Law360, New York (May 07, 2012, 7:14 PM ET) -- A Texas federal judge on Friday approved a process to administer claims on R. Allen Stanford's companies' assets, marking an important step in the road to getting money to investors swindled in Stanford's $7 billion Ponzi scheme.
In an order filed in the U.S. Securities and Exchange Commission's suit against Antigua-based Stanford International Bank Ltd., U.S. District Judge David C. Godbey signed off on Stanford receiver Ralph Janvey's proposed claims process, which sets a deadline of Sept. 1 for entities to file claims against the Stanford...
Stanford Receiver’s Claims Process Wins Court Approval
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