U.S. District Court for the NMI designated Judge Frances M. Tydingco-Gatewood has approved the payment of $39,196.92 to the trustee for Settlement Fund for professional services and expenses incurred for a four-month period. <\/p>\n
Tydingco-Gatewood said she reviewed the invoices and finds the request of Settlement Fund trustee\u2019s principal representative Joyce C. H. Tang for compensation and reimbursement of expenses to be reasonable.<\/p>\n
The judge said she is satisfied with the work performed by Tang during this time frame.<\/p>\n
Tydingco-Gatewood ordered the Settlement Fund to pay the Trustee $35,379.52, which represents 90 percent of the professional fees and 100 percent of all expenses incurred during the months of October 2015 through January 2016.<\/p>\n
The Settlement Fund was further ordered to hold in trust to the credit of the Trustee the sum of $3,817.40, which represents 10 percent of the Trustee\u2019s professional fees for this time period.<\/p>\n
Pursuant to a previous court order for the appointment of Trustee, 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 request.<\/p>\n
From October 2015 to January 2016, Tang requested compensation for work performed in the amount of $38,174 and $1,022.92 for expenses, or for a total of $39,196.92.<\/p>\n
Last December, Tydingco-Gatewood ordered the Settlement Fund pay Tang $13,948.07 in compensation and reimbursement expenses incurred for August and September 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"
U.S. District Court for the NMI designated Judge Frances M. Tydingco-Gatewood has approved the payment…<\/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":[93,1562,733,4656],"class_list":["post-229482","post","type-post","status-publish","format-standard","hentry","category-local-news","tag-district-court","tag-last-december","tag-settlement-fund","tag-settlement-trustee"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/229482","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=229482"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/229482\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=229482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=229482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=229482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}