Judge Stays Proskauer Suits Pending 5th Circ. Ruling

Law360, New York (April 13, 2012, 9:52 PM EDT) -- A Texas federal judge has stayed several class actions against Proskauer Rose LLP, Chadbourne & Parke LLP and others accused of helping shield alleged Ponzi schemer R. Allen Stanford's bank from investigators, awaiting a potential Fifth Circuit en banc ruling over whether the class actions were precluded.

U.S. District Judge Orlando L. Garcia ordered that several putative class actions in the U.S. District Court for the Western District of Texas be stayed while awaiting a Fifth Circuit decision on whether to rehear en banc an appeal...
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