SCOTUS won’t hear Texas Stanford case, clearing the way for small recovery

Stanford Group Exxon People
A popular place to find Baton Rouge-based Stanford Group advisors was at the ExxonMobil plant, where they pitched the fraudulent CDs to soon-to-be retiring employees. (Photo by Tim Mueller)

The U.S. Supreme Court has refused to get involved in one of the higher-profile cases in the Stanford Group litigation, clearing the way for the receiver in the case to collect a $132 million settlement from two insurance brokerages involved in the scheme.

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