Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_04-cv-04144/USCOURTS-cand-3_04-cv-04144-4/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:78m(a) Securities Exchange Act

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Corrected Order Transferring Funds

Case No. C-04-04144-CRB

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JINA L. CHOI (NY Bar No. 2699718)

JOHN S. YUN (Cal Bar No. 112260)

Email: yunj@sec.gov

Attorneys for Plaintiff

SECURITIES AND EXCHANGE COMMISSION

44 Montgomery Street, Suite 2800

San Francisco, California 94104

Telephone: (415) 705-2468

Facsimile: (415) 705-2501

SECURITIES AND EXCHANGE COMMISSION,

 

 Plaintiff,

vs.

JERRY SHAW-YAU CHANG,

 Defendant

Civil Action No. 

C-04-4144-CRB

CORRECTED ORDER GRANTING 

PLAINTIFF SECURITIES 

AND EXCHANGE COMMISSION’S 

MISCELLANEOUS ADMINISTRATIVE 

APPLICATION TO PAY DISTRIBUTION 

FEES AND TRANSFER FUNDS TO THE 

UNITED STATES TREASURY

Date: NA

Time: NA

Judge: Charles R. Breyer

Courtroom: 6

CORRECTED ORDER GRANTING APPLICATION TO PAY DISTRIBUTION FEES

Pursuant to Civil Local Rule 7-11, plaintiff Securities and Exchange Commission 

(“Commission”) filed a Miscellaneous Administrative Application for authorization to pay the 

distribution fees of the Garden City Group (“GCG”), which is the Claims Administrator in this 

proceeding. On February 13, 2007, this Court authorized the distribution of the $400,000 to the 

injured investors in Clarent Corporation (“Clarent”) during the period of January 19, 2001 through 

August 31, 2001 and the retention of GCG to handle the administration of that distribution 

(“Distribution Order”). The Distribution Order authorized holding back funds from disbursement to 

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SAN FRANCISCO DIVISION

Case 3:04-cv-04144-CRB Document 56 Filed 10/17/16 Page 1 of 2
Corrected Order Transferring Funds

CASE NO. C-04-04144-CRB

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cover GCG’s administrative fees and potential income taxes. The Distribution Order also authorized 

GCG to request the payment of its administrative fees from the distribution fund, subject to the 

Commission’s review and approval of GCG’s fees. 

GCG has submitted to the Commission a final invoice in the amount of $29,082.51 for its 

services, fees and expenses (“Final Invoice”). The Commission has reviewed and approved that final 

invoice as being reasonable, and the Court therefore authorize GCG to pay that invoice from the 

remaining distribution funds.

After $29,082.51 is paid to GCG, there will be a corrected remaining balance of just $89.35 in 

the distribution fund. The Court authorizes the transfer of any remaining balance from the distribution 

fund to the Commission so that the balance can be forwarded by the Commission to the United States 

Treasury.

SO ORDERED.

Dated: October 14, 2016

__________________________

CHARLES R. BREYER, Judge

United States District Court

Case 3:04-cv-04144-CRB Document 56 Filed 10/17/16 Page 2 of 2