Securities and Exchange Commission v. Bivona et al
MODIFIED ORDER by Judge Edward M. Chen GRANTING 282 Administrative Motion re: Appointment of Claims Administrator. (emclc1, COURT STAFF) (Filed on 12/7/2017)
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA
SECURITIES AND EXCHANGE
JOHN B. BIVONA; SADDLE RIVER
ADVISERS, L.LC; SRA MANAGEMENT
ASSOCIATES, LLC; FRANK GREGORY
Case No. 3:16-cv-1386
TO L.R. 7-11 FOR THE
RETENTION OF A CLAIMS
Judge: Edward M. Chen
The Receiver in the above matter, Sherwood Partners, Inc.
CSherwood"), requests that this Court approve its Application pursuant
to L.R. 7-11 for the retention of JND Corporate as Claims Administrator
on the terms set forth in Exhibit A to the accompanying Declaration of
The Receiver makes this application on the basis that a claims
administrator, like JND, will more efficiently and economically conduct
the process of accepting and administering a claims notice process, and
the resulting responses in the form of claim applications. The Receiver
has observed the work of JND in other, similar matters and bases its
recommendations, in part, on that experience all as more specifically set
forth in the declaration of Sherwood's principal in this matter, Peter
Hartheimer, which accompanies the Application.
[PRQPQCiii') ORDER GRANTING APPLICATION FOR RETENTION OF CLAIMS ADMINISTRATOR
Case 3:16-cv-01386-EMC Document 282-2 Filed 12/07117 Page 2 of 2
The Receiver also represents that the affected parties to this
matter have been involved in the selection of JND and no affected party
opposes its retention on the terms set forth in Exhibit A attached to the
Declaration of Hartheimer.
GOOD CAUSE APPEARING, the Court hereby authorizes the
Receiver to retain the firm of JND on the terms set forth in Exhibit A to
the Declaration of Hartheimer.
T he Receiver shall seek the Court's approval before approving additional work
by the administrator if the total expenses have exceeded $15,000.
IT IS SO ORDERED.
ORDER GRANTING APPLICATION FOR RETENTION OF CLAIMS ADMIN ISTRATOR
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