TD, Other Banks Reach $1.35B Settlements to End Stanford Litigation February 27, 2023 By Jonathan Stempel Three banks agreed to pay $1.35 billion to resolve litigation by former Allen Stanford investors who accused them of contributing...
Stanford Ponzi Scheme Recovery Tops $1 Billion With Help From Insurers September 21, 2021 By Jonathan Stempel A court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford’s Ponzi scheme, the largest...
Court Relieves Insurers of $65 Million Payment Linked to Stanford Ponzi Scheme June 18, 2019 By Jonathan Stempel A federal appeals court on Monday threw out a settlement requiring insurers to pay $65 million to a court-appointed receiver...
Willis to Pay $120 Million to Settle Claims Over Stanford Ponzi Scheme Role September 9, 2016 By Jonathan Stempel The insurance brokerage Willis Towers Watson Plc has agreed to pay $120 million to settle litigation accusing it of helping...
Court Finds Law Firms Not Liable in Financier Stanford’s Ponzi Scheme March 22, 2016 Two big New York law firms that represented the now-imprisoned financier Allen Stanford persuaded a federal appeals court on Thursday...
Stanford Scheme Victims Not Eligible for Securities Coverage: Court July 18, 2014 By Sarah Lynch A U.S. appeals court dealt a blow to the victims of Allen Stanford’s Ponzi scheme on Friday, ruling that they...
Supreme Court Allows Stanford Fraud Suits by Investors; Willis Among Defendants February 27, 2014 By Greg Stohr Victims of R. Allen Stanford’s $7 billion Ponzi scheme can sue outside companies, including insurance broker Willis and law firms,...
SEC Battles Industry Fund over Stanford Victims’ Claims October 17, 2013 By Sarah N. Lynch U.S. regulators sought to overturn a 2012 court ruling that prohibited victims of Allen Stanford’s $7 billion Ponzi scheme from...
Supreme Court to Hear Stanford Ponzi Lawsuits, Workplace Bias Case January 21, 2013 By Jonathan Stempel The U.S. Supreme Court last Friday agreed to hear four new cases, addressing matters as diverse as the reach of...
Judge Lets Claim Against U.S. Over Stanford Ponzi Scheme Go Ahead September 10, 2012 By Andrew G. Simpson A lawsuit claiming U.S. securities regulators were negligent in failing to respond earlier to Allen Stanford’s $7 billion Ponzi scheme...