U.S. District Court for the NMI designated Judge Frances M. Tydingco-Gatewood approved yesterday the payment of $36,500.94 to the Settlement Fund trustee for professional services and expenses incurred for a 10-month period in 2016.<\/p>\n
Saying she is extremely satisfied with the work performed by Trustee\u2019s principal representative Joyce C.H. Tang, Tydingco-Gatewood in a separate order yesterday ordered the Settlement Fund to pay Trustee Tang from the funds being held in the trust in the sum of $5,294.52 incurred for September 2015 to February 2016. <\/p>\n
The $5,294.52 is the total amount ordered retained by the court for Tang\u2019s monthly professional fees billed during the period beginning September 2015 through February 2016.<\/p>\n
With respect to the $36,500.94 payment, the judge said she reviewed the invoices and finds Tang\u2019s request for compensation and reimbursement of expenses to be reasonable.<\/p>\n
Tydingco-Gatewood said she is satisfied with Tang\u2019s work performed during this time frame.<\/p>\n
The judge said the $36,500.94 represents 90 percent of the professional fees and 100 percent of all expenses incurred during the months of Feb. 2016 through Nov. 2016.<\/p>\n
Tydingco-Gatewood ordered the Settlement Fund to hold in trust to the credit of the Trustee the sum of $4,015.25, which represents of the Trustee\u2019s professional fees for this time period.<\/p>\n
The Trustee 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 compensation requests. <\/p>\n
Last June, Tydingco-Gatewood ordered the Settlement Fund to pay the Trustee $39,196.92 to for professional services and expenses incurred for a four-month period, October 2015 through January 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"
U.S. District Court for the NMI designated Judge Frances M. Tydingco-Gatewood approved yesterday 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":[93,5924,733,5358],"class_list":["post-243816","post","type-post","status-publish","format-standard","hentry","category-local-news","tag-district-court","tag-last-june","tag-settlement-fund","tag-trustee-tang"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/243816","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=243816"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/243816\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=243816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=243816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=243816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}