United States District Court, E.D. Pennsylvania
January 8, 2015
SECURITIES AND EXCHANGE COMMISSION, Plaintiff,
ROBERT STINSON, JR., et al., Defendants.
BERLE M. SCHILLER, District Judge.
AND NOW, this 8th day of January, 2015, upon consideration of the Receiver's Final Fee Application, the Commission's Response and Alternative Proposal, the Receiver's Reply thereto, the Commission's Supplemental Memorandum Addressing the Receiver's Proposed Distribution Methodology, and following a hearing on December 1, 2014, and for the reasons provided in this Court's Memorandum dated January 8, 2015, it is hereby ORDERED that:
1. The Receiver's Final Fee Application (Document No. 321) is DENIED.
2. The Commission's Alternative Proposal to distribute one-half of the remaining Estate to investors (Document No. 324) is GRANTED.
3. The Commission is ordered to submit a final distribution plan to the Court no later than January 26th, 2015.