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COViSAL's objection to settlement amount of $4.9 million with Adams & Reece & others

COViSAL
For Justice & Restitution
________________________________________________________________
June 29, 2015
Clerk of the Court United States District Court Northern District of Texas 1100 Commerce Street Dallas, Texas 75242
ATTN: Chambers of the Honorable David Godbey
Case No. 3:09-CV-0298-N, Case No. 3:12-CV-00495-B, &  Case No. 3:11-CV-00329-BL
We object to the settlement amount in the Civil Action No. 3:12-CV-00495-B, Ralph S. Janvery, et al. v. Adams & Reese LLP, et al. (N.D. Tex.), and Civil Action No. 3:11-CV-00329-BL, The Official Stanford Investors Committee, et al. v. Adams & Reese, et al. (N.D. Tex.) of $4.9 million, of which attorneys will receive $1.23 million dollars, and innocent families pennies.
The lawsuits were originally seeking actual damages of $1.8 billion, and the proposed settlement of $4.9 million is a quarter of 1 percent. Why are the attorneys accepting such meager amounts?

There are 75 lawsuits awaiting ruling by the Court listed in the R…

Objeción de COViSAL al monto de $4,9 millones del Acuerdo con Adams & Reece y otros

COViSAL
For Justice & Restitution
________________________________________________________________
29 de junio, 2015
Secretaria del Tribunal United States District Court Northern District of Texas 1100 Commerce Street Dallas, Texas 75242
ATN: Despacho del Honorable David Godbey
Case No. 3:09-CV-0298-N, Case No. 3:12-CV-00495-B y Case No. 3:11-CV-00329-BL
Nosotros objetamos al monto del acuerdo en la acción No. 3:12-CV-00495-B, Ralph S. Janvey, et al. v. Adams & Reese LLP, et al. (N.D. Tex.) y Civil Action No. 3:11-CV-00329-BL, The Official Stanford Investors Committee, et al. v. Adams & Reese, et al. (N.D. Tex.) por $4,9 millones de dólares, de los cuales los abogados recibirán $1,23 millones de dólares y las familias inocentes centavos.
Las demandas originales buscaban $1,8 mil millones de dólares en daños actuales y, el acuerdo propuesto de $4,9 millones es un cuarto del 1 por ciento. ¿Por qué los abogados están aceptando estos montos mezquinos?
Hay 75 demandas que esperan resoluc…

Stanford Financial Group Receivership and SIB Liquidation… Hope, punishment, or fraud?

COViSAL For Justice & Restitution ____________________________________________________

Six years and three months have passed since Stanford’s debacle destroyed the lives of 21,739 innocent families around the world when on February 17, 2009, the U.S. Securities and Exchange Commission (“SEC”) abruptly seized Stanford Financial Group in the United States.
The largest group is Latin American families with 15,270 victims representing 70% of the total depositors in the Stanford International Bank, Ltd. (“SIBL”) and more than $4 billion in losses. Depositors from the United States are the second largest group. These families entrusted their savings to a company belonging to an American conglomerate regulated and supervised by the U.S. Government.
The majority of Stanford’s depositors are modest people; many are elderly, ill, close to retirement, or families with special needs children.  All are unable to pay for their critical medical treatments and living expenses. A great number continue…