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Thursday, October 24, 2013

Kachroo Legal Services Stanford Update October 23rd 2013

STANFORD UPDATE OCTOBER 23rd 2013

TO ALL SEC CLIENTS
TO ALL SFA CLIENTS


Dear Stanford Clients:

We write to update you with important information regarding the claim against the SEC and


ZELAYA V. UNITED STATES OF AMERICA

As you may be aware, United States District Court Judge Robert N. Scola recently issued an order granting the Government’s second motion to dismiss the Plaintiffs’ complaint. This ruling comes despite the historic victory previously achieved in surviving the Government’s first motion to dismiss. The result of the order is that the lower court has made a final determination on the entire case and as such KLS is now in a position to appeal the entire case to the United States Court of Appeals for authoritative resolution of all issues.

To that end, KLS has filed a notice of appeal earlier this month, and will submit its full appeal brief in November. KLS will of course keep all clients up to date with developments in the case as they arise, including the approximate timeline of the appeal.


STANFORD FURTHER ACTIONS

In accordance with our previous updates, we would like to make sure that all clients are aware of progress with the Dallas receiver. By now, clients should have received:

1) A notice of Determination
2) A Certification Notice.


If You Have Already Received A Certification Notice

For those of you who have already received a notice directly, it is important to let us know as soon as possible so that we can assist you in processing your claim. Please forward any and all paperwork you have received from the Receiver. Please also sign the attached confirmation in order for us to be able to deal with the Receiver on your behalf directly.


If You Have Not Yet Received A Certification Notice

If you have not yet received a notice, we can check on the current status of your case on your behalf. To enable us to do this, please sign the attached confirmation. Please also be vigilant for any notifications sent to you directly by email as there are strict deadlines to respond.


If You Are Not Yet a Stanford Further Actions (SFA)

Client If you have not yet signed a retainer agreement with KLS, time is running out to submit and process these claims. If you would like us to deal with these claims to the receiver on your behalf, please sign the enclosed authorization form and or contact us with any queries you may have. We can then forward you our standard retainer letter.


SALE OF STANFORD INVESTORS’ CLAIMS

KLS is being solicited by a number of funds that appear to have increased their initial offers to acquire claims from Stanford investors to between 10 and 20 cents on the dollar (i.e. 10-20% of their claimed value). If any of our clients have an interest in pursuing such an offer, please advise us directly so we can facilitate discussions with these funds.

Very truly yours,

Gaytri D. Kachroo
Kachroo Legal Services, P.C.


Read More: http://sivg.org.ag/topic224.html 


 For a full and open debate on the Stanford Receivership visit the Stanford International Victims Group - SIVG official forum http://sivg.org.ag/


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