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UNITED STATES BANKRUPTCY COURTDISTRICT OF MINNESOTA
In re
Petters Company, Inc., et al.,
Debtors.
(includes: Petters Group Worldwide, LLC;PC Funding, LLC;Thousand Lakes, LLC;SPF Funding, LLC;PL Ltd., Inc.;Edge One LLC;MGC Finance, Inc.;PAC Funding, LLC;Palm Beach Finance Holdings, Inc.)
Jointly Administered underCase No. 08-45257
Court File No. 08-45257
Court Files No.’s:
08-45258 (GFK)08-45326 (GFK)08-45327 (GFK)08-45328 (GFK)08-45329 (GFK)08-45330 (GFK)08-45331 (GFK)08-45371 (GFK)08-45392 (GFK)
Chapter 11 CasesJudge Gregory F. Kishel
ORDER AUTHORIZING TRUSTEE TO EMPLOY CHAPTER 11 COUNSEL(LINDQUIST & VENNUM P.L.L.P.)
Upon the Application of Douglas Kelley as Appointed Chapter 11 Trustee of the above-
captioned Debtors (the “Trustee”) to employ the law firm of Lindquist & Vennum P.L.L.P. in
these Chapter 11 cases, it appears that it is necessary for the Trustee to employ Chapter 11
counsel, it appears that the attorneys selected by the Trustee do not hold or represent an interest
adverse to the estate’s and that they are disinterested within the meaning of 11 U.S.C. § 327(a).
IT IS HEREBY ORDERED:
1. The Trustee may employ Lindquist & Vennum P.L.L.P. upon the basis set forth in
the Application, nunc pro tunc to December 24, 2008, subject to the provisions of 11 U.S.C.
§§ 328 and 330;NOTICE OF ELECTRONIC ENTRY ANDFILING ORDER OR JUDGMENTFiled and Docket Entry made on Lori Vosejpka, Clerk, By jrb, Deputy Clerk
03/18/2009
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2. Lindquist & Vennum P.L.L.P. is authorized to schedule a hearing for allowance
of its professional fees and expenses under 11 U.S.C. §§ 330 and 331 not more than once every
ninety (90) days; and
3. Lindquist & Vennum P.L.L.P. may submit monthly requests for payment to the
Trustee, with copies to the Committee of Unsecured Creditors or its counsel and to the Office of
the United States Trustee, and the Trustee is authorized to pay 80% of such fees and 100% of
costs on a monthly basis, subject to later allowance by the court as set out above.
DATED: ________________, 2009 BY THE COURT:
GREGORY F. KISHELUNITED STATES BANKRUPTCY JUDGE
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