Filed: Nov. 08, 2016
Latest Update: Nov. 08, 2016
Summary: ORDER GRANTING PETITION TO ESTABLISH COMMON FUND AND FOR DISTRIBUTION JAMES V. SELNA , District Judge . The Petition by Victims ABBA KADER, PRATAP REDDY, CHANDRASHEKAR SHENDE, VENKATA YAMANI and GHOVARDHAN REDDY to Amend the Restitution Order came on for hearing on November 7, 2016 at 9:00 a.m. in Courtroom 10C, Judge James V. Selna presiding. Kirk F. Lapple appearing for the Victims/petitioning parties. Assistant U.S. Attorney Indira Cameron-Banks appearing for the United States. Anju M
Summary: ORDER GRANTING PETITION TO ESTABLISH COMMON FUND AND FOR DISTRIBUTION JAMES V. SELNA , District Judge . The Petition by Victims ABBA KADER, PRATAP REDDY, CHANDRASHEKAR SHENDE, VENKATA YAMANI and GHOVARDHAN REDDY to Amend the Restitution Order came on for hearing on November 7, 2016 at 9:00 a.m. in Courtroom 10C, Judge James V. Selna presiding. Kirk F. Lapple appearing for the Victims/petitioning parties. Assistant U.S. Attorney Indira Cameron-Banks appearing for the United States. Anju Mu..
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ORDER GRANTING PETITION TO ESTABLISH COMMON FUND AND FOR DISTRIBUTION
JAMES V. SELNA, District Judge.
The Petition by Victims ABBA KADER, PRATAP REDDY, CHANDRASHEKAR SHENDE, VENKATA YAMANI and GHOVARDHAN REDDY to Amend the Restitution Order came on for hearing on November 7, 2016 at 9:00 a.m. in Courtroom 10C, Judge James V. Selna presiding.
Kirk F. Lapple appearing for the Victims/petitioning parties.
Assistant U.S. Attorney Indira Cameron-Banks appearing for the United States.
Anju Multani appearing for Krish Dharma, Usha Dharma, Deepak Kulkarni, Usha Shenoy Kulkarni.
The Court has reviewed the Petition to Establish a Common Fund and for Distribution and all briefs and pleadings filed by the parties in support of or in opposition to the Petition and has heard argument by counsel.
Good cause appearing, the Court hereby grants the Petition to Establish a Common Fund and for Distribution of the funds.
All funds received from the Orange County Superior Court Case entitled SAVY v. CHAUDHARY et. al. OCSC Case no. 30-2010-00421984-CU-FR-CXC shall be distributed as follows:
The Fiscal Section of the U.S. District Court shall issue payments as follows:
A. To Attorney Kirk Lapple in the amount of $142,314.25 as and for reasonable contingency fees referable to the aforementioned State Court action.
B. That the moving parties herein are to be reimbursed their costs incurred in the Savy case of $47,497.12 payable to Kirk Lapple Trust Account. Attorney Lapple shall reimburse the moving parties.
C. The request for reimbursement of the sum of $33,322.51 paid by moving parties to Manjit Singh, AG Commodities, Inc., Deepak Kulkarni; Usha Shenoy; Gulab Bhatia; Bhatia Ventures, LLD; Rakesh Gupta; Kajal Gupta to satisfy the judgments for costs in SAVY v. CHAUDHARY et. al. OCSC Case no. 30-2010-00421984-CU-FR-CXC is denied on the grounds that these amounts do not represent any benefit to the victims.
Attorney Lapple shall promptly file a motion with the Orange County Superior Court Case entitled SAVY v. CHAUDHARY et. al. OCSC Case no. 30-2010-00421984-CU-FR-CXC upon receipt of a conformed executed copy of this order.
IT IS SO ORDERED.
