Stanford insurance arguments thrashed out in appeal court
In another eventful month of legal fall-out from Stanford Financial Group's (SFG) alleged $7bn+ Ponzi scheme, a US appeal court has heard arguments from Lloyd's and London market D&O insurers seeking to overturn a first instance injunction compelling them to fund the defence of SFG executives.
There is no cheque in the post yet for lawyers representing Allen Stanford and three other former SFG executives accused of orchestrating the multi-billion dollar fraud - and they also presented their arguments to...
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