Mealey's Securities/D&O Liability - Panel Affirms Dismissal In Stanford Ponzi Scheme Investor Suit Against SEC

Mealey's Securities/D&O Liability - Panel Affirms Dismissal In Stanford Ponzi Scheme Investor Suit Against SEC

NEW ORLEANS - Dismissal of an investor lawsuit against the Securities and Exchange Commission was proper, a Fifth Circuit U.S. Court of Appeals panel ruled April 14, because the investors' claims fall under the discretionary function exception of the Federal Tort Claims Act (FTCA) (Reuel Anderson, et al. v. United States of America, No. 13-30897, 5th Cir.).

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