The D&O Diary

The List: Stanford Group-Related Litigation

Last Updated: February 24, 2010
Table I: Federal Securities Class Action Litigation
(substantially related proceedings listed in Table IV, below)
Date

Court

Parties (Defendants/Plaintiffs)

Link

D&O Diary

2/17/09

S.D.Tex.

Stanford Group Company; Stanford

Financial Group; Stanford
International Bank Ltd; Stanford
Capital Management LLC; R. Allen
Stanford; James Davis; Laura
Pendergast-Holt; Jay Comeaux; Jason
Green/ Jerry Adams, Jerry Errington,
Ben Gomez, Michael Hicks, on behalf of
all persons who purchased securities and
CDs sold by defendant Stanford between
January 1, 2000 and February 17, 2009
{Note: These same plaintiffs filed a
substantially identical action in the
Northern District of Texas as well, refer
here}

Here

Here

Table II: State Court Actions

(duplicate or substantially related proceedings are listed in Table IV, below)

Date

Court

Parties (Defendants/Plaintiffs)

Link

D&O Diary

2/19/09

Tex.
Dist.Ct.

Stanford Group Company; Stanford

Financial Group; Stanford Capital
Management LLC; Stanford Venture
Capital Holdings, Inc.; Stanford Group
Holdings, Inc.; Stanford International
Bank, Ltd; R. Allen Stanford; James
M. Davis; Laure Pendergast-Holt/
Johan Pieter Dahl, Trustee of the Rocky
Mountain Trust

Here

Here

Copyright 2010 Kevin M. LaCroix

2/27/09

Tex.
Dist.Ct.

8/23/09

Tex. Dist.
Ct.

9/1/09

Nev. Dist.
Ct.

Stanford Group Company; Stanford

Financial Group; Stanford
International Bank, Ltd.; Stanford
Holdings, Inc.; Stanford Capital
Management; R. Allen Stanford; James
M. Davis; Laura Pendergast-Holt; Jay
Comeau; Jason Green; John M. Fry;
Louis M. Perry/ Robert Conte as Trustee
of Corporate Healthcare Management
Defined Benefit Plan
Trustmark National Bank; HSBC Bank
PLC; The Toronto-Dominion Bank; SG
Private Banking (Suisse) S.A.; Bank of
Houston/ Peggy Roif Rotstain; Guthrie
Abbott; Catherine Burnell; Steven
Queyrouze; Jaime Alexis Arroyo
Bornstein; Juan C. Olano, on behalf of all
individuals who were customers or SIBL
Bellagio LLC v. Robert Allen Stanford

Here

Here

Here

Table III: Other Proceedings

(duplicate or substantially related proceedings are listed in Table IV, below)

Date
2/17/09

Forum
N.D. Tex

2/20/09

S.D.Tex.

Parties (Defendants/Plaintiffs)
Stanford International Bank, Ltd.;
Stanford Group Company; Stanford
Capital Management LLC; R. Allen
Stanford; James M. Davis; Laura
Pendergest-Holt/Securities and
Exchange Commission
Stanford International Bank, Ltd.;
Stanford Group Company; Stanford
Capital Management LLC; R. Allen
Stanford; James M. Davis; Laura
Pendergest-Holt/James O. Kyle on
behalf of all purchasers of certificates of
deposit from Stanford International Bank
or shares in SIBs Stanford Allocation
Strategy proprietary mutual fund
program between February 19, 2004 and
February 17, 2009.
Note: On October 6, 2009, the Judicial
Panel on Multidistrict Litigation ordered

Copyright 2010 Kevin M. LaCroix

Link
Here

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D&O Diary

this action transferred to the Northern

District of Texas and consolidated with
other actions transferred there. Transfer
order here

2/22/09

M.D. La.

2/25/09

Queens
Bench
(Alberta)

3/4/2006

S.D. Tex.

3/17/09
3/27/09

Tex. Dist.
Ct.
N.D. Tex.

4/15/09

N.D.Tex

5/12/09

S.D. Tex.

5/21/09

S.D. Fla.

The docket sheet for the transferred,

consolidated action can be found here. .
Stanford Group Company; Stanford
Financial Group; Stanford
International Bank Ltd.; Stanford
Holdings, Inc.; Stanford Capital
Management, LLC; R. Allen Stanford;
James Davis; Laura PendergestHolt/Sandra Allen on behalf of herself
and the class of persons who purchased
securities and certificates of deposit from
the Stanford entities between January 1,
2000 and February 17, 2009
R. Allen Stanford/Stanford Financial
Group;Stanford International Bank,
Ltd.; Stanford Group Company;
Stanford Capital Management LLC;
James Davis; Laura Pendergest-Holt/
Jim Sunderji on behalf of purchasers of
Stanford International Bank Certificates
of Deposit
Securities and Exchange Commission
and unknown agents thereof;
Unknown Agents of the U.S. Marshals
Service; Ralph S. Jenney, Appointed
Receiver for Stanford International
Bank Ltd, et al./Tory Dearmond, Cindy
Dore, et al.
Lloyds of London, et.al/Laura
Pendereast-Holt
Thomas V. Sjoblum and Proskauer
Rose, LLP/ Laura Pendergest-Holt
James R. Alguire et al. (former
financial advisors to Defendant
Stanford Group Company)/Receiver
Ralph Janvey {Receivers Complaint}
Laura Pendergest-Holt/ United States of
America (Indictment)
Kroll, Inc; Kroll Associates, Inc./
Electri International The Foundation

Copyright 2010 Kevin M. LaCroix

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6/18/09

S.D. Tex.

6/18/09

S.D. Tex.

6/18/09

S.D.Tex.

7/2/09

N.D.Tex.

7/13/09

S.D.Tex.

7/15/09

N.D.Tex.

7/21/09
8/10/09

8/20/09

for Electrical Construction, Inc.

Robert Allen Stanford; Laura
Pendergest Holt; Gilberto Lopez;
Mark Kurht; Leroy King/ United States
of America [Indictment]

Here

Bruce Perraud/ United States of

America [Indictment]
James M. Davis/United States of
America [Information]
Willis of Colorado, Inc.; Willis Group
Holdings, Ltd.; Amy Baranoucky;
Robert S. Winter; Bowen, Miclette &
Britt, Inc./ Samuel Troice; Martha Diaz;
Punga Punga Financial Ltd, on behalf of
Mexican investors who purchased
Certificates of Deposit from Stanford
International Bank
The Commonwealth of Antigua and
Barbuda/Joan Gale Frank; Jon A. Bell;
Samuel Burkinsky; Jamie Alexis Arroyo
Bornstein; Peggy Roif Rotstain; Juan C.
Olano: John Wade in hiw capacity as
Trustee of the Microchip ID System, on
behalf of all individuals who, and entities
that, as of February 16, 2009, were
customers of SIBL, with monies on
deposit at SIBL and/or holding CDs
issued by SIBL

Here

Jim Letsos; Felipe Gonzalez; Charlotte

Hunton; Richard O. Hunton; Charles
Hunton/ Receiver Ralph Janvey
{Receivers Complaint}
S.D. Tex. Bowne, Miclette & Britt, Inc.; Robert
S. Winter/Endurance American Specialty
Insurance Company
N.D.Miss. Robert David Haggard; John Taylor
Paschal; Suzanne Paschal; Mary Edith
Shapley; Edit Paschal; Price Paschal
Lumber Company, Inc.
Sup.Ct.
Glenn Ayarton; Ayrton Financial Inc.;
Brit.Colum. Clearwealth Advisors, Inc.;
Clearwealth Adviors, A Partnership;
Sora Group Wealth Advisors, Inc.;

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Copyright 2010 Kevin M. LaCroix

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8/27/09

N.D. Tex.

9/10/09

S.D.Fla.

10/14/09

N.D.Tex

11/3/09

N.D. Miss.

11/18/09

N.D. Tex

11/17/09

S.D. Tex.

2/16/10

N.D.Tex.

2/19/10

N.D.Tex.

Sora Group Wealth Advisors A

Partnership/Michael Drance; Sylvia
Slosel; Mr. Michael Drance, Inc.
Proskauer Rose, LLP; Thomas V.
Sjoblum/ Samuel Troice; Horacio
Mendez; Annalisa Mendez; Punga Punga
Financial, Ltd., on behalf of all investors
who purchased or held Certificates of
Deposit or otherwise maintained
accounts with Stanford International
Bank as of February 2009.
Thomas Raffanello; Bruce Perraud/
United States of America (Superseding
Indictment)
Christopher Aitken; Stephen
Thacker/Ralph S. Janvey in his
capacity as receiver for Stanford
International Bank, Ltd.
Robert David Haggard/Chris Shapley
and Mark Shapley
Pershing LLC/Lynne Turket et al., on
behalf of all persons who purchased
Stanford International Bank Certificates
of Deposit
Certain Underwriters at Lloyds
London and Arch Specialty Insurance
Co./ Laura Pendergest-Holt
Bank of Antigua; Eastern Caribbean
Central Bank; Antigua Commercial
Bank; St.Kitts-Nevis-Anguilla National
Bank Ltd.; Eastern Caribbean
Financial Holdings Company, Ltd.;
National Commercial Bank (SVG)
Ltd.: National Bank of Dominica Ltd.;
Commonwealth Bank of Antigua and
Barbuda/Steven Queyrouze; Jaime
Alexis Arroyo Bornstein; John Wade, on
behalf of all persons who were customers
or who had monies on deposit or who
were holding CDs issued by Stanford
International Bank as of 2/16/09
Democratic Senatorial Campaign
Committee, Inc.; National Republican
Congressional Committee; Democratic
Congressional Campaign Committee,

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Inc.; Republican National Committee;

National Republican Senatorial
Committee

Table IV: Related Proceedings

Date
2/18/09

Court
S.D. Tex.

2/17/09

N.D.Tex.

2/23/09

M.D. La.

Parties (Defendants/Plaintiffs
Stanford International Bank, Ltd;
Stanford Group Company; Stanford
Capital Management LLC; R. Allen
Stanford; James M. Davis; Laura
Pendergast-Holt/ John Cohron on behalf
of all persons who purchased CDs from
SIB or shares in SIBs SAS program
between February 19, 2004 and February
17, 2009
Stanford Group Company; Stanford
Financial Group; Stanford
International Bank Ltd; Stanford
Capital Management LLC; R. Allen
Stanford; James Davis; Laura
Pendergast-Holt; Jay Comeaux; Jason
Green/ Jerry Adams, Jerry Errington,
Ben Gomez, Michael Hicks, on behalf of
all persons who purchased securities and
CDs sold by defendant Stanfrod between
January 1, 2000 and February 17, 2009
{Note: These same plaintiffs filed a
substantially identical action in the
Southern District of Texas as well, as
noted above}
Stanford Group Company; Stanford
Financial Group; Stanford
International Bank, Ltd.; Stanford
Holdings, Inc.; Stanford Capital
Management, LLC; R. Allen Stanford;
James Davis; Laura Pendergast-Holt/
Sandra Allen on behalf of all persons who
purchased securities or certificates of
deposit sold by or through defendant
Stanford entities from January 1, 2000
through February 17, 2009

Copyright 2010 Kevin M. LaCroix

Link
Here

D&O Diary
Here

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8/6/09

N.D. Tex

Willis of Colorado, Inc.; Willis Group

Holdings Ltd.; Amy S. Baranoucky;
Robert S. Winter; Bowen, Miclette &
Britt, Inc./ Manuel Canabal; Daniel
Gomez Ferreiro; Promotora Villa
Marino, C.A.

Copyright 2010 Kevin M. LaCroix

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