On April 17, 2019, the Fifth Circuit affirmed the judgment obtained by Cowles and Thompson that dismissed claims against our client Greenberg Traurig (GT) by former investors of the Robert Allen Stanford $7 billion Ponzi scheme. The former investors alleged that GT should be liable for Stanford’s frauds even though it didn’t know about the fraud or knowingly assist it. GT argued that it could not be sued by non-clients for actions it took as lawyers in representing a client. Judge Godbey agreed and granted a take-nothing judgment as to the investors. His ruling was unanimously affirmed by the Fifth Circuit.
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