kls update to all clients 6.11.15 - information regarding appeal to scotus - final 6.11.2015

4
KACHROO LEGAL SERVICES, P.C. 225R Concord Avenue Cambridge, MA 02138 Telephone (857) 829-3041 Facsimile (617) 864-1125 [email protected] June 11, 2015 Dear KLS Stanford Clients: Petition to the Supreme Court of the United States of America As you are aware from our previous updates, the 11 th Circuit Court of Appeals ruled against Stanford investors in the claim against the Securities and Exchange Commission (“SEC”). After we advised all clients of the decision, KLS worked without funding to identify if there were potential grounds to petition the Supreme Court of the United States to attempt to overturn the 11 th Circuit’s decision. In our last update, we informed all clients that we have been able to identify sufficient grounds to proceed. However, KLS cannot undertake the next step without funding. To that end, several clients have requested further information, especially regarding the funding requirements. For clarification, KLS requires a $750 fee from all clients in order to proceed immediately and no later than June 30, 2015. Please see wiring instructions below. In the event that a sufficient number of clients are willing to support an appeal, we will be able to proceed. If not, the unused portion of these funds will be returned and KLS will unable to submit a petition, meaning the suit against the SEC will be lost. Our research and analysis of the 11 th Circuit’s ruling in favor of the SEC shows that it is vulnerable in a number of ways, including that it infringes on claimants’ constitutional rights of due process and that it contravenes Congressional intent. Further details of our case strategy can be provided to all clients who provide the required fee. Several clients have asked about the possibility of an additional law firm joining the case. KLS will always act in the best interests of its clients and would be happy to cooperate with co- counsel should any be willing to fund the case. In the event that any client is aware of such a firm, please do not hesitate to contact us directly.

Upload: stanfords-forgotten-victims

Post on 07-Nov-2015

6.105 views

Category:

Documents


0 download

DESCRIPTION

Petition to the Supreme Court of the United States of America

TRANSCRIPT

  • KACHROO LEGAL SERVICES, P.C.

    225R Concord Avenue Cambridge, MA 02138

    Telephone (857) 829-3041 Facsimile (617) 864-1125

    [email protected]

    June 11, 2015 Dear KLS Stanford Clients: Petition to the Supreme Court of the United States of America

    As you are aware from our previous updates, the 11th Circuit Court of Appeals ruled against Stanford investors in the claim against the Securities and Exchange Commission (SEC). After we advised all clients of the decision, KLS worked without funding to identify if there were potential grounds to petition the Supreme Court of the United States to attempt to overturn the 11th Circuits decision.

    In our last update, we informed all clients that we have been able to identify sufficient

    grounds to proceed. However, KLS cannot undertake the next step without funding. To that end, several clients have requested further information, especially regarding the funding requirements. For clarification, KLS requires a $750 fee from all clients in order to proceed immediately and no later than June 30, 2015. Please see wiring instructions below. In the event that a sufficient number of clients are willing to support an appeal, we will be able to proceed. If not, the unused portion of these funds will be returned and KLS will unable to submit a petition, meaning the suit against the SEC will be lost.

    Our research and analysis of the 11th Circuits ruling in favor of the SEC shows that it is

    vulnerable in a number of ways, including that it infringes on claimants constitutional rights of due process and that it contravenes Congressional intent. Further details of our case strategy can be provided to all clients who provide the required fee.

    Several clients have asked about the possibility of an additional law firm joining the case.

    KLS will always act in the best interests of its clients and would be happy to cooperate with co-counsel should any be willing to fund the case. In the event that any client is aware of such a firm, please do not hesitate to contact us directly.

  • As explained in our last update, there are strict deadlines for filing a petition with the Supreme Court. As such, there is an extremely limited time to act. In the event that we do not receive sufficient funding we will not be able to proceed and the 11th Circuits dismissal will stand.

    Please do not hesitate to call us if you have any questions. Thank you very much for your attention. Best wishes, The KLS Stanford Team.

  • KACHROO LEGAL SERVICES, P.C.

    225R Concord Avenue Cambridge, MA 02138

    Telephone (857) 829-3041 Facsimile (617) 864-1125

    [email protected]

    June 11, 2015 Peticion a la Corte Suprema de los Estados Unidos de America Estimados clientes del caso Stanford: Como es ya de su conocimiento, la corte de apelaciones del 11avo Circuito, decidi a favor de la Comisin de Bolsa y Valores (SEC). Despus de comunicar la decisin a todos nuestros clientes, KLS continu, an sin fondos, tratando de identificar posibles bases para apelar ante la Suprema Corte de los Estados Unidos la mencionada decisin del 11avo circuito, En nuestro ltimo comunicado, les informamos que de hecho, hemos identificado bases para proceder con la apelacin. Sin embargo, KLS no puede tomar ese paso sin financiamiento. Algunos clientes han solicitado ms informacin sobre costos. En tal orden de ideas, aclaramos que KLS ha solicitado $750 como honorario a cada uno de los clientes a fines de proceder inmediatamente y antes del 30 de Junio, 2015. Por favor encuentre las instrucciones bancarias abajo. Slo podemos proceder con la apelacin, si un nmero suficiente de clientes estn dispuestos a apoyarla y pagar el honorario. Caso contrario, la porcin no utilizada de dichos fondos ser reembolsada y KLS no podr apelar, significando esto que la decisin del 11avo circuito quedara firme, pondra fin al caso y habremos definitivamente perdido la demanda. De nuestra investigacin y anlisis de la decisin del 11avo circuito, hemos identificado varios puntos que la hacen vulnerable, incluyendo violaciones a los desechos constitucionales de los demandantes en relacin al debido proceso y que dicha decisin es contraria a la intencin del Legislador. Ms detalles sobre nuestra estrategia legal sern suministrados a aquellos clientes que paguen el honorario. Algunos clientes nos han preguntado sobre la posibilidad de asociarnos con otra firma en la apelacin. KLS siempre actuar con el mejor inters de nuestros clientes en mente y estamos en disposicin de cooperar con otros abogados externos si contribuyen a financiar el caso. Si conoce de tal abogado o firma, por favor djenos saber. Como tambin lo comunicamos en nuestra ltima entrega, hay fechas limites estrictas para presentar la peticin a la Suprema Corte. Tenemos poco tiempo para actuar. Para evitar la prdida definitiva del caso requerimos suficientes fondos para proceder.

  • Por favor no dude en contactarnos con preguntas. Gracias por su atencin.

    Atentamente,

    Kachroo Legal Services, P.C.

    Privileged Attorney-Client Document Confidential

    STANFORD SEC ACTION KLS WIRING INSTRUCTIONS

    Dr. Gaytri D. Kachroo 225 Concord Avenue

    Cambridge, MA 02138 Telephone: (857) 829-3041

    Facsimile (617) 864-1125 [email protected]

    STANFORD SEC ACTION KLS WIRING INSTRUCTIONS

    Account Number: 0046 1408 5116 ABA Routing Number: 026009593 Swift Code: BOFAUS3N - for International Wires Account Name: Massachusetts Iolta Trust Account Trustee: Kachroo Legal Services, P.C. Bank: Bank of America 615 Concord Ave Cambridge, MA 02138