Sec. & Exch. Comm'n v. Mantria Corp.

Full title: SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. MANTRIA CORPORATION…

Court: UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLORADO

Date published: May 23, 2012

Civil Action No. 09-cv-02676-CMA-MJW (D. Colo. May. 23, 2012)

Opinion

Civil Action No. 09-cv-02676-CMA-MJW

05-23-2012

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. MANTRIA CORPORATION, TROY B. WRAGG, AMANDA E. KNORR, SPEED OF WEALTH, LLC, WAYDE M. MCKELVY, and DONNA M. MCKELVY, Defendants.

Christine M. Arguello

Judge Christine M. Arguello

ORDER APPROVING PAYMENT OF RECEIVER'S FEES AND EXPENSES FOR

THE PERIOD JANUARY 1, 2012, THROUGH MARCH 31, 2012, SUBJECT TO

A TWENTY PERCENT HOLDBACK

This matter is before the Court on the Receiver's Seventh Application for Approval of Payment of Receiver's Fees and Expenses for the Period from January 1, 2012 - March 31, 2012 ("Seventh Application") (Doc # 278).

In connection with the Seventh Application, the Receiver seeks approval of payment of the Receiver's fees in the amount of $4,864.00 and expenses in the amount of $24.68, as well as the fees and expense of his Retained Personnel as follows: Brownstein Hyatt Farber Schreck, LLP, counsel for the Receiver, $3,336.50 in fees (there were no expenses); Baum & Gustafson, tax attorney for the Receiver, $704.00 in fees (there were no expenses). (See id.) The Court being fully advised in the premises, finds that granting the Application is warranted, with a twenty percent deduction to be awarded at a later time, in the Court's discretion, in connection with the Receiver's final fee application. (See Doc. # 82, ¶ 61.)

Accordingly, IT IS ORDERED THAT:

1) The Receiver's Seventh Application for Approval of Payment of Receiver's Fees and Expenses for the Period January 1, 2012, through March 31, 2012 (Doc. # 278) is GRANTED, with the following modifications, and the following fees and expenses are to be paid out as follows from the funds in the Receivership estate:
(a) The Receiver be paid a total of $3,910.94 for his fees and expenses ($4,888.68 - $977.74¹) incurred for the period January 1, 2012, through March 31, 2012;
(b) Brownstein Hyatt Farber Schreck, LLP, counsel for the Receiver, be paid a total of $2,669.20 for its fees ($3,336.50 - $667.30) incurred for the period January 1, 2012, through March 31, 2012; and,
(c) Baum & Gustafson, tax accountant for the Receiver, be paid a total of $563.20 for its fees ($704.00 - $140.80) incurred for the period January 1, 2012, through March 31, 2012.

1 This figure represents a twenty-percent holdback.

BY THE COURT:

____________________

CHRISTINE M. ARGUELLO

United States District Judge