Miami Firm Agrees To Settlement Over Shapiro Ponzi Suit

Law360, Los Angeles (September 9, 2013, 10:23 PM EDT) -- Miami law firm Shook Hardy & Bacon LLP agreed on Friday to pay $5 million to settle claims by a bankruptcy trustee that it aided and abetted former University of Miami booster Nevin Shapiro, who was convicted in 2010 of running a $930 million Ponzi scheme.

The firm denied any wrongdoing, according to a proposed settlement filed Friday in Florida bankruptcy court. The settlement includes a $1.7 million fee to law firm Tabas Freedman Solof Brown & Rigali PA for its service as the bankruptcy trustee...
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