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COViSAL email to Janvey & attorneys -Time is of the Essence: Release Stanford Settlement Funds to Suffering Victims Now

Time is of the Essence: Release Stanford Settlement Funds to Suffering Victims Now From: Jaime R. Escalona < jaenrodes@gmail.com > Sent: Tuesday, February 6, 2024 12:10 AM To: Ralph Janvey < rjanvey@kjllp.com > Cc: Kevin.sadler@bakerbotts.com ; John Little < john@johnjlittlelaw.com >; Morgenstern, Peter < morgenstern@butzel.com >; Ed Snyder < esnyder@casnlaw.com > Subject : Time is of the Essence: Release Stanford Settlement Funds to Suffering Victims Now Dear Mr. Janvey, Thousands of families continue to grapple with financial and medical hardship due to Stanford's fraud. While the recent $100 million settlement from Trustmark offers a glimmer of hope, the proposed 25% attorney fee award leaves a mere $75 million for distribution. We urge you to prioritize victim relief by expediting the release of these funds without further delay . The mentioned distribution schedule, requiring court approval, presents a hurdle. We implore the Court to swiftly grant...

Agreement reached in principle - US Receiver, JLs & Examiner

FOR IMMEDIATE RELEASE Joint Statement of the U.S. Receiver (Ralph Janvey), the Joint Liquidators  (Marcus Wide and Hugh Dickson), and the U.S. Examiner (John Little) Agreement reached in principle ANTIGUA-December 5, 2012 -- After extensive negotiations, and with the input of United States DOJ and SEC representatives, the U.S. Receiver (Ralph Janvey), the Joint Liquidators (Marcus Wide and Hugh Dickson), and the U.S. Examiner (John Little) have reached an agreement, in principle, that, if finalized and approved by the relevant authorities, would result in (a) coordination between the U.S. Receiver and the Joint Liquidators concerning their respective claim processes, (b) increased sharing of information, (c) cooperation with respect to the asset recovery and some of the other litigation efforts, (d) a resolution of pending disputes concerning funds now frozen in the United Kingdom, Canada and Switzerland, and (e) a release of funds for distribution to Stanford's inves...