Stanford Receiver's 1st Win Sparks Hope For More Recoveries

Law360, Dallas (February 13, 2015, 8:33 PM EST) -- A jury’s verdict Friday finding a former adviser to convicted Ponzi schemer R. Allen Stanford had been unjustly enriched and should return his consulting fees is a significant victory for the receiver that indicates jurors’ sympathy for the victims, lawyers say.

Alone, the verdict against former Ambassador Peter Romero isn’t going to trigger a cavalcade of settlement offers from the more than 1,300 remaining defendants in nearly 60 fraudulent transfer suits brought by receiver Ralph Janvey. But if Janvey can rack up a series of wins in upcoming trials in federal court, defendants who have so far fought tooth and nail against returning...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!