Action Against Ex-McGuire Woods Partner On Hold

Law360, New York (December 12, 2008, 12:00 AM EST) -- The federal district judge overseeing the civil case against a former McGuire Woods LLP partner has denied the request of Alternative Energy Sources Inc. to proceed with its bid to recoup money as a purported victim of the $17 million fraudulent trading scheme he allegedly engineered.

On Tuesday, U.S. District Judge Loretta Preska rejected Alternative Energy's motion to reconsider the stay, chastising the company's counsel for taking the case to Kansas after becoming frustrated with the handling of the claim by the court-appointed receiver of Louis...
To view the full article, register now.