Receiver and Official Stanford Investors Committee Announce Settlement with Proskauer Rose LLP

On August 24, 2018, the Receiver, the Official Stanford Investors Committee (“OSIC”) and certain individual Investor Plaintiffs filed a Motion seeking Court approval of a settlement entered into with Proskauer Rose, LLP (“Proskauer”). Pursuant to the terms of the settlement, the Receivership Estate will receive $63 million. On September 11, 2018, the Court entered a Scheduling Order setting a hearing on the Motion to Approve the Proskauer Settlement and establishing a schedule for the submission of objections.

The Court has set a hearing on the Motion to Approve the Proskauer Settlement at 10:00 a.m. on Friday, December 14, 2018. Any party wishing to file an objection to the Proskauer Settlement must do so no later than Friday, November 23, 2018.

You may access the materials pertaining to the Proskauer Settlement by clicking Here:

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum https://www.tapatalk.com/groups/sivg/ 

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Leroy King detained for extradition today

The police have arrested the local fraud accused in the Stanford Ponzi scheme, Leroy King, as the extradition process continues to drag on.

Lawmen picked up the former chief of the Financial Services Regulatory Commission earlier today “for extradition purposes”, according to police sources.

His lawyer, Dr. David Dorsett, confirmed this moments ago.

He also told OBSERVER media that he filed an appeal to the recent case that King lost in the Court of Appeal, and he ought not to removed with a case pending.

To view the full Article, click here

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum https://www.tapatalk.com/groups/sivg/ 

Receiver Files Motion for Approval of 5th Interim Distribution Plan

On September 18, 2018, the Receiver filed a Motion for Approval of 5th Interim Distribution Plan.

To view a copy of the motion, click here

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum https://www.tapatalk.com/groups/sivg/



Receiver files Additional Schedules of Payments to Be Made Pursuant to the 1st, 2nd, 3rd, and 4th Interim Distribution Plans

On August 29, 2018, the Receiver filed with the United States District Court for the Northern District of Texas, Dallas Division, the 18th Schedule of distribution payments under the 1st Interim Distribution Plan, the 9th Schedule of distribution payments under the 2nd Interim Distribution Plan, the 5th Schedule of distribution payments under the 3rd Interim Distribution Plan, and the 3rd Schedule of distribution payments under the 4th Interim Distribution Plan. These four Schedules will be followed by others, each of which will be submitted by the Receiver on a rolling basis. To view a copy of these four Schedules,

please click here.

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum https://www.tapatalk.com/groups/sivg/



Seventeenth Joint Advisory regarding Pending Motions

On May 18, 2018, the Receiver and the Examiner filed their seventeenth advisory to the Court regarding fully briefed motions ripe for ruling.

To view the advisory, please click here.

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum https://www.tapatalk.com/groups/sivg/