Complaint against PROSKAUER ROSE, LLP, CHADBOURNE & PARKE, LLP, and THOMAS V. SJOBLOM
August 8, 2012
By ATTORNEYS FOR THE OSIC
Ralph S. Janvey, in his capacity as the Court-Appointed Receiver for the Stanford Receivership
Estate, and the Official Stanford Investors Committee file this First Amended Complaint (the
"Complaint") against Defendants PROSKAUER ROSE, LLP, CHADBOURNE & PARKE, LLP, and THOMAS V. SJOBLOM
(collectively, the "Defendants").
Defendant Proskauer Rose, LLP ("Proskauer") is a limited liability partnership organized under the
laws of the State of New York. Defendant Proskauer has already appeared in this action.
Defendant Chadbourne & Parke, LLP ("Chadbourne") is a limited liability partnership organized under
the laws of the State of New York. Defendant Chadbourne has already appeared in this action.
Together, Defendants Proskauer and Chadbourne are collectively referred to as the "Law Firm
Defendants".
Defendant Thomas V. Sjoblom ("Sjoblom") is an individual who currently resides in the State of
Virginia. Defendant Sjoblom has already appeared in this action.
Defendants Proskauer and Chadbourne are liable for the tortious acts of their employee, Defendant
Sjoblom. From the time that Sjoblom joined the conspiracy described herein in June 2005 until
sometime in August 2006, Sjoblom was employed by Chadbourne. Thereafter, from August 2006 through
late 2009, Sjoblom was an employee of Proskauer. Sjoblom was acting within the course and scope of
his respective employments with Proskauer and Chadbourne, and in furtherance of said law firms'
respective businesses, when he engaged in the wrongful conduct described herein.
The Stanford Financial companies, and therefore the Receiver and/or the Committee, have suffered
the loss of billions of dollars in assets that were proximately caused by the wrongful conduct of
Defendants and their conspiracy with Allen Stanford and others as described herein. In the
alternative, Defendants Chadbourne, Proskauer and Sjoblom are liable for all damages caused to
Stanford Financial, and therefore to the Receiver and/or the Committee, during the time period from
2005 to 2009 when the Defendants participated in the conspiracy to obstruct the SEC investigation
of Stanford Financial's, SIBL's, and SGC's fraudulent sales practices. In addition, the Receiver
and/or the Committee are entitled to recover their just and reasonable attorneys' fees, subject
to Court approval, for it would be inequitable not to award such fees to them. The Receiver and/or
the Committee have retained the undersigned attorneys and have agreed to pay them a reasonable
attorneys' fee for their work.
The Receiver and the Committee request that the Defendants be summoned to answer this Complaint,
that the case be tried before a jury, and that upon final judgment the Receiver and the Committee
recover their damages as alleged herein, including their actual damages, punitive damages, and
their costs and expenses of suit, including reasonable attorneys' fees. The Receiver and the
Committee pray for such other relief to which they may be justly entitled.
Related article:
Stanford Investors Accuse Lawyer, Law Firm of Aiding Fraud
Insight: How Allen Stanford kept the SEC at bay
READER DISCUSSION
SIVG reserves the right to delete comments that are off-topic or offensive. Excessively long comments may be moderated as well. SIVG cannot facilitate requests to remove comments or explain individual moderation decisions. The comments posted here, express only the views of their authors and not the administrators/moderators from SIVG; for that reason SIVG won't be held responsible for those contents
Showing 0 comments...