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Browse: Home / 2009 / October / 12 / Chadbourne & Parke Named as Defendant in Stanford-Related Class Action

Chadbourne & Parke Named as Defendant in Stanford-Related Class Action

By Securities Docket on October 12, 2009, 2:27 pm

stanford_financial230x200Stanford Financial Group investors, who previously sued law firm Proskauer Rose for one of its partner’s alleged involvement in the high-profile Ponzi scheme, have now added Chadbourne & Parke as a defendant in their class action lawsuit.  The National Law Journal reports that according to the plaintiffs’ allegations, attorney Thomas V. Sjoblom worked at New York-based Chadbourne & Parke and later at New York’s Proskauer Rose while supposedly participating in the scheme.

The NLJ also reports that Sjoblom, who joined Proskauer Rose in 2006, has withdrawn from the firm since the class action was filed.  In August, Stanford CFO James Davis pleaded guilty plea but “appeared to implicate Sjoblom in a conspiracy to thwart a U.S. Securities and Exchange Commission investigation into the alleged fraud,” the NLJ states.

Read the NLJ article.

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Posted in Class Actions | Tagged Ponzis, Stanford Financial

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