Andrews Kurth Wants $10M Stanford Malpractice Suit Axed

Law360, Houston (August 21, 2013, 4:07 PM ET) -- Andrews Kurth LLP asked a Texas judge Monday to dismiss a real estate company’s $10 million malpractice suit, saying it had no knowledge of a Ponzi scheme being run by its client’s former tenant — a subsidiary of Stanford Financial Group.

The firm said the fact that it had hired Spencer Barasch, a former enforcement chief for the U.S. Securities and Exchange Commission who allegedly rejected calls to investigate Stanford Financial, would not have caused Andrews Kurth partner Chanse McLeod to know the bank would be...
To view the full article, register now.