Insurers Say They Shouldn't Cover Stanford Counsel

Law360, New York (May 25, 2010, 4:43 PM EDT) -- Alleged Ponzi schemer Robert Allen Stanford's insurers have asked a federal judge to rule that they are not required to pay for Stanford's latest proposed criminal defense counsel or for his counsel in his lawsuit against the insurers themselves.

Certain Underwriters at Lloyd's of London and Arch Specialty Insurance Co. filed a brief Monday in the U.S. District Court for the Southern District of Texas, asking Judge Nancy Atlas to deny a request Stanford made in a letter Friday to force them to pay for new...
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