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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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Case Information

Case Title

Securities and Exchange Commission v. Stanford International Bank Ltd et al

Case Number



Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange


David C Godbey

Date Filed

February 17, 2009

Law Firms

Judge Analytics

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