Stanford Receiver Looks To Sell Sinking Investments

Law360, New York (November 17, 2009, 3:55 PM EST) -- Scrambling to salvage funds for victims of Robert Allen Stanford’s alleged Ponzi scheme, the receiver for the Stanford estate is looking to finalize the $1.8 million sale of Senesco Technologies Inc. stock once valued at $8 million.

On Monday, receiver Ralph S. Janvey asked Judge David C. Godbey of the U.S. District Court for the Northern District of Texas to sign off on the liquidation of the Senesco investments, claiming that the estate is unlikely to ever recover more cash for the stock than the biotechnology...
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