The examiner in the Celsius bankruptcy has filed a preliminary plan that estimates the total cost of her investigation could be as high as $5 million, and at the same time asked Celsius to pick up the pace of its disclosures, The Block reported. Shoba Pillay said that the first priority of her investigation is to get a firmer grasp on the volume and extent of documents and data that her team will need to review and analyze. While the Jenner & Block lawyer recognized that Celsius is fielding multiple demands for information, she noted her requests must be prioritized to meet court deadlines. "If the Examiner is going to meet the Court’s deadlines, the pace of access to documents will need to be accelerated," she said in the plan filed on Tuesday. Her team has shared these concerns with Celsius and "is optimistic" that the bankrupt lender will respond promptly to her requests in the future. While Pillay said "any attempt to budget at this time is at best an educated guess," since she hasn't received the necessary documents to assess the work ahead, she can roughly estimate that the fees for her and her team will be between $3 to $5 million.
