Toronto-Dominion Bank, HSBC and Independent Bank (formerly Bank of Houston), have agreed...
In this Aug. 24, 2010 photo, R. Allen Stanford arrives in custody at the federal courthouse for a hearing in Houston.Three banks — Toronto-Dominion Bank, HSBC and Independent Bank — have agreed to pay $1.34 billion to Ponzi-scheme victims of Houston financier R. Allen Stanford and his investment firm.scheduled to stand trial starting today in Houston federal court
Lawyers for the court-appointed receiver and the Official Stanford Investors Committee sued five banks – two banks settled earlier this year – and planned to ask a Houston jury to award between $4 billion and $10 billion. Under agreements reached over the weekend, TD Bank will pay $1.205 billion, Independent Bank will pay $100 million, and HSBC Bank will pay $40 million.
“This is an extraordinary result for the victims of the Stanford fraud,” Kevin Sadler, a partner at Baker Botts representing the receiver, said. “Given all the challenges faced by the receivership since 2009, this is nothing short of a monumental recovery.”
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
4 Russian Nationals Indicted in Running a $340 Million Crypto Ponzi SchemeOkhotnikov, Oblamska, Sergeev, and Maslakov could spend up to 20 years in prison if convicted.
続きを読む »
Stanford professor: Mass tech layoffs caused by 'social contagion'I'm a Stanford professor who's studied organizational behavior for decades. The widespread layoffs in tech are more because of copycat behavior than necessary cost-cutting.
続きを読む »
No. 8 Utah women’s hoops outlasts No. 3 Stanford for share of Pac-12 titleIn front of arguably the best basketball atmosphere the Huntsman Center has hosted this winter, a game-high 28 points from third-year sophomore Gianna Kneepkens and a slew of big-time shot-making from her teammates helped deliver an 84-78 victory.
続きを読む »
No. 8 Utah beats No. 3 Stanford to share 1st Pac-12 women's basketball titleThe No. 8 Utes notched an 84-78 victory over No. 3 Stanford on Saturday. Utah earned a share of their first regular-season Pac-12 Conference title with the win.
続きを読む »
Trio of SF Giants offseason acquisitions make their debuts in first spring home gameSean Manaea started on the mound, Michael Conforto debuted at designated hitter and Mitch Haniger lined up in left field.
続きを読む »
JPMorgan cuts mortgage jobs in Columbus, CEO Jamie Dimon says bank is 'mostly expanding'JPMorgan Chase CEO Jamie Dimon discussed his company's employment locally, as well as the Columbus economy and what lies ahead.
続きを読む »