Securities and Exchange Commission v. Chen et al

Filing 163

ORDER granting Receiver's 160 Application. The Court APPROVES on an interim basis the application amounts of $10,642.35 for Foster Garvey and $56,719.30 for the Receiver. The Court further ORDERS that the Receiver is authorized to disburse 80% of the foregoing approved fees and costs. Signed by Judge James L. Robart. (LH)

Case 2:17-cv-00405-JLR Document 163 Filed 06/03/22 Page 1 of 3

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UNITED STATES DISTRICT COURT
WESTERN DISTRICT OF WASHINGTON
AT SEATTLE

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SECURITIES AND EXCHANGE
COMMISSION,

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v.

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Plaintiff,

Defendants.

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ORDER

ANDY SHIN FONG CHEN, et al.,

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CASE NO. C17-0405JLR

Before the court is the second quarterly application for compensation and
reimbursement of expenses of: (1) Receiver Geoffrey B. Winkler (“the Receiver”) in the
amounts of $56,716.50 in fees and $2.80 in costs; and (2) the Receiver’s counsel, Tara J.
Schleicher and Foster Garvey P.C. (collectively, “Foster Garvey”), in the amounts of
$10,467.35 in fees and $175.00 in costs. (2d Fee App. (Dkt # 160); 2d Fee Notice (Dkt.
# 161).) The Receiver and Foster Garvey seek an order authorizing disbursement of
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ORDER - 1

Case 2:17-cv-00405-JLR Document 163 Filed 06/03/22 Page 2 of 3

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80% of the total requested fees and costs. (See 2d Fee App.) No party has filed an

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opposition to the foregoing fee application. (See generally Dkt.)

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The court finds that the fees and costs represented in the instant fee application are

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reasonable and necessary, notice of the fee application was appropriate, the services

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provided were of substantial benefit to the estate, and the fee application is in accord with

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the court’s order appointing a receiver (Order Appt. Receiver (Dkt. # 130) ¶¶ 55-59).

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Accordingly, the court GRANTS the fee application (Dkt. # 160) listed above and
APPROVES on an interim basis the following application amounts:
Applicant:
Foster Garvey
The Receiver

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Period:
Fees:
January 1,
$10,467.35
2022, through
March 31, 2022
January 1,
$56,716.50
2022, through
March 31, 2022

Costs:
$175.00

Total:
$10,642.35

$2.80

$56,719.30

The court further ORDERS that the Receiver is authorized to disburse 80% of the

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foregoing approved fees and costs at this time to the foregoing respective applicants, as

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described below:

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(1) The court AUTHORIZES the Receiver to disburse $8,513.88 to Foster

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Garvey.

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(2) The court AUTHORIZES the Receiver to disburse $45,375.44 to the Receiver.
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ORDER - 2

Case 2:17-cv-00405-JLR Document 163 Filed 06/03/22 Page 3 of 3

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Dated this 3rd day of June, 2022.

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A

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JAMES L. ROBART
United States District Judge

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ORDER - 3