Securities and Exchange Commission v. Nadel et al

Filing 259

Unopposed MOTION for attorney fees Fourth Interim Motion for Order Awarding Fees, Costs, and Reimbursement of Costs to Receiver and His Professionals by Burton W. Wiand. (Attachments: #1 Exhibit A - Standardized Fund Accounting Report, #2 Exhibit B - Receiver's Fourth Interim Report, #3 Exhibit C - Receiver - Receivership Invoice, #4 Exhibit D - Receiver - Home Front Homes v. Bishop Invoice, #5 Exhibit E - Receiver - Carolina Mountain Land Conservancy Invoice, #6 Exhibit F - Receiver - Recovery From Investors Invoice, #7 Exhibit G - Receiver - Recovery from Moodys Invoice, #8 Exhibit H - Receiver - Recovery of Commissions Invoice, #9 Exhibit I - Receiver - FW Categorization and Summary of Costs, #10 Exhibit J - FW Fee Schedule, #11 Exhibit K - FW Receivership Invoice, #12 Exhibit L - FW - Home Front Homes v. Bishop Invoice, #13 Exhibit M - FW - Carolina Mountain Land Conservancy Invoice, #14 Exhibit N - FW - Recovery From Investors Invoice, #15 Exhibit O - FW - Recovery from Moodys Invoice, #16 Exhibit P - FW - Recovery of Commissions Invoice, #17 Exhibit Q - PDR Invoice, #18 Exhibit R - Riverside Financial Group Invoice, #19 Exhibit S - E-Hounds Invoice, #20 Exhibit T - Text of Proposed Order)(Morello, Gianluca)

Securities and Exchange Commission v. Nadel et al

Doc. 259 Att. 16

EXHIBIT

l

FOWLER~
.Au:orJH'..y..rs.....U;...I_;aw.,__~Vh --. . -.. . B

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1'8'11943 wHITE OGGS

Burton W. Wiand Fowler White Boggs P.A. 501 East Kennedy Blvd., Suite 1700
Tampa, Florida 33602

November 3, 2009 Invoice 729025 Tax # 59-1280172
Page 1

BWW/i091021
Re: 1091021

Scoop Legal Team - Recovery of Commissions
Professional Services Through 08/31/09

Asset Analysis and Recovery
07/02/09
Preparation of spreadsheet reflecting commiSSlOns and false profits received by commission recipients and potential settlement amounts (.9); update template profiteer letter (.2).

ASSET ABT

1.10 hrs.

07/09/09

Telephone call with John Chapman regarding former representation of Receivership Entities (.3); summarize same in memorandum to Receiver (.2); consider additional documents needed (.2); telephone call with
recipient of commissions who also incurred a lost via investments with

Nadel and review documents regarding same (.5).

ASSET ABT
CRN

1.20 hrs.

07/09/09

Worked on demand letter to Rowe. ASSET

0.30 hrs.

07120/09

Communications with attorney for Don Rowe regarding confidentiality agreement (.1); review and sign subpoena for documents to new subpoena
target (.1).

ASSET
07/20/09

ABT

0.20 hrs.

Communication with B. Wiand and M. Lamont regarding whether void

contracts for commission splitting with unregistered individuals are
subject to rescission.
FOWLER WHITE BOGGS P .A.
TAMPA · FORT MYERS. TALLAHASSEE · JACKSONVILLE · FORT LAUDERDALE
501 EAST KENNEDY BLVD., SUITE 1700 · TAMPA, FLORIDA 33602 · P.O. Box 1438 · TAMPA, FL 33601

TELEPHONE [phone]. FAX [phone] .WWW.FOWLERWHITE.COM
EXPENSES ARE BILLED AT ACTUAL COSTS DETERMINED IN ACCORDANCE WITH ABA GUIDELINES

Dockets.Justia.com

and Re: Scoop Legal Team - Recovery of Commissions
Burton W. Wi

November 3,2009

Invoice 729025
Page 2

BWW/i091021

ASSET
07/20/09

DR

0.30 hrs.

Meeting with Receiver regarding complaints to recover commissions (.4); analyze client documents (.6); analyze file in preparation of complaints (1.0). ML ASSET

2.00 hrs.

07121/09

Analyze documents received from third parties (2.0); draft complaints
(.5).

ASSET
07122/09

ML

2.50 hrs.

Preparation of detailed chart regarding funds received from Rowe and related individuals and entities.
ASSET

ABT

0.60 hrs.

07122/09

Demand letter to Mr. and Mrs. Rowe. ASSET

CRN

0.40 hrs.

07/22/09

Legal research regarding fraudulent transfer (.5); void contract (.5).

ASSET ML
ASSET DR

1.00 hrs.

07123/09

Conduct legal research regarding whether the Receiver may rescind and recover commissions pursuant to an ilegal and void contract.
0.60 hrs.

07123/09

Analyze documents produced by third parties.

ASSET ML 1.50 hrs.
ASSET

07/24/09

Conduct research regarding rescinding void commiSSlOn sharing

agreements.

DR

0.40 hrs.

07127/09

Communications with Michael Lamont regarding commissions recipients and čntities that paid commissions.

ASSET ABT

0.20 hrs.

FOWLER WHITE BOGGS P.A.
TAMPA. FORT MYERS. TALLAHASSEE . JACKSONVILLE · FORT LAUDERDALE

Burton W. Wiand
Re: Scoop Legal Team - Recovery of Commissions

November 3, 2009 Invoice 729025
Page 3

BWW/i091021

07/27/09

Telephone conference with M. Lamont regarding drafting a complaint for clawback of commissions against certain individuals (.5); begin to review legal research regarding the remedy for a contract rendered void by virtue of ilegal commission sharing (.5); brief office conference with B. Wiand concerning the initial research findings (.1).

ASSET DR

1.10 hrs.

07127/09

Communications with M. Lamont regarding complaint against persons who received commissions. GM ASSET
Conference with G. Morello regarding complaint (.4); analyze documents produced by third parties (2.6); drafted complaints (3.5); legal research regarding void contracts (1.0). ML ASSET

0.30 hrs.

07/27/09

7.50 hrs.

07128/09

Continue to review legal research regarding whether the receiver may
rescind or obtain unjust enrichment for void agreements to share

commissions with unregistered individuals.

ASSET DR
ASSET
ML

1.10 hrs.

07128/09

Analyzed documents produced by third parties (2.5); drafted complaint
(2.5).

5.00 hrs.

07/29/09

Analyze documents produced by third parties. ASSET

ML

2.00 hrs.

07/31/09

No Charge: Analyze legal research needed with S. Kella regarding whether the Receiver has an actionable claim based on a void commission splitting arrangement. DR ASSET
Drafted complaints.

0.30 hrs.

08/03/09

ASSET
FOWLER WHITE BOGGS P .A.

ML

0.50 hrs.

TAMPA · FORT MYERS . TALLAHASSEE · JACKSONVILLE · FORT LAUDERDALE

Burton W. Wiand
Re: Scoop Legal Team - Recovery of Commissions

November 3,2009

Invoice 729025
Page 4

BWW/1091021

08/03/09

Conference with D. Pearlman regarding research in connection with recovery of commissions from commission splitting scheme from
unregistered brokers.

ASSET
08/05/09

SKI

0.50 hrs.

Reviewed correspondence from D. Blumberg regarding our claim for commission (.3); received and reviewed Blumberg account documents
(1.9).

ASSET
08/07/09
Legal research regarding unjust enrichment.

CRN

2.20 hrs.

ASSET
08/10/09
Revised Complaint.

ML

0.50 hrs.

ASSET
08/11/09

GM

2.50 hrs.

Analyze documents produced by third parties. ASSET Reviewed Kevin Lee account documents. ASSET

ML

0.40 hrs.

08/12/09

CRN

0.20 hrs.

08/12/09

Review of documentation provided by Kelvin Lee II response to
subpoena.

ASSET
08/12/09

JCR

0.30 hrs.

Meeting with Receivership team regarding legal strategy and case status

(1.0); telephone call with R. Sterns regarding Rowe documents (.3);
drafted complaints (1.7); analyze third party documents (.8).

ASSET ML ASSET ML

3.80 hrs.

08/13/09

Analyze third party documents (2.0); analyze private placement
memorandum for hedge funds (1.5); drafted complaint (3.5).

7.00 hrs.

FOWLER WHITE BOGGS P .A.
TAMPA. FORT MYERS. TALLAHASSEE · JACKSONVILLE . FORT LAUDERDALE

Burton W. Wiand
Re: Scoop Legal Team - Recovery of Commissions

November 3, 2009 Invoice 729025
Page 5

BWW/1091021

08/14/09

Revised template complaint.

ASSET
08/14/09

GM

3.50 hrs.

Drafted complaints (1.5); analyze third party documents (.5).

ASSET ML
ASSET GM

2.00 hrs.

08/17/09

Reviewed documents regarding D. Rowe (3.8); factual research relating to drafting clawback complaint (3.5).
7.30 hrs.

08/24/09

Drafted complaints (1.5); analyze third party documents (1.5).

ASSET ML
ASSET
ML

3.00 hrs.

08125/09

Analyze client documents (.8); telephone call with R. Sterns regarding
documents (.2).

1.00 hrs.

08/26/09

Receive and review Response to Enjoin State Court Proceeding (.4); conference with G. Morello regarding status (.3).

ASSET ML
ML

0.70 hrs.

08/27/09

Analyze documents produced by third parties. ASSET

3.00 hrs.

FOWLER WHITE BOGGS P .A.
TAMPA. FORT MYERS · TALLAHASSEE · JACKSONVILLE · FORT LAUDERDALE

Burton W. Wiand
Re: Scoop Legal Team - Recovery of Commissions

November 3, 2009 Invoice 729025
Page 6

BWWI1091021

08128/09

Receive and review correspondence from R. Sterns regarding
confidentiality (.1); analyzes cases cited therein (.3).

ASSET ML
$20,732.05

0.40 hrs.
76.40 hrs.

TOTAL Asset Analysis and Recovery
Case Administration

07/30/09

Receipt and review of correspondence, documents and CD of e-mails from John Chapman, Esq. at Norton, Hammersley, et al regarding
Scoop/Rowe dispute in 2005 over commissions.

CASE JCR
$140.00

1.00 hrs.
1.00 hrs.

TOT AL Case Administration

Summary of Fees
Carl R Nelson Michael Lamont Ashley Bruce Trehan Dominique Pearlman Dominique Pearlman Gianluca Morello
Jeffrey C Rizzo

Hours 3.10 51.80 3.30 0.30 3.50 13.60
1.30 0.50

Seema Kella

Rate/Hr 325.00 270.00 193.50 0.00 193.50 315.00 140.00 193.50

Dollars 1,007.50 13,986.00 638.55 0.00 677.25 4,284.00 182.00 96.75

TOTAL 77.40 20,872.05
Disbursements Through 08/31/09
07/31/09
08125/09

Fees for Professional Services Rendered......................................................,

$

20,872.05

Westlaw Online Charges for July, 2009

0.00

Photocopies 331 pages Westlaw Online Research - August 2009
FOWLER WHITE BOGGS P.A.
TAMPA. FORT MYERS · TALLAHASSEE . JACKSONVILLE · FORT LAUDERDALE

49.65
0.00

08/31/09

Burton W. Wiand Re: Scoop Legal Team - Recovery of Commissions

November 3, 2009 Invoice 729025
Page 7

BWWI1091021

Total Disbursements........................................................................................................ .

$

49.65

TOTALS FOR THIS INVOICE
Fees for Professional Services.................................................................. ........... ..................

Disburseinents .......................................................................................................................

TOTAL DUE FOR THIS INVOICE................................................................................. $

20,872.05 49.65 20,921.70

FOWLER WHITE BOGGS P .A.
TAMPA. FORT MYERS . TALLAHASSEE · JACKSONVILLE · FORT LAUDERDALE