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Thursday, April 16, 2015

Kachroo Legal Services Update Regarding Zelaya v SEC

Dear KLS Stanford Clients:

Eleventh Circuit Court of Appeals Decision In Action Against SEC

As you are aware from our previous updates, KLS filed its appellate brief in Zelaya, et al. v. United States of America, the class action brought against the SEC for negligently failing to act on available information to prevent the Stanford Ponzi scheme. After an intense oral argument on September 11, 2014, the Court of Appeals handed down its decision today, March 30, 2015. A copy of the judgment is attached.

In its decision, the Court notes that the SEC’s failure to act was.......................

Read Kachroo Legal Services Update Here:

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