Securities and Exchange Commission v. Bivona et al

Filing 283

MODIFIED ORDER by Judge Edward M. Chen GRANTING 282 Administrative Motion re: Appointment of Claims Administrator. (emclc1, COURT STAFF) (Filed on 12/7/2017)

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UNITED STATES DISTRICT COURT

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NORTHERN DISTRICT OF CALIFORNIA

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SECURITIES AND EXCHANGE
COMMISSION,
Plaintif(

v.
JOHN B. BIVONA; SADDLE RIVER
ADVISERS, L.LC; SRA MANAGEMENT
ASSOCIATES, LLC; FRANK GREGORY
MAZZOLA
Defendants.

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Case No. 3:16-cv-1386
~ROPOSI58lfORDER

RANTING HE
RECEIVER'S
ADMINISTRATIVE
APPLICATION PURSUANT
TO L.R. 7-11 FOR THE
RETENTION OF A CLAIMS
ADMINISTRATOR
Date: N/A
Time: N/A
Judge: Edward M. Chen

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The Receiver in the above matter, Sherwood Partners, Inc.

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CSherwood"), requests that this Court approve its Application pursuant

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to L.R. 7-11 for the retention of JND Corporate as Claims Administrator

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on the terms set forth in Exhibit A to the accompanying Declaration of

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Hartheimer.

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The Receiver makes this application on the basis that a claims

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administrator, like JND, will more efficiently and economically conduct

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the process of accepting and administering a claims notice process, and

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the resulting responses in the form of claim applications. The Receiver

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has observed the work of JND in other, similar matters and bases its

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recommendations, in part, on that experience all as more specifically set

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forth in the declaration of Sherwood's principal in this matter, Peter

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Hartheimer, which accompanies the Application.

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[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

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The Receiver also represents that the affected parties to this

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matter have been involved in the selection of JND and no affected party

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opposes its retention on the terms set forth in Exhibit A attached to the

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Declaration of Hartheimer.

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GOOD CAUSE APPEARING, the Court hereby authorizes the

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Receiver to retain the firm of JND on the terms set forth in Exhibit A to

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the Declaration of Hartheimer.
T he Receiver shall seek the Court's approval before approving additional work

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by the administrator if the total expenses have exceeded $15,000.

IT IS SO ORDERED.
DATED: December

!_, 2017

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ORDER GRANTING APPLICATION FOR RETENTION OF CLAIMS ADMIN ISTRATOR