SIVG – Stanford International Victims Group https://www.tapatalk.com/groups/sivg/ dedicated to fighting for the recovery of the Billions of Dollars belonging to the thousands of International Investors who are affected by the alleged fraud of Stanford Financial Group and Stanford International Bank in Antigua
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:
One Proskauer Rose has settled with investors, an investor committee, and the court-appointed receiver in the Stanford Financial Ponzi scheme for US$63m. The firm, which was fighting the claims for nine years, did not admit to any wrongdoing or liability.
A former Proskauer Rose partner, Thomas Sjoblom, represented companies of R. Allen Stanford. He was accused of helping delay a US Securities and Exchange Commission investigation into the financier, according to the American Bar Journal.
Legacy Chadbourne & Parke, where Sjoblom had also worked, settled claims connected to the Ponzi scheme in 2016 for US$35m.
NEW ORLEANS – Texas investors who for years have accused Proskauer Rose LLP of nurturing the $7.2 billion Robert Allen Stanford Ponzi scheme, appealed their case five days after it was dismissed by a federal judge who said the firm was entitled to attorney immunity.
Lead plaintiffs Sandra Dorrell and Philip Wilkinson filed their appeal Nov. 7 in the U.S. 5th Circuit Court of Appeals in New Orleans.
The appeal followed quickly on the heels of the case’s dismissal the previous Thursday, Nov. 2, in the Dallas Division of the Northern District of Texas, which rejected plaintiffs’ arguments that attorney immunity should not apply in their case against Proskauer Rose.