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UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK Case No. 10-13800(SCC) - - - - - - - - - - - - - - - - - - - - -x In the Matter of:
Debtors.
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U.S. Bankruptcy Court One Bowling Green New York, New York
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Page 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Transcribed by: Penina Wolicki Disclosure statement hearing. HEARING re Debtors' motion for entry of an order approving (a) adequacy of the disclosure statement; (b) certain dates related to confirmation of the plan; (c) certain voting procedures and the form of certain documents to be distributed in connection with solicitation of the plan; and (d) proposed voting and general tabulation procedures. HEARING re Debtors' motion for entry of an order approving (I) stipulation by and between debtors, LNR Partners LLC and ad hoc committee of preferred shareholders and (II) breakup fee and expense reimbursement for Chatham Lodging L.P.
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A P P E A R A N C E S : KIRKLAND & ELLIS LLP Attorneys for Debtors 601 Lexington Avenue New York, NY 10022
BY:
KIRKLAND & ELLIS LLP Attorneys for Debtors 655 Fifteenth Street N.W. Washington, DC 20005
BY:
MORRISON & FOERSTER LLP Attorneys for Official Creditors' Committee 1290 Avenue of the Americas New York, NY 10104
BY:
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Page 4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 BY: BONNIE STEINGART, ESQ. MATTHEW M. ROOSE, ESQ. FRIED, FRANK, HARRIS, SHRIVER & JACOBSON LLP Attorneys for Independent Committee for Bd. of Directors One New York Plaza New York, NY 10004 BY: DAVID M. NEFF, ESQ. PERKINS COIE LLP Attorneys for CW Capital Asset Mgmt. et al. 131 South Dearborn Street Suite 1700 Chicago, IL 60603 BY: ALAN W. KORNBERG, ESQ. LAUREN SHURMEIDA, ESQ. EVAN R. ZISHOLTZ, ESQ. PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP Attorneys for Apollo Investment Corporation 1285 Avenue of the Americas New York, NY 10019
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KILPATRICK TOWNSEND & STOCKTON LLP Attorneys for TriMont Real Estate Advisors 1100 Peachtree Street, NE Suite 2800 Atlanta, GA 30309
BY:
BRYAN CAVE LLP Attorneys for Trusts sServiced by LNR 1290 Avenue of the Americas New York, NY 10104
BY:
DECHERT LLP Attorneys for Lehman ALI 1095 Avenue of the Americas New York, NY 10036
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KASOWITZ, BENSON, TORRES & FRIEDMAN LLP Attorneys for Five Mile 1633 Broadway New York, NY 10019
BY:
HAYNES AND BOONE, LLP Attorneys for Midland Loan Services 201 Main Street Suite 2200 Fort Worth, TX 76102
BY:
WACHTELL, LIPTON, ROSEN & KATZ Attorneys for Chatham Lodging 51 West 52nd Street New York, NY 10019
BY:
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ROMERO LAW FIRM Attorneys for County of San Bernardino, CA 6516 Bright Avenue Whittier, CA 90601
BY:
ALSO PRESENT:
(TELEPHONICALLY)
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Page 8 INNKEEPERS USA TRUST, ET AL. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 matters: THE COURT: MR. SATHY: P R O C E E D I N G S Mr. Sathy? Good afternoon, Your Honor. Anup Sathy
from Kirkland on behalf of the debtors. Your Honor, we have on the agenda today, really two the disclosure statement with respect to the plans as
well as our requested motion to approve the LNR stipulation -THE COURT: MR. SATHY: THE COURT: Right. -- and the Chatham breakup fee. We also -- there was also an indication
that the motion to compel -- the Midland motion to compel was carried on to today as well. Was that a mistake, or did you
intend not to go forward today? UNIDENTIFIED SPEAKER: No, that's -- that will not --
it's not a mistake that it was carried on -- carried today, but if everything gets resolved it would go away. MR. SATHY: THE COURT: MR. SATHY: It would be resolved. All right. Fine. All right.
just in terms of the number of moving pieces is if -THE COURT: MR. SATHY: Right. -- Your Honor would allow, we'd have a
brief chambers conference to discuss the current status. THE COURT: All right. I think that makes sense so
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Page 9 INNKEEPERS USA TRUST, ET AL. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 We did have the phone connected, but we're going to go off the record for a while, and we may come back on the record or we may not. So -Okay, thank you. -- let's go in the back. And I think the
folks who need to be back there know who they are. (Whereupon these proceedings were concluded at 4:28 PM)
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Page 10 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Date: May 13, 2011 Veritext 200 Old Country Road Suite 580 Mineola, NY 11501 I, Penina Wolicki, certify that the foregoing transcript is a true and accurate record of the proceedings. C E R T I F I C A T I O N
Penina Wolicki
PENINA WOLICKI
______________________________________
Digitally signed by Penina Wolicki DN: cn=Penina Wolicki, c=US Reason: I am the author of this document Date: 2011.05.13 13:10:08 -04'00'
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