August 13, 2026
A Texas federal judge recommended that a class action alleging the Bank of New York Mellon's involvement in R. Allen Stanford's Ponzi scheme be removed to New Jersey, saying the claims do not belong within the wider multidistrict litigation.
May 27, 2015
The auditor long alleged to be complicit in Robert Allen Stanford's $7 billion Ponzi scheme has agreed to a $40 million settlement with the official Stanford investor committee, though the it continues to assert it had nothing to do with the racket.
February 21, 2012
Plaintiffs in one of six lawsuits claiming Proskauer Rose LLP protected accused Ponzi schemer Robert Allen Stanford's bank protested a motion to stay the suit Monday, calling it a ploy to prevent the court from remanding the suit before the Judicial Panel on Multidistrict Litigation reaches a decision.