Does the Securities Litigation Standards Act preempt state law class actions claiming that the defendant engaged in a Ponzi scheme involving misrepresentations about transactions with securities covered by the federal act?
See “Can plaintiffs recover from Ponzi scheme in state court?”
Chadbourne & Parke LLP v. Troice, No. 12-79, consolidated with Willis of Colorado Inc. v. Troice, No. 12-86 and Proskauer Rose LLP v. Troice, No. 12-88. Certiorari granted: Jan. 18, 2013. Ruling below: 675 F.3d 503 (5th Cir. 2012).
This is the first edition of Lawyers USA's Lawyers in Practice, where we discuss the hot issues facing practicing attorneys and law firms.
In this edition, we discuss how to prevent legal malpractice claims with better communication, with Jim Calloway, director of the Oklahoma Bar Association's Management Assistance Program, and Dan Pinnington, vice-president of Claims Prevention and Stakeholder Relations at LawPRO, a professional liability carrier based in Toronto, Canada.