Securities and Exchange Commission v. Mantria Corporation et al

Filing 462

ORDER granting 454 Motion for Order: Order Approving Payment of Receiver's Fees and Expenses for the Period January 1, 2015, Through March 31, 2015, Subject to a Twenty Percent Holdback. It is FURTHER ORDERED that in future fee applications, counsel shall provide the Court with the amounts the Receiver requests after the 20% holdback is accounted for. By Judge Christine M. Arguello on 06/29/2015. (athom, )

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 JANUARY 1, 2015, THROUGH MARCH 31, 2015, SUBJECT TO
A TWENTY PERCENT HOLDBACK
_____________________________________________________________________
This matter is before the Court on the Receiver’s Nineteenth Application for
Approval of Payment of Receiver’s Fees and Expenses for the Period from January 1,
2015 through March 31, 2015 (“Nineteenth Application”) (Doc. # 454).
In connection with the Nineteenth Application, the Receiver seeks approval for
payment of $40.39 of his own expenses; and the fees of his Retained Personnel, Bryan
Cave LLP, of $1,589.80, and expenses of $80.00. (See id. at 5.)
The Court being fully advised in the premises, finds that granting the Nineteenth
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 Nineteenth Application for Approval of Payment of
Receiver’s Fees and Expenses for the Period from January 1, 2015
through March 31, 2015 (Doc. # 454) is GRANTED, and the following fees
and expenses are to be paid out as follows from the funds in the
Receivership estate:
(a)

The Receiver is to be paid $32.31 in expenses ($40.39 - $8.08);

(b)

Bryan Cave, LLP, counsel for the Receiver, is to be paid a total of
$1,271.84 in fees ($1,589.80 - $317.96), and $64.00 in expenses
($80.00 - $16.00).

It is FURTHER ORDERED that in future fee applications, counsel shall
provide the Court with the amounts the Receiver requests after the 20% holdback
is accounted for.
DATED:

June 29, 2015
BY THE COURT:

_____________________________
CHRISTINE M. ARGUELLO
United States District Judge

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