Thompson & Knight Hits Back At Sunwest Ponzi Suit

Law360, New York (September 18, 2009, 6:34 PM EDT) -- A suit by the receiver for Sunwest Management Inc. accusing Thompson & Knight LLP of aiding a $450 million “Ponzi-like scheme” by preparing memos to lure investors for the retirement home operator is full of implausible allegations and conclusory assertions, the firm claims.

In a motion to dismiss the suit filed Sept. 17 in the U.S. District Court for the District of Oregon, Thompson & Knight argues that the suit by receiver Michael Grassmueck does not plead any specific facts supporting its claims that the firm...
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