Stanford Receiver’s Claims Process Wins Court Approval

Law360, New York (May 7, 2012, 7:14 PM EDT) -- A Texas federal judge on Friday approved a process to administer claims on R. Allen Stanford's companies' assets, marking an important step in the road to getting money to investors swindled in Stanford's $7 billion Ponzi scheme.

In an order filed in the U.S. Securities and Exchange Commission's suit against Antigua-based Stanford International Bank Ltd., U.S. District Judge David C. Godbey signed off on Stanford receiver Ralph Janvey's proposed claims process, which sets a deadline of Sept. 1 for entities to file claims against the Stanford...
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

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.