Las víctimas olvidadas de Stanford ahora disponible en español

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Thursday, December 25, 2014

Allen Stanford's Lawyers Shed Some Charges

Investors harmed in R. Allen Stanford's $7 billion Ponzi scheme cannot sue the Greenberg Traurig and Hunton & Williams law firms for breach of fiduciary duty, a federal judge ruled.

The Official Stanford Investors Committee and court-appointed receiver Ralph Janvey, with Krage Janvey in Dallas, sued both law firms and Miami attorney Yolanda Suarez in Dallas Federal Court in 2012, alleging legal malpractice, breach of fiduciary duty and fraudulent transfer, among other things.
They claimed the defendants aided the scheme's success and eventual downfall by providing deficient legal services.

They said Suarez was Stanford's chief of staff and the "protegé" of attorney Carlos Loumiet, a partner first at Greenberg and later at Hunton.

U.S. District Judge David C. Godbey granted in part the defendants' motion to dismiss on Dec. 17, finding that the investors failed to plead an independent claim for breach of fiduciary duty.2011

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For a full and open debate on the Stanford receivership visit the Stanford International Victims Group - SIVG official Forum

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