WASHINGTON Feb 26 The U.S. Supreme Court on
Wednesday ruled that lawyers, insurance brokers and others who
worked with convicted swindler Allen Stanford cannot avoid
lawsuits by investors seeking to recoup losses incurred in his
$7 billion Ponzi scheme.
On a 7-2 vote the court held that lawsuits filed in state
court can go forward. New York-based law firms Chadbourne &
Parke and Proskauer Rose and insurance brokerage Willis Group
Holdings Plc were all sued by former Stanford investors. The
investors also sued financial services firm SEI Investments and
insurance company Bowen, Miclette & Britt.
(Reporting by Lawrence Hurley; Editing by Howard Goller)