The U.S. Supreme Court let aggrieved investors in R. Allen Stanford’s $7 billion Ponzi scheme sue outside companies and law firms alleged to have played a role in the fraud, dealing a setback to the securities industry.
Victims of R. Allen Stanford’s $7 billion Ponzi scheme can sue outside companies and law firms alleged to have played a role in the fraud, the U.S. Supreme Court ruled, dealing a setback to the securities industry.
Citigroup Inc. won dismissal of a lawsuit by former Wall Street banker William Salomon, son of the founder of Salomon Brothers, who blamed the bank for his personal secretary’s theft of more than $1 million.
Mark Shelton, formerly UBS AG’s Americas general counsel and global head of investigations, is joining Gibson, Dunn & Crutcher LLP in New York. He will practice financial institutions law with a focus on banking regulation and investigations.
Proskauer Rose LLP asked a court to dismiss a lawsuit filed by Elly Rosenthal, its former chief financial officer, in which she alleged the law firm wrongly fired her after she took leave for treatment of breast cancer.
Proskauer Rose LLP was sued for employment discrimination in New York by former Chief Financial Officer Elly Rosenthal, who accused the law firm of firing her after she took leave for breast cancer treatment.
Sullivan & Cromwell LLP, Morris Manning & Manning LLP, Venable LLP, Wachtell Lipton Rosen & Katz and Proskauer Rose LLP advised on American Realty Capital Properties Inc.’s agreement to buy Cole Real Estate Investments Inc. for about $6.85 billion as it seeks to become the largest owner of U.S. single-tenant buildings.