A recent Texas Lawyer story, “$14M Earmarked as Receiver’s Attorney Fees in Stanford Litigation,” reports that in litigation stemming from the disgraced financier R. Allen Stanford $7 billion Ponzi scheme, any objections to a proposed $65 million settlement between underwriters, including Lloyd's of London, and claimants must be filed with a Dallas federal court by Sept. 30.

According to a notice of the settlement filed with that court, if the deal receives approval following a scheduled Oct. 28 hearing before U.S. District Judge David Godbey in Dallas, then the lawyers representing the appointed receiver Ralph S. Janvey may receive as much as $14 million in attorney fees from the $65 million—less than the one-third of any settlement, which is the amount that they had previously agreed upon.

In February 2009, the Dallas federal court appointed Janvey, a partner in Krage & Janvey in Dallas, as a receiver tasked with preserving and securing through multiple lawsuits filed in the federal courts as much as possible of the millions of dollars in assets that claimants lost due to Stanford's scheme.

For his part, Stanford is serving a 110-year prison sentence for his role in directing his Antigua-based scheme, which involved bogus certificates of deposit.  In 2012, a Houston federal jury convicted the one-time billionaire on fraud, conspiracy and obstruction charges.