Panel Reverses Ruling Exempting Stanford Receiver From Arbitration Agreements

Panel Reverses Ruling Exempting Stanford Receiver From Arbitration Agreements

NEW ORLEANS - A federal district court erred in ruling that the court-appointed receiver for Stanford Group Co. and certain of its related entities is not bound by any arbitration agreements in a securities suit seeking to recoup millions of dollars in allegedly fraudulent transfers as part of R. Allen Stanford's massive Ponzi scheme, a Fifth Circuit U.S. Court of Appeals panel ruled Aug. 30 (Ralph S. Janvey v. James R. Alguire, et al., No. 11-10838, 5th Cir.; 2013 U.S. App. LEXIS 18181).

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