Ex-Stanford Employees Must Face Receiver's Suit

Law360, New York (September 6, 2011, 8:44 PM EDT) -- A Texas federal judge on Tuesday denied requests by former employees of Robert Allen Stanford to toss a suit brought by Stanford's receiver seeking to recover funds related to an alleged $7 billion Ponzi scheme.

U.S. District Judge David C. Godbey denied 12 motions to dismiss the suit, rejecting arguments from Stanford's ex-employees that receiver Ralph S. Janvey lacked standing to bring his claims of unjust enrichment and that the court did not have jurisdiction over the claims.

"The receiver's [Texas Uniform Fraudulent Transfer Act] claim...
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Case Information

Case Title

Janvey v. Alguire et al

Case Number



Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange


David C Godbey

Date Filed

April 20, 2009

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