Proskauer, Hunton, Chadbourne Attack Antiguan Stanford Deal

Law360, New York (March 28, 2013, 7:30 PM EDT) -- Proskauer Rose LLP, Hunton & Williams LLP and Chadbourne & Parke LLP on Thursday challenged a settlement between the U.S. and Antiguan receivers in charge of compensating victims of Robert Allen Stanford's $7 billion Ponzi scheme, saying the deal exposes them to duplicative litigation.

The three firms join Greenberg Traurig LLP in urging a Texas court to reject the settlement, which will resolve disputes about jurisdiction over $300 million that Stanford had in the U.K., Switzerland and Canada.

Proceedings are already underway in the U.S. that...
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