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Securities and Exchange Commission v. Rex Ventures Group, LLC, 3:12 cv 519. (2019)

Court: District Court, W.D. North Carolina Number: infdco20190812733 Visitors: 3
Filed: Aug. 09, 2019
Latest Update: Aug. 09, 2019
Summary: ORDER GRAHAM C. MULLEN , District Judge . This matter is before the Court upon the Receiver's Application for Fees and Expenses by the Receiver and His Advisors for the Fourth Quarter of 2018, filed July 2, 2019 (the "Application"). The Court has considered the Application as well as the objections of the SEC, 1 and for good cause shown, IT IS ORDERED, ADJUDGED AND DECREED that: 1. The Receiver's Application is GRANTED . 2. The Receiver and McGuireWoods LLP SHALL BE AWARDED an allo
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ORDER

This matter is before the Court upon the Receiver's Application for Fees and Expenses by the Receiver and His Advisors for the Fourth Quarter of 2018, filed July 2, 2019 (the "Application"). The Court has considered the Application as well as the objections of the SEC,1 and for good cause shown, IT IS ORDERED, ADJUDGED AND DECREED that:

1. The Receiver's Application is GRANTED.

2. The Receiver and McGuireWoods LLP SHALL BE AWARDED an allowance of $39,695.40 (of which $7,939.08) will be held back pending further petition to and approval by the Court) for legal services rendered during the Compensation Period set forth in the Application, and $49,746.18 for the reimbursement of expenses incurred during the same period.

3. FTI Consulting, Inc. SHALL BE AWARDED an allowance of $12,852.50 (of which $2,570.50 will be held back pending further petition to and approval by the Court) for services rendered during the Compensation Period.

4. The Receivership Estate IS HEREBY AUTHORIZED to immediately pay such amounts and reimburse McGuireWoods LLP and FTI Consulting, Inc. for approved expenses.

FootNotes


1. The SEC's objections are essentially the same as those previously raised as to the Receiver's Second, Third, and Fourth Quarter of 2017 Fee Applications. The Court addressed these objections in its Order of November 30, 2018 overruling the SEC's objections to the Receiver's Third Quarter of 2017 Fee Application. (Doc. No. 714).
Source:  Leagle

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