HOUSTON, (Reuters) – A federal judge found accused swindler Allen Stanford and his attorneys in contempt of a court order yesterday over their attempts to collect insurance policy proceeds to pay defence costs.
No sanctions were imposed, according to the judge’s order.
U.S. District Judge David Godbey in Dallas, who oversees the civil fraud case, granted the motion filed by insurer Lloyd’s of London, which issued Stanford’s directors and officers policy. The defendants and Lloyd’s are battling over the payment of defense fees in federal courts in both Dallas and Houston.
