Proskauer, Chadbourne Targeted By Stanford Fraud Victims

Law360, New York (January 3, 2012, 7:59 PM EST) -- Forty-nine Mexican investors in R. Allen Stanford's alleged Ponzi scheme on Friday hit Proskauer Rose LLP and Chadbourne & Parke LLP with a suit in Texas state court accusing the law firms of participating in and covering up the scheme.

Thomas V. Sjoblom, a former U.S. Securities and Exchange Commission attorney who worked for Chadbourne Park and is currently at Proskauer Rose, is also named as a defendant in the complaint, along with CAS Hewlett & Co. Ltd.

The plaintiffs, investors in Stanford Financial Group, say...
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