Whether Article III standing limits receivers to bringing claims that are coextensive with the receivership estate and precludes receivers from bringing, settling, and barring claims of third parties against non-receivership entities

QUESTION PRESENTED FOR REVIEW Petitioners were investors who lost their investment in the Stanford International Bank Ponzi scheme. Petitioners brought suit in state court against two brokers that made independent misrepresentations to investors about the bank’s financial soundness and its insurance coverage. The suit was stayed by the federal court overseeing the bank’s receivership. The receiver brought and settled his own claims against the insurance brokers, but, over Petitioners’ objections, that settlement included a bar order precluding Petitioners from litigating their own claims in state court. The district court and the court of appeals found that the receiver had standing to assert and settle Petitioners’ claims. The question presented is whether the standing requirement of Article III limits receivers to bringing claims that are coextensive with the receivership estate and thus whether Article III precludes receivers from bringing, settling, and barring claims of third parties against non-receivership entities. ii PARTIES TO THIS PROCEEDING Petitioners “Rupert Parties” Petitioners David Quintos; Barry L. Rupert; Diana Dimitiova; Carol Rupert; Michael Rishmague; Odde Jalil Rishmague; Elizabeth Pora Cabrera; Marianela Collado de Perez; Nayade Panos Peche; David Hazouri Neme; Abraham Diamant; Adela Levy de Charua; Alberto Baron; Alfonso Urquiza; Ana _ Berrocal Ballesteros; Antonio Assad Kanahuati; Arnoldo DeLeon Sanchez; Bernardo Ramon Antonio Collado Perez; Bertha Kleiman; Carlos Estrada; Carlos Augusto Hernandez Guerrero; Carmen Berrocal; Carmen Gonzalez Urquiza Gonzalez; Carol Lovil; Cecelia Benner; Cindy Kuhn; Damian Lyder; Dan Auli Panos; Daniel Luis Kleiman Guindic; Diana Quintos Dimitrova; Eduardo Urquiza; Elias Charua Lladani; Elisa Kusner; Elizabeth Runkle; Eva Uchmany; Francisco Cabrera; Frank Cammisano (CAMM International Trust); Frank Cammisano (Trinicria Trust); Fred Teller; German Bricio; Gil Rodriguez Isaacson; Gonzalo Urquiza; Isak Lempert; Jacobo Tartakovski; Jaime Urquiza; Jorge Manuel BrenesRamirez (Brenes Murillo Trust); Jorge Manuel BrenesRamirez (Hermanos Brenes Trust); Jorge Carlos Gonzalez DeCossio; Jorge DeLeon Sanchez; Jose Beitman; Jose Estrada; Juan Carlos Sanchez; Juan Ignocio Urquiza; Juana Ines Perdomo; Lab Tec Rodriguez Lezama; Laborotorio Rodriguez Lezama; Libby Diamant; Lilia Garcia de Charua; Lionel Alessio; Luis Charua Guindic; Luis DeLeon Sanchez; Luis iii PARTIES TO THIS Gonzaga DeLeon Gonzalez; Luisa Martha Haddad Abdulnour; Marcos Gil Rodriguez Lezama; Mari Del Carmen Urquiza; Maria Nelina Collado de Perez; Maria Isabel Gonzalez Cossio Septien; Maria Isaacson; Maria Teresa Urquiza; Maria del Pilar Gonzales DeCossio; Mariana DeLeon; Martha Gonzales DeCossio; Martha Suarez; Menahen Shueke Esses; Miguel Angel Gonzales DeCossio; Mike Kuhn; Moises Charua Guindic; Moises Guakil; Monica DeLeon; Natalia Tartakovski; Neal Benner; Paulo Costal; Rebeca Waxtein (Regent 5 Trust); Rebeca Waxtein (BOICHIK Trust); Ricardo Estrada; Ronald J Kuhner; Ruth Charney de Baron; Sara Guindic de Hait; Sergio Kusner; Sergio Raul Suarez; Susy Kuhn; Sylvia Baron; and Victor Auli Panos were objecting parties in the district court and appellants in the court of appeals. Joint petitioners “Able Parties” Co-petitioners Edna Able; Robert C. Ahders; Rodrigo Rivera Alcayaga; David and Carlie Arntsen; Dr. Charles E. Baker; Robert Lewis Bambauer; Anne H. Barrett; Lawrence D. Bartell; Kyle J. Bauer; Thomas and Camilla Bauersfeld; Randy C. Bellelo; David J. Belock, Jr.; Sheri Berger; Russell R. Bergeron; Stanley J. Bertman; Scott M. Boeker; Daniel J. Bonfiglio; Angela K. Bonfiglio; John C. Bonfiglio; Boundless Insurance Co, LTD.; Beverly Braud; Ernesto A. Brizuela; S. Meghan Trust u/w/o Fred G. Burk; Esther Bromley Burk UAD; Marcus Bromley Trustee; Jon iv PARTIES TO THIS Michael and Nancy Bryant; Kenneth and Shara Bubes; Charles and Rhonda L. Buck; Dr. James R. Calvin, MD; Camellia Family Partnership; Kela Campbe