The expenses of the NMI Retirement Fund’s former trustee ad litem and two Fund lawyers for June totaling $77,331.19 has been approved for payment.
U. S. District Court for the NMI designated judge Frances Tydingco-Gatewood approved last week the request of former trustee ad litem Civille & Tang law firm for payment of $30,155 for professional services and $2,496.96 for reimbursement of expenses, for a total of $32,651.96.
Tydingco-Gatewood also approved Fund counsel Daniel J. Berman’s request for payment of $27,120 for professional services and $1,469.23 in expenses for a total invoice of $28,589.23.
For the Fund’s other counsel, Braddock J. Huesman, the judge granted the lawyer’s request for payment of $16,090 for professional services.
Tydingco-Gatewood said she found the requests for compensation and reimbursements of expenses to be reasonable.
The payment, the judge said, shall come from the money that was transferred from the Fund operations budget into the trustee ad litem’s client trust account.
It was during this time frame, the judge said, that the trustee ad litem and its attorneys participated in three days of intense negotiations with opposing parties and Hawaii chief bankruptcy judge Robert Faris that eventually resulted in a settlement of the Betty Johnson’s class action.
With the final approval of the global settlement agreement in Johnson’s class action last Sept. 30, Tydingco-Gatewood discharged the Civille & Tang law firm and its representative, Joseph Razzano, as trustee ad litem.
Last month, the judge appointed the same law firm, through its principal representative Joyce C. H. Tang, as the trustee who will run the settlement fund that will be created under the settlement agreement.