Houston’s The Sydow Firm, now faced with the unenviable task of representing disgraced financier R. Allen Stanford in connection with a civil suit filed against him by the Securities and Exchange Commission, has sued Lloyd’s of London and its legal counsel at Akin Gump Strauss Hauer & Feld for allegedly blocking $437,151 in legal fees for the firm’s work.
Texas Lawyer, a sibling publication, reports that Sydow is representing Stanford in federal securities litigation. The firm claims that Akin Gump and certain underwriters at Lloyd’s “agreed in writing” to pay Sydow to defend Stanford in the SEC suit.
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