Investors who sued Proskauer Rose in August accusing one of its partners of involvement in Stanford Financial Group's alleged Ponzi scheme have added Chadbourne & Parke as a defendant. The class action alleges that attorney Thomas V. Sjoblom, while he worked at Chadbourne and later at Proskauer Rose, participated in a $7 billion investment fraud orchestrated by the Texas company. The National Law Journal has learned that Sjoblom has withdrawn from Proskauer since the class action was filed.
October 13, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Investors who sued Proskauer Rose in August accusing one of its partners of involvement in Stanford Financial Group’s alleged Ponzi scheme have added Chadbourne & Parke as a defendant.
The class action alleges that attorney Thomas V. Sjoblom, while he worked at New York-based Chadbourne & Parke and later at New York’s Proskauer Rose, participated in a $7 billion investment fraud orchestrated by the Texas company.
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