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ADVERTISEMENT ADVERTISEMENT 5th Circ. Told To Allow Stanford Ponzi Victims Into Suit Law360 (October 7, 2020, 10:45 PM EDT) The Fifth Circuit was told it should undo a lower court s ruling and allow 147 duped investors to intervene in a lawsuit seeking monetary damages from banks that facilitated R. Allen Stanford s Ponzi scheme because the Official Stanford Investors Committee doesn t have standing to pursue their Texas Securities Act claims. Circuit Judge E. Eugene Davis repeatedly asked attorneys for both sides to explain how the court s 2019 ruling in Zacarias v. Stanford International Bank should factor into its decision here. In that case, the court upheld receiver settlements against two insurance brokers for a combined $133 million, rejecting arguments from investor. ....