{"id":1188,"date":"2013-01-25T20:55:11","date_gmt":"2013-01-25T20:55:11","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/01\/us_supreme_court_to_hear_appea"},"modified":"2022-03-10T09:14:58","modified_gmt":"2022-03-10T15:14:58","slug":"us-supreme-court-to-hear-appea","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/us-supreme-court-to-hear-appea\/","title":{"rendered":"US Supreme Court to Hear Appeals of Petitioners Over Stanford Ponzi Lawsuits"},"content":{"rendered":"

\t\t\t\tOur Texas securities fraud law firm<\/a> has been bringing you the latest legal news developments in the efforts of defrauded investors to recoup their losses stemming from the $7 billion Stanford Ponzi scam. While the fate of R. Allen Stanford has already been sealed-he is serving 110 years in prison, which is essentially the rest of his life-for many of his victims how and when all of them will recover their losses still remains a big question mark.<\/p>\n

On Friday, the US Supreme Court agreed to hear three petitioners’ appeals over the sale of bogus certificates of deposits from Stanford’s Antigua bank. The requests come from insurance brokerage Willis Group Holdings Plc., which has been accused of being involved in the bogus CD sales that Stanford used to defraud his clients, and two law firms that used to represent Stanford himself. They want the court to determine whether or not under the Securities Litigation Uniform Standards Act plaintiffs can assert state-law class action claims against the petitioners. <\/p>\n

While a federal judge said in 2011 SLUSA does preempt such state law cases, the U.S. Circuit Court of Appeals for the fifth circuit later went on to revive the securities lawsuits. Now, it will be up to the nation’s highest court to make the final call.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Our Texas securities fraud law firm has been bringing you the latest legal news developments in the efforts of defrauded investors to recoup their losses stemming from the $7 billion Stanford Ponzi scam. While the fate of R. Allen Stanford has already been sealed-he is serving 110 years in prison, which is essentially the rest […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3888,3750],"tags":[],"class_list":["post-1188","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-stanford-group-co","category-texas-securities-fraud"],"yoast_head":"\nUS Supreme Court to Hear Appeals of Petitioners Over Stanford Ponzi Lawsuits — Investor Lawyers Blog — January 25, 2013<\/title>\n<meta name=\"description\" content=\"Our Texas securities fraud law firm has been bringing you the latest legal news developments in the efforts of defrauded investors to recoup their losses — January 25, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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