Gagosian Gallery Makes Play For $3M Stanford Bullion

Law360, New York (March 1, 2010, 6:35 PM EST) -- With $3 million of gold for an exhibition caught up in Stanford International Bank Ltd.'s alleged Ponzi scheme, the Gagosian Gallery Inc. has gotten permission to pursue its own lawsuit over the bullion, gaining ground against the receiver's claims that the gold belongs to the Stanford estate.

Judge David C. Godbey cleared the way Friday for the gallery to pursue its lawsuit over 101 gold bars it acquired for exhibition from Stanford Coins & Bullion Inc., days before federal regulators accused infamous financier Robert Allen Stanford...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.