Road cleared to sue lawyers to Allen Stanford

Law firms which advised the former Antigua-based billionaire could be sued by investors in his Ponzi schemes after the Supreme Court gave them the green light.

The Supreme court is allowing investors to sue law firms involved in the Allen Stanford Ponzi schemes. trekandshoot

In a 7-2 decision, the Supreme Court held that class action lawsuits could be launched against parties related to Allen Stanford - such as individuals, law firms and investment companies. Billions have been lost to investors in his schemes, and he himself was sentenced to 110 years in prison. Source: ABC News

Email your news and story ideas to: [email protected]

Top