Stanford Investors Protest Proskauer's Bid To Pause Suit

Law360, New York (February 21, 2012, 5:58 PM EST) -- Plaintiffs in one of six lawsuits claiming Proskauer Rose LLP protected accused Ponzi schemer Robert Allen Stanford's bank protested a motion to stay the suit Monday, calling it a ploy to prevent the court from remanding the suit before the Judicial Panel on Multidistrict Litigation reaches a decision.

The plaintiffs, 49 investors who lost money in Stanford's alleged $7 billion criminal scheme, said the Southern District of Texas, to which Proskauer Rose removed the suit Jan. 27, can very easily decide whether removal to federal court...
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Case Information

Case Title

In RE: Stanford Entities Securities Litigation


Case Number

3:09-md-02099

Court

Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange

Judge

David C Godbey

Date Filed

October 6, 2009


Case Title

Martin et al v. Proskauer Rose, LLP et al Case transferred electronically to Northern District of Texas (Dallas).


Case Number

4:12-cv-00280

Court

Texas Southern

Nature of Suit

850(Securities/Commodities)

Judge

Judge Melinda Harmon

Date Filed

January 26, 2012

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