Investors swindled by convicted financier R. Allen Stanford may receive an interim distribution payment worth a penny on the dollar of their losses, Stanford’s U.S. receiver said in a court filing.
Ralph Janvey, the court-appointed receiver, asked a judge’s permission to pay more than 17,000 investors an initial distribution of $55 million, according to a filing Friday in federal court in Dallas.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
