Appeals court: Class-action negligence claims can proceed against Louisiana financial regulators in Stanford case

Allegations that Louisiana financial regulators’ failure to perform their duties contributed to the massive losses suffered by hundreds of Louisiana investors in the Stanford Trust Co. debacle can move forward as a class action, a state appeals court in Baton Rouge has ruled.

Phil Preis, the lead attorney for those residents, said Monday the damages sustained by those investors are some $400 million, which includes interest.

Roughly seven dozen mostly south Louisiana residents sued the state Office of Financial Institutions in 2009, essentially claiming OFI turned a blind eye to Stanford owner Robert Allen Stanford’s multibillion-dollar fraud scheme.

To view the full article, please 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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$27M In Attys’ Fees OK’d In Stanford Bank Ponzi Scheme Deal

A Texas federal judge approved nearly $27 million in attorneys’ fees on Wednesday as part of a nearly $133 million Stanford Ponzi scheme settlement that he said also merited approval despite objections.

U.S. District Judge David Godbey approved the full amount of the of $26,787,500 request for attorneys’ fees from firms, including Castillo Snyder and Strasburger & Price, that worked on the $132.5 million settlement with the so-called Willis defendants and BMB defendants over their roles in making R. Allen Stanford’s Ponzi scheme seem low-risk and…

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



Receiver’s 13th Interim Report Regarding Status of Receivership, Asset Collection and Ongoing Activities

On June 1, 2017, the Receiver filed a report with the Court that discusses the status of the Receivership, the Receivership’s asset collection efforts and ongoing activities

To view the Report, please 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/



Receiver files 1st Schedule of Payments to be Made Pursuant to the 4th Interim Distribution Plan

On June 30, 2017, the Receiver filed with the United States District Court for the Northern District of Texas, Dallas Division, the 1st Schedule of distribution payments under the 4th Interim Distribution Plan. The 1st Schedule will be followed by others, each of which will be submitted by the Receiver on a rolling basis.

To view a copy of the 1st Schedule, please 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 Approves Receiver’s 4th Interim Distribution Plan

On May 16, 2017, the Court approved the Receiver’s 4th Interim Distribution Plan. A copy of the order approving the 4th Interim Distribution.

To view the Receiver’s 4th Interim Distribution Plan, please 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/