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U.S. court vacates ruling against Golf Channel over Stanford fraud

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Convicted financier Allen Stanford, who faces up to 230 years in prison for his $7 billion Ponzi scheme, …

(Reuters) - A U.S. federal appeals court on Tuesday threw out its own ruling that could have forced the Golf Channel to repay $5.9 million it received from convicted swindler Allen Stanford.

The 5th U.S. Circuit Court of Appeals granted Golf Channel's request to vacate its March 12 ruling and instead ask the Texas Supreme Court to address a disputed question of state law.

Golf Channel, owned by Comcast Corp, had argued that it acted in good faith in receiving the $5.