Securities Law

Federal Judge Says Allen Stanford Lawyers Can't Quit, Must Defend Him in Upcoming $7B Fraud Trial

A federal judge in Houston has nixed an effort by lawyers for R. Allen Stanford to withdraw from his defense less than two weeks before he is scheduled to stand trial in a $7 billion fraud case.

Although they claim not to have had enough time and resources to prepare adequately for trial, attorneys Ali Fazel, Ken McGuire, John Parras and Robert Scardino have all been representing Stanford for the better part of a year or longer, noted U.S. District Judge David Hittner in a brief ruling denying their motion to withdraw.

He also refused their alternative request for an additional three months to prepare for trial, Bloomberg reports.

A CNBC article provides more details.

Earlier coverage: “Onetime Billionaire Allen Stanford Is Competent for $7B Fraud Trial, Judge Rules”

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