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: Oct 16, 2012

Civil Action No. 09-cv-02676-CMA-MJW (D. Colo. Oct. 16, 2012)

Opinion

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

10-16-2012

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 APRIL 1, 2012, THROUGH JUNE 30, 2012, SUBJECT TO

A TWENTY PERCENT HOLDBACK

This matter is before the Court on the Receiver's Eighth Application for Approval of Payment of Receiver's Fees and Expenses for the period from April 1, 2012 - June 30, 2012 ("Eighth Application"). (Doc # 301).

In connection with the Eighth Application, the Receiver seeks approval of payment of the Receiver's fees in the amount of $2,432.00 and expenses in the amount of $361.35, as well as the fees of his Retained Personnel as follows: Brownstein Hyatt Farber Schreck, LLP, counsel for the Receiver, $5,253.90 in fees (there were no expenses); Baum & Gustafson, tax attorney for the Receiver, $928.00 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 Eighth Application for Approval of Payment of Receiver's Fees and Expenses for the Period April 1, 2012, through June 30, 2012 (Doc. # 301) 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 $2,234.68 for his fees and expenses ($2,793.35 - $558.67¹) incurred for the period April 1, 2012, through June 30, 2012;
(b) Brownstein Hyatt Farber Schreck, LLP, counsel for the Receiver, be paid a total of $4,203.12 for its fees ($5,253.90 - $1,050.78) incurred for the period April 1, 2012, through June 30, 2012; and,
(c) Baum & Gustafson, tax accountant for the Receiver, be paid a total of $742.40 for its fees ($928.00 - $185.60) incurred for the period April 1, 2012, through June 30, 2012.

1 This figure represents a twenty-percent holdback.

BY THE COURT:

____________

CHRISTINE M. ARGUELLO

United States District Judge