Levinger PC Teams With Gruber Hurst Elrod to Defeat Claims of Stanford Receiver

July 10, 2015 in News
Jeff Levinger served as appellate counsel to client Dillon Gage of Dallas and its trial team at Gruber Hurst Elrod Johansen Hail Shank, who dealt a rare defeat to the Stanford receiver appointed to represent the financial victims of the Ponzi scheme perpetrated by R. Allen Stanford.  In a 7-0 verdict rendered after a one-week trial before U.S. District Judge David Godbey, the jury rejected the Receiver’s claim that Stanford Coins & Bullion acted with the intent to hinder, delay, or defraud its creditors when it made over $5.1 million in payments to Dillon Gage in the weeks before the Stanford receivership.  Levinger was responsible for handling the jury charge and the Rule 50(a) motions for judgment.  The jury charge, which included an important instruction that fraud cannot be inferred from a debtor’s mere intent to prefer one creditor over another, can be found here.  A short Texas Lawyer article about the trial is here.

Subject Matter: Business Litigation, Procedural and Evidentiary Issues