By Martin O'Sullivan (March 15, 2017, 1:43 PM EDT) -- Former employees of entities tied to the Stanford Ponzi scheme have urged the Fifth Circuit to stay its decision that the receiver for the scheme does not have to arbitrate $215 million in claims against them, saying they are appealing the ruling to the U.S. Supreme Court.
A Fifth Circuit panel in January upheld a lower court's order denying motions to compel arbitration filed by several individuals who previously worked in various capacities for Stanford Financial Group and other related companies and received salary, commissions, bonuses or later-forgiven loans. The employees on Tuesday called the ruling a "fundamental error" and said...
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