Judge must rule on exclusion in Stanford's policy, 5th Circuit says.

The article presents the court case Pendergest-Holt v. Certain Underwriters at Lloyd's of London et al wherein the 5th U.S. Circuit Court of Appeals ruled that a directors and officer (D&O) insurer should finance R. Allen Stanford and his associates if the officers are found guilty of money laundering. It discusses the alleged multibillion-U.S. dollar money laundering scheme and the filed civil charges by the U.S. Securities and Exchange Commission to the defendants. The insufficient evidence that resulted to the injunction is also cited.