There are lots of legal angles to explore amid the growing scandal swirling around R. Allen Stanford and the Stanford Group. One issue in particular -- that an attorney for the company, Proskauer Rose's Thomas Sjoblom, sniffed out the alleged fraud, withdrew his representation and came clean to federal investigators about his client's actions. Ethics experts say Sjoblom did precisely the right thing -- and, more importantly, that the Sarbanes-Oxley Act likely made his decision much easier than it otherwise might have been.
Stanford Financial Scandal and Whistleblowing Rules for Lawyers
The American Lawyer
February 19, 2009