Previous Story
March payment of $14,820 to Settlement Trustee OK’d
U.S. District Court for the NMI designated Judge Frances M. Tydingco-Gatewood has approved the payment of $14,820 to the Settlement Fund trustee for professional services and expenses incurred during the month of March 2018.
Tydingco-Gatewood said she has reviewed the invoice and finds the request for compensation and reimbursement of expenses to be reasonable.
Tydingco-Gatewood expressed satisfaction with the work performed by Trustee principal representative Joyce C. H. Tang.
Accordingly, the judge ordered the Settlement Fund to pay the Trustee $13,405, which represents 90 percent of the Trustee’s professional fees and all expenses incurred last March.
She further ordered the Settlement Fund to hold in trust to the credit of the Trustee the sum of $1,415, which represents 10 percent of the Trustee’s professional fees for that month.
The Trustee, the judge said, may petition for release of the 10 percent retainer on a quarterly basis, subject to the court’s satisfaction of the Trustee’s work and any objections to the compensation requests.
The Trustee requested for payment of $14,157.50 in professional services and $663.48 in expenses for that period, or for a total invoice amount of $14,820.98.
