Corporate Law
Stanford Receiver Asks Judge for Hunton & Williams Legal Files
Posted Mar 25, 2009, 11:47 am CST
By Martha Neil
A receiver for Stanford Group Co. has asked a federal judge in Dallas to order a law firm that represented an Antigua-based bank at the center of a claimed $8 billion Ponzi scheme allegedly run by Texas billionaire R. Allen Stanford to turn over related legal files.
The court-appointed receiver, Ralph Janvey, says Hunton & Williams has refused a Feb. 24 request that all original files and billing records for Stanford’s foreign businesses, including Stanford International Bank, be shipped immediately to the receiver, contending that he doesn't have jurisdiction over the Houston-based company's foreign operations, reports Bloomberg. The article relies on material in a federal court filing by Janvey yesterday.
Hunton and partner Carlos Loumiet, who is based in Miami, have provided their U.S. records for Stanford, Janvey says.
Neither the law firm nor Loumiet immediately responded to Bloomberg's requests for comment.