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FOR SEPTEMBER TO DECEMBER 2013
$39.3K OK’d for Tang’s payment
U.S. District Court for the NMI designated judge Frances Tydingco-Gatewood has ordered the Settlement Fund to pay its trustee, Joyce C. H. Tang, $39,272.98 for professional services and expenses incurred during the months of September to December 2013.
Tydingco-Gatewood said the amount represents 90 percent of professional fees and 100 percent of all expenses incurred in September, October, November, and December 2013.
The judge further ordered the Settlement Fund to hold in trust t the sum of $4,149.75, which represents 10 percent of Tang’s professional fees for that period.
Tydingco-Gatewood said Tang may petition for the release of the 10 percent retainage every quarter.
Tang requested for compensation in the amounts of $41,497.50 in professional services and $1,925.23 in expenses, for a total of $43, 422.73 for the four-month period.
The judge said she reviewed her order for payment of the trustee’s invoices for that four-month period that she issued on April 29, 2014.
Tydingco-Gatewood said the April 29 order contained a table summarizing the four invoices Tang submitted for the Settlement Fund.
However, she said, the totals listed on the table did not include the amounts set forth in the September invoice.
In amending the table, Tang said the September invoice contains $6,450 in professional services and $421 in expenses, for a total of $6,871.
Last week, Tydingco-Gatewood ordered the Settlement Fund to pay Tang $39,656.80 for professional services and expenses incurred from March to May 2014. Last April, the judge also ordered the Settlement Fund to pay Tang $25,634.25 for professional services and expenses incurred in January and February 2014.
