Monthly Archives: July 2012

Order re. Chapter 15 / COMI

By U.S. District Judge David C. Godbey The Court grants the Joint Liquidators’ motion for substitution as Plaintiff nunc pro tunc to June 8, 2010 and grants in part and denies in part their request that the Court take judicial notice. The Court overrules the parties’ objections to each others’ evidence. Finally, because the Stanford […]

Motion To Intervene and To Suspend the Memorandum Opinion and Order of July, 3, 2012

By Richard R. Cheatham Pursuant to Fed. R. Civ. P. 24 Richard R. Cheatham moves to intervene in this action in order to protect his interest in the subject of the action and pursuant to Fed. R. Civ. P. 59 to suspend the Court’s Memorandum Opinion and Order of July, 3, 2012 pending reconsideration in […]

HSBC lapses left US economy exposed to exploitation by terrorists – Senate report

By Richard Blackden HSBC left America’s financial system exposed to exploitation by drug cartels and terrorist organisations due to its failure to comply with anti-money laundering laws, according to a damning US Senate report. These are two of the findings in a 340-page study from the US Senate that accuses Britain’s biggest bank of a […]

Bill Cassidy request that SEC file an appeal

By Bill Cassidy Dear Chairwoman Schapiro, I write to respectfully request that the Securities & Exchange Commission (SEC) file an appeal with the U.S. Court of Appeals, District of Columbia Circuit, seeking to overturn the July 3, 2012 ruling by U.S. District Court Judge Robert L. Wilkins in the matter of SEC v. Securities Investors […]

Government accused of negligence in suit

By Edward J. Gonzales III Seven Baton Rouge residents and firms are suing the federal government for negligence and misconduct they say caused their loss of approximately $3.5 million to the massive Ponzi scheme operated by Houston entrepreneur Robert Allen Stanford. “You can’t sue the government simply for making mistakes,” attorney Edward J. Gonzales III […]

MEMORANDUM OPINION AND ORDER, SEC v. SIPC

By U.S. District Judge ROBERT L. WILKINS The Court is truly sympathetic to the plight of the SGC clients who purchased the SIBL CDs and now find themselves searching desperately for relief. Robert Allen Stanford’s 110 year sentence may bring some measure of justice to the SGC clients, but it will not make them financially […]