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Order Approving Receivers Interim Distribution Plan

Order Approving Receivers Interim Distribution Plan

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Published by Catherine Burnell
Order Approving Receivers Interim Distribution Plan
Order Approving Receivers Interim Distribution Plan

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Categories:Types, Business/Law
Published by: Catherine Burnell on Jun 01, 2013
Copyright:Attribution Non-commercial

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07/22/2013

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O
RDER
A
PPROVING
R
ECEIVER
S
 I
NTERIM
D
ISTRIBUTION
P
LAN
 
1
IN THE UNITED STATES DISTRICT COURTFOR THE NORTHERN DISTRICT OF TEXASDALLAS DIVISION
SECURITIES AND EXCHANGE COMMISSION,Plaintiff,v.STANFORD INTERNATIONAL BANK, LTD., ET AL.,Defendants.§§§§§§§§§ Case No. 3:09-CV-0298-N _____________________________________________________________________________ 
ORDER APPROVING RECEIVER’S INTERIM DISTRIBUTION PLAN
 _____________________________________________________________________________ This Order addresses the Receiver’s Motion for Approval of Interim Distribution Plan(the “Motion”). After considering the Motion, any responses, objections, or replies thereto, thearguments of counsel, and the evidence in the record, the Court overrules all objections and grants the Motion in full. Accordingly, the Court orders the Receiver to make an interimdistribution according to the following plan:
A. Definitions.
Unless the context requires otherwise, the following definitions shall apply for purposesof this Order:1.
 
“Allowed Claim Amount” means the maximum amount of funds that the Receiver has determined that a claimant or claimants may be entitled to receive from the Estate.Claimants entitled to payment pursuant to this Order will receive less than their respectiveAllowed Claim Amounts.2.
 
“Approval Date” means the date on which this Order is signed.
Case 3:09-cv-00298-N Document 1877 Filed 05/30/13 Page 1 of 10 PageID 50771
 
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3.
 
“Available Cash” means that amount of cash that is held by the ReceivershipEstate.4.
 
“Claim” means:a.
 
a potential or claimed right to payment, whether or not such right isreduced to judgment, liquidated, unliquidated, fixed, contingent, mature,unmatured, disputed, undisputed, legal, equitable, secured, or unsecured,against one or more of the Receivership Entities; or  b.
 
a potential or claimed right to an equitable remedy for breach of  performance if such breach gives rise to a right to payment, whether or notsuch right to an equitable remedy is reduced to judgment, fixed,contingent, matured, unmatured, disputed, undisputed, secured, or unsecured, against one or more of the Receivership Entities.5.
 
“Claimant” means any person or entity (including, without limitation, individuals, partnerships, corporations, joint ventures, estates, trusts, and governmental units) that holds aClaim. Without limiting the generality of the foregoing, the definition of Claimant includes, butis not limited to, any person or entity holding:a.
 
a Claim based on an investment in, with, or through a Receivership Entityor a customer transaction with or through a Receivership Entity(“Customer Claims”), including but not limited to claims relating to:i.
 
certificate(s) of deposit issued by Stanford International Bank, Ltd.(“Stanford International Bank, Ltd. CD Claim”);ii.
 
other customer accounts or transactions with Stanford InternationalBank, Ltd. (“Other Stanford International Bank, Ltd. Claim”);
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iii.
 
investments in, with, or through Stanford Coins & Bullion, Inc. or other customer transactions relating to coins and bullion (“Coin &Bullion Claim”);iv.
 
investments in partnerships or other entities sponsored by aReceivership Entity (“Partnership Claim”);v.
 
investments in and transactions relating to brokerage accounts held through a Receivership Entity (“Brokerage Account Claim”);vi.
 
investments in, with, or through or customer transactions withStanford Development Company (“Stanford DevelopmentCompany Claim”); and vii.
 
investments in, with, or through any other Receivership Entity or acustomer transaction with any other Receivership Entity (“Other Customer Claim”). b.
 
a Claim of any other kind whatsoever against any Receivership Entity,including, without limitation, Claims based on or relating to:i.
 
the provision of goods or services to any Receivership Entity for which payment has not been made in whole or in part (“ServicesClaim”);ii.
 
real estate owned or leased by Receivership Entities, including butnot limited to past due rent (“Real Estate Claim”);iii.
 
money loaned to any Receivership Entity and that has not beenrepaid in whole or in part (“Loan Claim”);
Case 3:09-cv-00298-N Document 1877 Filed 05/30/13 Page 3 of 10 PageID 50773

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How many millions has Ralph Janvey realized looking for the victims HUGE 1% return?
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