Objectors Can't Undo $65M Stanford Scam Insurance Deal

Law360, New York (October 4, 2017, 3:58 PM EDT) -- A Texas federal judge on Tuesday shot down three separate motions seeking to undo a $65 million settlement between the receiver for jailed Ponzi schemer R. Allen Stanford’s companies and three insurance underwriters, saying their arguments were already addressed or had been waived.

U.S. District Judge David C. Godbey had in May approved the deal between the receiver for Stanford International Bank Ltd. along with other Stanford entities and three insurance underwriters that saw the insurance companies pay $65 million to the receiver to distribute to...
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