Proskauer, Chadbourne Halt Suit Over $7B Stanford Ponzi

Law360, New York (March 8, 2013, 7:28 PM EST) -- A federal judge on Friday put the brakes on the Stanford Financial Group’s receiver’s suit accusing Proskauer Rose LLP and Chadbourne & Parke LLP of helping Robert Allen Stanford pull off his $7 billion Ponzi scheme until motions to dismiss in a similar suit are resolved.

The parties last week jointly asked the judge to stay the case, saying if the firms’ motions to dismiss the other suit are granted, they agree to move ahead in this suit, but if the receiver’s motion to transfer the...
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Case Information

Case Title

Janvey et al v. Proskauer Rose LLP et al


Case Number

3:13-cv-00477

Court

Texas Northern

Nature of Suit

Torts/Pers Prop: Other Personal Property Damage

Judge

David C Godbey

Date Filed

January 31, 2013

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