INITIAL DECISION RELEASE NO. 132
UNITED STATES OF AMERICA
SECURITIES AND EXCHANGE COMMISSION
In the Matter of RITA VILLA
AMENDED ORDER : October 13, 1998
APPEARANCES: Richard Humes, James A. Brigagliano, and John J. Nicholas for the Division of Enforcement, Securities and Exchange Commission
Eric Landau and Steven Aranoff for the Applicant
BEFORE: Robert G. Mahony, Administrative Law Judge
On September 23, 1998, I issued an initial decision ordering the Commission to pay Rita Villa $122,075.22 in attorneys fees, plus an additional $29,172.18 for reimbursement of costs.
The award of attorneys fees within the initial decision failed to reflect 152.75 hours of work performed by her counsel during the Division of Enforcements investigation and prior to the issuance of the Order Instituting Proceedings. The correct amount of attorneys fees, when calculated to include a cost of living adjustment for the relevant period, should reflect an additional 152.75 hours in 1993 and 1994 at $131.47 per hour, or $20,082.04.
Accordingly, the award granted Villa on September 23, 1998 is amended to include an additional $20,082.04 in attorneys fees.
The Commission shall pay Rita Villa the sum of $142,157.26 as an attorneys fee, plus an additional $29,172.18 for reimbursement of costs.
Robert G. Mahony
Administrative Law Judge