KLS COMMENT ON ZELAYA DECISION

KLS will appeal the latest decision of Justice Scola of FLSD. Needless to say we are disappointed in the ruling as are the thousands of investors defrauded by Allen Stanford. We believe that the judge did not draw the appropriate distinction between a claim based on a misrepresentation and our claim based on a failure to warn in line with the SEC’s mandatory duty to notify SIPC.


However, this decision gives us an opportunity to squarely resolve this fundamental and historic jurisdictional hurdle so that the litigation can proceed without further review based upon an appeals decision in the fourth circuit.

Read More: http://sivg.org.ag/topic181.html

For a full and open debate on the Stanford Receivership visit the Stanford International Victims Group - SIVG official forum http://sivg.org.ag/