October 18, 2019 / 10:04 PM / a month ago

Greenberg Traurig agrees to pay $65 million to settle Stanford receiver Ponzi lawsuit

Greenberg Traurig has agreed to pay $65 million to victims of an estimated $7 billion Ponzi scheme who said the law firm helped the now-convicted swindler Allen Stanford perpetrate his fraud.

The court-appointed receiver, the Official Stanford Investors Committee, and individual investors who purchased fraudulent certificates of deposit issued by Stanford asked in a filing late Thursday for a federal court in Dallas, Texas to approve the settlement.

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2nX1uB6

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