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<br />Reorganized Debtors concerning the Application and the objection <br />of the Reorganized Debtors. Furthermore, the USWA, the <br />Reorganized Debtors and the Pension Benefit Guaranty Corpw-ation <br />advised the Court of their agreement to the following sett:ement <br />which would result in the allowance and payment by the <br />Reorganized Debtors of the following reduced fees and expe~ises of <br />professionals of the USWA: <br />ees Expenses <br />Cohen, Weiss & Simon $61,500.00 $11,000.00 <br />(representing a $9,969.50 reduction in fees and +3 <br />$3,865.02 reduction in expenses) <br />Arnold & Porter <br />$38,500.00 <br />0 <br />(representing a $8,038.00 reduction in fees) <br />Keilin and Bloom $300,000.00 $9,000.00 <br />(representing a $600,000 reduction in fees and a <br />$3,443.49 reduction in expenses) <br />Accordingly, under the settlement, the Application would be <br />reduced by $625,316.01 in total (approximately 60$ of the amount <br />originally sought) and allowed and paid by the Reorganized <br />Debtors in the amount of $420,000 (approximately 40$ of th~a <br />amount originally sought). <br />At the October 6 hearing, the parties advised the Court that <br />the amounts proposed to be allowed were negotiated amounts, based <br />upon the parties informed assessments of the facts and <br />circumstances of the cases and the relative litigation risks of <br />each side as to legal issues raised by the Application and the <br />objection to the Application. The Reorganized Debtors <br />3 <br />