A team of Dallas Norton Rose Fulbright lawyers, led by Ted Daniel, obtained a summary judgment for Golf Channel and dismissal of all fraudulent transfer and unjust enrichment claims brought by the Receiver and Investors Committee of R. Allen Stanford’s $7 billion Ponzi scheme. 

Golf Channel, a subsidiary of NBCUniversal, is a cable and satellite television network that focuses on golf sports coverage.

The Receiver sought to recover $6 million paid by Stanford to advertise on Golf Channel under the theory that Stanford, as a Ponzi scheme, was insolvent at the time of the payments to Golf Channel, that the payments to Golf Channel helped to perpetuate the Ponzi scheme, and that the payments provided no value to the creditors of Stanford.

The case is pending in the Dallas federal court of Judge David Godbey. 

In granting the motion for summary judgment, the judge held that Golf Channel acted in good faith and was an innocent trade creditor instead of a salesman perpetrating and extending the Ponzi scheme.