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Thursday, April 18, 2024 | Back issues
Courthouse News Service Courthouse News Service

Stanford Ponzi

The Fifth Circuit vacated an SEC settlement requiring insurers to pay $65 million to the receiver for Stanford International Bank and related entities, as it could “dispossess claimants of their legal rights to share in receivership assets.”

NEW ORLEANS — The Fifth Circuit vacated an SEC settlement requiring insurers to pay $65 million to the receiver for Stanford International Bank and related entities, as it could “dispossess claimants of their legal rights to share in receivership assets.”

Categories / Appeals, Securities

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