Stinson Clawback Target Can't Sue Over Ponzi Losses Yet

Law360, New York (February 8, 2013, 4:20 PM EST) -- A man targeted in a clawback suit by the receivership estate of Ponzi schemer Robert Stinson Jr. can’t pursue his $1 million counterclaims over his alleged losses in the scheme because an existing litigation stay bars the action, a Pennsylvania federal judge ruled Wednesday.

U.S. District Judge Berle M. Schiller said that Roger Paul, a Pennsylvania businessman who allegedly received a $130,000 business loan from Stinson and knowingly participated in the scheme, can't file a claim against the estate until the stay is lifted.

“The mere...
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Case Information

Case Title

SCHWARTZMAN v. ROGUE INTERNATIONAL TALENT GROUP, INC. et al


Case Number

2:12-cv-05255

Court

Pennsylvania Eastern

Nature of Suit

Other Statutes: Securities/Commodities

Judge

BERLE M. SCHILLER

Date Filed

September 12, 2012

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