Filed: Feb. 21, 2018
Latest Update: Feb. 21, 2018
Summary: ORDER JAMES D. WHITTEMORE , District Judge . BEFORE THE COURT is the Receiver's Application for Compensation from January 1, 2018 to January 31, 2018. (Dkt. 165). 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 Fifth Report dated February 2,
Summary: ORDER JAMES D. WHITTEMORE , District Judge . BEFORE THE COURT is the Receiver's Application for Compensation from January 1, 2018 to January 31, 2018. (Dkt. 165). 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 Fifth Report dated February 2, ..
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ORDER
JAMES D. WHITTEMORE, District Judge.
BEFORE THE COURT is the Receiver's Application for Compensation from January 1, 2018 to January 31, 2018. (Dkt. 165). 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 Fifth Report dated February 2, 2018, (Dkts. 164, 165), 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 January 1, 2018 to January 31, 2018 (Dkt. 165) is GRANTED and APPROVED.
The Receiver, Steven S. Oscher, is awarded $8,621.25 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.
