U.S. District Court for the NMI designated judge Frances Tydingco-Gatewood has found reasonable the request for compensation and reimbursement of expenses in the amount of $53,528 filed by Settlement Fund trustee Joyce C.H. Tang that were incurred for a three-month period.<\/p>\n
In an order on Thursday, Tydingco-Gatewood directed the Settlement Fund to pay Tang $48,771.80, which represents 90 percent of her professional fees and 100 percent of all expenses incurred from May through July 2015.<\/p>\n
The judge further ordered the Settlement Fund to hold in trust to the credit of Tang the sum of $4,756.20, which represents 10 percent of the trustee\u2019s professional fees for this period.<\/p>\n
Tydingco-Gatewood said Tang may petition for release of the 10 percent retainage on a quarterly basis, subject to the court\u2019s satisfaction of the trustee\u2019s work and any objections to the trustee\u2019s compensation requests.<\/p>\n
Tang requested for compensation in the amounts of $12,218.80 for professional services and expenses for May; $17,447.40 for June; and $23,861.80 for July, for a total of $53,528.<\/p>\n
Tydingco-Gatewood said she has reviewed the invoices and finds Tang\u2019s request for compensation and reimbursement of expenses to be reasonable.<\/p>\n
\u201cThe court is satisfied with the work performed by the trustee during this time frame,\u201d Tydingco-Gatewood said.
\nLast June, the judge approved Tang\u2019s request for compensation and reimbursement of expenses in the amount of $69,806.10 for a six-month period, from November 2014 to April 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"
U.S. District Court for the NMI designated judge Frances Tydingco-Gatewood has found reasonable the request…<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[93,5924,257,733],"class_list":["post-211782","post","type-post","status-publish","format-standard","hentry","category-local-news","tag-district-court","tag-last-june","tag-nmi","tag-settlement-fund"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/211782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=211782"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/211782\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=211782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=211782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=211782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}