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Stanford’s Wife Sues Divorce Lawyer, Claims $200M Offer Not Disclosed

Posted Sep 25, 2009 10:55 AM CST
By Debra Cassens Weiss

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The estranged wife of indicted billionaire R. Allen Stanford has filed a lawsuit alleging her former divorce lawyer didn’t tell her about a $200 million settlement offer last year.

Susan Stanford wants her former lawyer, Nancy Rommelmann, to pay $200 million in damages for not telling her of the verbal offer in January 2008, Bloomberg reports. Since then, Allen Stanford’s assets have been frozen and a court-appointed receiver is seeking to sell Susan Stanford’s 7,000-square-foot Houston home as well as a 2,800-square-foot condominium owned by their daughter.

“If the plaintiff had been made aware of the substantial sum offered as settlement in her divorce proceedings, she would have readily accepted,’’ the lawsuit says.

Allen Stanford is represented by a public defender as he fights charges that he bilked $7 billion from investors who bought certificates of deposit in his offshore bank.

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