Panel: Court Was Free To Award Prejudgment Interest In Stanford Clawback Suit

Mealey's (September 9, 2022, 1:38 PM EDT) -- NEW ORLEANS — A federal district court did not err in awarding a court-appointed receiver’s request for prejudgment interest, attorney fees and costs in a clawback lawsuit stemming from R. Allen Stanford’s massive Ponzi scheme because the court “was free to act as it did here to resolve this case,” a Fifth Circuit U.S. Court of Appeals panel ruled Sept. 7 in an unpublished opinion....