Schooler

Securities and Exchange Commission v. Schooler

Good Law
United States District Court, Southern District of CaliforniaAugust 21, 20203:12-cv-02164California1,423 words

Opinion

Trial Court Opinion

I. BACKGROUND

25 A. Receiver 26 In the Thirty-First Fee Application, the Receiver asserts that he incurred 27 $14,373.00 in fees and $75.30 in costs for the application period covering January 1, 28 2020 through March 31, 2020 (“Application Period”). ECF No. 1772 at 2. The breakdown of the fees amassed is as follows: Category Total General Receivership $321.75 Asset Investigation & Recovery $0.00 Reporting $1,046.25 Operations & Asset Sales $13,005.00 Claims & Distributions $0.00 9 Legal Matters & Pending Litigation $0.00 10 Total $14,373.00

12 Id. at 3–4. Receiver now seeks payment of 80% of fees incurred, amounting to 13 $11,498.40, and 100% of the costs, which account for postage and copies. ECF No. 14 1772-3, Ex. C. 15 B. Allen Matkins 16 In the Thirty-First Interim Fee Application, Allen Matkins asserts that it incurred 17 $7,110.00 in fees and $18.00 in costs during the Application Period. ECF No. 1773 at 2. 18 The breakdown of the fees amassed is as follows: 19…

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