Federal Trade Commission v. Ideal Financial Solutions, Inc. et al

Filing 118

ORDER Granting 57 Application for Order Approving Fees and Expenses of the Receiver and His Professionals. Signed by Judge Jennifer A. Dorsey on 10/15/2013. (Copies have been distributed pursuant to the NEF - SLR)

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UNITED STATES DISTRICT COURT

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DISTRICT OF NEVADA

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Federal Trade Commission,
Case No.: 2:13-cv-00143-JAD-GWF

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Plaintiff
vs.
Ideal Financial Solutions, Inc., et al.,

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Order Granting Application for Fees
and Expenses for Receiver and
Professionals [Doc. 57]

Defendants

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Before the Court is the Receiver’s Unopposed Application for an Order Approving Fees and
Expenses of the Receiver and His Professionals filed May 17, 2013. Doc. 57.

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The Preliminary Injunction order dated February 15, 2013, authorizes Receiver Thomas W.

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McNamara to “[c]hoose, engage, and employ attorneys, accountants, appraisers, investigators, and

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other independents contractors and technical specialists, as [he] deems advisable or necessary in the

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performance of duties and responsibilities.” Doc. 18 at 16. In addition, the Order provides

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that the Receiver, and all persons or entities retained or hired by the Receiver as
authorized under this Order, shall be entitled to reasonable compensation for the
performance of duties undertaken pursuant to this Order and for the cost of actual
out-of-pocket expenses incurred by them from the Assets now held by or in the
possession or control of, or which may be received by, Receivership Entities. The
Receiver shall file with the Court and serve on the parties a request for the payment
of reasonable compensation at the time of the filing of any report required under this
Order. The Receiver shall not increase the fees or rates used as the bases for such fee
applications without prior approval of the Court.
Id. at 19.

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The Court has reviewed the Receiver’s Application and the Declaration of Receiver

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MacNamara supporting the application, Doc. 57-1, and has received no opposition thereto.

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Accordingly, and with good cause appearing, it is hereby ORDERED that Receiver Thomas W.

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McNamara’s Application for Order Approving Fees and Expenses of the Receiver and His

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Professionals [Doc. 57] is GRANTED. The Court approves payment of the following:

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1. $47,205.17 to Receiver Thomas W. McNamara;

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2. $115,055.05 to Receiver’s counsel Ballard Spahr LLP;

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3. $16,668.05 to Receiver’s forensic accountant David A. Birdsell, CPA;

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4. $11,562.67 to Receiver’s computer forensic expert Dataclues, Inc.; and

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5. $2,996.25 to Receiver’s private investigator The Professional Enterprise, LLC.

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See Doc. 57 at 1; Doc. 57-1 at 2–5; Doc. 57-2 at 3; Doc. 57-3 at 3; Doc. 57-4 at 6; Doc. 57-5
at 4; Doc. 57-6 at 3.
DATED October 152013.
October 15, 2013.

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_________________________________
Jennifer A. Dorsey
United States District Judge