Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-ared-3_19-cv-00346/USCOURTS-ared-3_19-cv-00346-45/pdf.json

Nature of Suit Code: 190
Nature of Suit: Other Contract Actions
Cause of Action: 28:1441 Petition for Removal- Fraud

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IN THE UNITED STATES DISTRICT COURT 

EASTERN DISTRICT OF ARKANSAS 

NORTHERN DIVISION 

IN RE ELIJAH AND MARY 

STINY TRUSTS 

ORDER 

No. 3:19-cv-346-DPM 

1. The Court has received and reviewed the trustee's 

seventeenth status report. It is appreciated. 

2. The trustee's unopposed request to pay Lovett' s fees from 

September 2023 to February 2024 is granted. The fees are reasonable 

and were necessary in the representation of Rena Wood's estate. 

The Court approves payment of $1,280 to Glenn Lovett, Jr. PLC from 

Regions Account No. xxxx4646. 

3. The trustee's unopposed request to pay himself fees for 

work done between September 2023 and February 2024 is granted. 

This work was reasonable and necessary on behalf of the trust. 

The Court approves payment of $17,375.69 in attorney's fees and costs 

to The Perkins Law Firm, P.A. from Regions Account No. xxxx4646. 

4. On Lathrop Investment Management Corporation's fee: 

the trustee's embedded opposed motion to clarify and modify the 

Court's March 2023 approving Order, Doc. 307, is granted. The Lathrop 

agreement says: "Annual fees for investment services are charged at 

1/4 of 1 % of total assets under management, billed and payable 

Case 3:19-cv-00346-DPM Document 333 Filed 04/17/24 Page 1 of 3
quarterly in advance, based on the market value of the funds at 

the beginning of the quarter." Doc. 300-2 (emphasis original). 

The proposed agreement was attached to the trustee's motion. 

That agreement is what the Court approved. Doc. 307 at 3. Perhaps the 

fees sentence could have been clearer about the annual bottom line. 

But it was clear enough. This Court is the one who should have been 

clearer about the approved quarterly payment schedule. 

The Court remains convinced that the annual fee is reasonable for 

Lathrop's work The company is responsible for keeping more than 

twelve million dollars productive and secure. Therefore, the Court's 

March 2023 Order, Doc. 307, is modified nunc pro tune to conform to 

the truth of what was proposed and what the Court intended. 

Lathrop's approved annual fee amount, and the quarterly payment 

schedule, is as stated in the agreement. The practical effect of the fees 

can, 1n any event, be minimized through the imminent final 

distribution. 

5. The requested modification about the method of paying 

these fees is also approved. The fees of Lathrop Investment 

Management Corporation may be directly withheld and paid from 

Charles Schwab Account No. xxxx0149 and Account No. xxxx2893. 

6. The Court also approves the report, Doc. 322, and all actions 

taken by the trustee as described in his attached itemized statements. 

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Case 3:19-cv-00346-DPM Document 333 Filed 04/17/24 Page 2 of 3
So Ordered. 

I, 

D .P. Marshall Jr. 

United States District Judge 

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Case 3:19-cv-00346-DPM Document 333 Filed 04/17/24 Page 3 of 3