Litigation

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Financier Stanford's Lawsuit Seeks $7.2 Billion
Posted on 21 Feb 2011 by LexisNexis Litigation Resource Community Staff

HOUSTON - (AP) Jailed Texas financier R. Allen Stanford has filed a lawsuit accusing prosecutors and federal agents of depriving him of his constitutional rights by using abusive law-enforcement tactics. He is asking for $7.2 billion in damages. The lawsuit... Read More

Tags: financier , ponzi , Damages , Department of Justice , Securities and Exchange Commission , FBI , Bureau of Prisons , Stanford Financial Group , legal fees , Litigation , R. Allen Stanford , lawsuit , pyramid scheme

Judge: Money Laundering Exclusion Bars Coverage For Stanford Directors And Officers
Posted on 14 Oct 2010 by Jennifer Hans

HOUSTON -- (Mealey's) Insurers have proven that their policies' money laundering exclusion precludes coverage for directors and officers insureds' defense costs in underlying criminal and SEC litigation involving the alleged Stanford Ponzi... Read More

Tags: criminal conduct , SFG , SIBL , Stanford Financial Group Co. , Gilbert Lopez , Stanford Ponzi scheme , Stanford Capital Management , directors and officers , money laundering , U.S. Securities and Exchange Commission , Ponzi scheme , Certain Underwriters at Lloyd's of London , Laura Pendergest-Holt , Laura Pendergest-Holt v. Certain Underwriters at Lloyd's of London , Mark Kuhrt , Fraud , Stanford International Bank Ltd. , Stanford Financial Group , Stanford Financial Group Global Management , SEC , Litigation , Insurance , lawsuit , Arch Specialty Insurance Co. , Stanford Group Co. , James Davis , Robert Allen Stanford , insureds defense costs

The Week In Securities Litigation: Stanford CIO Pleads Guilty; 3 Sentenced In Insider Trading Scheme In U.K.
Posted on 27 Jun 2012 by Thomas O. Gorman

SEC Chairman Mary Schapiro appeared before Congress twice this week to testify. Before a Senate Committee she testified about mutual fund reform while before a House Committee her remarks focused on the loss at JPMorgan. SEC enforcement brought actions... Read More

Tags: Mary Schapiro , Thomas Gorman , SEC Actions , securities litigation , Stanford Financial Group , SEC , Jpmorgan , Litigation , FCPA , Securities