Chadbourne, Proskauer Get Stanford Ponzi Suit Booted

Law360, New York (October 21, 2011, 10:09 PM EDT) -- A Texas federal judge on Friday tossed a putative class action against Chadbourne & Parke LLP, Proskauer Rose LLP and its former partner Thomas Sjoblom, who allegedly helped shield accused Ponzi schemer R. Allen Stanford's bank from investigators.

U.S. District Judge David C. Godbey said he dismissed the suit lodged by burned Stanford investors on the same grounds on which he dismissed another Stanford-related suit in August: Their claims, which were made under Texas state law, are preempted by the Securities Litigation Uniform Standards Act....
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Case Information

Case Title

Troice et al v. Proskauer Rose LLP et al


Case Number

3:09-cv-01600

Court

Texas Northern

Nature of Suit

Torts/Pers Prop: Other Personal Property Damage

Judge

David C Godbey

Date Filed

August 27, 2009

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