Antiguan Stanford Liquidators Seek OK For Ch. 15

Law360, New York (April 21, 2009, 12:00 AM EDT) -- The Antiguan court-appointed liquidators overseeing the assets of Stanford International Bank Ltd., which is implicated in founder Robert Allen Stanford's alleged $8 billion Ponzi scheme, have asked a federal court to allow them to file a Chapter 15 bankruptcy petition.

Liquidators Nigel Hamilton-Smith and Peter Wastell filed a motion on Monday in the U.S. District Court for the Northern District of Texas requesting an amendment to a court order that prohibits parties from filing petitions under the U.S. Bankruptcy Code against Stanford without prior court approval....
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