Las víctimas olvidadas de Stanford ahora disponible en español

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Monday, March 30, 2015

Allen Stanford receiver’s case against former Lt. Gov. Ben Barnes delayed; settlement talks likely underway

Former Lt. Gov. Ben Barnes was expected to testify later this week at a federal trial in Dallas. That trial has been taken off the calendar as the parties are reportedly deep into settlement talks. Photo of Barnes in his Washington office by Michael A. Lindenberger

The civil case against former Lt. Gov. Ben Barnes was slated to begin today in federal court in Dallas, but it’s been put on hold as attorneys for him and the court-appointed receiver in the Allen Stanford case discuss a settlement.

No settlement papers have been filed with the court, but an attorney for the receiver said this morning the case has been postponed. A clerk in U.S. District Judge David C. Godbey confirmed this morning that the case has been taken off the trial calendar, something she said only happens if settlement talks are very serious. She said the parties called last week to have the case taken off the calendar.

Barnes, 76, was Speaker of the Texas House by the time he was 26, and was lieutenant governor — and arguably the most powerful leader in Texas — before he was 30. LBJ thought he’d be president someday, though those expectations ended after a 1972 bid for governor collapsed. Since then, he’s made millions in real estate, survived an early bankruptcy, and emerged in the past 25 years as one of the state’s leading peddlers of counsel, influence and access. A former director of American Airlines and other large companies, he’s also been a prolific donor to political campaigns. He maintains offices in Austin and in Washington.

But 50 years after fist winning the Speaker’s gavel in 1965, he has for the past year been facing the prospect of a trial in Dallas over more than $5 million in fees paid to his firm by disgraced ex-billionaire Allen Stanford...................

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For a full and open debate on the Stanford receivership visit the Stanford International Victims Group - SIVG official Forum

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