US Coverage

Law360 Authority | Deep News & Analysis

Global Coverage

Law360 Pulse | The Business of Law

Mealeys

MLex

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

Track this case

Case overview

Case Number:

3:09-cv-00298

Court:

Texas Northern

Nature of Suit:

Other Statutes: Securities/Commodities/Exchange

Judge:

David C Godbey

Firms

Companies

Government Agencies

Sectors & Industries:

  1. March 26, 2013

    Greenberg Traurig Says Stanford Deal Imperils Law Firms

    Greenberg Traurig LLP told a Texas federal court Monday that it opposed a settlement between the U.S. and Antiguan receivers in charge of compensating victims of Robert Allen Stanford's $7 billion Ponzi scheme because the deal could spark a second wave of litigation against law firms.

  2. August 10, 2012

    Trustmark Fights $2M Stanford Payment In 5th Circ.

    Trustmark National Bank on Friday appealed to the Fifth Circuit a Texas federal judge's order to cough up $2 million to the receiver for the estate of convicted Ponzi schemer Robert Allen Stanford, even as it faces fines for not turning over the money.

  3. May 07, 2012

    Stanford Receiver's Claims Process Wins Court Approval

    A Texas federal judge on Friday approved a process to administer claims on R. Allen Stanford's companies' assets, marking an important step in the road to getting money to investors swindled in Stanford's $7 billion Ponzi scheme.

  4. April 26, 2012

    Stanford Victims Push For Streamlined Claims Process

    A group of investors in R. Allen Stanford's $7 billion Ponzi scheme asked a Texas federal court on Thursday to force the court-appointed receiver and the liquidators in Antigua to agree on a single process to administer claims on the Stanford entities' assets.

  5. April 06, 2012

    Judge Raises Stanford Receiver Rate To $400 Per Hour

    A Texas federal judge said Wednesday that the receiver in charge of recovering for investors in R. Allen Stanford's Ponzi scheme could raise his fees to his customary $500 hourly rate minus a 20 percent discount, over protests from investors who say they haven't yet received a penny.

  6. December 02, 2011

    Stanford Can't Escape SEC's Fraud Suit

    A Texas federal court on Wednesday shot down Robert Allen Stanford's bid to dismiss the U.S. Securities and Exchange Commission's suit against him, finding that the agency adequately pled its case alleging he was the mastermind behind a $7 billion Ponzi scheme.

  7. November 14, 2011

    Stanford Investors Lose Bid To Intervene In Receiver's Suit

    A Texas federal judge on Monday refused to allow four purported victims of Robert Allen Stanford's alleged $7 billion Ponzi scheme to intervene in the Stanford receiver's attempts to recover money, saying their allegations against the receiver lacked merit.

  8. July 08, 2011

    Stanford Investors Attack Receiver's Clawback Efforts

    Four purported victims of Robert Allen Stanford's alleged $7 billion Ponzi scheme ripped the receiver tasked with recovering money Thursday, asking a federal judge in California for leave to intervene in the proceedings.

  9. July 07, 2011

    Stanford Defense Atty Begs Judge For Cash

    Robert Allen Stanford's attorney told a Texas federal judge on Wednesday that for his client to properly defend against a civil suit over Ponzi scheme allegations, he needs money to hire accountants who can make a case for unfreezing some assets.

  10. June 22, 2011

    Stanford Trials Delayed For Psychiatric Treatment

    A Texas federal judge on Tuesday delayed Robert Allen Stanford's criminal trial by up to four months while the alleged mastermind of a $7 billion Ponzi scheme undergoes psychiatric treatment, days after another judge postponed a related civil case.