Attys Awarded $15.5M In Fees After Stanford Ponzi Deal

By Reenat Sinay (January 22, 2019, 2:30 PM EST) -- A Texas federal judge has awarded fees of nearly $15.5 million to the attorneys representing a court-appointed receiver and a group of investors in their suit against Proskauer Rose LLP over its former partner's participation in R. Allen Stanford's $7 billion Ponzi scheme.

A team of lawyers from Castillo Snyder PC, Clark Hill Strasburger PLC and Neligan LLP led the investors to a $63 million settlement with Proskauer in August, bringing six years of litigation to a close.

U.S. District Judge David C. Godbey said in his order Friday that the award, which represents 25 percent of the settlement amount, was...

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