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

Filing 473

ORDER APPROVING ELEVENTH INTERIM APPLICATION OF STRETTO, I C. FOR ALLOWANCE OF COMPENSATION AND REIMBURSEMENT OF EXPENSES INCURRED DURING THE PERIOD OCTOBER 1, 2024 THROUGH AND INCLUDING DECEMBER 31, 2024 granting 458 Motion for Attorney Fees. ORDERED that the Interim Application for the period covering October l, 2024 through December 31, 2024 (the "Application Period") is granted; and it is further ORDERED that the fees requested by Stretto for the Application Period are allowed on an interim basis in the amount of$19,257.81 (the "Allowed Fees"); and it is further ORDERED that Stretto's request for reimbursement of its out-of-pocket expenses for the Application Period is allowed on an interim basi s in the amount of $9,624.03; and it is further ORDERED that the Receiver is authorized, at the time the Receiver deems prudent, to pay to Stretto from the Receivership assets (i) the Allowed Fees, less the Holdback Amount, plus (ii) 100% of the allowed out-of-pocket expenses of Applicant. SO ORDERED. (Signed by Judge Lewis A. Kaplan on 3/12/2025) (ar) Transmission to Finance Unit (Cashiers) for processing.

Case 1:22-cv-03897-LAK

Document 459

U ITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
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SECURlTIES AND EXCHANGE COMMISSION, :
Plaintiff,
No. 1:22-cv-03897-LAK

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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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ORDER APPROVING
ELEVENTH INTERIM APPLICATION OF STRETTO, I C. FOR ALLOWANCE OF
COMPENSATION AND REIMBURSEMENT OF EXPENSES INCURRED DURING
THE PERIOD OCTOBER 1, 2024 THROUGH AND INCLUDING DECEMBER 31, 2024
THIS MATTER coming before the Court on the Eleventh Interim Application of Stretto,
Inc. ("Stretto") as administrative and claims agent for Melanie L. Cyganowslci, the court appointed
receiver herein (the "Receiver"), for Allowance of Compensation and Reimbursement of Expenses
Incurred During the Period October 1, 2024 through December 31, 2024 (the "Interim
Application") 1 [Diet. No. lt5$ ]; and the Court having considered the Interim Application and
exhibits and other documents filed in support of the Interim Application; 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

1 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

Document 459

Filed 02/14/25

Page 2 of 2

ORDERED that the Interim Application for the period covering October l, 2024 through
December 31, 2024 (the "Application Period") is granted; and it is further
ORDERED that the fees requested by Stretto for the Application Period are allowed on an
interim basis in the amount of$19,257.81 (the "Allowed Fees"); and it is further
ORDERED that Stretto's request for reimbursement of its out-of-pocket expenses for the
Application Period is allowed on an interim basis in the amount of $9,624.03; and it is further
ORDERED that the Receiver is authorized, at the time the Receiver deems prudent, to pay
to Stretto from the Receivership assets (i) the Allowed Fees, less the Holdback Amount, plus (ii)
100% of the allowed out-of-pocket expenses of Applicant.
SO ORDERED.
Dated:

t{-_U v

, 2025

New Yoili,New York

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