U.S. District Court for the NMI designated Judge Frances M. Tydingco-Gatewood last Monday approved the payment of $50,851 to the Settlement Fund\u2019s trustee for professional services and expenses incurred during the months of May to December last year.<\/p>\n
In addition, Tydingco-Gatewood granted trustee representative Joyce C. H. Tang\u2019s petition for release of $8,106, which represents the 10-percent retainer withheld from its invoices for services rendered and expenses incurred during the months of December 2016 to March 2018.<\/p>\n
The judge granted Tang\u2019s request as there was no objection to such invoices and the court being satisfied with the trustee\u2019s work.<\/p>\n
The total trustee\u2019s professional services and expenses for that eight-month period in 2016 was $56,381.<\/p>\n
The $50,851 represents 90 percent of the trustee\u2019s total $56,381 professional services and expenses.<\/p>\n
Tydingco-Gatewood ordered the Settlement Fund to hold in trust to the credit of the trustee the sum of $5,530, which represents 10 percent of the trustee\u2019s total professional fees for that eight-month period.<\/p>\n
The trustee may petition for release of this 10 percent retainer on a quarterly basis, subject to the court\u2019s satisfaction of the trustee\u2019s work and any objections.<\/p>\n
Tydingco-Gatewood said she has reviewed the invoice and finds the request for compensation and reimbursement of expenses to be reasonable.<\/p>\n
Tydingco-Gatewood expressed satisfaction with the work performed by Tang. <\/p>\n","protected":false},"excerpt":{"rendered":"
U.S. District Court for the NMI designated Judge Frances M. Tydingco-Gatewood last Monday approved the…<\/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":[733],"class_list":["post-291959","post","type-post","status-publish","format-standard","hentry","category-local-news","tag-settlement-fund"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/291959","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=291959"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/291959\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=291959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=291959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=291959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}