High Court Nixes Stanford Ponzi Victims’ Arbitration Row

Law360, New York (October 12, 2011, 6:29 PM EDT) -- The U.S. Supreme Court on Tuesday declined to hear an appeal brought by investors seeking to pursue arbitration against four brokers who sold them certificates of deposit issued by Robert Allen Stanford's Ponzi scheme without going through the court-supervised claims process.

The high court denied a petition for certiorari filed in August brought by investors seeking to appeal a Fifth Circuit ruling that they must go through the court-supervised claims process rather than pursue arbitration.

“I thought that given the dynamics of the Stanford receivership and...
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