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KACHROO LEGAL SERVICES, P.C. 225R Concord Avenue Cambridge, MA 02138 Telephone (857) 829-3041 Facsimile (617) 864-1125 [email protected] June 2, 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”). The effect of the ruling is that without further appeal, all claims against the SEC have now been dismissed as the SEC – not because the claims against it lack merit, but because the 11 th Circuit ruled that it was simply immune from this lawsuit. KLS vigorously disagrees with the Court’s reasoning and we have identified sufficient grounds to petition the Supreme Court of the United States to overturn the 11 th Circuit’s decision. In order to prepare the petition to the Supreme Court, KLS must undertake substantial amount of work, which is not covered by SEC clients’ original engagement letters. As such, in order to proceed with this next step, each SEC client wanting to progress the appeal must provide a retainer in the amount of $750. There are strict deadlines for filing a petition with the Supreme Court and as such, if we have not received the retainer amount stated above by Wednesday June 10, 2015 we will not be able to proceed and the 11 th Circuit’s 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.

Zelaya - Update to All Clients 6.2.15 - Appeal to SCOTUS

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  • KACHROO LEGAL SERVICES, P.C.

    225R Concord Avenue Cambridge, MA 02138

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

    [email protected]

    June 2, 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). The effect of the ruling is that without further appeal, all claims against the SEC have now been dismissed as the SEC not because the claims against it lack merit, but because the 11th Circuit ruled that it was simply immune from this lawsuit.

    KLS vigorously disagrees with the Courts reasoning and we have identified sufficient

    grounds to petition the Supreme Court of the United States to overturn the 11th Circuits decision.

    In order to prepare the petition to the Supreme Court, KLS must undertake substantial

    amount of work, which is not covered by SEC clients original engagement letters. As such, in order to proceed with this next step, each SEC client wanting to progress the appeal must provide a retainer in the amount of $750.

    There are strict deadlines for filing a petition with the Supreme Court and as such, if we

    have not received the retainer amount stated above by Wednesday June 10, 2015 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 2, 2015 Estimado cliente SEC Stanford: Peticion a la Corte Suprema de los Estados Unidos de America

    Como conoce por nuestro aviso anterior, el Tribunal de Circuito de Apelaciones fallo en contra de los inversionistas de Stanford en la reclamacin contra la SEC. El efecto de la sentencia es que sin ulterior recurso, todos los reclamos contra la SEC han sido despedidos - no porque las demanda contra la SEC no tenga mrito, pero por que el 11 Circuito gobern que simplemente es inmune a esta demanda.

    KLS no esta de acuerdo con la decisin de la Corte y hemos identificado motivo suficiente para presentar nuestra peticin ante el Tribunal Supremo de los Estados Unidos para revocar la decisin del 11 Circuito.

    Para preparar la peticin a la Corte Suprema, KLS debe asumir una cantidad sustancial de trabajo, que no est cubierta por la carta de compromiso con la firma respecto a la SEC. Para proceder con este siguiente paso, cada cliente de SEC para progresar la apelacin debe proporcionar un anticipo de $750.

    Hay plazos estrictos para presentar una peticin ante el Tribunal Supremo y, como tal, si no hemos recibido la cantidad de retencin indicado antes del mircoles 10 de junio 2015 no vamos a ser capaces de proceder y la decision del 11 Circuito permanecer.

    Por favor, no dude en llamarnos si tiene alguna pregunta. Muchas gracias por su atencin.

    Atentamente,

    Kachroo Legal Services, P.C.