Filed: Dec. 19, 2017
Latest Update: Dec. 19, 2017
Summary: ORDER JAMES D. WHITTEMORE , District Judge . BEFORE THE COURT is the Receiver's Application for Compensation from November 1, 2017 to November 30, 2017. (Dkt. 144). No party responded to the application, and the time for filing objections has elapsed. (Dkt. 117 9, 12). The application, therefore, is deemed unopposed. See Local Rule 3.01(b). Based on a review of the time records and related documentation submitted by the Receiver, including the Receiver's Third Report dated December
Summary: ORDER JAMES D. WHITTEMORE , District Judge . BEFORE THE COURT is the Receiver's Application for Compensation from November 1, 2017 to November 30, 2017. (Dkt. 144). No party responded to the application, and the time for filing objections has elapsed. (Dkt. 117 9, 12). The application, therefore, is deemed unopposed. See Local Rule 3.01(b). Based on a review of the time records and related documentation submitted by the Receiver, including the Receiver's Third Report dated December 1..
More
ORDER
JAMES D. WHITTEMORE, District Judge.
BEFORE THE COURT is the Receiver's Application for Compensation from November 1, 2017 to November 30, 2017. (Dkt. 144). No party responded to the application, and the time for filing objections has elapsed. (Dkt. 117 ¶¶ 9, 12). The application, therefore, is deemed unopposed. See Local Rule 3.01(b).
Based on a review of the time records and related documentation submitted by the Receiver, including the Receiver's Third Report dated December 1, 2017, (Dkts. 143, 144), the Court finds that the amount requested by the Receiver reflects reasonable compensation for services rendered. See SEC v. W.L. Moody & Co. Bankers (Unincorporated), 374 F.Supp. 465, 480 (S.D. Tex. 1974), aff'd sub nom. SEC v. W. L. Moody & Co., 519 F.2d 1087 (5th Cir. 1975) ("a reasonable fee is based on all circumstances surrounding the receivership").1
Accordingly, the Receiver's Application for Compensation from November 1, 2017 to November 30, 2017 (Dkt. 144) is GRANTED and APPROVED.
The Receiver, Steven S. Oscher, is awarded $18,328.75 as compensation for services rendered, said sum to be payable in accordance with the terms of the Order on Centennial Bank's Verified Motion for Appointment of Receiver to Maintain and Safeguard Assets (Dkt. 117).
DONE AND ORDERED.
