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Stanford Receiver Can't Put Hold On Libyan Assets: 5th Circ.

By Lana Birbrair (June 13, 2012, 7:03 PM EDT) -- The Fifth Circuit found Wednesday that the Foreign Sovereign Immunities Act precluded the receiver for Stanford International Bank Ltd. from seeking an injunction to prevent two Libyan investment groups from moving $54.8 million they allegedly received from accused Ponzi schemer R. Allen Stanford's bank....

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