Investors' Motion To Intervene In SEC's Suit Against Stanford Denied

HOUSTON - A group of investors seeking to intervene in the Securities and Exchange Commission's lawsuit against alleged Ponzi scheme mastermind R. Allen Stanford for violations of federal securities laws has failed to show that the SEC is not an adequate representative, a federal judge in Texas ruled Nov. 14 in denying the motion (Securities and Exchange Commission v. Stanford International Bank Ltd., et al., No. 09-0298, N.D. Texas; See June 2011, Page 14). View today's headlines and listen to the latest podcast at www.lexisnexis.com/legalnews Do you have news to share? Interested in writing a commentary article? Email the Mealey News Desk at Mealeys@LexisNexis.com Full story on lexis.com