Pershing Clients Want Funds Freed In Stanford Case

Law360, New York (March 3, 2009, 12:00 AM EST) -- Two intervenors in the federal case against banker Robert Allen Stanford have filed a motion to unfreeze their Pershing LLC assets, which they say are not tied to the alleged $8 billion Ponzi scheme.

Their motion, filed Tuesday in the U.S. District Court for the Northern District of Texas, seeks to modify or dissolve a temporary order — already the target of a lawsuit — that froze assets connected to Stanford's banks.

According to a Web site set up by the court-appointed receiver in the case,...
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