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Stanford Investors Seek Liquidators’ Pact on Claims Process

A group of Stanford International Bank Ltd. depositors asked a U.S. judge to order the receiver he appointed and rival bank liquidators selected by a Caribbean court to collaborate on a process to pay victims of R. Allen Stanford’s $7 billion fraud scheme. The depositors and other creditors of the Houston-based Stanford Group Co. securities firm filed their request today with U.S. District Judge David Godbey. Read Bloomberg report here.

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