S.E.C. v. STANFORD INTERN. BANK, LTD

No. 17-10663.

927 F.3d 830 (2019)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff v. STANFORD INTERNATIONAL BANK, LIMITED, Defendant v. Joseph Becker; Terence Beven; Wanda Bevis; Thomas Eddie Bowden; Troy L. Lillie, Jr., et al, Movants-Appellants Doug McDaniel; Scott Notowich; Eddie Rollins; Cordell Haymon; et al, Objecting Parties-Appellants v. Certain Underwriters at Lloyd's of London; Arch Specialty Insurance Company; Lexington Insurance Company, Interested Parties-Appellees Ralph S. Janvey, Appellee Certain Underwriters at Lloyd's of London; Arch Specialty Insurance Company, Plaintiffs-Appellees v. Ralph S. Janvey, In his Capacity as Court Appointed Receiver for Stanford International Bank Limited, Stanford Group Company, Stanford Capital Management L.L.C., Stanford Financial Group, and Stanford Financial Group Bldg, Defendant-Appellee v. Cordell Haymon, Intervenor-Appellant Certain Underwriters at Lloyd's of London; Arch Specialty Insurance Company; Lexington Insurance Company, Plaintiffs-appellees v. Cordell Haymon, Objecting Party-Appellant v. Ralph S. Janvey, Intervenor-Appellee Certain Underwriters at Lloyd's of London; Arch Specialty Insurance Company; Lexington Insurance Company, Plaintiffs-Appellees v. Ralph S. Janvey, Intervenor Defendant-Appellee v. Cordell Haymon, Objecting Party-Appellant Cordell Haymon, Third Party Plaintiff-Appellant v. Certain Underwriters of Lloyd's of London, Claims asserted by Claude F. Reynaud, Jr. Third Party Defendant-Appellee v. Ralph S. Janvey, Appellee.

United States Court of Appeals, Fifth Circuit.

FILED June 17, 2019.


Attorney(s) appearing for the Case

Phillip W. Preis, Esq. , Charles Malcolm Gordon, Jr., Esq. , Preis Gordon, A.P.L.C., Baton Rouge, LA, for Movants-Appellants.

Stephan Bruce Rogers , Rogers & Moore, P.L.L.C., Boerne, TX, for Objecting Party-Appellants DOUGLAS M. MCDANIEL, SCOTT NOTOWICH, EDDIE ROLLINS.

Sean Daniel Jordan , Adam Warren Aston , Joel Robert Glover , Peter Carl Hansen , Danica Lynn Milios , Jackson Walker, L.L.P., Austin, TX, for Objecting Party-Appellant CORDELL HAYMON.

John C. Porter, Jr., Esq. , Smiley Bishop & Porter, L.L.P., Objecting Party-Appellant ET AL.

Manuel Mungia , Matthew Edwin Pepping , Chasnoff Mungia Pepping & Stribling, P.L.L.C., San Antonio, TX, for Interested Party-Appellees CERTAIN UNDERWRITERS AT LLOYD'S OF LONDON, ARCH SPECIALTY INSURANCE COMPANY, LEXINGTON INSURANCE COMPANY.

Kevin M. Sadler , Stephanie Frederique Cagniart , Attorney, Scott Daniel Powers , Baker Botts, L.L.P., Austin, TX, for Appellee.

Before JONES, CLEMENT, and SOUTHWICK, Circuit Judges.


These appeals challenge the district court's approval of a global settlement between Ralph Janvey, the Receiver for Stanford International Bank and related entities, and various insurance company Underwriters, who issued policies providing coverage for fidelity breaches, professional...

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