Filed: Sep. 12, 2016
Latest Update: Sep. 12, 2016
Summary: ORDER J. RANDAL HALL , District Judge . On May 26, 2016, Plaintiffs filed a motion seeking, inter alia, the authorization of certain in custodia legis expenses in the amount of $455,407.20 USD incurred or to be incurred from April 19, 2016 through June 30, 2016. (Doc. 28.) On July 14, 2016, the Court entered an order granting the aforementioned requested relief. (Doc. 48.) Pursuant to the terms of the Court's order, Defendants were given seven (7) days to respond to any future motions f
Summary: ORDER J. RANDAL HALL , District Judge . On May 26, 2016, Plaintiffs filed a motion seeking, inter alia, the authorization of certain in custodia legis expenses in the amount of $455,407.20 USD incurred or to be incurred from April 19, 2016 through June 30, 2016. (Doc. 28.) On July 14, 2016, the Court entered an order granting the aforementioned requested relief. (Doc. 48.) Pursuant to the terms of the Court's order, Defendants were given seven (7) days to respond to any future motions fi..
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ORDER
J. RANDAL HALL, District Judge.
On May 26, 2016, Plaintiffs filed a motion seeking, inter alia, the authorization of certain in custodia legis expenses in the amount of $455,407.20 USD incurred or to be incurred from April 19, 2016 through June 30, 2016. (Doc. 28.) On July 14, 2016, the Court entered an order granting the aforementioned requested relief. (Doc. 48.) Pursuant to the terms of the Court's order, Defendants were given seven (7) days to respond to any future motions filed by Plaintiffs seeking authorization of in custodia legis expenses. (Id. ¶ 3.) On August 9, 2016, Plaintiffs filed their Second Motion to Authorize In Custodia Legis Expenses seeking the authorization of certain additional in custodia legis expenses, above those authorized by the Court in its Order dated July 14, 2016 (Doc. 48), in the amount of $239,963.17 USD incurred through August 8, 2016. (Doc. 69.) Defendants' response to that motion was therefore due on or before August 17, 2016; to date, Defendants have failed to respond to said motion. On August 17, 2016, Plaintiffs filed their First Motion to Distribute Proceeds of Sale seeking a partial distribution of the proceeds from the sale of the Vessel presently held in the Court's registry in an amount sufficient to satisfy those in custodia expenses requested in Plaintiffs' aforementioned motions, for a total amount presently requested to be distributed to Plaintiffs of $695,370.37 USD. (Doc. 77.)
The Court, having considered Plaintiff's Second Motion to Authorize In Custodia Legis Expenses, Plaintiff's First Motion to Distribute Proceeds of Sale, the pleadings, prior orders, findings and other matters properly before the Court, ORDERS as follows:
(1) Plaintiff's unopposed Second Motion to Authorize In Custodia Legis Expenses (Doc. 69) is GRANTED, in the amount of $239,963.17 USD, which, together with the $455,407.20 USD authorized by the Court's Order dated July 14, 2016 (Doc. 48), covers in custodia legis expenses incurred by Plaintiffs through August 8, 2016. (Doc. 69-1, at 3, 8.)
(2) Plaintiff's unopposed First Motion to Distribute Proceeds of Sale (Doc. 77) is GRANTED, in the amount of $695,370.37 USD.
(3) The Clerk is ordered to disburse $695,370.37 USD from the funds held in the Court's registry in relation to this matter to Plaintiff's counsel's escrow account, the details of which shall be provided directly to the Clerk by Plaintiff's counsel under separate cover.
ORDER ENTERED.