Memphis Injury Lawyer Blog

As a Memphis trial lawyer who handles both disputes over money and criminal law cases, I have found it quite interesting and distressing to see the rush to judgment in the press of those persons who have worked for or with Stanford Financial Group (SFG). Lives are and will be ruined for many Tennessee residents by what are, for the time being, only accusations. Having said that, the most innocent ones involved are the investors.

In order for an investor to recover his or her money, a Federal District Judge has appointed a Receiver Ralph Janvey bio. A Receiver's job (Order Appointing) is to gather and value all of the assets of a company which in this case is SFG. Then, subject to the Court's approval, a plan of distribution of assets and payment of trade creditors is worked out. If the Judge approves the plan then payments can begin. Typically, this is neither quick nor easy.

If you or a loved one is in need of recovering the investment, by Court order, you can not take any action to collect it at this time in a Tennessee court. In the Temporary Restraining Order (TRO) the Judge has prohibited any collection activity unless it is first approved through his Court. As a TRO is only valid for a short period of time, (This is supposed to protect those restrained from excessive harm if the TRO was issued based upon inaccuracies.) a hearing will be held on March 2, 2009 for a ruling as to whether or not the TRO will be extended and converted into what is called a Temporary Injunction. This hearing is open to the public and may give us all additional insights into what is on the horizon.

In the meantime, if you are one of the unfortunate investors, begin gathering all of the paperwork that you have concerning your investment. Make out a time line of the events leading up to your investment and a list of those persons(name, address, phone number, etc.) with whom you have dealt, as well. Last, the Receiver has set up a website (http://www.stanfordfinancialreceivership.com/) in order to keep us posted as to the progress of this matter and to pass on information that may assist you. The Receiver has hired a very prestigious and large law firm to handle the necessary legal matters concerning this situation. Respectfully, if you are not represented by a lawyer you will be in the uncomfortable position in trying to get your money back of the guy who brought a knife to a gunfight. To protect your future which is your most valuable asset, seek out an experienced lawyer without delay.