Stanford Receiver Targets Proskauer, Chadbourne In $2B Suit

Law360, New York (February 1, 2012, 10:52 PM EST) -- The receiver for the Stanford Financial Group filed suit Friday seeking $1.8 billion in damages from Proskauer Rose LLP, Chadbourne & Parke LLP and an attorney who previously worked at both firms, alleging they were part of a conspiracy to cover up R. Allen Stanford's alleged Ponzi scheme.

Receiver Ralph S. Janvey claims in Washington federal court that attorney Thomas V. Sjoblom helped block a U.S. Securities and Exchange Commission investigation into sales of certificates of deposit issued by Antigua-based Stanford International Bank Ltd. Since Sjoblom...
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