Stanford Receiver Inks Settlements With Investors

Law360, New York (June 11, 2010, 5:36 PM EDT) -- The court-appointed receiver working to recover funds Stanford International Bank Ltd. allegedly stole from investors in an $8 billion Ponzi scheme has reached several settlements with investors and former employees of bank affiliates.

Receiver Ralph Janvey asked a judge in the U.S. District Court for the Northern District of Texas on Thursday to dismiss eight defendants from suits lodged to recover money from Robert Allen Stanford's scheme.

The details of the settlements were not included in court documents, but Kevin Sadler, a partner at Baker Botts...
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