Some investors of Sanford Financial Group are attempting to force the company into bankruptcy. The company's chairman is currently in jail for running an alleged $7 billion Ponzi scheme. 

The purpose of forcing the company into bankruptcy is to allow the investors to have influence over the direction of the company. The issue will likely be ruled on in a Dallas court later this week. 

If your company is considering filing for bankruptcy, contact the Austin bankruptcy lawyers of Slater, Kennon, & Jameson, LLP, at 512-338-1100.