SEC, et al v. Stanford International Bank, et al

  1. October 23, 2019

    5th Circ. Won't Rehear Nix Of $65M Stanford Ponzi Deal

    The full Fifth Circuit on Wednesday declined to rehear an insurance dispute involving R. Allen Stanford's $7 billion Ponzi scheme, shooting down Lloyd's of London and a receiver who looked to challenge the panel's June order sinking a $65 million settlement.

  2. August 01, 2019

    5th Circ. Wrong To Nix $65M Stanford Ponzi Deal, Lloyd's Says

    Lloyd's of London and a receiver in an insurance dispute involving R. Allen Stanford's $7 billion Ponzi scheme on Wednesday said a Fifth Circuit panel's order sinking a $65 million settlement contradicts a more recent ruling by the same court, asking the entire Fifth Circuit to hear the case.

  3. June 17, 2019

    5th Circ. Sinks $65M Stanford Insurance Scam Deal

    The Fifth Circuit on Monday vacated a $65 million deal ending claims that Lloyd's of London and other underwriters should cover losses from R. Allen Stanford's $7 billion Ponzi scheme, taking issue with a provision that barred future claims against the underwriters.

  4. January 03, 2018

    Stanford Workers Tell 5th Circ. Underwriters Were Let Off Easy

    A group of 36 former employees of Stanford Group Cos. on Tuesday asked the Fifth Circuit to intervene in litigation over R. Allen Stanford's $7 billion Ponzi scheme, arguing a lower court wrongly allowed underwriters to walk away with $36 million of unpaid coverage without providing them any compensation or benefit.