Final dues allegedly enough to pay 96 retirees’ annual pensions
By Alexie Villegas Zotomayor
SAIPAN, CNMI (Marianas Variety, Aug. 1, 2012) – U.S. Bankruptcy Judge Robert J. Faris has ordered the immediate payment of $577,671.73 to the professionals engaged in the Retirement Fund’s failed Chapter 11 petition.
Faris finalized his order on the first interim and final application for fees filed by Brown Rudnick LLP, Law Office of Braddock J. Huesman, Gelber Gelber & Ingersoll (GG&I), Attorney Colin Thompson and the creditors committee.
In his written order on July 27, Faris approved $73,975.46 in compensation and $947.87 in reimbursement for the Honolulu-based GG&I.
Faris ordered the Fund to pay the firm immediately and in full amount.
GG&I’s local counterpart, Attorney Colin Thompson, is to be immediately paid $2,342.50 in full by the Fund.
Members of the creditors committee will be paid $336.90 as reimbursement for...