Petition No. 10 - PMI Group, Inc.
Petition No. 10 - PMI Group, Inc.
Petition No. 10 - PMI Group, Inc.
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HENNELLY & STEADMAN, PLC322 West RooseveltPhoenix, Arizona 85003(602) 230-7000123456789<strong>10</strong>1112131415161718192021Hennelly & Steadman, PLCJoseph M. Hennelly, Jr. (<strong>No</strong>. 006884)Goldsworthy House322 W. RooseveltPhoenix, AZ 85003(602) 230-7000jmh@hslaw-az.comAttorneys for the Receiver of <strong>PMI</strong> Mortgage Insurance Co.IN THE SUPERIOR COURT OF THE STATE OF ARIZONAIn re the Matter of Rehabilitation of:<strong>PMI</strong> MORTGAGE INSURANCE CO., anArizona Corporation.IN AND FOR THE COUNTY OF MARICOPACase <strong>No</strong>.: CV2011-018944PETITION NO. <strong>10</strong>PETITION FOR ORDER APPROVINGFEES AND COSTS FOR THE SPECIALDEPUTY RECEIVER, HENNELLY &STEADMAN, PLC AND VAN COTT &TALAMANTE, PLLC(Assigned to the Hon. Richard Gama)Germaine L. Marks, Acting Director of the Arizona Department of Insurance in hercapacity as Receiver (hereinafter “Receiver”) of <strong>PMI</strong> Mortgage Insurance Co. (“MIC”)hereby petitions the Court as follows:1. On March 14, 2012, this Court entered its Order placing MIC into aReceivership and “Order Re <strong>Petition</strong> <strong>No</strong>. 1” which approved the Engagement Agreement ofTruitte D. Todd as Special Deputy Receiver of MIC and Tharp and Associates to providereceivership services to the Receiver. This Order also approved the Engagement Agreementof the law firm of Hennelly & Steadman, PLC to provide legal services to the Receiver.1
HENNELLY & STEADMAN, PLC322 West RooseveltPhoenix, Arizona 85003(602) 230-7000123456789<strong>10</strong>11121314151617181920212. Tharp & Associates, <strong>Inc</strong>. has submitted an itemized statement for servicesrendered related to MIC by members of Tharp & Associates and for reimbursable costsincurred in connection with those services pursuant to the orders referenced above for thetime period of March 14, 2012 through April 2012. The statements have been approved bythe Deputy Receiver of the Arizona Department of Insurance and the total amounts billedfor this period by Tharp & Associates, <strong>Inc</strong>. under these statements is One Hundred Twenty-Eight Thousand, Eight Hundred Eleven and 91/<strong>10</strong>0 ($128,811.91) dollars.3. Hennelly & Steadman, PLC has submitted itemized statements for servicesrendered related to MIC by members of Hennelly & Steadman, PLC, and for reimbursablecosts incurred in connection with those services pursuant to the orders referenced above forthe time period of March 14, 2012 through April 2012. The statements for this period havebeen approved by the Deputy Receiver of the Arizona Department of Insurance and by theSpecial Deputy Receiver for MIC. The total amounts billed by Hennelly & Steadman, PLCfor this time frame as reflected on the statements is Eighty-Eight Thousand, Seven HundredTwenty-Four and 11/<strong>10</strong>0 ($88,724.11) dollars.4. Van Cott & Talamante, PLLC has submitted itemized statements for servicesrendered related to MIC by members of Van Cott & Talamante, PLLC, and for reimbursablecosts incurred in connection with those services pursuant to the orders referenced above forthe time period of March 14, 2012 through April 2012. The statements for this period havebeen approved by the Deputy Receiver of the Arizona Department of Insurance and by theSpecial Deputy Receiver for MIC. The total amounts billed by Van Cott & Talamante,2
HENNELLY & STEADMAN, PLC322 West RooseveltPhoenix, Arizona 85003(602) 230-7000123456789<strong>10</strong>1112131415161718192021PLLC for this time frame as reflected on the statements is Fourteen Thousand, TwoHundred Twenty-Nine and 53/<strong>10</strong>0 ($14,229.53) dollars.5. Order Re <strong>Petition</strong> <strong>No</strong>. 1 entered by the Court on April 13, 2012, provides inpertinent part:...The Receiver may file pay petitions without including as exhibits the itemizedstatements of services rendered to, and costs incurred or expended on behalf of,the Receivership, provided such itemized statements are first submitted to andapproved by the Deputy Receiver or Deputy Director, and either of the Co-Special Deputy Receivers (except for the Special Deputy Receiver statements),and provided further, that the pay petition includes a statement that anyonedesiring additional information concerning the services and costs to be paid underthe pay petition may obtain redacted versions of such information from theSpecial Deputy Receiver by delivering to the Special Deputy Receiver and theReceiver's counsel, Hennelly & Steadman, PLC, a written request specifying theadditional information requested at least three days prior to the date set forhearing on the pay petition. Upon request of the Court, the Receiver shall makeavailable for in camera review by the Court, the itemized statements andsupporting documentation for the services and costs to be paid under the paypetition.The billings for Tharp & Associates, <strong>Inc</strong>., Hennelly & Steadman, PLC and Van Cott &Talamante, PLLC are submitted in camera to the Court contemporaneously with the filingof this <strong>Petition</strong>.6. Any person who seeks additional information related to the billing at issue inthis <strong>Petition</strong> may obtain it by complying with the requirements set forth in the precedingparagraph.WHEREFORE the Receiver requests that the Court enter an Order authorizing theSpecial Deputy Receiver to pay forthwith from Receivership funds as follows:3
HENNELLY & STEADMAN, PLC322 West RooseveltPhoenix, Arizona 85003(602) 230-7000123456789<strong>10</strong>11121314151617181920211. The amount of One Hundred Twenty-Eight Thousand, Eight Hundred Elevenand 91/<strong>10</strong>0 ($128, 811.91) dollars to Tharp and Associates, <strong>Inc</strong>., for services rendered andcosts incurred for the period of March 14, 2012 through April 2012.2. The amount of Eighty-eight Thousand, Seven Hundred Twenty-Four and11/<strong>10</strong>0 ($88,724.11) dollars to Hennelly & Steadman, PLC, for services rendered and costsincurred for the period of March 14, 2012 through April 2012.3. The amount of Fourteen Thousand, Two Hundred Twenty-Nine and 53/<strong>10</strong>0($14,229.53) dollars to Van Cott & Talamante, PLLC, for services rendered and costsincurred for the period of March 14, 2012 through April 2012.RESPECTFULLY SUBMITTED this 20 th day of August 2012.Original filed electronically this20 th day of August 2012.Copy of the foregoing viae-filing system to:Honorable J. Richard GamaMaricopa County Superior CourtCopy of the foregoing emailedthis 20 th day of August 2012 to:The attached Master Mailing List/s/ Carol CallahanHENNELLY & STEADMAN, PLC/s/ Joseph M. Hennelly, Jr.Joseph M. Hennelly, Jr.Attorneys for Receiver4
IN RE: <strong>PMI</strong> MORTGAGE INSURANCE CO.CV2011-018944MASTER SERVICE LISTAs of June 22, 2012Honorable J. Richard GamaSUPERIOR COURT JUDGEMaricopa County Superior Court<strong>10</strong>1 W. Jefferson, CCB #701Phoenix, AZ 85003Leslie R. Hess, Deputy ReceiverArizona Department of Insurance29<strong>10</strong> N. 44th Street, Suite 2<strong>10</strong>Phoenix, AZ 85018-7256lhess@azinsurance.govTruitte D. ToddSpecial Deputy Receivers<strong>PMI</strong> Mortgage Insurance Co.300 W. Osborn, Fifth FloorPhoenix, AZ 85013ttodd@tharpassociates.comJoseph M. Hennelly, Jr.Hennelly & Steadman, PLCGoldsworthy House322 W. RooseveltPhoenix, AZ 85003staff@hslaw-az.comLynette EvansAssistant Attorney GeneralOffice of the Attorney General1275 West Washington StreetPhoenix, AZ 85007-2926consumer@azag.govAttorneys for Arizona Department ofInsuranceJoyce Van CottVan Cott & Talamante, PLLC2025 N. 3 rd Street, Suite 260Phoenix, AZ 85044vctlaw@vancotttalamante.comWilliam J. MaledonMaureen BeyersOsborn Maledon PA2929 N. Central Ave., 21 st FloorPhoenix, AZ 85012-2793wmaledon@omlaw.commbeyers@omlaw.comAttorneys for Intervenor The <strong>PMI</strong> <strong>Group</strong>,<strong>Inc</strong>.S. David ChildersJoseph W. KruchekTasha Cycholl SmithKutak Rock LLP8601 N. Scottsdale Road, Suite 300Scottsdale, Arizona 85253-2742David.Childers@KutakRock.comJoseph.Kruchek@KutakRock.comTasha.Smith@KutakRock.comAttorneys for Federal Home LoanMortgage Corporation (Freddie Mac)Gregory Y. HarrisLewis and Roca, LLP40 N. Central Avenue, Suite 1900Phoenix, AZ 85004Gharris@LRLaw.comAttorneys for CMFG Life InsuranceCompanyDavid M. SchleckerReed Smith LLP599 Lexington Ave.New York, NY <strong>10</strong>022dschlecker@reedsmith.comAttorneys for Federal National MortgageAssociation (Fannie Mae)Jon G. FurlowVP, Associate General CounselCUNA Mutual <strong>Group</strong>59<strong>10</strong> Mineral Point RoadMadison, WI 53705Jon.Furlow@cunamutual.com
Craig T. FessendenOffice of Chief CounselPBGC1200 K Street, NWWashington, DC 20005Fessenden.Craig@pbgc.govAttorney for PBGCMarcia D. AlazrakiManatt, Phelps & Phillips, LLP7 Times SquareNew York, NY <strong>10</strong>036malazraki@manatt.comAttorneys for Federal Home Loan MortgageCorporation (Freddie Mac)James M. PaciousAssociate General CounselFannieMae3900 Wisconsin Avenue, NWWashington, DC 20016-2892james_m_pacious@fanniemae.comAttorneys for Federal National MortgageAssociation (Fannie Mae)Brian J. SchulmanGreenberg Traurig, LLP2375 E. Camelback Road #700Phoenix, AZ 85016schulmanb@gtlaw.comAttorneys for JP Morgan ChaseIN RE: <strong>PMI</strong> MORTGAGE INSURANCE CO.CV2011-018944MASTER SERVICE LISTAs of June 22, 2012
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