Thompson & Knight, K&L Gates Settle Sunwest Case

Law360, New York (October 6, 2010, 1:47 PM EDT) -- Thompson & Knight LLP and K&L Gates LLP have settled state and federal lawsuits alleging they played a key role assisting retirement home operator Sunwest Management Inc. in its running of a $400 million Ponzi scheme, according to individuals involved with the case.

Luke Ashley, Thompson & Knight's general counsel, said in a telephone interview Wednesday that the firm had reached a global settlement in mediation with Sunwest investors and the court-appointed receiver for Sunwest and its units in a securities fraud case brought against them...
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