Miami Firm Agrees To Settlement Over Shapiro Ponzi Suit

Law360, Los Angeles (September 09, 2013, 10:23 PM ET) -- Miami law firm Shook Hardy & Bacon LLP agreed on Friday to pay $5 million to settle claims by a bankruptcy trustee that it aided and abetted former University of Miami booster Nevin Shapiro, who was convicted in 2010 of running a $930 million Ponzi scheme.

The firm denied any wrongdoing, according to a proposed settlement filed Friday in Florida bankruptcy court. The settlement includes a $1.7 million fee to law firm Tabas Freedman Solof Brown & Rigali PA for its service as the bankruptcy trustee...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers