Securities & Exchange Commission v. Illarramendi et al

Filing 823

ORDER Approving #769 Receiver's Fifth Application for Cost and Fees. Signed by Judge Janet Bond Arterton on 2/12/2014. (Morril, Gregory)

UNITED STATES DISTRICT COURT
DISTRICT OF CONNECTICUT
SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
v.
FRANCISCO ILLARRAMENDI et al.,
Defendants.

Civil No. 3:11cv78 (JBA)

February 12, 2014

ORDER
The Court has reviewed the unopposed Fifth Application for Costs and Fees [Doc.
# 769] for the Receiver John Carney, the Receiver’s legal advisors Baker & Hostetler LLP
(“B&H”), Higgs & Johnson (“H&J,” Cayman Islands counsel for the Receiver), Garrison,
Levin-Epstein, Chimes, Richardson & Fitzgerald, independent review counsel (“the
Garrison Firm”), and forensic accountants FTI Consulting, Inc. (“FTI”), represented to
confirm with the Billing Instructions for Receivers in Civil Actions Commenced by the
United States Securities and Exchange Commission (“SEC Guidelines”), and the
Commission’s Response to the Receiver’s Fifth Fee Application [Doc. # 822]. In light of
the nature and scope of the work reflected in the Application, the Court APPROVES the
application, subject to the twenty percent hold-back, which will be considered in a future
fee application, and subject to the reductions in the Commission’s Response.
Accordingly, the Receivership Estate is authorized to pay to the Receiver and B&H
compensation for legal services rendered in the amount of $3,324,167, and
reimbursement of expenses in the amount of $35,137; to FTI, compensation for services
rendered in the amount of $1,738,844, and reimbursement of expenses in the amount of

$230,940; to H&J, compensation for services rendered in the amount of $9,233; and to the
Garrison Firm, compensation for services rendered in the amount of $4,180.

IT IS SO ORDERED.
/s/
Janet Bond Arterton, U.S.D.J.

Dated at New Haven, Connecticut this 12th day of February, 2014.

2