Securities and Exchange Commission v. Mantria Corporation et al

Filing 250

ORDER APPROVING PAYMENT OF RECEIVER'S FEES AND EXPENSES FOR THE PERIOD JULY 1, 2011, THROUGH SEPTEMBER 30, 2011, SUBJECT TO A TWENTY PERCENT HOLDBACK granting 243 Motion for Order. By Judge Christine M. Arguello on 12/13/11.(jjpsl, )

IN THE UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF COLORADO
Judge Christine M. Arguello
Civil Action No. 09-cv-02676-CMA-MJW
SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
v.
MANTRIA CORPORATION,
TROY B. WRAGG,
AMANDA E. KNORR,
SPEED OF WEALTH, LLC,
WAYDE M. MCKELVY, and
DONNA M. MCKELVY,
Defendants.
_____________________________________________________________________
ORDER APPROVING PAYMENT OF RECEIVER’S FEES AND EXPENSES FOR
THE PERIOD JULY 1, 2011, THROUGH SEPTEMBER 30, 2011, SUBJECT TO A
TWENTY PERCENT HOLDBACK
_____________________________________________________________________
This matter is before the Court on the Receiver's Fifth Application for Approval of
Payment of Receiver’s Fees and Expenses for the period July 1, 2011 – June 30, 2011
(“Fifth Application”) (Doc # 243).
In connection with the Fifth Application, the Receivers seeks approval of payment
of the Receiver’s fees in the amount of $9,811.00 and expenses in the amount of
$283.92, as well as the fees and expense of his Retained Personnel as follows:
Brownstein Hyatt Farber Schreck, LLP, counsel for the Receiver, $21,364.65 in fees
(there were no expenses); Baum & Gustafson, tax attorney for the Receiver, $1,632.00
in fees (there were no expenses). The Court being fully advised in the premises, finds

that granting the Application is warranted, with a twenty percent deduction, to be
awarded at a later time, in the Court’s discretion, in connection with the Receiver’s final
fee application (See Doc. # 82, ¶ 61.)
Accordingly, IT IS ORDERED THAT:
1)

The Receiver’s Fifth Application for Approval of Payment of Receiver’s
Fees and Expenses for the Period July 1, 2010 through September 30,
2010 (Doc. # 243) is GRANTED, with the following modifications, and
the following fees and expenses are to be paid out as follows from the
funds in the Receivership estate:
(a)

The Receiver be paid a total of $8,075.94 for his fees and
expenses ($10,094.92 - $2,018.981) incurred for the period July 1,
2011 through September 30, 2011;

(b)

Brownstein Hyatt Farber Schreck, LLP, counsel for the Receiver,
be paid a total of $17,091.72 for its fees and expenses ($21,364.65
- $4,272.93) incurred for the period July 1, 2011 through September
30, 2011; and,

(c)

Baum & Gustafson, tax accountant for the Receiver, be paid a total
of $1,305.60 for its fees and expenses ($1,632.00 - $326.40)
incurred for the period July 1, 2011 through September 30, 2011.

DATED: December

13

, 2011
BY THE COURT:

_______________________________
CHRISTINE M. ARGUELLO
United States District Judge

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