Law, Strategy, and Risk in Commercial Disputes
The wages of sin is death. What wages do you get from a Ponzi scheme?
The kind you can't access any more.
People who worked at Stanford Group Company found that out the hard way. Their employer, we now learn, paid them with proceeds of a Ponzi scheme. The Fifth Circuit held that funds they…
Doing things out of proper sequence can require a do-over. But in law, as elsewhere, the do-over may come too late.
Just ask Abraxis, a drug maker that today lost a lawsuit because the company it bought patents from didn't own them at the time.
Abraxis signed an Asset Purchase Agreement with AstraZeneca in April 2006. …