Antigua St John's - US District Court Judge David Godbey has granted the Official Stanford Investors Committee’s motion to conduct jurisdictional discovery for Cort & Cort and Cort & Associates,
in connection with the February lawsuit alleging the law firms received more than $1.1 M in fraudulently transferred Stanford International Bank (“SIB”) customer funds.
Judge Godbey said in the order that the Investors Committee has made a “preliminary showing for jurisdiction” for the allegations, and granted a four-month period for discovery.
“Dr Errol Cort’s deposition will be a critical component of the discovery Judge Godbey authorized today,” said Peter D Morgenstern, a lawyer serving on the Committee who also filed a class-action lawsuit against the government of Antigua & Barbuda in the same District Court in 2009.
He said, “Dr Cort’s law firm was literally on Stanford’s payroll for an extensive period of time, and the firm also served as the official agent for Stanford International Bank, while Dr Cort was the nation’s minister of Finance.
We are very pleased with Judge Godbey’s decision.”
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