Opinion
20 Civ. 10849 (LGS)
10-03-2022
UNITED STATES SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. STEFAN QIN, et al., Defendants.
ORDER
LORNA G. SCHOFIELD, District Judge.
WHEREAS, on July 25, 2022, the Fifth Fee Application submitted by Court-appointed Receiver Robert A. Musiala, Jr., Esq. (the “Receiver”) of Baker & Hostetler LLP (“BakerHostetler”), was granted in part. In light of the missing information in the status report and fee application, the Court held back 10% of the payment requested until the requisite information was provided. The Receiver was authorized to make payments in the following amounts: $596,639.22 (BakerHostetler); $290,004.83 (Ankura) and $10,687.50 (Law Office of Dennis O. Cohen, PLLC).
WHEREAS, on September 7, 2022, the Receiver submitted a status letter and accompanying asset recovery memorandum to provide the Court with additional information. The supplemental materials provided in substantial part the information requested by the Order dated July 25, 2022. It is hereby
ORDERED that the remaining 10% of the Fifth Fee Application is GRANTED. The Receiver is authorized to make payments for the following amounts: $66,626.58 (BakerHostetler); $32,222.76 (Ankura) and $1,187.50 (Law Office of Dennis O. Cohen, PLLC).