ORDER APPROVING BAKER & HOSTETLER LLP'S LEGAL FEES AND EXPENSES FOR THE PERIOD JANUARY 15, 2019 THROUGH DECEMBER 31, 2019

COLLEEN McMAHON, Chief District Judge.

WHEREAS, on April 23, 2014, pursuant to 12 U.S.C. § 5552, the Superintendent of Financial Services of the State of New York ("Superintendent") filed a complaint ("Complaint") alleging that Condor Capital Corp. ("Condor") and Stephen Baron violated the Dodd-Frank Wall Street Reform and Consumer Protection Act and that Condor violated the New York Financial Services Law and the New York Banking Laws by various wrongful actions (ECF No. 2);

WHEREAS, on May 13, 2014, this Court entered an order granting the Superintendent's motion for preliminary injunction and appointing Denis O'Connor as Receiver of Condor (the "Receiver") (ECF No. 64);

WHEREAS, on November 28, 2016, this Court entered an order that approved the Receiver's final report, discharged the Receiver, and terminated the Receivership in this matter as the Receiver had fully performed his duties, responsibilities, and obligations as Condor's Court-appointed Receiver (the "Termination Order") (ECF No. 332);

WHEREAS, the Termination Order authorizes a litigation reserve of $1 million from Condor's assets, in effect for six years, to reimburse any litigation costs or expenses incurred by the Receiver, AlixPartners LLP, and/or the Receiver's retained professionals, including his legal counsel, Baker & Hostetler LLP, in defending any litigation that arises from this Receivership for which there is no finding of liability (the "Litigation Reserve Fund") (Id. ¶ 14);

WHEREAS, on December 27, 2016, Baron appealed the Termination Order to the Second Circuit Court of Appeals (ECF No. 333);

WHEREAS, on November 2, 2017, after all parties fully briefed and argued the merits of Baron's appeal, the Second Circuit Court of Appeals entered a Summary Order affirming in all respects the Termination Order;

WHEREAS, on February 8, 2018 and January 16, 2019, Baker & Hostetler LLP, in accordance with paragraph 14 of the Termination Order, submitted applications seeking approval of its legal fees and expenses for the consecutive one year periods February 1, 2017 through January 15, 2019, that resulted from its representation of the Receiver in Baron's appeal of the Termination Order and in two consumer class action litigations brought by former Condor customers (the "Application") (ECF No. 354), which the Court granted;

WHEREAS, on January 13, 2020, Baker & Hostetler LLP submitted a letter request for approval of additional legal fees and expenses for legal services post appeals; and

WHEREAS, the Court has sole jurisdiction to hear and resolve any application for reimbursement submitted by Baker & Hostetler LLP in connection with this Receivership.

Upon consideration of the Application and the entire record of this Receivership, due deliberation having been had thereon and sufficient cause appearing therefor, it is HEREBY ORDERED, ADJUDGED, AND DECREED that:

1. The $2,127.69 in legal fees of Baker & Hostetler LLP attorneys Messrs. Marc D. Powers, Steven H. Goldberg and Managing Clerk Christina Belanger, as outlined in the Application, corresponding time entries, and in Baker & Hostetler LLP's January 13, 2020 letter, are reasonable and appropriate based on the extent, nature, and value of the services rendered, and the cost of comparable services, and should be reimbursed from the funds in the Litigation Reserve Fund pursuant to paragraph 14 of the Termination Order; and

2. The $50.91 in expenses of Baker & Hostetler LLP, as outlined in the Application, are reasonable and appropriate based on the extent, nature, and value of the services rendered and should be reimbursed from the funds in the Litigation Reserve Fund pursuant to paragraph 14 of the Termination Order;

3. This Court retains sole jurisdiction to hear and resolve any disputes or claims relating to, or arising from, this Receivership.

SO ORDERED.