‘Call Your First Witness’ – Fifth Circuit to Lawyers in Final Stanford Ponzi Scheme Trial

A three-judge panel of a federal appellate court has rejected a last-ditch effort by three banks to postpone an upcoming trial in which victims in the R. Allen Stanford Ponzi scheme are seeking billions of dollars in damages.

The U.S. Court of Appeals for the Fifth Circuit, in a per curium decision released Tuesday, ruled that the Feb. 27 trial against Toronto-Dominion Bank, HSBC Bank, Independent Bank (formerly Bank of Houston) and Societe Generale Private Banking (SG Suisse) will go forward as scheduled.