Stanford Investor definition

Stanford Investor means customers of Stanford International Bank, Ltd., who, as of February 16, 2009, had funds on deposit at Stanford International Bank, Ltd. and/or were holding certificates of deposit issued by Stanford International Bank, Ltd.

Examples of Stanford Investor in a sentence

• The investigation further required formulation of viable damage models and causation theories for both the Receivership Estate and Stanford Investor claims.

• Underwriters contend that the Insurance Policies do not provide coverage for the Indirect Claims or the Stanford Investor Claims, and they are involved in numerous lawsuits relating to the various claims for coverage under the Policies (the “Third-Party Coverage Actions”).6 Nonetheless, pursuant to the Policies and as permitted by this Court’s prior order (Docket No. 831), Underwriters have paid approximately $30.3 million for the defense costs of various of Underwriters’ Insureds.

• Submitting a Proof of Claim Form does not guarantee that the Outstanding Claim will be allowed or that a Stanford Investor will receive any funds.

• Any Stanford Investor who has not submitted a Claim to either the Receiver or the Joint Liquidators as of the date of this Notice (“Outstanding Claim”), may seek to participate in the Distribution Plan, and potentially to participate in future distributions of funds obtained by the Receivership as a result of future litigation settlements or recoveries.

• Investigation and prosecution of the Receivership Estate and Stanford Investor claims against Chadbourne also necessarily required thousands of hours investigating and understanding the background and history of the complex web of Stanford companies, the financial transactions, interrelationship and dealings between and among the various Stanford entities, and the complex facts relating to the Ponzi scheme and how it was perpetrated through the various Stanford entities.

• Underwriters contend that the Insurance Policies do not provide coverage for the Indirect Claims or the Stanford Investor Claims, and they are involved in numerous lawsuits relating to the various claims for coverage under the Policies (the “Third-Party Coverage Actions”).7 Nonetheless, pursuant to the Policies and as permitted by this Court’s prior order (Doc.

• Regardless, the amended settlement agreement clarifies the bar orders, stating “that nothing in this Agreement or in the proposed Bar Orders isintended to prohibit, nor shall it be construed to prohibit, any Stanford Investor from pursuing any claim against any former Stanford officer, director, or employee.” Second Am. Settlement Agreement 121 (Doc.

• For the avoidance of doubt, this release specifically includes without limitation all claimsfor direct and consequential damages to SIBL, any other Stanford Entity, or any Stanford Investor arising from or relating to the opening or operation of, or any transactions occurring in SIBL accounts 58293136, 58180160, 59198105, or 67760538, including without limitation the ECB payment.

• Any Stanford Investor who has not yet submitted a Claim to the Receiver or to the Joint Liquidators and who fails to submit a Proof of Claim Form for an Outstanding Claim before the Outstanding Claim Deadline will, if the BDO Settlement is approved, be forever barred, estopped, and enjoined from asserting any claim, in any manner, against the BDO Released Parties arising from or relating to the Stanford Entities or the Stanford Receivership.

• Such a Stanford Investor will also be excluded from distributions under the Distribution Plan and any other future distributions of funds obtained by the Receivership as a result of future litigation settlements or recoveries.