‘Enforcement 40’ for 2020
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By Securities Docket on July 14, 2022, 8:00 am
A federal bankruptcy court has frozen the assets of Three Arrows Capital, the once-prominent crypto hedge fund that managed as much as $10 billion in assets until it fell into liquidation last month. In an emergency hearing Tuesday, Judge Martin Glenn of the Southern District of New York granted a motion allowing liquidators to “transfer, […]
By Securities Docket on June 25, 2015, 8:59 am
The Wyly brothers used gains from secret, illegal, offshore transactions “as their own personal piggybank,” the SEC had said ahead of a Wednesday appeals hearing in New York, where the family sought to lift a judge-imposed freeze on its assets. U.S. District Judge Shira Scheindlin’s order against 16 people, including both men’s wives and 10 […]
By Securities Docket on July 29, 2011, 12:07 pm
One way to get out from under an asset freeze: write a check!
By Securities Docket on July 19, 2011, 12:07 pm
SEC files complaint within days of the alleged insider trading.
By Amanda Harding on February 7, 2010, 8:01 am
Madoff family members will have assets frozen pending current litigation.
By Securities Docket on September 15, 2009, 3:48 pm
Allen Stanford was back in court today on his attorney’s motion to withdraw as counsel.
By Securities Docket on June 30, 2009, 9:34 am
The UK’s Serious Fraud Office disclosed today that it has frozen $100 million worth of assets linked to Allen Stanford. The restraining order freezing the assets was requested by the US Department of Justice on more than $100 million “believed to be held at certain London financial institutions,” the Times Online reports. The SFO said […]
By Securities Docket on June 22, 2009, 2:07 pm
On Friday, attorneys for HealthSouth shareholders asked Alabama Circuit Judge Allwin E. Horn to freeze the assets of former HealthSouth CEO Richard Scrushy, against whom they obtained a massive nearly $2.9 billion judgment last week. One of the attorneys acknowledged that there was no expectation of getting the full judgment from Scrushy, but said that […]
By Securities Docket on May 4, 2009, 4:11 pm
In late April, following the SEC successfully obtaining a Preliminary Injunction freezing his assets, R. Allen Stanford’s moved to modify the Preliminary Injunction Order to permit him access to $10 million of the frozen funds to pay attorneys’ fees. Today the SEC filed an Opposition to that motion, arguing that Stanford is not entitled […]
By Securities Docket on January 28, 2009, 11:20 pm
The SEC announced on Wednesday that the Supreme Court of Judicature Court of Appeal in the United Kingdom dismissed the appeal of Glenn Manterfield, a UK citizen, of an order by a British court freezing Manterfield’s assets. The High Court of Justice in London had previously issued the order freezing assets held in the United […]