A Texas federal judge has allowed lawsuits to continue against Proskauer Rose, Chadbourne & Parke, and a former lawyer at the two firms over the roles they played representing convicted Ponzi scheme promoter R. Allen Stanford.
On Tuesday, Dallas U.S. District Judge David Godbey declined to dismiss most of the claims against the defendants brought by Ralph Janvey, a court-appointed receiver for Stanford investors, along with claims brought directly by investors who were sold $7 billion in fraudulent certificates of deposit. The surviving claims against the firms and Sjoblom include malpractice, negligence, and civil conspiracy.
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