On Nov. 14, the U.S. district judge in Dallas overseeing the receivership of R. Allen Stanford’s collapsed financial empire threw out a motion by a group of disaffected investors who have been trying to intervene in the proceedings since June.
Judge David Godbey found that the investor committee he approved last winter to assist in recovery efforts adequately represents the interests of Stanford’s alleged victims. “The Receivership is unwieldy enough as it stands, and it has been slowed by a variety of factors beyond the parties’ control,” he wrote in his 14-page decision.
