Ragan v. AppHarvest, Inc. et al

Filing 135

ORDER: A fairness hearing in this case is scheduled for July 11, 2024 in Courtroom 15C of the U.S. District Court for the Southern District of New York. Among other things, Lead Plaintiff seeks reimbursement of legal expenses in the amount of � 36;166,987.77. The fee expenses include $90,400.00 for the time of outside counsel to assist in the bankruptcy, $40,489.50 for investigator fees, $20,053.25 for expert fees, and $11,250.00 for mediation fees. Courts permit reim bursement of such expenses as long as "they are of the type normally billed by attorneys to paying clients" and "counsel's documentation of them is adequate." Guevoura Fund Ltd. v. Sillerman, 2019 WL 6889901, at *22 (S.D.N. Y. Dec. 18, 2019) (internal citations and quotations omitted). The only documentation submitted of the expenses is a one-page "Expense Sheet" prepared by counsel. Dkt. No. 129-3 at ECF p. 54. No underlying documentation is submitted to support those expenses. Accordingly, counsel should be prepared at the hearing or by filing on ECF prior to the hearing to submit documentation supporting the requested expenses. SO ORDERED. (Signed by Judge Lewis J. Liman on 7/9/2024) (ks)

Download PDF
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK ---------------------------------------------------------------------- X : : : : IN RE APPHARVEST SECURITIES LITIGATION : : : : : ---------------------------------------------------------------------- X 07/09/2024 21-cv-07985 (LJL) ORDER LEWIS J. LIMAN, United States District Judge: A fairness hearing in this case is scheduled for July 11, 2024 in Courtroom 15C of the U.S. District Court for the Southern District of New York. Among other things, Lead Plaintiff seeks reimbursement of legal expenses in the amount of $166,987.77. The fee expenses include $90,400.00 for the time of outside counsel to assist in the bankruptcy, $40,489.50 for investigator fees, $20,053.25 for expert fees, and $11,250.00 for mediation fees. Courts permit reimbursement of such expenses as long as “they are of the type normally billed by attorneys to paying clients” and “counsel’s documentation of them is adequate.” Guevoura Fund Ltd. v. Sillerman, 2019 WL 6889901, at *22 (S.D.N.Y. Dec. 18, 2019) (internal citations and quotations omitted). The only documentation submitted of the expenses is a one-page “Expense Sheet” prepared by counsel. Dkt. No. 129-3 at ECF p. 54. No underlying documentation is submitted to support those expenses. Accordingly, counsel should be prepared at the hearing or by filing on ECF prior to the hearing to submit documentation supporting the requested expenses. SO ORDERED. Dated: July 9, 2024 New York, New York __________________________________ LEWIS J. LIMAN United States District Judge

Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. These filings and docket sheets should not be considered findings of fact or liability, nor do they necessarily reflect the view of Justia.


Why Is My Information Online?