Filed: Apr. 22, 2015
Latest Update: Apr. 22, 2015
Summary: REPORT AND RECOMMENDATION H. BRUCE GUYTON , Magistrate Judge . This case is before the undersigned pursuant to 28 U.S.C. 636, the Rules of this Court, and the referral of the Chief District Judge. The Receiver has filed his Thirty-Fourth Application for Interim Compensation and Expense Reimbursement [Doc. 1519]. Sterling P. Owen, IV, as Receiver, moves the Court to approve payment to the Receiver for the reasonable and necessary services he rendered between March 1 and March 31, 2015, i
Summary: REPORT AND RECOMMENDATION H. BRUCE GUYTON , Magistrate Judge . This case is before the undersigned pursuant to 28 U.S.C. 636, the Rules of this Court, and the referral of the Chief District Judge. The Receiver has filed his Thirty-Fourth Application for Interim Compensation and Expense Reimbursement [Doc. 1519]. Sterling P. Owen, IV, as Receiver, moves the Court to approve payment to the Receiver for the reasonable and necessary services he rendered between March 1 and March 31, 2015, in..
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REPORT AND RECOMMENDATION
H. BRUCE GUYTON, Magistrate Judge.
This case is before the undersigned pursuant to 28 U.S.C. § 636, the Rules of this Court, and the referral of the Chief District Judge. The Receiver has filed his Thirty-Fourth Application for Interim Compensation and Expense Reimbursement [Doc. 1519].
Sterling P. Owen, IV, as Receiver, moves the Court to approve payment to the Receiver for the reasonable and necessary services he rendered between March 1 and March 31, 2015, in the amount of $10,592.75, which represents $10,543.75 in fees and $49.00 in direct expenses. The Receiver represents that as of March 31, 2015, the Receiver was in possession of $299.127.47. The Receiver also maintains a separate rent account, which he represents has a balance of $178.966.11, as of March 31, 2015.
With the instant request, the Receiver has submitted an Invoice of Services rendered in March 2015, detailing the time spent on various tasks in furtherance of the duties established by the Court. [Doc. 1519-1]. He has also submitted invoices for the same period, detailing the out-of-pocket expenses the Receiver incurred in furtherance of these duties. [Doc. 1519-2]. The Court has reviewed the invoices and finds that they are reasonable.
The Receiver's Thirty-Fourth Application was filed April 6, 2015, and his request and the supporting invoices have been available for review to the parties. No party or interested person has objected to the compensation and expenses submitted. The time for doing so has expired. See, generally, E.D. Tenn. L.R. 7.1. The Court may treat this failure to respond as acquiescence to the relief sought. See E.D. Tenn. L.R. 7.2.
Accordingly, the Court finds that the Receiver's Thirty-Fourth Application [Doc. 1519] is well-taken, and the undersigned RECOMMENDS1 that it be GRANTED. The Court finds the compensation and expenses requested by the Receiver are REASONABLE and RECOMMENDS that they be APPROVED. The undersigned RECOMMENDS that the Receiver be directed to DISBURSE: $10,592.75, requested as compensation for services and reimbursement for expenses for the period from March 1 to March 31, 2015.
