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.