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: Securities Law Prof Blog

Fifth Circuit Holds Stanford Receiver Could Not "Clawback" Interest Payments from Innocent Investors

By Securites Lawprof

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The Fifth Circuit, in Janvey v. Adams (No. 09-10761 Nov. 13, 2009)(Download Opinion_of_Appeals_Court_from_Hearing_Regarding_Claw_Backs), recently held that the receiver for the Stanford interests, appointed to conserve, hold, manage and preserve the value of the receivership estate, had no authority to recover...

Full post as published by Securities Law Prof Blog on November 23, 2009 (boomark / email).

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