Stanford Exec Sues Proskauer Atty For Malpractice

Law360, New York (March 30, 2009, 12:00 AM EDT) -- The chief investment officer of Stanford Financial Group Co. has accused a Proskauer Rose LLP partner of implying that the firm represented the CIO's personal interests in a federal probe into an alleged $8 billion Ponzi scheme by the investment company, while actually protecting Stanford's other principals to the officer's detriment.

Chief investment officer Laura Pendergest-Holt on Friday sued Proskauer Rose and firm partner Thomas V. Sjoblom for legal malpractice and professional negligence, as well as breach of fiduciary duty, in the U.S. District Court for...
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