US District Court approves Settlement Agreement and Cross-Border Protocol

Before the Court is the Amended Joint Motion of the SEC, the Receiver, the Examiner, and the Official Stanford Investors Committee to Approve the Settlement Agreement and Cross-Border Protocol [Doc. 1793 in SEC v. Stanford, 09-CV-298, Doc. 189 in In re: Stanford International Bank, 09-CV-721]. The Court has reviewed the Motion, any responses and replies, and the applicable authorities. The Court finds the Motion to be well taken. Therefore, the Motion shall be and is hereby GRANTED. It is therefore ORDERED that the Settlement Agreement and Cross-Border Protocol, entered into by and among the SEC, the Department of Justice, the Receiver, the Examiner, the Official Stanford Investors Committee, and the Joint Liquidators shall be and is hereby APPROVED. The parties to the Case are hereby authorized to perform in accordance with their rights and obligations as outlined in the Settlement Agreement and Cross-Border Protocol.

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