Attorneys React To High Court's Stanford Decision

Law360, New York (February 26, 2014, 9:06 PM EST) -- The U.S. Supreme Court ruled Wednesday that investors victimized by Robert Allen Stanford's $7 billion Ponzi scheme may sue Chadbourne & Parke LLP, Proskauer Rose LLP and others for allegedly aiding and abetting the fraud. Here, attorneys tell Law360 why this 7-2 ruling is significant.

Michael Downey, Armstrong Teasdale LLP

"For law firms, the [Chadbourne & Parke LLP v. Troice et al.] decision is a somber reminder that law firms' largest claims usually come from representing dishonest clients. So law firms should have strong risk management...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.