Stanford Receiver Asks 5th Circuit To Uphold Clawback Reward Against Investor

Mealey's (November 22, 2021, 1:35 PM EST) -- NEW ORLEANS — A Fifth Circuit U.S. Court of Appeals panel should affirm a federal district court’s judgment granting a court-appointed receiver’s request for prejudgment interest and costs in a clawback lawsuit stemming from R. Allen Stanford’s massive Ponzi scheme because investors failed to offer any sufficient basis showing that denial of prejudgment interest, costs or attorney fees was warranted, the receiver argues in a Nov. 19 appellee brief....