Securities and Exchange Commission v. Straightpath Venture Partners, LLC et al

Filing 471

ORDER APPROVING ELEVENTH JOINT INTERIM APPLICATION OF THE RECEIVER AND OTTERBOURG P.C. FOR ALLOWANCE OF COMPENSATION AND REIMBURSEMENT OF EXPENSES INCURRED DURING THE PERIOD OCTOBER 1, 2024 THROUGH AND INCLUDING DECEMBER 31, 2024 granting 452 Motion for Attorney Fees. ORDERED that the Interim Application for the period covering October 1, 2024 through and including December 31, 2024 (the "Application Period") is granted; and it is further ORDERED that the Receiver's compensation for the Application Period is allowed on an interim basis in the amount of $22,601.25 (the "Allowed Receiver Fees"); and it is further ORDERED that the fees requested by Otterbourg for the Application Period are allowed o n an interim basis in the amount of $642,141.45 (the "Allowed Otterbourg Fees" and, together with the Allowed Receiver Fees, the "Allowed Fees"); and it is further ORDERED that Otterbourg's request for reimbursement of i ts out-of-pocket expenses for the Application Period is allowed on an interim basis in the amount of $5,503.71 (the "Allowed Expenses"); and it is further ORDERED that the Receiver will not pay any portion of the Allowed Fees or Allowe d Expenses until further Court Order authorizing the payment of the Allowed Fees and Allowed Expenses, except for the Holdback Amount, which unless otherwise approved by the Court will not be paid until the conclusion of the Receivership if and to the extent allowed by the Court. SO ORDERED. (Signed by Judge Lewis A. Kaplan on 3/12/2025) (ar) Transmission to Finance Unit (Cashiers) for processing.

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Case 1:22-cv-03897-LAK

Document 471

Filed 03/12/25

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Case 1:22-cv-03897-LAK

Document 453

Filed 02/14/25

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USDC SONY
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
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SECURITIES AND EXCHANGE COMMISSION, :

DOCUMENT
ELECTRONICALLY FILED
DOC #: --~-,...--,---DATE FILED:~=-,-....--+-.........-=--

Plaintiff,
-v-

No. 1:22-cv-03897-LAK

STRAIGHTPATH VENTURE PARTNERS LLC,
STRAIGHTPATH MANAGEMENT LLC,
BRIAN K. MARTINSEN,
MICHAEL A. CASTILLERO,
FRANCINE A. LANAIA, and
ERIC D. LACHOW,
Defendants.

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-reRoroSEll] -ORDER APPROVING ELEVENTH JOINT INTERIM APPLICATION OF THE
RECEIVER AND OTTERBOURG P.C. FOR ALLOWANCE OF
COMPENSATION AND REIMBURSEMENT OF EXPE SES INCURRED DURING
THE PERIOD OCTOBER 1, 2024 THROUGH AND INCLUDI G DECEMBER 31, 2024
THIS MATTER coming before the Court on the Eleventh Joint Interim Application of the
Receiver (the "Receiver") and Otterbourg P.C. ("Otterbourg"), counsel for the Receiver, for
Allowance of Compensation and Reimbursement of Expenses Incurred During the Period October
1, 2024 Through and Including December 31, 2024 (the "Interim Application")' [Dlct. No. '1 5:1];
and the Court having considered the Interim Application and exhibits and other documents filed
in support of the Interim App lication; and the Court having found that the Interim Application

complies with applicable standards for awarding fees and expenses; and after due deliberation and
for good and sufficient cause shown; it is hereby

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Capitalized terms utilized but not otherwise defined herein shall have the meaning ascribed to them in the Interim
Application.

Case 1:22-cv-03897-LAK
Case 1:22-cv-03897-LAK

Document 471
Document 453

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Filed 02/14/25 Page 2 of 2

ORDERED that the Interim Application for the period covering October 1, 2024 through
and including December 31, 2024 (the " Application Period") is granted; and it is further

ORDERED that the Receiver's compensation for the Application Period is allowed on an
interim basis in the amount of $22,60 1.25 (the "Allowed Receiver Fees"); and it is further

ORDERED that the fees requested by Otterbourg for the Application Period are allowed
on an interim basis in the amount of $642,141.45 (the "Allowed Otterbourg Fees" and, together
with the Allowed Receiver Fees, the "Allowed Fees"); and it is further

ORDERED that Otterbourg's request for reimbursement of its out-of-pocket expenses for
the Application Period is allowed on an interim basis in the amount of $5,503.71 (the "Allowed
Expenses"); and it is further

ORDERED that the Receiver will not pay any portion of the Allowed Fees or Allowed
Expenses until further Court Order authorizing the payment of the Allowed Fees and Allowed
Expenses, except for the Holdback Amount, which unless otherwise approved by the Court will
not be paid until the conclusion of the Receivership if and to the extent allowed by the Court.

SO ORDERED.

Dated:_~7_/_/_'2---~, 2025
New York, N~w York
Hon. Lewis A. Kaplan
United States District Judge

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