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JANVEY v. ALGUIRE

No. 10-10617.

647 F.3d 585 (2011)

Ralph S. JANVEY, Plaintiff-Appellee, v. James R. ALGUIRE; Victoria Anctil; Tiffany Angelle; Sylvia Aquino; Jonathan Barrack; et al. 1; Teral Bennett, Susana Cisneros; Ron Clayton; James Fontenot; Mark Groesbeck; et al. 2; and Jason Green, Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

July 22, 2011.

Attorney(s) appearing for the Case

Kevin M. Sadler (argued), David Todd Arlington , Baker Botts, L.L.P., Austin, TX, Timothy Stuart Durst , Baker Botts, L.L.P., Ben L. Krage , Krage & Janvey, L.L.P., Dallas, TX, for Plaintiff-Appellee.

Bradley Wayne Foster (argued), Matthew Griffith Nielsen , Andrews Kurth , L.L.P., John Patrick Kincade , Winstead, P.C., Dallas, TX, Michael John Stanley (argued), Stanley, Frank & Rose, L.L.P., Houston, TX, for Defendants-Appellants.

Michael Laurence Post , Sr. Litig. Counsel, U.S. Securities & Exchange Commission, Washington, DC, for Securities and Exchange Commission, Amicus Curiae.

Before STEWART, PRADO and ELROD, Circuit Judges.

PRADO, Circuit Judge:

We withdraw our prior opinion, Janvey v. Alguire, 628 F.3d 164 (5th Cir.2010), and substitute the opinion that follows:1

The Securities Exchange Commission ("SEC") brought suit against Stanford Group Company ("SGC"), along with various other Stanford corporate entities, including Stanford International Bank ("SIB"), for allegedly...

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