Class Action Latest Suit Counsel Handling Against Stanford Group Co.

Feb 2009 // Texas Lawyer

Thomas Ajamie says his firm has signed up four or five Stanford investors as clients and he has a list of people to call back. “Our phones have been ringing off the hook,” he says, noting the firm first began receiving calls from worried investors on February 13, after news reports surfaced about the SEC’s investigation of Stanford and his companies.

But Ajamie says he does not plan to file litigation until the receiver has done his work. “That’s the first step,” he says.

The receiver must account for the funds invested with the Stanford entities, a process that could take as long as two or three years, Ajamie says. He also says the receiver probably will seek to block the Adams class action.

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