Securites and Exchange Commission v.Morriss et al

Filing 199

MEMORANDUM AND ORDER - IT IS HEREBY ORDERED that the receivers first interim application for fees and expenses [Doc. #155 ] is granted. IT IS FURTHER ORDERED that the following fees and expenses are allowed and the receiver is authorized to make the following payments out of the assets of the receivership estate: (1) $301,266.96 in legal fees and $21,158.67 in costs to Thompson Coburn, LLP; (2) $12,724.61 in professional fees to Segue Equity Group; (3) $4,531.46 in legal fees and costs for Pepper Hamilton, LLP; and (4) $12,676.00 in professional fees for FTL Capital, LLC. Signed by District Judge Carol E. Jackson on 9/20/12. (KJS)

UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF MISSOURI
EASTERN DIVISION
SECURITIES AND EXCHANGE
COMMISSION,

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Plaintiff,
vs.
BURTON DOUGLAS MORRISS, et al.,
Defendants.

Case No. 4:12-CV-80 (CEJ)

MEMORANDUM AND ORDER
This matter is before the Court on the receiver’s first interim application for
allowance and payment of fees and expenses incurred by the receiver, retained
counsel, and other professionals.

The receiver submitted the application to the

Securities and Exchange Commission for review before filing it with the Court. No
objection has been filed.
The receiver seeks 80% of the total amount of legal and professional fees and
100% of the costs, without prejudice to a further application for payment of the
remaining 20% of the fees. The Court has reviewed the application and supporting
documentation and concludes that the requested fees and costs are reasonable and
appropriate.
Accordingly,
IT IS HEREBY ORDERED that the receiver’s first interim application for fees
and expenses [Doc. #155] is granted.
IT IS FURTHER ORDERED that the following fees and expenses are allowed
and the receiver is authorized to make the following payments out of the assets of the
receivership estate:

(1)

$301,266.96 in legal fees and $21,158.67 in costs to Thompson Coburn,
LLP;

(2)

$12,724.61 in professional fees to Segue Equity Group;

(3)

$4,531.46 in legal fees and costs for Pepper Hamilton, LLP; and

(4)

$12,676.00 in professional fees for FTL Capital, LLC.

___________________________
CAROL E. JACKSON
UNITED STATES DISTRICT JUDGE
Dated this 20th day of September, 2012.

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