Case No. 02-B-48191 (Jointly Administered)United States Bankruptcy Court, N.D. Illinois.
March 25, 2004
ORDER AUTHORIZING THE EMPLOYMENT AND RETENTION OF FTI CONSULTING, INC. AS CONSULTANTS FOR THE RETIRED MANAGEMENT SALARIED EMPLOYEES’ COMMITTEE OF UAL, INC. PURSUANT TO 11 U.S.C. §§ 1103(a). AND 1114(b)(2)
EUGENE WEDOFF, Bankruptcy Judge
This matter came on to be heard on the Application (the “Application”) of the Retired Management Salaried Employees’ Committee of UAL, Inc. (“the Committee”) for an Order Authorizing the Employment and Retention of FTI Consulting Inc. as benefits consultants for the Committee pursuant to 11 U.S.C. § 1103 and 1114 of the Bankruptcy Code, 11 U.S.C. § 101-1330 (the “Bankruptcy Code”), Filed by the Committee; the Court having reviewed the Application, the declaration of Robert Paul (the “Paul Declaration”), Senior Managing Director of FTI, and filed in connection with the Application; and the Court having heard the statements of counsel in support of the relief requested therein at a hearing thereon (the “Hearing”); the Court finding that (a) the Court has jurisdiction over this matter pursuant to 28 U.S.C. § 157 and 1334, (b) this is a core proceeding pursuant to 28 U.S.C. § 157(b)(2), and (c) FTI does not hold or represent any interest adverse to the Committee in this case; the Court finding that notice of the Application and the Hearing given by the Committee was sufficient under the circumstances; and the Court being fully advised in the premises and having determined that the legal and factual bases set forth in the Application, the Paul Declaration, and at the hearing on
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the Application establish just cause for the relief herein granted; IT TS HEREBY ORDERED THAT:
1. The Application is granted in all respects and the Committee is hereby authorized, pursuant to §§ 1103(a) and 1114(b)(2) of the Bankruptcy Code, to retain, effective as of March 11, 2004, upon the terms and for the purposes set forth in the Application, FTI as financial advisers to the Committee in the above-captioned chapter 11 case.
2. Compensation of FTI for financial advisory services rendered and reimbursement of expenses incurred in connection with this chapter 11 case shall be pursuant to applications to be submitted to and approved by this Court from time to time during the pendency of this chapter 11 case, or pursuant as permitted by the December 11, 2002 Order Establishing Procedures for Interim Compensation and Reimbursement of Expenses for Professionals and Committee Members of the Court, or the Local Rules.
3. The Court shall retain jurisdiction over any matter or dispute arising from or relating to the implementation of this Order.