Nova Scotia · CCAA
Fifth Report of the Monitor
Court officer report · 22 September 2023
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What we verified from this filing2 verified
- fee scheduleengagements: form: invoice_listing · rows: Jeffrey Rosenberg; Jodi Porepa; Urvi Bhandare; Dean Perlman; Adsaran Vithiyananthan; Carter Wood; Caitlin Moreland; Kathleen Foster · money: tax: label: HST · quote: 13,201.25 · amount: 13201.25 · fees: quote: 85,374.00 · amount: 85374 · total: quote: The total amount for the Monitor's fees, expenses and HST incurred during the Period is $101,209.54 · amount: 101209.54 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 2,634.29 · amount: 2634.29 · period: end: 2023-09-17 · kind: interim · label: Period · quote: for the period from August 28, 2023 to September 17, 2023 (the ' Period ') · start: 2023-08-28 · approval: quote: in support of the Applicants' motion seeking, among other things, approval of the fees and disbursements · state: sought · averages: rate: 754.19 · quote: the average hourly rate during the Period was $754.19 · currency: code: CAD · quote: All $ Amounts are in CAD. · invoices: tax: 4844.12 · date: 2023-08-31 · fees: 31353.5 · quote: 102900000501 | August 31, 2023 | 31,353.50 | 940.61 | 4,844.12 | 37,138.23 · total: 37138.23 · disbursements: 940.61; tax: 8357.13 · date: 2023-09-20 · fees: 54020.5 · quote: 102900000544 | September 20, 2023 | 54,020.50 | 1,693.68 | 8,357.13 | 64,071.31 · total: 64071.31 · disbursements: 1693.68 · firm text: FTI Consulting Canada Inc. · firm quote: appointed FTI Consulting Canada Inc. as monitor of the IMV Group · context quote: approval of the fees and disbursements of (a) FTI, in its capacity as the Monitor, for the period from August 28, 2023 to September 17, 2023 (the ' Period '); form: invoice_listing · rows: Nancy Ramalho; M. Konyukhova; L.V. van Zyl; N. Rambaran · money: tax: label: HST · quote: 1,803.20 · amount: 1803.2 · fees: quote: 13,870.75 · amount: 13870.75 · total: quote: with total fees of the Monitor's counsel including HST for the period from September 1, 2023 to September 14, 2023 of $15,673.95 · amount: 15673.95 · includes tax: true · approximate: false · period: end: 2023-09-14 · kind: interim · quote: for the period from September 1, 2023 to September 14, 2023 · start: 2023-09-01 · approval: quote: in support of the Applicants' motion seeking, among other things, approval of the fees and disbursements · state: sought · averages: · currency: code: CAD · quote: All $ Amounts are in CAD. · invoices: tax: 1217.97 · date: 2023-09-08 · fees: 9369 · quote: 6102541 | September 8, 2023 | 9,369.00 | 1,217.97 | 10,586.97 · total: 10586.97; tax: 585.23 · date: 2023-09-15 · fees: 4501.75 · quote: 6104441 | September 15, 2023 | 4,501.75 | 585.23 | 5,086.98 · total: 5086.98 · firm text: Stikeman Elliott LLP · firm quote: Stikeman Elliott LLP (' Stikeman '), in its capacity as independent legal counsel to the Monitor · context quote: Stikeman Elliott LLP (' Stikeman '), in its capacity as independent legal counsel to the Monitor, for the period from September 1, 2023 to September 14, 2023.; form: time_summary · rows: M. Konyukhova; N. Ramalho; L.V. van Zyl · money: tax: label: HST · quote: HST @ 13.0% 585.23 · amount: 585.23 · fees: quote: Professional Services Taxable Non-Taxable Total 4,501.75 · amount: 4501.75 · total: quote: Amount Due CA $5,086.98 · amount: 5086.98 · includes tax: true · approximate: false · period: end: 2023-09-14 · kind: invoice · quote: For Professional Services Rendered in connection with IMV Inc. for the period up to September 14, 2023. · approval: state: unstated · averages: · currency: code: CAD · quote: Amount Due CA $5,086.98 · invoices: · firm text: Stikeman Elliott LLP · firm quote: Stikeman Elliott LLP (' Stikeman '), in its capacity as independent legal counsel to the Monitor · context quote: Account September 15, 2023 File No. 1096791006 Invoice No. 6104441; form: time_summary · rows: M. Konyukhova; N. Rambaran · money: tax: label: HST · quote: HST @ 13.0% | | | 1,217.97 · amount: 1217.97 · fees: quote: Professional Services | | | CA $9,369.00 · amount: 9369 · total: quote: Total Professional Services and Taxes | | | CA $10,586.97 · amount: 10586.97 · includes tax: true · approximate: false · period: kind: invoice · quote: Date | Timekeeper | Hours · approval: state: unstated · averages: · currency: code: CAD · quote: Professional Services | | | CA $9,369.00 · invoices: · firm text: Stikeman Elliott LLP · firm quote: Stikeman Elliott LLP (' Stikeman '), in its capacity as independent legal counsel to the Monitor · context quote: Attention: Jeffrey Rosenberg Senior Managing Director For Professional Services Rendered in connection with IMV Inc. for the period up to September 14, 2023.
- recovery outcomeentries: basis: unstated · quote: Following the conclusion of the SISP, it is apparent that there will be no distributions to unsecured creditors and, accordingly, the Monitor has not proceeded to prepare or send any Notices of Revision or Disallowance in respect of the majority of Claims received to date. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: No party other than the Secured Lenders currently has an economic interest in these CCAA Proceedings given that the Secured Lenders will not be repaid in full. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Secured Lenders · interim final: unstated · claims qualifier: unstated; basis: actual · quote: Pursuant to the Interim Distribution and WEPPA Order, the Applicants were authorized to make an initial distribution to Horizon in the amount of $2,000,000. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 2000000 · amount high: 2000000 · class label: Horizon · creditor name: Horizon Technology Finance Corporation · interim final: interim · claims qualifier: unstated · stated on: 2023-09-22 · table missing: