Judge Raises Stanford Receiver Rate To $400 Per Hour

Law360, New York (April 6, 2012, 3:39 PM EDT) -- A Texas federal judge said Wednesday that the receiver in charge of recovering for investors in R. Allen Stanford's Ponzi scheme could raise his fees to his customary $500 hourly rate minus a 20 percent discount, over protests from investors who say they haven't yet received a penny.

U.S. District Judge David C. Godbey said receiver Ralph Janvey could bill at his customary $500-an-hour rate, minus a 20 percent discount and a 10 percent holdback, granting part of Janvey's March 9 motion that said the 2009...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities and Exchange Commission v. Stanford International Bank Ltd et al


Case Number

3:09-cv-00298

Court

Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange

Judge

David C Godbey

Date Filed

February 17, 2009

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.