Law360, New York (February 21, 2012, 5:58 PM ET) -- Plaintiffs in one of six lawsuits claiming Proskauer Rose LLP protected accused Ponzi schemer Robert Allen Stanford's bank protested a motion to stay the suit Monday, calling it a ploy to prevent the court from remanding the suit before the Judicial Panel on Multidistrict Litigation reaches a decision.
The plaintiffs, 49 investors who lost money in Stanford's alleged $7 billion criminal scheme, said the Southern District of Texas, to which Proskauer Rose removed the suit Jan. 27, can very easily decide whether removal to federal court...
Stanford Investors Protest Proskauer's Bid To Pause Suit
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