Chadbourne, Proskauer Targeted Over $7B Stanford Fraud

Law360, New York (February 1, 2013, 1:34 PM EST) -- Stanford Financial Group's receiver sued Proskauer Rose LLP and Chadbourne & Parke LLP on Thursday for allegedly helping Robert Allen Stanford pull off his $7 billion Ponzi scheme, two weeks after the U.S. Supreme Court said it would review investor class actions over the firms' alleged role.

Ralph S. Janvey, the receiver for Stanford's bank and related financial entities, claims lawyer Thomas V. Sjoblom, formerly with Chadbourne and later with Proskauer, helped Stanford's bank hide his shady dealings from the U.S. Securities and Exchange Commission beginning in 2005.

"Sjoblom — who had 20 years of experience as a senior lawyer in...

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!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!