8th Circ. Limits Standing For Stock Forfeiture Protests

Law360, New York (April 2, 2012, 7:08 PM EDT) -- A stock purchaser who does not take a security interest in the stock is a general creditor to the seller and lacks standing to challenge the forfeiture of the stock in a criminal case, the Eighth Circuit said Monday in a precedential opinion.

The ruling by a three-judge panel denied a claim for forfeited assets by the ex-wife of Robert White, who was sentenced to five years in prison in September 2010 for forging documents as part of the $3.7 billion Ponzi scheme run by former...
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