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Stanford receiver sues two Baton Rouge-area law firms
BATON ROUGE, La. – The receiver for the Stanford companies has sued Adams & Reese LLP and Breazeale, Sachse & Wilson LLP for $1.8 billion, alleging that the New Orleans and Baton Rouge law firms helped R. Allen Stanford misappropriate the money, the Baton Rouge Advocate reports.
The lawsuit claims the loss was caused by the wrongful conduct of the law firms and other defendants, who it says are liable for all the damages caused to the Stanford group of companies, as well as reasonable attorneys’ fees.
In addition to the law firms, the other defendants in the lawsuit are Adams & Reese attorneys Robert Schmidt and James Austin; Claude Reynaud Jr., a partner in Breazeale and former director of Stanford Trust Co.; and former Stanford Trust directors Cordell Haymon and Thomas Frazier.
Stanford’s company had offices in Baton Rouge.
Among other things, the federal lawsuit filed in Dallas, Texas,
... Discounted tickets to LSU events offered to USBC bowlers
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