Stanford faces court battle over legal fees

Jailed financier Allen Stanford and three of his former company executives are suing Lloyd's of London in a row over legal insurance.

Jailed financier Allen Stanford and three of his former company executives are suing Lloyd's of London in a row over legal insurance.

The trio have racked up millions of dollars in legal fees as they defend themselves against charges they cheated investors out of $7bn (€5.5bn) in a massive Ponzi scheme.

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