4 Takeaways From Hunton & Williams' $34M Stanford Deal
Law360, New York (September 5, 2017, 10:37 PM EDT) -- Hunton & Williams LLP has become the latest law firm to settle allegations that it aided Robert Allen Stanford’s $7 billion Ponzi scheme, inking a $34 million deal that would benefit some of Stanford’s thousands of victims.
With Stanford now five years into a 110-year federal prison sentence, Hunton's big-dollar settlement is a significant step in a swarm of suits that arose from the 2009 collapse of Stanford International Bank and other companies Stanford controlled.
In the instant suit, filed in 2012, the bank’s court-appointed receiver accused ex-Hunton partner Carlos Loumiet and the firm of being key facilitators for Stanford, helping...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!