United States Securities and Exchange Commission v. Larmore et al

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WO
IN THE UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF ARIZONA
United States Securities and Exchange
Commission,
Plaintiff,
v.
Jonathan Larmore, et al.,
Defendants.
No. CV-23-02470-PHX-DLR
ORDER
Before the Court is the Fifth Application (“Application”) for allowance and payment
of professionals’ fees and reimbursement of expenses for StoneTurn Group LLP
(“StoneTurn”) and Archer & Greiner, P.C. (“Archer,” and together, the “Retained
Personnel”) for the period of January 1, 2025 through March 31, 2025 (the “Application
Period”). (Doc. 358.) No objections to the reasonableness of the fees and expenses were
filed (Doc. 378), but Relief Defendant Michelle Larmore filed a limited objection related
to the use of Community Assets (Doc. 371). Thereafter, Michelle Larmore and Allen D.
Applbaum, the Court-appointed Receiver for ArciTerra Companies, LLC, and related
entities, entered a stipulation resolving Michelle Larmore’s limited objection. (Docs. 373,
374.)
Having considered the Application and supporting documentation and finding that
the requested fees and expenses are reasonable, there being no objection to an award of
Case 2:23-cv-02470-DLR Document 475 Filed 01/28/26 Page 1 of 2

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those fees and expenses, and subject to the terms of the stipulation entered at Docket Entry
374,
IT IS ORDERED that the Application (Doc. 358) is GRANTED as follows:
1. StoneTurn’s fees in the amount of $1,114,807.95 for services rendered during the
Application Period are approved.
2. The sum of $334,442.39 (30%) of the approved fees shall be held back until
further order of the Court.
3. StoneTurn’s expenses in the amount of $70,818.40 are approved for
reimbursement.
4. Archer’s fees in the amount of $337,244.40 for services rendered during the
Application Period are approved.
5. The sum of $101,173.32 (30%) of the approved fees shall be held back until
further order of the Court.
6. Archer’s expenses in the amount of $409.33 are approved for reimbursement.
Dated this 27th day of January, 2026.
Douglas L. Rayes
Senior United States District Judge
Case 2:23-cv-02470-DLR Document 475 Filed 01/28/26 Page 2 of 2