Stanford Victims Push For Streamlined Claims Process

Law360, New York (April 26, 2012, 10:59 PM EDT) -- A group of investors in R. Allen Stanford's $7 billion Ponzi scheme asked a Texas federal court on Thursday to force the court-appointed receiver and the liquidators in Antigua to agree on a single process to administer claims on the Stanford entities' assets.

In a motion filed in the U.S. Securities and Exchange Commission's suit against Antigua-based Stanford International Bank Ltd., the investors urge the court to gather U.S. receiver Ralph Janvey and the Antiguan liquidators in a meeting with the investors' committee aimed at agreeing...
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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

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