Marcum Can't Pull Expert Services From Stanford Case: 5th Circ.

Law360, New York (February 10, 2012, 3:50 PM EST) -- The Fifth Circuit on Thursday dismissed Marcum LLP's challenge of an order that the accounting firm continue its expert services in the criminal trial of accused Ponzi schemer R. Allen Stanford, ruling that only the U.S. Supreme Court can hear such appeals.

Marcum, which agreed to provide forensic accounting expert testimony on behalf of Stanford's court-appointed counsel and be paid under the Criminal Justice Act, submitted its resignation Dec. 30 after not being paid for its services the three previous months. However, Fifth Circuit Chief Judge...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.