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Reuel Anderson, et al v. USA
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April 14, 2014
5th Circ. Won't Revive Stanford Ponzi Victims Suit Against SEC
The Fifth Circuit on Monday refused to overturn the dismissal of a class action accusing the U.S. Securities and Exchange Commission of facilitating Robert Allen Stanford's $7 billion Ponzi scheme, finding the SEC's negligence wasn't a matter of policy.
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December 03, 2013
SEC Negligence Not Protected Under FTCA, Ponzi Victims Say
Plaintiffs in a putative class action accusing the U.S. Securities and Exchange Commission of facilitating Robert Allen Stanford's $7 billion Ponzi scheme asked the Fifth Circuit on Monday to revive the case, arguing a law barring suits over federal officials' discretionary choices did not apply.