The attempts to recover $7 billion R. Allen Stanford took in his massive Ponzi scheme has required six years of claw-back litigation in a Dallas U.S. district court, numerous decisions by the U.S. Court of Appeals for the Fifth Circuit, and even an appeal to the U.S. Supreme Court.
And now the Texas Supreme Court is likely to weigh in on a question in the case that could determine whether several companies who unwittingly did about $40 million in business with the former Houston financier will to have to give the money back to a court-appointed receiver.
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