We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

US Argues Investors Can't Sue SEC Over Stanford Fraud

Law360 (April 8, 2011, 9:31 PM EDT) -- Prosecutors asked a Texas federal judge Thursday to dismiss investors' allegations that they lost more than $18 million because a conflict of interest within the U.S. Securities and Exchange Commission kept it from halting Robert Allen Stanford's Ponzi scheme.

The so-called "discretionary function" exception prevents lawsuits based on federal officials' policy considerations and discretionary choices, according to a motion filed in the U.S. District Court for the Northern District of Texas by U.S. Department of Justice attorneys.

While the plaintiffs allege that the SEC should have...
To view the full article, register now.




Case Information

Case Title

Robert Juan Dartez, LLC et al v. The United States of America

Case Number



Texas Northern

Nature of Suit

Other Statutory Actions


David C Godbey

Date Filed

March 24, 2011

Law Firms

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.