Securities and Exchange Commission v. Biltmore Financial Group, Inc. et al

Filing 62

ORDER granting 55 Motion for Attorney Fees. Receiver authorized to pay Kellam & Pettit, P.A. the sum of $29,455.80 as attys' fees in this matter along with expenses in sum of $399.02 for period between 6/24/2009 through 9/30/09. Signed by District Judge Richard Voorhees on 12/29/2009. (cbb)

UNITED STATES DISTRICT COURT WESTERN DISTRICT OF NORTH CAROLINA STATESVILLE DIVISION SECURITIES AND EXCHANGE COMMISSION Plaintiff, ) ) ) ) v. ) ) BILTMORE FINANCIAL GROUP, ) INC. and J.V. HUFFMAN, JR., ) Defendants. ) ___________________________________ )

Case No. 5:08-cv-136

ORDER ALLOWING COMPENSATION AND EXPENSES FOR ATTORNEY FOR RECEIVER THIS CAUSE, coming on to be heard and being heard before Richard L. Voorhees, United States District Court Judge for the Western District of North Carolina, upon the Application of the law firm of Kellam & Pettit, P.A. for Compensation and Reimbursement of Expenses as Counsel for the Receiver; and It appearing to the Court that all parties in interest were given proper notice of the Application of the Firm of Kellam & Pettit, P.A. for Compensation and Reimbursement of Expenses as Counsel for the Receiver and that no party in interest filed an objection thereto; It further appearing to the Court that Kellam & Pettit, P.A. as counsel for the Receiver has rendered valuable legal services as Receiver for Defendants J.V. Huffman, Jr. and Biltmore Financial Group, Inc. from June 24, 2009 through September 30, 2009 and that the firm should be paid for services rendered during said time, along with their expenses; and It further appearing to the Court that under the standards set for compensation, Kellam & Pettit, P.A.'s fees are fair and reasonable; 1

NOW, THEREFORE, IT IS ORDERED, ADJUDGED, AND DECREED that the Receiver be and he herewith is authorized to pay to Kellam & Pettit, P.A. the sum of $29,455.80 as attorneys' fees in this matter, along with expenses in the sum of $399.02 for the period of time from June 24, 2009 through September 30, 2009.

Signed: December 29, 2009

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