Stanford Receiver Asks High Court To Clarify Standing

Law360, Los Angeles (January 22, 2014, 11:10 PM EST) -- The court-appointed receiver for the estate of convicted fraudster Robert Allen Stanford on Wednesday urged the U.S. Supreme Court to weigh in on whether a federal receiver has standing to assert claims on behalf of the receivership's creditors, saying lower courts have long been mired in confusion over the issue.

Ralph S. Janvey, who is seeking to recover funds tied to Stanford's $7 billion Ponzi scheme, asked the high court in his petition for writ of certiorari to reverse the Fifth Circuit's August ruling asserting that...
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