Ex-Stanford Money Gurus Fight Janvey Clawback Claims

Law360, New York (April 25, 2011, 2:34 PM EDT) -- Financial advisers who worked for a broker-dealer unit of alleged Ponzi schemer Robert Allen Stanford's defunct bank asked a Texas federal judge on Thursday to preserve their ability to arbitrate claims against them in a $545 million clawback suit.

Former Stanford Group Co. financial adviser Alan Brookshire and a group of his former colleagues, defendants in liquidating trustee Ralph S. Janvey's recovery action pending before U.S. District Judge David C. Godbey, want Godbey to reconsider his order that clawback claims against them are not subject to...
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