Stanford Judge Puts US Receiver Ahead Of Antiguan Liquidators

Law360, New York (July 31, 2012, 9:28 PM EDT) -- A Texas federal judge ruled Monday that the U.S. receiver for Stanford International Bank has priority over Antiguan liquidators for the bank in a three-year fight for control over distribution of the estate of convicted Ponzi schemer Robert Allen Stanford.

U.S. District Judge David C. Godbey kept the heart of the case in the Northern District of Texas and asserted some measure of control over the Antiguan liquidators by recognizing the liquidation proceeding in the island country where Stanford anchored his bank, but limiting the liquidators'...
To view the full article, register now.