October 23, 2019
The full Fifth Circuit on Wednesday declined to rehear an insurance dispute involving R. Allen Stanford's $7 billion Ponzi scheme, shooting down Lloyd's of London and a receiver who looked to challenge the panel's June order sinking a $65 million settlement.
August 01, 2019
Lloyd's of London and a receiver in an insurance dispute involving R. Allen Stanford's $7 billion Ponzi scheme on Wednesday said a Fifth Circuit panel's order sinking a $65 million settlement contradicts a more recent ruling by the same court, asking the entire Fifth Circuit to hear the case.
June 17, 2019
The Fifth Circuit on Monday vacated a $65 million deal ending claims that Lloyd's of London and other underwriters should cover losses from R. Allen Stanford's $7 billion Ponzi scheme, taking issue with a provision that barred future claims against the underwriters.
January 03, 2018
A group of 36 former employees of Stanford Group Cos. on Tuesday asked the Fifth Circuit to intervene in litigation over R. Allen Stanford's $7 billion Ponzi scheme, arguing a lower court wrongly allowed underwriters to walk away with $36 million of unpaid coverage without providing them any compensation or benefit.