Law360, New York (June 30, 2011, 3:18 PM EDT) -- Thompson & Knight LLP on Wednesday exited a class action in Oregon accusing the firm of aiding an alleged Ponzi scheme at now-defunct retirement home operator Sunwest Management Inc.
U.S. District Judge Michael R. Hogan granted a motion by the plaintiffs to permanently cut Thompson & Knight from the suit, following a settlement approved in April. Another defendant, Geffen Mesher & Co. PC, remains active in the suit and did not consent to the motion to dismiss its co-defendant.
Luke Ashley, general counsel for Thompson & Knight, declined to comment on details of the settlement Thursday, while an attorney for the...
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