Stanford Judge Puts US Receiver Ahead Of Antiguan Liquidators

Law360, New York (July 31, 2012, 9:28 PM EDT) -- A Texas federal judge ruled Monday that the U.S. receiver for Stanford International Bank has priority over Antiguan liquidators for the bank in a three-year fight for control over distribution of the estate of convicted Ponzi schemer Robert Allen Stanford.

U.S. District Judge David C. Godbey kept the heart of the case in the Northern District of Texas and asserted some measure of control over the Antiguan liquidators by recognizing the liquidation proceeding in the island country where Stanford anchored his bank, but limiting the liquidators'...
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Case Title

In re Stanford International Bank Ltd. Debtor in a Foreign Proceeding


Case Number

3:09-cv-00721

Court

Texas Northern

Nature of Suit

Other Statutes: Other Statutory Actions

Judge

David C Godbey

Date Filed

April 20, 2009

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