Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_07-cv-03444/USCOURTS-cand-4_07-cv-03444-2/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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[PROPOSED] ORDER APPOINTING TAX 

ADMINSTRATOR 

SEC v. MARK LESLIE, et al., Civil Action No. C 

07-3444 -JF 

 

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RICHARD HONG (Trial Counsel) (Admitted in New York) 

SCOTT W. FRIESTAD 

MELISSA A. ROBERTSON 

JEFFREY B. FINNELL 

THOMAS D. MANGANELLO 

Attorneys for Plaintiff 

SECURITIES AND EXCHANGE COMMISSION 

100 F Street, N.E. 

Washington, DC 20549-4010-A 

Telephone: (202) 551-4431 (Hong) 

Facsimile: (202) 772-9246 (Hong) 

Email: hongr@sec.gov

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN JOSE DIVISION 

SECURITIES AND EXCHANGE 

COMMISSION, 

 Plaintiff, 

 vs. 

MARK LESLIE, et al., 

 Defendants. 

Civil Action No. C 07-3444 JF 

[PROPOSED] ORDER APPOINTING 

TAX ADMINISTRATOR

The Court having reviewed the Securities and Exchange Commission’s motion to appoint 

Damasco & Associates as Tax Administrator, and for good cause shown; 

IT IS HEREBY ORDERED: 

1. Damasco & Associates is appointed as Tax Administrator to execute all income tax 

reporting requirements, including the preparation and filing of tax returns, with respect to funds 

under this Court’s jurisdiction in this case (the “Settlement Fund”). 

2. Damasco & Associates shall be designated the administrator of the Settlement Fund, pursuant 

to section 468B(g) of the Internal Revenue Code (IRC), 26 U.S.C. § 468B(g), and related regulations, 

**E-filed 10/26/07** ---------------

Case 4:07-cv-03444-CW Document 40 Filed 10/26/07 Page 1 of 3
[PROPOSED] ORDER APPOINTING TAX 

ADMINSTRATOR 

SEC v. MARK LESLIE, et al., Civil Action No. C 

07-3444 -JF 

 

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and shall satisfy the administrative requirements imposed by those regulations, including but not limited 

to (a) obtaining a taxpayer identification number, (b) filing applicable federal, state, and local tax returns 

and paying taxes reported thereon out of the Settlement Fund, and (c) satisfying any information, 

reporting, or withholding requirements imposed on distributions from the Settlement Fund. The Tax 

Administrator shall contemporaneously provide copies of all such filings to the Commission’s 

counsel of record. 

 3. The Tax Administrator shall, at such times as the Tax Administrator deems necessary to 

fulfill the tax obligations of the Settlement Fund, request that the Commission’s counsel of record file 

with the Court a motion, supported by the Tax Administrator’s declaration of the amount of taxes due, 

to transfer funds from the Settlement Fund on deposit with the Court to pay any tax obligations of the 

Settlement Fund. 

 4. The Tax Administrator shall be entitled to charge reasonable fees for tax compliance services 

and related expenses in accordance with its agreement with the Commission. The Tax Administrator 

shall, at such times as the Tax Administrator deems appropriate, submit a declaration of fees and 

expenses to the Commission’s counsel of record for submission to the Court for approval and for 

payment from the Settlement Fund. No fees or expenses may be paid absent the Court’s prior approval. 

Case 4:07-cv-03444-CW Document 40 Filed 10/26/07 Page 2 of 3
[PROPOSED] ORDER APPOINTING TAX 

ADMINSTRATOR 

SEC v. MARK LESLIE, et al., Civil Action No. C 

07-3444 -JF 

 

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5. At least ten (10) days before any motion to pay fees and expenses is filed with the Court, the 

Tax Administrator shall provide the Commission counsel of record with a draft of the supporting 

declaration for review. If the Commission has any corrections or objections to the declaration, the Tax 

Administrator and the Commission’s counsel shall attempt to resolve them on a consensual basis. If a 

consensual resolution is not reached, the Commission may submit with the motion any objections along 

with the Tax Administrator’s response thereto. 

SO ORDERED. 

Dated: ___________________ 

________________________________ 

JEREMY FOGEL 

United States District Judge 

10/26/07

Case 4:07-cv-03444-CW Document 40 Filed 10/26/07 Page 3 of 3