Panel: No Fraud Exception To Attorney Immunity Exists In Ponzi Scheme Suit
Mealey's (March 14, 2016, 2:07 PM EDT) -- NEW ORLEANS — Because the Texas Supreme Court has clarified that no “fraud exception” to attorney immunity exists, a federal district court erred in denying dismissal of related securities lawsuits stemming from the massive R. Allen Stanford Ponzi scheme, a Fifth Circuit U.S. Court of Appeals panel ruled March 10 (Proskauer Rose LLP, et al. v. Samuel Troice, et al., No. 15-10500, 5th Cir.).
(Opinion available. Document #57-160321-089Z.)
Latin American investors filed two separate but related complaints in the U.S. District Court for the Northern District...