Securites and Exchange Commission v.Morriss et al

Filing 227

MEMORANDUM AND ORDER; IT IS HEREBY ORDERED that the receiver's third interim application for fees and expenses [Doc. #221 ] 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) $120,819.00 in legal fees and $1,125.63 in costs to Thompson Coburn, LLP; (2) $8,133.30 in professional fees to Segue Equity Group; (3) $560.00 in professional fees to FTL Capital, LLC; and (4) $34,055.59 in professional fees and $105.45 in expenses to CliftonLarsonAllen LLP. Signed by District Judge Carol E. Jackson on 02/11/2013; (DJO)

UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF MISSOURI
EASTERN DIVISION
SECURITIES AND EXCHANGE
COMMISSION,
Plaintiff,
vs.
BURTON DOUGLAS MORRISS, et al.,
Defendants.

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

MEMORANDUM AND ORDER
This matter is before the Court on the receiver’s third interim application for
allowance and payment of fees and expenses incurred by the receiver, retained
counsel, and other professionals. This application covers fees and expenses incurred
during the period of July 1, 2012, through September 30, 2012.

The receiver

submitted the application to the Securities and Exchange Commission for approval
before filing it with the Court. In addition, the receiver posted the application on a
website available to all investors and other interested parties. 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 third interim application for fees
and expenses [Doc. #221] 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)

$120,819.00 in legal fees and $1,125.63 in costs to Thompson Coburn,
LLP;

(2)

$8,133.30 in professional fees to Segue Equity Group;

(3)

$560.00 in professional fees to FTL Capital, LLC; and

(4)

$34,055.59

in

professional

fees

and

$105.45

in

expenses

CliftonLarsonAllen LLP.

___________________________
CAROL E. JACKSON
UNITED STATES DISTRICT JUDGE
Dated this 11th day of February, 2013.

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