The clock is ticking on the statute of limitations, and unless all investors so interested file claims with the SEC before February 16th 2011, we will be barred from taking any action against the agency; forever.
Of the three class-actions against the SEC on behalf of the Madoff victims, we believe this has the best chance of succeeding. Dr. Kachroo has agreed to represent us and pursue this matter on behalf of all Stanford victims.
The suit is for the benefit of all the victims who sign-up, whether domestic (US) or International, and we shall all have equal status.
A Copy of Kachroo Legal Services, P.C. letter of engagement is available on this blog.
1. As this is an action against the US Government, it cannot be a class-action in the normal sense. Only the investors who have joined-in and filed a claim with the SEC under the Federal Tort Claims Act can be included. No other victims will be able to join-in later.
2. After the statute of limitations expires (which we believe will be on February 16th 2011), unless investors have already registered and their claims have been submitted, they will be barred from suing the US Government and the SEC should they decide to do so.
3. Kachroo Legal Services, P.C. must prepare a separate claim for each investor account into Stanford in advance of filing any action on our behalf. This will obviously take some time, and clearly time is of the essence. We should each decide whether to sign-up sooner rather than later.
You can find more information here or in the forum http://svg.creatuforo.com/
You can also contact the law firm directly in the website of Kachroo Legal Services (Email: info@kachroolegal.com)
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