EIGHTH REPORT OF THE JOINT LIQUIDATORS OF STANFORD INTERNATIONAL BANK (IN LIQUIDATION)

To view the Eighth Report of the Joint Liquidators of Stanford International Bank (In Liquidation, click Here.

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum http://sivg.org.ag/



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AMENDED CLAIM FILED against Toronto Dominion Bank

The plaintiffs claim from the defendant, The Toronto-Dominion Bank (“TD Bank”):

 

(a) damages in the Canadian dollar amount equivalent to US$5.5 billion and further amounts to be determined prior to trial;

(b) an accounting and disgorgement of profits in amounts to be determined prior to trial;

(c) prejudgment and post-judgment interest on the foregoing amounts pursuant to the Court of Justice Act;

(d) costs of this action on a substantial indemnity basis plus H.S.T.; and (e) such further and other relief as this Honourable Court may deem just.

To view the full lawsuit filed by Grant Thornton against Toronto Dominion Bank on April 11th 2014 click here

For a full and open debate on the Stanford Receivership visit the Stanford International Victims Group – SIVG official forum http://sivg.org.ag/

Open Letter from COViSAL to JLs & Antigua Court Objecting to Letter of “Preference” Payments & “Proposal

COALICION VICTIMAS DE STANFORD AMERICA LATINA (COViSAL)

 

May 12, 2014

Open Letter from COViSAL to the Joint Liquidators and the High Court of Justice of Antigua and Barbuda objecting to letter of “Preference” Payments and “Proposal”

The Joint Liquidators Proposal to Stanford’s victims: Pittance, intimidation, or both?

On February 17, 2014, COViSAL denounced the Joint Liquidators’ actions to claw back funds from innocent victims by sending a very damaging letter asking for the return of money withdrawn from their accounts during the six months prior to the collapse of the Stanford International Bank Limited (“SIBL”). They demanded a response within 120 days of receipt of the letter. COViSAL’s response can be read at http://www.scribd.com/doc/223742781/Correspondence-from-COVISAL-February-17th-2014-English

The Joint Liquidators of SIBL, Marcus Wide and Hugh Dickson of Grant Thornton, then sent another letter dated April 9, 2014 to a select group of innocent Stanford victims with a proposal titled: Stanford International Bank Limited in Liquidation – Proposal re Preference Claims and Distribution Process.

The letter states that innocent victims received “preference” payments under the Joint Liquidators interpretation of the International Business Corporation Act (“IBCA”) of Antigua. We have reason to believe that their attempts to recover the alleged “preferential” payments are flawed under Section 204 of the IBCA.

Continued…………………….

To read the full transcript click here.

For a full and open debate on the Stanford Receivership visit the Stanford International Victims Group – SIVG official forum http://sivg.org.ag/

Court Hearing on Preference Payments Next Week

Next week there will be a court hearing at which time the Court will be challenging Grant Thornton’s view on preferred payments. So that the issue is properly put to the Court it is important that anyone who wants to make a specific objection does so in the manner set out in the preference letter as these will all be presented to the court by opposing counsel on your behalf. Once Grant Thornton have clear instructions from the Court they will post it on their website.

It is imperative that we get as many objections as possible before the courts and make our voices heard. Anyone who has received a preference letter from Grant Thornton needs to send an email to make sure we have as many objections before the courts as possible. Please get writing.

To join the debate click here.

For a full and open debate on the Stanford Receivership visit the Stanford International Victims Group – SIVG official forum http://sivg.org.ag/

 

Grant Thornton File U.S. $ 5.5 Billion Lawsuit against Toronto Dominion Bank

Last week Grant Thornton filed a US $5.5 Billion claim against Toronto Dominion Bank.

We will post the filing as soon as we obtain a copy.

 

To join the debate click here.

For a full and open debate on the Stanford Receivership visit the Stanford International Victims Group – SIVG official forum http://sivg.org.ag/