Stanford Investors Appeal Interest Freeze On Assets

Law360, New York (August 12, 2009, 9:26 PM EDT) -- Investors who bought allegedly fraudulent certificates of deposit from Texas billionaire Robert Allen Stanford have appealed a district court's order freezing interest paid to their accounts at the request of the receiver charged with distributing Stanford's estate.

Two groups of investors, which have been targeted by receiver Robert S. Janvey in a clawback action seeking to seize profits they made investing with Stanford, filed notices of appeal in the U.S. District Court for the Northern District of Texas on Wednesday. Their appeal will go to the...
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