A group of investor clients of Stanford Financial Group has filed a class action against Proskauer Rose and partner Thomas V. Sjoblom.

The lawsuit, filed Thursday in the U.S. District Court for the Northern District of Texas in Dallas, alleges that the law firm and Sjoblom participated in a massive investment fraud scheme that led to the intervention by the U.S. Securities and Exchange Commission and the appointment of a receiver for the investment firm.

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