Document ID: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_03-cv-02729/USCOURTS-cand-3_03-cv-02729-4/pdf.json

Parties Involved:
Terry W. Davis
Defendant
Securities And Exchange Commission
Plaintiff

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UNITED STATES DISTRICT COURT 

FOR THE NORTHERN DISTRICT OF CALIFORNIA 

SAN FRANCISCO DIVISION 

SECURITIES AND EXCHANGE 

COMMISSION,

 Plaintiff, 

 v. 

TERRY W. DAVIS, 

 Defendant. 

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Case No. CV 03-2729 (MMC)

ORDER APPOINTING A TAX ADMINISTRATOR

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

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

IT IS HEREBY ORDERED: 

1. Damasco & Associates LLP 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 “Distribution Fund”). 

2. Damasco & Associates LLP shall be designated the administrator of the Distribution 

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

related regulations, 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 Distribution Fund, 

and (c) satisfying any information, reporting, or withholding requirements imposed on distributions 

Case 3:03-cv-02729-MMC Document 29 Filed 02/11/10 Page 1 of 2
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from the Distribution 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 Distribution 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 Distribution Fund on deposit with the Court to pay any tax 

obligations of the Distribution 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 Distribution Fund. No fees or expenses may be paid 

absent the Court’s prior approval. 

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. 

Dated: _____________ 

________________________________

UNITED STATES DISTRICT JUDGE 

February 11, 2010

Case 3:03-cv-02729-MMC Document 29 Filed 02/11/10 Page 2 of 2