Stanford Investors Drop $1.8B Suit On Greenberg, Hunton

Law360, New York (November 16, 2012, 3:43 PM EST) -- A class of investors in the doomed Ponzi scheme of Robert Allen Stanford on Thursday demanded $1.8 billion in damages from Greenberg Traurig LLP, Hunton & Williams LLP and a former Greenberg attorney for helping the convicted fraudster pull off his misdeeds.

The investors said that Stanford's $7 billion scheme could not have gone on for so long without his team of "skilled and complicit" lawyers, including former Greenberg and Hunton partner Carlos Loumiet — "Stanford’s kindred spirit and legal facilitator for over 20 years" — and Loumiet's "protege," Yolanda Suarez.

"Loumiet’s and Suarez’s finger prints are all over the Stanford...

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