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Join the Securities Litigation and Enforcement Group on LinkedInSupreme Court Rules Allen Stanford Ponzi-Scheme Victims Can Sue Third Parties – Law Blog – WSJ
Victims of R. Allen Stanford’s $7 billion Ponzi scheme can sue law firms and other third parties on allegations they aided the fraud, the Supreme Court ruled Wednesday. The court, in a 7-2 ruling written by Justice Stephen Breyer, said the victims’ class-action lawsuits were allowed even though a 1998 federal law largely prohibits state-law […]
Dodd-Frank changes standard on aiding and abetting
SEC officials say Dodd-Frank’s changes to “aiding and abetting” standard is increasing number of SEC enforcement actions.