Chadbourne & Parke v. Troice: Will the Supreme Court's Narrow Statutory Interpretation Open a Wide Door to Securities Lawsuits?
The U.S. Supreme Court issued its opinion Feb. 26 in a consolidated appeal related to the collapse of Allen Stanford’s financial network. Chadbourne & Parke v. Troice, No. 12-79; Willis of Colo. v. Troice, No. 12-86; Proskauer Rose LLP v. Troice, No. 12-88, 134 S. Ct. 1058 (Feb. 26, 2014). Significantly, the court agreed with the 5th U.S. Circuit Court of Appeals that a federal statute does not bar the underlying lawsuits. Read more.