Stanford Investors definition

Stanford Investors 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.

Stanford Investors means the customers of Stanford International Bank, Ltd. (“SIBL”), who, as of February 16, 2009, had funds on deposit at SIBL, and/or were holding certificates of deposit issued by SIBL.

Stanford Investors is defined on pages 4-5 of the Agreement.

Examples of Stanford Investors in a sentence

• The Committee Order confers upon the Committee the right to investigate and pursue claims on behalf of the Stanford Investors and for the Receivership Estate (by assignment from the Receiver).

• On August 10, 2010, this Court entered its order (the “Committee Order”) creating the Committee and appointing the Committee to “represent[] in [the SEC Action] and related matters” the Stanford Investors.

• Plaintiffs and their counsel spent considerable time and effort to reach a settlement that is fair and equitable to the Receivership Estate and the defrauded Stanford Investors.

• Pursuant to the Settlement Agreement and upon motion by the Receiver, this Court will approve a Distribution Plan that will fairly and reasonably distribute the net proceeds of the Settlement to Stanford Investors who have Claims approved by the Receiver.

• In order to carry out the duties delegated to him by this Court, the Receiver seeks complete and exclusive control, possession, and custody of all CD Proceeds received by the Stanford Investors.

• All Stanford Investors have been given notice of the Receivership and the claims process, and the vast majority of them have filed claims and are participating in the Receivership distribution process.

• The Stanford Investors hold CD Proceeds they obtained as a result of taking undue advantage, and such CD Proceeds in equity and good conscience belong to the Receivership for ultimate distribution to the defrauded investors.

• The Stanford Defendants, who orchestrated the Ponzi scheme, transferred the CD Proceeds to the Stanford Investors with actual intent to hinder, delay, or defraud their creditors.

• In addition, each of these Stanford Investors received more in CD Proceeds than they invested in SIBL CDs. See id.

• The Receiver is entitled to disgorgement of all CD Proceeds paid to the Stanford Investors because such payments constitute fraudulent transfers under applicable law.

More Definitions of Stanford Investors

Stanford Investors means customers of Stanford International Bank, Ltd. (“SIB”), who, as of February 16, 2009, had funds on deposit at SIB, and/or were holding certificates of deposit issued by SIB.

Stanford Investors means the individuals, entities, and/or customers who, as of February 16, 2009, had funds on deposit at Stanford International Bank, Ltd., or were holding certificates of deposit issued by Stanford International Bank, Ltd. PLEASE TAKE FURTHER NOTICE that the Settlement Amount is Sixty-Five Million US Dollars ($65,000,000.00). The Settlement Amount, less any fees and costs awarded by the Court to the attorneys for the Receiver (“Net Settlement Amount”), will be deposited with and distributed by the Receiver pursuant to a Distribution Plan hereafter to be approved by the Court in the Stanford receivership proceeding, SEC x. Xxxxxxxx Int’l Bank, Ltd., et al., (Case No. 3:09- cv-0298-N) (the “SEC Action”). This matter may affect your rights and you may wish to consult an attorney. The material terms of the Agreement are as follows:

Stanford Investors 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. 4 “Claimants” refers generally to any Persons who have submitted a Claim to the Receiver or to the Joint Liquidators.