provided by other professionals in this proceeding.
arising in this case. As noted in the Application, FTI has substantial experience and expertise in
matters of this nature. Accordingly, the Firm is well qualified to perform these services and
represent the interests of the Future Claimants’ Representative in this chapter 11 case. FTI is
prepared to work closely with the Future Claimants’ Representative and his counsel, as well as
the Committee and its counsel, to ensure that there is no duplication of effort or cost.
4. The Future Claimants’ Representative, the Committee, and FTI have agreed that
to the extent the Committee or the Future Claimants’ Representative determines that an actual or
perceived conflict has arisen with respect to the co-retention of FTI, then upon notice to FTI, FTI
shall no longer represent the Future Claimants’ Representative, but shall continue to represent
the Committee.4
co-retention of FTI, all communications with and among FTI, the Future Claimants’
Representative, and the Committee, as well as any attorney, agent or employee acting on the
and made solely for the purpose of assisting counsel in giving legal advice to the Future
Claimants’ Representative and/or the Committee. FTI will not disclose to anyone, without prior
4
The termination of FTI’s representation of the Future Claimants’ Representative due to such actual or
perceived conflict shall not affect the confidentiality of any work product or terminate any joint or common interest
privilege between the Future Claimants’ Representative and the Committee or affect the confidentiality of any work
performed by FTI on behalf of the Future Claimants’ Representative prior to the termination of the representation.
3
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written permission of the Future Claimants’ Representative and/or the Committee, the nature or
content of any oral or written communication, or any information gained from inspection of any
papers, records, or documents sent to the Future Claimants’ Representative and/or the
Committee. Nor will FTI permit the inspection of any such papers, records, or documents,
without the prior written permission of the Future Claimants’ Representative or the Committee.
Further, the Future Claimants’ Representative and the Committee have agreed that neither party
will request that FTI provide them with the work product of the other party’s counsel or other
professionals without first obtaining written consent from such other party.
support thereof, sworn to and subscribed by me (the “Prior Diaz Declaration”), disclosing any
and all “connections” to such entities identified by FTI during such conflicts check.
8. Other than as set forth in the Prior Diaz Declaration, or disclosed herein or in the
Application, to the best of my knowledge and information after due inquiry, FTI does not have
any connection with any of the parties listed on Schedule 1 in matters related to this chapter 11
case.
9. In addition, except as set forth in the Prior Diaz Declaration, or disclosed herein
or in the Application, neither FTI nor any of its professionals has any interest in or connection
with the Debtor, its creditors, the Office of the United States Bankruptcy Administrator for the
Western District of North Carolina or any person employed in that Office, the Judges for the
4
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United States Bankruptcy Court for the Western District of North Carolina, or any other known
party-in-interest.
10. FTI will supplement this declaration if it becomes aware of any other relationship
PROFESSIONAL COMPENSATION
11. Subject to Court approval and in accordance with the applicable provisions of the
Bankruptcy Code, the Bankruptcy Rules, the Local Rules, the Compensation Guidelines, and the
Interim Compensation Order, FTI will seek payment for compensation on an hourly basis, plus
reimbursement of actual and necessary expenses incurred by FTI, including legal fees related to
the Application and future fee applications, as approved by the Court. FTI will file consolidated
fee applications with the Court and use separate task codes to delineate work directed
specifically for the benefit of the Committee or the Future Claimants’ Representative. FTI will
seek compensation solely from the Debtor and its estate and the Future Claimants’
Representative will have no personal liability for any obligation to FTI arising from this
Application. FTI’s customary hourly rates as charged in bankruptcy and non-bankruptcy matters
of this type by the professionals assigned to this engagement are outlined in the Committee’s
Application, the Prior Diaz Declaration, and the Supplemental Diaz Declaration. These hourly
12. According to FTI’s books and records, during the ninety-day period prior to the
commencement of this chapter 11 case, FTI performed no professional services and incurred no
13. To the best of my knowledge, (i) no commitments have been made or received by
FTI with respect to compensation or payment in connection with this case other than in
5
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accordance with the provisions of the Bankruptcy Code and (ii) FTI has no agreement with any
other entity to share with such entity any compensation received by FTI in connection with this
chapter 11 case.
Pursuant to 28 U.S.C. § 1746, I declare under penalty of perjury that the facts and
statements set forth above are either (i) within my personal knowledge and are true and correct,
or (ii) based upon information supplied to me by others, including certain professionals at FTI,
and as such are true and correct to the best of my knowledge, information, and belief.
6
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SCHEDULE 1
BESTWALL LLC
Koch Agronomic Services, LLC Koch Koch Fertilizer Dodge City, LLC
Alaska Pipeline Company, LLC Koch Asia- Koch Fertilizer Enid, LLC
Pacific G.K. Koch Fertilizer Ft. Dodge, LLC
Koch Australia Pty Limited Koch Fertilizer International Limited
Koch Biological Solutions, LLC Koch Koch Fertilizer Products SAS
Business Holdings, LLC Koch Fertilizer Trading Sàrl
Koch Business Solutions - Asia Pacific Pte. Koch Fertilizer Trading Sàrl Sucursal
Ltd. Uruguay
Koch Business Solutions - Europe S.à r.l. Koch Fertilizer, LLC
Koch Business Solutions, LP Koch Financial Company, LLC
Koch Canada Energy Services, LP Koch Global Capital, LLC
Koch Canada Real Estate and Properties, Koch Global Partners, LLC
LLC Koch Heat Transfer Canada LP Koch Heat
Koch Capital Investments Company, LLC Transfer Company, LP Koch Industries, Inc.
Koch Carbon (UK) Limited Koch International B.V.
Koch Carbon Belgium BVBA Koch International SAS
Koch Carbon, LLC Koch International Shared Services, L.P.
Koch Chemical Technology Group India KOCH KNIGHT LLC MERKEZİ
Pvt. Ltd. AMERİKA İSTANBUL MERKEZ
Koch Chemical Technology Group ŞUBESİ
Limited Koch Knight, LLC
Koch Chemical Technology Group S.L. Koch Knight, LLC (Chile)
Koch Chemical Technology Group Saudi Koch Knight, LLC, a Dominican Republic
Arabia Limited Branch
Koch Chemical Technology Group Koch Logistics, LLC Koch Marine, LLC
Singapore Pte. Ltd. Koch Membrane Systems, Inc.
Koch Chemical Technology Group, S. de Koch Metals Trading Limited
R.L. de C.V. Koch Methanol, LLC Koch Midstream
Koch Chemtech (Shanghai) Trading Limited Services Company, LLC Koch Minerals
Koch Commodities Europe Limited Colombia S.A.S.
Koch Companies Public Sector, LLC Koch Minerals Products (Beijing) Co., Ltd.
Koch Companies Services, LLC Koch Minerals, LLC
Koch CTG Middle East FZE Koch Nitrogen International Sàrl
Koch CTG S.à r.l., Russian Branch Koch Nitrogen International Sàrl, a
Koch Energy Services, LLC Cayman Islands Branch Koch Nitrogen
Koch Equity Development LLC Koch Shipping, Ltd. Koch Oil Sands Operating
Exploration Canada, L.P. ULC Koch Performance Roads, Inc. Koch
Koch Exploration Company, LLC Pipeline Company, L.P.
Koch Fertiliser Australia Pty Ltd Koch Koch Pipeline Company, LLC Koch
Fertilizantes do Brasil Ltda. Pipeline Services, LLC Koch Properties
Koch Fertilizer (Beijing) Co., Ltd. Koch Company, L.P. Koch Properties UK Limited
Fertilizer Asia Private Ltd. Koch Pulp & Paper Trading, LLC
Koch Fertilizer Beatrice, LLC Koch Rail, LLC
Koch Fertilizer Canada, ULC
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Koch Real Estate Investments, LLC Koch Molex Connected Enterprise Solutions sp z
Redwood Investments, LLC o.o
Koch Refining International Pte. Ltd. Molex de Mexico, S.A. de C.V.
Koch Remediation & Environmental Molex Electronic Technologies, LLC
Services, LLC Molex Elektronik GmbH
Koch Renewable Resources, LLC Molex Hong Kong/China Limited Molex
Koch Resources, LLC Integrated Products Philippines, Inc.
Koch RP Holdings I, LLC Molex Interconnect (Chengdu) Co., Ltd.
Koch Shared Services, LLC Koch Shipping Molex Interconnect (Shanghai) Co., Ltd.
Pte. Ltd. Molex Interconnect GmbH Molex Japan
Koch Specialty Plant Services, LLC LLC Molex Korea Ltd.
Koch Sulfur Products Company, LLC Molex Singapore Pte. Ltd.
Koch Supply & Trading Sàrl Molex Sp. z.o.o.
Koch Supply & Trading, LP Molex Taiwan Ltd. Molex Trading
Koch Technology and Optimization, LLC (Shanghai) Limited Molex Vietnam Co.,
Koch Tecnologia Química Ltda. Ltd. Molex, LLC
Koch-Glitsch BVBA Molex, S.A. de C.V.
Koch-Glitsch Canada LP Moscow Camden and San Augustine
Koch-Glitsch France - Division of Koch Railroad LLC Nallatech Limited Nallatech,
International SAS LLC Nekoosa Papers Inc.
Koch-Glitsch Italia S.r.l. Nylmex, S. de R.L. de C.V.
Koch-Glitsch Korea Ltd. Old Augusta Railroad, LLC
Koch-Glitsch, LP Oplink China Business Trust
KOMSA Sàrl Oplink Communications US Division,
KPL Northern States, LLC LLC
KSISH Investments, LLC Oplink Communications, LLC Optimized
Leaf River Cellulose, LLC Process Designs, LLC P.Y. Group, Inc.
Leaf River Forest Products LLC PAX Corrugated Products, Inc.
Lumberton Cellulose LLC Performance Roads Design, Inc. Phoenix
Market-Based Management, LLC Marsco Athletic Club LLC Pilar Singapore Pte. Ltd.
Glass Products, L.L.C. Preferred Returns G/P, LLC
Matador Cattle Company, LLC Pro-Tek Medical Limited
Matador Security Company NY, LLC Radcliffe Unlevered Ultra Short Duration
Matador Security Company, Inc. Fund, L.P.
MBM Center, Inc. Memphis Cellulose LLC Radial Insight, LLC
Mesa PDC, L.L.C. Reliable Container Corporation
Milford Redevelopment LLC Minnesota Reliable Container de Mexico, S.A. de C.V.
Pipe Line Company, LLC Molex (China) Reliable Packaging de Mexico, S.A. de C.V.
Investment Co., Ltd. Molex (India) Private Reliable Packaging Products, Inc.
Limited Molex (Malaysia) Sdn. Bhd. Resinas Concordia S.R.L.
Molex Canada Ltd. SDP Telecom (Suzhou) Co. Ltd. Sea Breeze
Molex Connected Enterprise Solutions Pty. Communication Company SLF IV Lending
Ltd. Co-Investment, L.P.
Spandler Bros Limited
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Parties in Non-Asbestos
Litigation with the Debtor
Shelley Abel
Katrina Adams
Debbie Brown
Ann Dornblazer
Alexandria Kenny
Sarah Scholz
David Shepard
Anne Whitley
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EXHIBIT B
Proposed Order
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In re: Chapter 11
Debtor.
Upon the application (the “Application”)2 of the Future Claimants’ Representative for
entry of an order (this “Order”) authorizing the co-retention and employment of FTI as financial
advisor with the Committee nunc pro tunc to April 4, 2018; it appearing that this Court has
jurisdiction to consider the Application pursuant to 28 U.S.C. §§ 157 and 1334; and it appearing
that venue of the Application in this district is proper pursuant to 28 U.S.C. §§ 1408 and 1409;
1
The last four digits of the Debtor’s taxpayer identification number are 5815. The Debtor’s address is 100
Peachtree Street, N.W., Atlanta, Georgia 30303.
2
Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the
Application.
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and it appearing that this matter is a core proceeding pursuant to 28 U.S.C. § 157(b); and upon
the Diaz Declaration and the Prior Diaz Declaration; and this Court having previously entered
the Order Approving the Ex Parte Application of the Official Committee of Asbestos Claimants to
Retain and Employee FTI Consulting, Inc. as Financial Advisor as of January 2, 2018 [Docket
No. 256]; and this Court being satisfied based on the representations made in the Application, the
Diaz Declaration and the Prior Diaz Declaration that (a) FTI is a “disinterested person” within
the meaning of section 101(14) of the Bankruptcy Code, (b) FTI does not represent any person or
entity having an interest adverse to the Future Claimants’ Representative in connection with this
chapter 11 case, (c) FTI does not hold or represent an interest adverse to the interests of the
Debtor’s estate with respect to matters on which FTI is to be employed, (d) FTI has no
connection to the Debtor, its creditors, or any other party in interest except as disclosed in the
Diaz Declaration and the Prior Diaz Declaration, and (e) the co-retention and employment of FTI
as a consultant to and expert for the Future Claimants’ Representative and the Committee is
reasonable, necessary and appropriate and is in the best interests of the Future Claimants’
Representative, the Committee, the Debtor, and its estate; and this Court having found that notice
of the Application was sufficient under the circumstances, and that, except as otherwise ordered
herein, no other or further notice is necessary; and after due deliberation thereon; and good and
2. In accordance with sections 328 and 1103 of the Bankruptcy Code, Bankruptcy
Rules 2014 and 2016, and Local Rules 2014-1, 2016-1, and 9013-1(f)(8), the Future Claimants’
Representative is hereby authorized to co-retain and employ FTI as its financial advisor with the
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Committee in the above-captioned chapter 11 case on the same terms and conditions as the
3. FTI is authorized to render the professional services set forth in the Application
4. FTI shall use reasonable efforts to avoid any duplication of services provided by
any of the Future Claimants’ Representative’s other retained professionals in this chapter 11
case.
determines that a conflict has arisen with respect to the co-retention of FTI, then upon notice to
FTI, FTI shall no longer represent the Future Claimants’ Representative, but shall continue to
represent the Committee.3 In such circumstances, the Future Claimants’ Representative has the
shall not be deemed a waiver of any common interest privilege, attorney-client privilege, or work
product protection.
7. Neither the Future Claimants’ Representative nor the Committee shall request that
FTI provide them with the work product of the other party’s counsel or other professionals
8. FTI shall apply for compensation for professional services rendered and
Claimants’ Representative in the Debtor’s chapter 11 case in compliance with sections 330 and
3
To the extent that a conflict arises and that FTI ceases representation of the Future Claimants’
Representative, such decision to terminate the representation shall have no affect the confidentiality of any work
product to date or terminate any joint or common interest attorney-client privilege between the parties.
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331 of the Bankruptcy Code and applicable provisions of the Bankruptcy Rules, the Local Rules,
the Compensation Guidelines issued by this Court, the Interim Compensation Order, and any
9. FTI shall be compensated solely from the Debtor and its estate and the Future
Claimants’ Representative shall have no personal liability for any obligation to FTI arising from
this Order.
(a) subject to the provisions of subparagraphs (b) and (c) below and approval
of this Court, the Debtor is authorized to indemnify, and shall indemnify,
FTI for any claims arising from, related to, or in connection with FTI’s
engagement under the Application, but not for any claim arising from,
related to, or in connection with FTI’s post-petition performance of any
other services other than those in connection with the engagement, unless
such post-petition services and indemnification therefor are approved by
this Court; and
(b) the Debtor shall have no obligation to indemnify FTI for any claim or
expense that is either (i) judicially determined (the determination having
become final) to have arisen primarily from FTI’s gross negligence,
willful misconduct or fraud unless this Court determines that
indemnification would be permissible pursuant to In re United Artists
Theatre Company, et al., 315 F.3d 217 (3d Cir. 2003), or (ii) settled prior
to a judicial determination as to FTI’s gross negligence, willful
misconduct or fraud, but determined by this Court, after notice and a
hearing, to be a claim or expense for which FTI is not entitled to receive
indemnity under the terms of the Application; and
(c) if, before the earlier of (i) the entry of an order confirming a plan in this
chapter 11 case (that order having become final and no longer subject to
appeal), and (ii) the entry of an order closing this chapter 11 case, FTI
believes it is entitled to the payment of any amounts by the Debtor on
account of the Debtor’s indemnification obligations under the Application,
including, without limitation, the advancement of defense costs, FTI must
file an application in this Court, and the Debtor may not pay any such
amounts to FTI before the entry of an order by this Court approving the
payment. This subparagraph (c) is intended only to specify the period of
time under which this Court shall have jurisdiction over any request for
fees and expenses by FTI for indemnification, and not as a provision
limiting the duration of the Debtor’s obligation to indemnify FTI.
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11. This Order shall be immediately effective and enforceable upon its entry.
12. Pursuant to Local Rule 9013-1(f), any party shall be entitled to request a hearing
or request that the Court reconsider entry of this Order by filing a motion for reconsideration
13. To the extent the Application or the Diaz Declaration is inconsistent with the
14. This Court shall retain jurisdiction over all matters pertaining to this Order and
the Application.
This Order has been signed electronically United States Bankruptcy Court
The Judge’s signature and court’s seal appear
at the top of the Order.