Securities Exchange Commissionv.Vassallo

United States District Court, E.D. California, SacramentoSep 28, 2010
Case No. CV 09-000665 LKK-DAD (E.D. Cal. Sep. 28, 2010)

Case No. CV 09-000665 LKK-DAD.

September 28, 2010

FUTTERMAN DUPREE DODD CROLEY MAIER LLP, JAMIE L. DUPREE (158105), JAIME G. TOUCHSTONE (233187), San Francisco, CA, Attorneys for Receiver, Stephen E. Anderson.


LAWRENCE KARLTON, Senior District Judge

The second application of court-appointed receiver Stephen E. Anderson ("Receiver") for fees and costs incurred from October 1, 2009 through May 31, 2010 came on regularly for hearing on September 13, 2010 at 10:00 a.m. in Courtroom 4 of the above-entitled Court, located at 501 I Street, Sacramento, California, 95814, with Jamie L. Dupree appearing on behalf of Receiver;

Having reviewed the papers of Receiver and having heard the argument of counsel, and

FOR GOOD CAUSE SHOWN, the Court hereby finds and orders as follows:

Receiver's Second Application for Fees and Costs is hereby GRANTED. Adequate and proper notice of this application was provided to Equity Investment Management and Trading, Inc. investors and other interested parties. The fees and costs sought by Receiver are reasonable and the services rendered have been of benefit to the receivership estate.

The Court further orders that Receiver is authorized to engage John H. Moulton as his consultant, at the rate of $175.00/hour, retroactive to May 26, 2010.

Accordingly, Receiver is authorized to make the following payments:

Name Fees Costs Total Payment TOTALS $366,387.28 $14,739.60 $381,126.88

Receiver Stephen E. $76,511.25 $1,432.83 $77,944.08 Anderson Stephan A. Werth, $8,872.50 — $8,872.50 C.P.A. Cindi Sherrod $27,338.33 $2,775.67 $30,114.00 John H. Moulton $542.50 — $542.50 Holland Hart, LLP $553.00 $39.00 $592.00 Futterman Dupree $280,633.00 (billed) $10,492.10 $263,061.80 Dodd Croley Maier —$28,063.30 (10% LLP discount) =$252,569.70 IT IS SO ORDERED.

Dated: September 27, 2010.