- A $500 million lawsuit filed in California Superior Court this week accuses Sidley Austin, eight other law firms, plus several lawyers, of contributing to a $1.3 billion Ponzi scheme that targeted retirees and retirement account funds. The suit filed by the receiver representing thousands of ripped-off investors, among other things accuses Sidley and its Washington partner Neal Sullivan of heavy involvement in the legal maneuvers of Woodbridge Group of Companies. (Businesswire.com)
- Woodbridge was the California company behind the scheme. Its CEO, Robert Shapiro, was sentenced to 25 years in prison in October after pleading guilty to mail and ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.