Ralph Janvey v. Libyan Investment Authority

Ralph S. Janvey, the courtappointed receiver (“the receiver”) for a Ponzi scheme orchestrated by Allen Stanford (the “Stanford scheme”), brought claims against the Libyan Investment Authority (“LIA”) and the Libyan Foreign Investment Company (“LFICO”) in the district court, seeking to recover the proceeds of certificates of deposit (“CDs”) previously transferred to LFICO by the Stanford International Bank, Ltd. (“SIB”). LIA and LFICO moved to dismiss the receiver’s claims, insisting that they were immune from the court’s jurisdiction under the Foreign Sovereign Immunities Act (“FSIA”). The…