Proskauer, Chadbourne Win SCOTUS Review In Stanford Case

Law360, Wilmington (January 18, 2013, 7:33 PM EST) -- The U.S. Supreme Court agreed Friday to take up a bid by Proskauer Rose LLP and Chadbourne & Parke LLP to quash a class action over the firms' alleged role in the Stanford Ponzi scheme and potentially resolve a circuit split over the application of the Securities Litigation Uniform Standards Act.

In an order granting certiorari, the high court said it would consider petitions from the law firms, and another from insurance broker Willis Ltd., who are trying to dodge investor suits claiming they helped shield...
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